Real Estate News by GLG Council Members

For the better part of five years, TIC (tenant in common) investments were heavily promoted to individual investors as a "safe" and hassle- free investment alternative to whole ownership, primarily to those  wishing to defer taxes on the realized gain from a sold property or properties. These investors were sold a bill of goods and these investments are proving to be disastrous as the markets...

Lowest Housing starts for Decades. Increasing redundancies. Improving Rental Figures. Potential Housing crisis as shortages of homes grow.

When major service providers manipulate their statistics to paint a different picture than what is true reality, how can that benefit anyone in the industry or better asked the uneducated commercial real estate consumer? It also provides a disservice to their client base that rely on honest and objective information and advice.   No wonder we are in a world of hurt, and just because CBRE the...

The Key Implication is this investment behavior is so far over the top and wrong, that its is going to hurt a lot of innocent people and the tax payers. CEO’s of Public Companies have been put in Jail for such bad investment behavior. Furthermore the pension fund managers can’t even report on how their investments are really doing or what they are even invested in as per the subject article....

Changes to housing, autos, urban planning, public transportation, carpooling, consumer goods and retailing, manufacturing, restaurants, agriculture, mining and utility providers are coming.  There will be suppliers close to the ultimate user, zero or virtual mobility for workers and local vacations or recreation, we are told.  

The public is now going to be asked to support the housing mania of the 1st years of this century with tax look-backs to previous profits, with extended activity by the quasi-public lenders, Freddie Mac and Fannie Mae, and with government backing for loans written down to 85% of the new appraisal.  Industry insiders will love this direction as they seek to absolve their balance sheets of low...

This article notes the recent statement building financing of financial institutions and concludes its opening remarks with “I don’t know, you don’t know, and they don’t know”.  The article states the assumptions of current bank recapitalizations and in particular recaps the Bear Stearns acquisition.  It’s notable to me that Warren Buffet recently said that he didn’t have the appetite to...

While banks are selling foreclosed homes in the Atlanta market for close to 90% of the loan amount, their vacant lots and land are not selling at all.  Builders and developers that have been paying interest for months are running out (or have run out) of cash.  Banks are struggling to find a strategy to handle what many of them expect to be an avalanche of foreclosures on vacant developed...

Bad news for some, though, will soon turn out to be good news for others.  The second half of this year will yield ample opportunities for residential land / lot buyers.  

Shanghai has a lot to offer the foreign investor who are still able to deal in China despite the approvals needed. But the story has moved on to the 2nd tier cities and increasingly the 3rd tier cities, investors just need an investment committee comfortable dealing in cities they have never heard of.