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June 20, 2008When Reality Strikes...Many can't handle the Truth
Analysis of: Suburban Offices lose their allure as tenants in the City wait out the slump | washington.bizjournals.com
Author: Robert Canter, President-Founder, Performance Realty Solutions, LLC
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...
June 10, 2008Finally an honest assessment of commercial real estate conditions
Analysis of: Commercial property in a world of hurt | www.financialweek.com
Author: Robert Canter, President-Founder, Performance Realty Solutions, LLC
Fasten your seatbelts because its going to be a bumpy ride. As this is just the beginning of a down cycle in commercial real estate, there will be a major shake out or as some have said a culling of the herd.
June 9, 2008The totality of incompetence by industry analysts, industry trade organizations and news outlets...
Analysis of: Rocky Road...What’s Next for the CMBS Market | www.realestateportfolio.com
Author: Robert Canter, President-Founder, Performance Realty Solutions, LLC
The ECONOMIC news is not getting any better, as a matter of fact its getting worse. And yet there are still those in the commercial real estate industry that keep looking for the silver lining as if that is what is going to save the day. What this does is create false expectations which by...
May 21, 2008Further confirmation the commercial real estate market has a downward bias...how long and deep will this decline become?
Analysis of: Regional Office Leasing Activity Lowest Since 1995 | www.washingtonpost.com
Author: Robert Canter, President-Founder, Performance Realty Solutions, LLC
Now that the numbers are coming in, there is no doubt the commercial market has just begun to feel the pain this writer has been predicting. The only question is far down can the market go and for how long. All indications are it will be a decent decline probably not the worst in terms of historical...
May 1, 2008”The recent run-up in financial stocks appear to be just another head-fake”... but where is the silver lining in all this?
Analysis of: Hopes for Bank Profit Upturn Sour on More Pleas for Capital | online.wsj.com
Author: Robert Canter, President-Founder, Performance Realty Solutions, LLC
What the subject article is telling us, there is a lot of fools gold out in the market. As my previous post suggested, Wall St. can not be trusted. So this leaves investors in a real quandary as to where to plant their money. Knowing this and understanding that corporate earnings are under major stress,...
April 29, 2008The Truth hurts but we better start getting used to it
Analysis of: The Bottom Is Up Ahead | www.washingtonpost.com
Author: Robert Canter, President-Founder, Performance Realty Solutions, LLC
As the article so vehemently proposes, the worst is yet to come. The bottom of the commercial real estate down cycle hasn’t even been reached yet and there are those who are claiming the return of the good times are just around the corner. Is this a fantastic case of wishful thinking or do these folks...
April 21, 2008Further confirmation about the extent of the current crisis and when it might end
Analysis of: Financial “terrorism” hits property market | www.pionline.com
Author: Robert Canter, President-Founder, Performance Realty Solutions, LLC
As the article refers, the current credit crisis will be with us for quite a while. The ripple effects are great and deep. As this article points out there are new investment funds that are being created for the sole purpose of picking on the carcasses of distressed real estate debt and the properties...
March 31, 2008Why most people don’t see or “choose not to see” the on coming head-on economic crash coming their way?
Analysis of: End of Cheap Credit Hits Homes, Businesses | www.washingtonpost.com
Author: Robert Canter, President-Founder, Performance Realty Solutions, LLC
It boggles the mind that so many in the business world and particularly in the commercial real estate industry don’t heed the dire and unprecedented actions being taken to stave off an economic collapse last seen during the Great Depression. Just look at the recent Federal Reserve actions and if that...
March 11, 2008Once again another Optimistic View...this time from Moody’s
Analysis of: Malls, Offices May Slump Less Steeply Than Homes | online.wsj.com
Author: Robert Canter, President-Founder, Performance Realty Solutions, LLC
Moody’s is one of the main “bad actors” in the whole credit mess. They are one of the main rating agencies that gave triple A ratings to what are now considered junk status for the collateralized bonds. In my estimation they have ZERO credibility. Of course they don’t want to admit the commercial market...
February 26, 2008No Bottoming Out Soon
Analysis of: Existing Home Sales Decline | biz.yahoo.com
Author: Dennis Cisterna, Principal, American Pacific Development
Unsold inventory is at an extremely high level, which will be increased significantly as mortgage foreclosures continue to ramp up through 2008. The median home price has dropped only 4.6% year over year. Even with historically low interest rates, the credit crunch will continue to suppress...
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