Since Zoliath.com is in the business of helping companies in the commercial real estate industry market themselves, we are constantly reviewing company websites. More
Author Archive
CMBS delinquencies continue to rise
According to the attached article, CMBS delinquencies are up 268 percent from their low point in March 2007. Retail loans topped multifamily loans as the sector that contributed the most to the overall delinquency. The image below courtesy of Realpoint illustrates the steep climb and it appears as though we will still climb higher, at least through 2010 and possibly into the middle of 2011.
Link to article in Retail Traffic
Record number of retail properties on Distressed List, according to recent report
According to the attached article, Real Capital Analytics reported that $24.3 billion in retail properties have been identified as “distressed”, up from $7 billion 12 months ago. Does this national trend mirror your own market? We know that the retail sector has been the most volatile, given the lower earnings that have been posted by most retailers over the previous 24 months but aren’t we starting to see earnings and profits start to rebound? Is this just a case of “too little, too late”? Something else to think about: To what extent will hedge funds play a role in how lenders will deal with these properties? The article further states that many lenders are being pressured to get these loans off of their balance sheet which has led to an increase in note sales. Perhaps it’s time to check in with the lenders in your market once again.
Is it time to start investing again?
According to James B. Stewart (See article link below), the commercial real estate market may be close to hitting the bottom. He cites a 20-city composite index as one marker for his statements. While the “bottom” is going to happen at different times for each market, we all know that at some point every market will rebound. More
Article containing letter from Simon Property Group to General Growth (Offer)
For those of you who have heard about (but haven’t seen) the text of the letter sent by David Simon to Adam Metz, Zoliath is attaching the link. Link to Yahoo! Finance and article
Have you wondered why there are fewer business start-ups this time around?
In previous recessions as companies started the cycle of downsizing, the commercial real estate industry saw a fairly immediate slow down in deal activity. It would go something like this: As larger companies felt the pressure to reduce costs, employment would shrink, expansion plans would get put on hold and medium to large sized real estate deals would fall off the radar screen. More
The Economy: Upwards and Sideways in January
As investors in commercial property and other assets, you and I know full well the importance of knowing what’s happening at any given time to the economy as a whole. So when I came across the most recent report from the Institute for Supply Management, I paid close attention to what it had to say about where we are economically, and what that might mean to future investment appreciation or decline. More
Legal Aspects – Commercial Real Estate
By John Highman
A major pitfall for Commercial Real Estate Agents and Brokers when they first begin to list the property is that they inadvertently find themselves delving into aspects of law without the necessary deep experience. More
Commercial Liability Insurance Coverage Briefly Explained
Every business owner should be educated about insurance coverages before their business opens. Protecting your business and personal assets is of utmost importance. As you begin the process of educating yourself about business insurance, commercial liability insurance will often be the first coverage you consider. More
Short Sale Basics
By Christopher Horlacher, Esq.
What is a Short Sale?
A Short Sale occurs when a Lender approves the sale of a property for less than the amount that is owed on a mortgage or mortgages. The name, Short Sale, comes from the fact that the Lender’s payoff is coming up “short”. In fact, the lender will also be paying the real estate commissions and other closings costs. The sellers in a short sale typically cannot receive any funds from the sale. More
