Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Why this report is not a good Omen for the Commercial Real Estate sector
September 29, 2009
Stocks waver on housing, consumer confidence data | www.wtop.com
Once again the pundits got it wrong. The ever optimistic media and their un-named economists seem to have no clue about how bad the economy has been. Further, they have not figured out how this worst recession since the Great Depression will continue to affect people's spending and saving habits. They certainly have no idea how the commercial real estate sector will continued to be affected.
September 28, 2009
KB Home Loss Narrows on Fewer Write-Downs | online.wsj.com
KB, a lower cost builder, is benefitting from the perception that we have hit the bottom. We have not. Thus, the peak of the inside of the "W" is about to wane.
It's about TIME the Goverment takes action to stop these banks!
September 25, 2009
Singapore Toughens Rules on Home Loans | online.wsj.com
Banks are still supporting Developers for Brand new project sales at ' new market high prices' & yet they do not want to re-finance / restructure home loans of Under-Construction' units.Banks are taking a swipe at these mass market buyers loans & if they do not watch, they will face a mini-sub prime from these middle income speculators in the next 2 yrs.....Kudos for the Singapore Government for taking the preventive measures but more has to be done to encourage the bankers to do the 3 Rs for their existing clients. Re-schudule, retain & repackage
September 24, 2009
Savvy Retailers Snatch Leases Out Of Other Chains Bankruptcies | www.printthis.clickability.com
This article presents a common industry practice as being newsworthy and in the process, gets it all wrong. The practice of retailers taking over other failed retailer's locations has been going on since time immemorial. I guess it was a slow news day.
FDIC to create value "mark" by selling Corus portfolio
September 24, 2009
Corus Auction Promises Property 'Mark' | online.wsj.com
The FDIC is poised to sell approximately $5 billion in condominium loans and other property held by the failed Corus Bank. The winning investor will have the ability to acquire a high quality condo portfolio at a significant discount. This is the largest bulk sale of commercial property assets since the financial crisis began in October of 2008. This will be a key test of the U.S. commercial real estate values, thus establishing a benchmark for future transactions.
September 23, 2009
Don't Get Discouraged Buyers! | www.trulia.com
As a residential real estate broker who works with lots of new home buyers, this market is really leaving a bad taste in their mouth. Lengthier escrows and higher costs/fees are really discouraging new home buyers from purchasing their first home. The economical problems of the greater economy are clearly evident in the home buying process.
September 23, 2009
View of the Commercial Real Estate Market | paramountcapitalcorp.com
Intellectual capital in commercial real estate.
Pet Policies can affect the Value of High Rise Condominiums
September 23, 2009
Adjusting Philadelphia Condo Pricing | www.centercitycondos.com
Condominium Pet Policies and Resale ValueExclusionary pet policies can lower demand for any give condominium association. Low demand generally equates to a long time on the market for available condos for sale, and can drag down sale prices.
Title insurance in Thailand and other Asian destinations
September 22, 2009
Title insurance in Thailand | forbeslebrock.com
Up until recent times, the concept of private or individual land ownership was practically unheard of. In the ‘Middle Ages’ it was only the kings, Lords and the privileged few that were able to proclaim ownership to lands that had been conquered.
Globalization - Europe's CMBS Problem Echoes the USA
September 22, 2009
European commercial property owners face debt time-bomb | www.ft.com
This situation is a testament to the power of globalization.It will get worse before it gets better.But all real estate, finally, is local.The utility of overall averages is in assessing the vulnerability of the financial sector.
Who is kidding who regarding a recovery in commercial real estate
October 18, 2009
U.S. Helps Commercial Real Real Estate Lenders Pretend and Extend
October 15, 2009
The Jury Is Still Out On General Growth
October 8, 2009
FDIC to create value "mark" by selling Corus portfolio
September 24, 2009
The Condo-Hotel Gone Bad: A Particular Corner of Hell
August 24, 2009