Long before the mortgage mess and the credit crunch that led us to where we are today, a broker was telling me that office rents didn’t come close to justifying the prices being paid for some buildings in Los Angeles. Either the buyers were counting on rents to rise significantly, which he didn’t expect to...Read more
Monthly Archives: July 2011
Rollover risk is particularly important for office properties because of the large share of space occupied by specific tenants. The largest tenants in typical office buildings may occupy anywhere from one-third to three-fourths of the total space.
As 1 World Trade Center starts to claim a place on the Lower Manhattan skyline, for sale the area’s retail scene is beginning to revive, shop with landlords raising rents...Read more
THE U.S. housing market continues to plod along for the most part, but commercial real estate is showing signs of recovery. That's according to a report published earlier this month by JPMorgan Chase. The huge bank is seeing pockets of opportunity for investment in commercial real estate. That's good news for a sector that not long ago...Read more
Men are disturbed not by things, but by the views they take of them. –Epictitus (AD 55-AD 135) Athletes, entrepreneurs (especially the serial brand) and other high-performers get dealt the same number of bad hands as the rest of us. What sets them apart is their conviction that they can play those hands better than anyone...Read more
Although real estate fundamentals and valuations in the U.S. hotel sector are clearly on the rise, sales the overhang of distressed properties remains significant. According to New York-based Trepp LLC, medicine the percentage of CMBS hotel loans 30 days or more past due in June stood at 13.87% — second...Read more