Archive for the 'CMBX' Category

$600 Billion of CRE value wiped off the books?

By: Myles, May 27th, 2008

Just to put a point to the notion that the Commercial Real Estate (CRE) market could actually become a lot worse, Seeking Alpha just posted a most interesting thumbnail analysis as to how we could see a huge downturn, with respect to the overall value in the CRE arena in the very near future.
The sale […]

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Dinosaurs, Tar Pits and Macklowe: Real Estate Today

By: Myles, May 23rd, 2008

Here is an absolutely fascinating analysis of the commercial real estate market as posted in Seeking Alfpha, entitled Real Estate: Modern Fundaments.
A Historical Analogy: As we think about the dominance of the dinosaur and the 40 plus million years they roamed the earth, there is a clear sense of power. It is all the more powerful […]

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Weakened Commercial Real Estate Markets Ahead

By: Myles, May 21st, 2008

We just reported on some promissing commercial retail real estate news, yet according to MarketWatch, commercial real estate markets in general should weaken in the months ahead, according to reports released May 21, 2008 by trade groups representing realtors and architects. Perhaps the most important thing we can all do, at this point, is simply […]

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Retail Real Estate, Good News

By: Myles, May 20th, 2008

As reported in the Baltimore Business Journal, nearly 450 new shopping centers were added this year, through May 10, 2008, according to the latest industry report by from the International Council of Shopping Centers.
Here are some interesting supplemental data (and factoids) regarding the commercial real estate sector (and the retail arena, specifically): 

The Big Picture: In 2008 there […]

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Prices are a falling …

By: Myles, May 19th, 2008

As reported by Forbes – prices for commercial real estate slipped more than 2 percent in March 2008 as it became tougher, to borrow money to buy property – Moody’s reported Monday, May 19, 2008:

SOME BAD NEWS: The Moody’s REAL Commercial Property Price Indices fell 2.3 percent in March from February 2008, the largest one-month decline since […]

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As Macklowe went, so goes Eichner: A microcosm of the commercial market

By: Myles, May 9th, 2008

History does seem to repeat itself more often than not. So here we go again ….
In a fascinating expose in the Wall Street Journal, Jennifer Forsyth chronicles how property mogul, Ian Bruce Eichner, is poised to take yet a second fall from grace in less than two decades.
Forsyths WSJ piece not only documents the present […]

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Good News, Odd News: Someone has to blink soon

By: Myles, May 6th, 2008

When it comes to predicting the future of the commercial real estate market, quirkiness is certainly in the air these days. Even when some good news finally appears, a cloud invariably seems to be lurking overhead.

Here is the good news. MIT commercial property price index turns higher. The cloud foreshadowing this good news is that […]

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Indicia of future real estate deals: As LandAmerica goes …

By: Myles, April 30th, 2008

Here is yet another very significant indicia of the declining real estate market, as of April 2008, as reported by Inman News:
There has been a 28 percent decline in revenue which helped push title insurer LandAmerica Financial Group Inc. to a $24.2 million first-quarter loss, despite ongoing cost-cutting measures that include the elimination of the equivalent […]

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Moody’s Reads the Commercial Real Estate Tea Leaves

By: Myles, April 25th, 2008

So, what is the state of the commercial real estate market. That tis the question?
Here is perhaps a glimmer of understanding — and some hard data – at the end of April 2008. Once again, we are trying desperately to read the tea leaves as to what the future holds ….
US commercial real estate prices crept […]

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Commercial construction demand, down

By: Myles, April 24th, 2008

In a sign of things to come, the Baltimore Business Journal’s Tierney Plumb just posted some sombering news …
The forecast for commercial construction this year looks bleak, according to the latest survey from the American Institute of Architects. The Washington, D.C.-based group’s monthly survey gives a glimpse into the future of nonresidential construction activity by showing a nine […]

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