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As a Hedge Against Inflation, Commercial Real Estate Investment Remains a Smart Play

August 19, 2010

In economic terms, inflation is defined as a rise in the general level of prices of goods and services in an economy over a period of time.  When prices rise, each unit of currency buys fewer goods and services, eroding real consumer purchasing power.  Although deflation also is a risk to the economy, moderate inflation is much more prevalant over the course of modern history. 

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Global Property Sales Soar in First Half of 2010 as U.S. Deals Rebound

August 09, 2010

A new report on global commercial property transactions shows that sales of major properties valued at $10 million or more surged in the first half by 75% compared with the same period in 2009.

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Commercial Mortgage Debt Falls in First Quarter, Bankers Report

July 02, 2010

The level of commercial mortgage debt outstanding dropped 0.9% in the first quarter to $3.31 trillion, according to the Mortgage Bankers Association (MBA), which analyzed Federal Reserve Board data.

Declines in commercial mortgages held in commercial mortgage-backed securities (CMBS) drove the decrease, along with construction loans held by banks and thrifts, the association reported.

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The Ports of Los Angeles and Long Beach Key Economic Engines

July 02, 2010

The Ports of Los Angeles and Long Beach serve as key economic engines not only for the South Bay, but also for the entire Southern California region.  The Port of Long Beach, for example, is the busiest container seaport in the US, moving more than $120 billion worth of carg0 in 2009…

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Snail’s Pace Is Better Than No Pace

July 02, 2010

In a word, Southern California’s economic recovery this year will be slow.  In two words, it will be slow and spotty. 

Economists and real esate experts agree that the market will start to get back on its feet this year, but none of them predict the recovery will be anything but gradual.  Although some industries, such as housing, will begin to improve, job losses are projected to continue through midyear.  Other sectors like retail, meanwhile, may continue to struggle. 

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CMBS Losses Deepen

July 02, 2010

The loss rate in some property sectors could exceed 40%, says Trepp. Properties backed by CMBS loans that have undergone an appraisal reduction may be a financial fortune cookie for investors. Ordering an updated appraisal is just one of the steps required after a loan has been transferred to special servicing. 

In the current environment, most appraisals have been reduced from their original value at securitization, especially loans underwritten during the boom for commercial mortgage-backed securities. “Appraisal reduction is a forward-looking measure of potential future losses,” explains Paul Mancuso, a vice president with commercial real estate data and analytics firm Trepp LLC.

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L.A. COUNCIL COMMITTEE OKs 4-MONTH BAN ON SOME RENT HIKES

May 18, 2010

After roughly 90 minutes of angry testimony from tenants and landlords, a Los Angeles City Council committee called Wednesday for a four-month prohibition on rent increases for an estimated 63,000 apartments. 

To read full article, please click the following link:

http://www.latimes.com/news/local/la-me-rent-20100506,0,2283107.story

RISKY OR NOT, LENDERS SLOWLY OPENING VAULTS TO CRE LENDING AGAIN

March 05, 2010

Even as banking regulators and politicians deal with the fallout from the collapse of commercial real estate values and the subsequent impact on the banking systems, it appears that an increasing number of lenders are more inclined to jump back into the sector. Total renewals of existing commercial real estate accounts increased 57% from November to December of last year, according to numbers released this week by the U.S. Department of Treasury. Treasury completes a monthly tally of lending activity of the nation’s 20 largest bank, which control 57% of all U.S. banking assets. (more…)

A Glimmer amid a dim market

January 25, 2010

Commercial real estate in downtown Glendale had a rough year in 2009, with vacancy rates soaring close to 20% and demand for space almost nonexistent, but a small sale at year’s end may offer validation that the city’s commercial core remains desirable, brokers said. A private real estate investment firm, MO&M Investment, bought the $2.5-million two-story brick building at 344 N. Central Ave. in December. While the sale of a small property during a slow real estate market was not unique, the price — at about $510 a square foot — caught some by surprise. (more…)

10 Things to Watch in 2010 (part 1)

December 30, 2009

I don’t know anyone who will not be happy to see 2009 in the rear view mirror. To say it was a challenging year is an understatement. Before we take a look at what commercial real estate market participants should be watching in 2010, let’s take a look back at some key events which took place in 2009:

In January, Barack Obama is sworn into the office of president of the United States making him the first African-American president in U.S. history.

(more…)