Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
September 10, 2009
Oaktree may court New City Creditors after Lone Star Failure. | www.bloomberg.com
What exactly lies behind LoneStar’s second failure to secure Japan’s bankrupt REIT? Totally different ways of doing business and, perhaps, lack of local knowledge .
FHA Likely To Be The Next Shoe To Drop
September 9, 2009
Loan Losses Spark Concern Over FHA | online.wsj.com
Decisions about the FHA will have a big impact on the housing market, especially since the FHA’s market share of the housing industry has grown substantially over recent years. With its insurance fund possibly running low, the FHA may be pressured to reign in risk and tighten lending requirements.
Investors Are Back in Full Force
September 9, 2009
Florida housing gaining strength | www.huliq.com
Investor homebuyers have returned, with fewer of them flipping the homes they buy and instead opting to rent them out. While investor activity varies greatly by market, the upswing in sales in some markets may be attributed to this increase in investor activity.
Appraisals Impact Sales Price, But Not Cancelations
September 9, 2009
Appraisal Angst | www.nxtbook.com
Builders are facing issues due to the new changes in the HVCC appraisal code. While for the time being they are adjusting their prices to keep their sales, the impact of these changes for the new home construction industry is yet to be seen.
September 9, 2009
New Fannie Mae Condo Regulations Could Stifle Condo Demand | www.nuwireinvestor.com
Despite the new Fannie and Freddie regulations restricting mortgage financing, a condo project by Standard Pacific in Torrance, California is thriving. The success comes from knowing their buyer and structuring financing options.
Florida's Construction Industry is on Life Support
September 9, 2009
No Sunshine in Florida | business.theatlantic.com
In Florida, construction has practically stopped, and permits are continuing to decline. However, conditions are excellent for potential home buyers, and a significant increase in renters-turned-buyers could kick-start Florida construction out of its stupor.
Commercial real estate will not benefit from the end of the current recession.
September 8, 2009
New frugality is the new normal, by necessity | www.wtop.com
News headlines of the past few weeks have the spin doctors trying their best to make us believe the worst is over for this current recession…however if you read between the lines you should not get too excited as any recovery is many years away. We all need to get used to the “new normal” as the subject article suggests. To do otherwise could be financially fatal.
Mall Landlords and the Aspirations of Forever 21
September 4, 2009
Forever 21 Announces Six New Stores at GGP Malls; Retailer Continues to Backfill Vacant Department Stores | www.costar.com
Forever 21 is opening in six quality General Growth Properties regional malls in 2010. The total size of these units is nearly 600,000 square feet, averaging almost 100,000 sq. ft. per unit. This is a dramatic shift upwards for Forever 21 in terms of their store sizes. Forever 21 has historically operated as an in-line tenant in regional malls with units sized in the 8,000-12,000 sq. ft. range. What is the impact on Forever 21, other mall retailers and landlords?
Boston's Fear of Heights and of Greatness
September 2, 2009
Massachusetts Says Skyscrapers Too Tall | www.boston.com
Boston's government planners and endless rank of quasi authorities and neighborhood groups live in utter fear of tall buildings. I state the reason why tall buildings are necessary and preferred in an urban context..The average Bostonian and the wise planner likes tall. It improves density and it makes our spirits soar. We don't need to be a city of squat, brick buildings. We have plenty and I like all of them as well. But not on our new vistas and parks.
September 2, 2009
Hope can fuel bulls' charge as stocks rally despite worries | www.usatoday.com
We believe that the recovery will be W-shaped and that April was only a false bottom. Our estimate is that there will be a slowing beginning in December, and that we will hit the true bottom in summer of 2010.
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