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.
Posts in Commercial Real Estate Agents
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
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 real estate forecast uncertain
WASHINGTON, DC – November 19, 2009 – (RealEstateRama) — The recent deep economic downturn has had a pronounced impact on commercial real estate sectors, but credit availability is the big unknown that will determine how soon commercial markets recover, according to the National Association of Realtors®. Link to complete article in RealEstateRama
General Growth to exit bankruptcy by year-end
Chicago ( November 19, 2009 ) General Growth Properties expects 170 of its corporate entities to exit bankruptcy by the end of this year after reaching an agreement with creditors to extend loans, the mall operator told U.S. Bankruptcy Court in New York on Thursday. Link to complete article in Chain Store Age
Treasure Valley Industrial Vacancy Dips
The percentage of vacant industrial space took its largest dive since August 2006 in October, falling from 12.4 percent to 11.9 percent… Idaho Business Review
Spokane, Washington Retail Market
While the retail market in much of the country has taken a black eye, Spokane has faired far better. More
The Renaissance of Digital Communications in Marketing Commercial Real Estate
Competition between software producers such as Adobe, Microsoft, and Google has produced mature, incredibly talented digital communicative capabilities. More
Commercial vacancies hit historical highs in Treasure Valley
Office, industrial and unanchored retail real estate vacancies all hit historic highs in the Treasure Valley last month… Idaho Business Review
