GLG News by Self Storage Experts

It’s hard to believe that the formerly largest industrial city in the nation has fallen on hard times for jobs.  But apparently so be it as the last remaining king, the Garment industry, is about to topple.  Just yesterday the entertainment industry was king here too, but we know its influence...

Staggering numbers are presented here.  Seniors increasing from almost 5 million to 11 million in 30 years, critical shortages of skilled/professional labor with 1/3 of California’s high school students not graduating, and unparalleled diversity in a huge population. 

Foreclosures,tax increases,land devaluations and a sour economic outlook  for the remainder 2008 have forced municipalities and counties to look at fat trimming measures which hurt the least number of citizens.  The recently passed Amendment One forces local governments to limit tax increases...

The points of this article that I find important are the comments regarding property owners running out of money/cash in the commercial property sectors as they have in the homebuilding arena, and the comments regarding the overall strength and performance of   the companies that form the...

It appears that we have been doing nothing economically during the current administration except gorging in a huge consumption and speculative binge and conducting war in the Middle East.  The subject article proposes that we will pay for this during the next administration and beyond as we rebuild...

The nation's homebuilders have an enormous inventory problem and it is not limited to only completed homes sitting idle on the market.  Many builder-developers with planned for housing communities have seen the blueprints shelved as existing home sales have stalled and new homes garner little more...

Vacant properties invite a host of ills including vandalism,neglect,arson,and even destruction by former owners.  REO managers must have a set of preemptive security tools at hand to protect against deliberate damage and,as much as possible, the unpredictable forces of nature. ...

In my mind, the debate as to housing affordability and commercial real estate viability is over.  The game is lost as $ 21 trillion in housing value will become $ 15 trillion in the next few years and commercial real estate values will drop 25 to 50 % on the average in the next few years. 

Home sales have continued to be sluggish this year, with existing home sales down nearly 24% in February compared with February 2007, according to the National Association of Realtors. New home sales fell to a 13-year low in February, according to the U.S. Commerce Department.  Federal legislation...

If the subject analysis is realized, the return of Wall Street to advisory services will return real estate debt to the portfolio lenders.  Goodbye to the CMBS market as well as the sub-prime market.  In fact, Wall Street itself will be a unit of major banking institutions.  The major...