Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
October 15, 2009
U.S. Will Set Guidelines to Modify Commercial Real-Estate Loans | www.bloomberg.com
Commercial Real Estate loan losses pose a significant risk at FDIC insured institutions, according to Sheila Bair, Chair of the FDIC.Commercial property loans are behind many of the 123 bank failures of the past two years.
US Warehouse Market - More Downside Yet In Store
October 9, 2009
Worst May be Over for Warehouse Market | nreionline.com
The major warehouse space demand drivers are in decline. Unemployment is up, the dollar is down, credit is tight, container trade is shrinking and consumers are starting to save.Construction of new speculative distribution facilities has come to a virtual halt, but the large supply of new space added to inventories during the easy money binge of the last several years will take several years to fill. Older buildings will compete with new space putting significant downside pressure on rents.
Another Dose of Reality about commercial real estate
October 7, 2009
Office Rents Dive as Vacancies Rise | online.wsj.com
This article should be of no surprise other than to those eternal optimists or those that have a vested interest in purporting the opposite view.
Why this report is not a good Omen for the Commercial Real Estate sector
September 29, 2009
Stocks waver on housing, consumer confidence data | www.wtop.com
Once again the pundits got it wrong. The ever optimistic media and their un-named economists seem to have no clue about how bad the economy has been. Further, they have not figured out how this worst recession since the Great Depression will continue to affect people's spending and saving habits. They certainly have no idea how the commercial real estate sector will continued to be affected.
September 23, 2009
View of the Commercial Real Estate Market | paramountcapitalcorp.com
Intellectual capital in commercial real estate.
Globalization - Europe's CMBS Problem Echoes the USA
September 22, 2009
European commercial property owners face debt time-bomb | www.ft.com
This situation is a testament to the power of globalization.It will get worse before it gets better.But all real estate, finally, is local.The utility of overall averages is in assessing the vulnerability of the financial sector.
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.
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.
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.
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.
The Current Real Estate Downturn is Different
November 4, 2009
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
Why this report is not a good Omen for the Commercial Real Estate sector
September 29, 2009
September 23, 2009