Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Foreclosures: The Key to the Real Future of Las Vegas
September 21, 2009
New Homes Back in Play for Las Vegas Buyers | www.lvrj.com
Las Vegas housing statistics for August continue to suggest that the residential market is scudding along a bumpy bottom, struggling to find stability in sales, inventory and pricing.But the big story in the August data for the Las Vegas residential market can be summed up in a single word: Foreclosures.
Boston Class A rents to begin to rise first quarter 2010
September 20, 2009
How low can Boston Office Rents Go? | www.bankerandtradesman.com
The Class A market in the Boston CBD registered positive absorption in the third quarter of 2009, reversing several quarters of occupancy shrinkage in the city. While A absorption will be moderate through the second quarter of 2009, rents will reach an average level of $44.50 by the end of the year 2009 and begin to rise slowly thereafter.
Small May Not Be Beautiful, But Big Is Usually Ugly
September 19, 2009
Govt Working on Real Estate Regulator for Housing Sector | www.indianrealtynews.com
The easiest way to smother property rights and destroy wealth is to over-regulate it.The proper role of government regulation is not to supplant private market activity, but rather to provide, in this case, such things as a registry of ownership, and a venue to resolve disputes.So, if government wants to establish a "land agency", it can either facilitate ownership, transfer, and (incidentally) taxation, or it can try to supplant existing private contractual avenues.
Investors Are Finally Dealing With The Real Seller of Troubled Assets
September 19, 2009
FDIC Packages Loans From Failed Banks | www.washingtonpost.com
The FDIC has rediscovered a program they used in the early 90s that was successful in the resolution of problem assets. My analysis takes a closer look at why the program is necessary, the details of the program, and the implications of setting the program in motion.
September 19, 2009
Buyout Fund Contemplates a REIT Turn | online.wsj.com
Mr. Baker, CEO of NRDC, (the company who showed such bargain hunting skills when they paid top dollar for the now defunct Linen'n Things and the rapidly declining Lord & TTaylor) plans to start a new REIT. Does anyone think he can really do a better job of buying distressed shopping centers than the pros like The Weingarten Co. or DDR?
September 18, 2009
Blockbuster To Shutter 40% Of Stores | online.wsj.com
Only two days ago I reported that Blockbuster announced it was closing 1000 stores. It has now revised that number to 1500 or 40% of their total. What does this sudden increase say about their chances for survival?
Dear Bankers of America: Welcome to the Hotel Business
September 17, 2009
Hotels Deliver Some 'Jingle Mail' | online.wsj.com
When America’s bankers open the mail these days, they’re often finding “hotel jingle mail,” the proverbial keys to hotels that owners have walked on. Combine these forfeited hotels with foreclosed hotels and bankers are now among America’s biggest hotel owners. What do bankers need to know in order to be successful hoteliers...for as short a period of time as possible?
Air Infiltration - A Major Contributor to Residential Energy Loss
September 15, 2009
Michigan Utilities offer energy efficiency rebates | www.businessweek.com
Energy Efficiency Myth: To improve the energy efficiency of a home, just add more insulation.Energy Efficiency Fact: To improve energy efficiency of a home, control air infiltration
Development Of New Shopping Centers In Europe
September 13, 2009
Shopping centre development in Europe is set be at its lowest level in five years in 2010 and 2011 | www.propertyweek.com
The new shopping centers under development in Europe have some common elements of design to attract the public, like entertainment, convenient parking etc. These elements will impact existing older centers and give the shoppers a new experience combined with family activities, dining and entertainment at the newer facilities.
September 10, 2009
New frugality is the new normal, by necessity | www.wtop.com
Bob Kanter's careful analysis of this article did not mention the huge backlog of previously announced department store closings which will undoubtedly have a "domino" effect on the FFO of all major mall REITs.
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