GLG News in Real Estate

Home prices have indeed experienced significant corrections.  However, some reports of price reductions may be exaggerated due to innacurate methodology. 

This article is important for at least three reasons. The first and most important is the "Domino" affect the restructuring or demise of Steve & Barry's will have on most, if not all, Mall REITs. The vast majority of their 270 existing stores are in former anchor stores that, if returned to their former vacant status, would have profound negative impact on the entire "wing" of the regional mall...

On the Global market for second-homes, we have for a number of years now only seen ‘risk-loving' echoes of upturns in many individual national markets for first homes. We are awaiting the echoes of the negative developments in a number of national housing markets on markets for second homes. We will probably see that soon in a number of places, but effects will not confined to each national market...

In their first quarter results, several banking organizations reported stunning losses and provisions generated by these loans, with predictions of much more to come in future quarters. Indeed, national banks, which hold about half of all home equity loans, sustained as much loss from this type of credit in the first quarter of this year than they did in all of 2007.  Home equity lending...

There were names like Fox & Carskadon, McNeil and Consolidated Capital among the biggest income property acquisition syndicators in the 70’s and 80’s, but no more.  And no more are thousands of other syndicators of that era big and small, who generally fell by the wayside as they could not execute.  And the reason they could not execute was they could not exit their existing portfolios...

The referenced article begins with the now usual doomsday message which many including this writer have now exhausted ad nauseam.  Three relatively short paragraphs later, the Editor-in-Chief wraps up the forgone conclusions neatly and attempts to move on to some new meat.  You can read the rest of the article to absorb his wisdom.  This guy is a great real estate investor and journalist...

To assert that "times are tough but not as tough as during the recession of the early 2000s" is to look no further than the numbers, ignoring the underlying issues, which the NAR and many other trade organizations are quite good at. The numbers may not show it now, but the commercial real estate market is, or certainly will be, much worse than during the recession of the 2000s. In fact, we may look...

The DC regional commercial real estate market is beginning to feel the pain of the slowing economy. And As this writer has been expressing there are those still in major denial. By sitting back and watching Rome burn, they are contributing to the continued decline. At least some landlord's are finally seeing what they need to do.  I had written an article for GLG over year ago...

Present inflationary and other negative concerns are affecting the local economy but can property developers ride out the strom?

The Philippine government's stricter bidding procedures for its prime property in Bonifacio Global City in Taguig, Manila shows its renewed efforts for transparency which could actually translate to more FDI's in the long run.