GLG News by Self Storage Experts

At the same time the subject article was running, the New York Times and Los Angeles Times printed articles about the Federales pursuing the gangs on Tijuana’s streets and the mayor taking gunfire at home. This vast country of say 50+ million is looking more and more like its third world cousins...

Finally we have the first forecast of a housing recovery that seems believable. The five year forecast for Phoenix appeals to my sense of reality and I agree. I also agree that we will forget the current pain and euphoria will reign again.

No matter the price or terms of the B of A-Countrywide transaction, you’ve now got a combo that dominates the market in a way that looks like GM/Ford/Chrysler in the auto industry. In a business that was traditionally fragmented, twenty years of Wall Street activity in the era of the PC has rolled...

Every city has this problem. The public sector has little capability to meet the needs for streets, sewers, water systems, power grids and the other backbone items required to open for business every day. What’s fundable is patchwork and it appears we’re patching the patches too often now.

The time has arrived for the U.S. to pay the bill for illiquidity or rather the excesses of the last eight years of Republican economics. The prediction made in the article is for worse times than generally expected sooner than anticipated. The CMBS market is a dead issue right now with $...

"Modular" used to be a dirty word in the building industry, bringing up images of hucksters touting crackerjack-box homes plopped down on a street corner or a vacant lot.  Not any more and modular does not mean "mobile" as in double-wide trailer.  What is more,modular homes typically cost...

Here’s an example of a conversion from an older hotel property in an OK but not great location losing its momentum. The per unit cost of the renovation will prevent a reasonable return from being realized for the current owners. The only investment hope will come after the monetization of losses...

The financial basket includes the REIT’s and REOC’s and Homebuilders and Mortgage Lenders and Realtors we’ve funded so generously that overexpansion and speculation was the business rather than the production and operation of real estate.

Commercial real estate is a business of opportunity, and opportunity comes at its own pace. 

This article has the tenor of many articles written about the housing industry in say 2004. The initial tremors in the market are dismissed as a minor and temporary event to be followed by a steady rise thereafter.