Health Care REIT, Inc. Added to S&P 500
by Standard & Poor’s announced that Health Care REIT Inc. (NYSE:HCN) will replace Sovereign Bancorp Inc.(NYSE:SOV) in the S&P 500. Standard & Poor’s Announces Changes to …
Tag: real estate market conditions
Emerging Trends in Real Estate
The Urban land Institute’s Emerging Trends in Real Estate for 2009 came out with a picture of doom and gloom, predicting that in 2009, commercial …
Economic Emergency Stabilization Act of 2008
by The White House and Congressional Leaders finalized the Bailout Bill: Current draft of the Economic Emergency Stabilization Act of 2008. (from the Wall Street Journal) …
When Life Hands You Lehman, Make Lehman-Aid
Over the weekend, Lehman Brothers lost its interested buyers and got ready to file for bankruptcy. According to the New York Times, interested buyers wanted …
Opportunity Funds Overfloweth
National Real Estate Investor published a story by Joe Gose on the flow of capital into distressed property funds: Opportunity Funds OVERFLOWETH. “Opportunity funds concentrating …
Office Building Classifications
I was poking around for a definition of Class A buildings and had a hard time finding a solid definition. In BOMA’s Building Class Definitions, …
Retail in Russia
In last week’s Wall Street Journal, there was an article on Developers Diversified Realty Corp.’s plan to expand into Russia: Mall Developer Targets Russia. I …
Mapping Foreclosures in Massachusetts
The Boston Federal Reserve Bank has put together a great interactive map showing two decades of foreclosure activity in Massachusetts: Foreclosure Rates in Massachusetts Cities …
Rev. Proc. 2008-28 and Foreclosure Relief for Securitizations
The Internal Revenue Service issued Revenue Procedure 2008-28 [.PDF ] which provides for the modification of certain mortgage loans will not jeopardize the favorable tax …
A Tale of Two Property Markets
While commercial property owners are worried about property market, much of the commercial property market remains stable or strong. In contrast, the residential market is …
REITs still have a Buy Rating
In another sign that the commercial real estate sector is not in the same trouble as the residential sector, many REITs still have good ratings …
Commercial Properties Are Not Selling
Yesterday, I posted that commercial property prices are still increasing. Of course that does not mean there are many properties selling at these prices. As …
Commercial Property Prices are Still Increasing
Even though residential property prices are dropping like rocks around most of the country, commercial properties are still holding their value. The press release on …
Triple-A Failure
There is a great article by Roger Lowenstein appearing in the Sunday New York Times Magazine: Triple-A Failure. It runs through the process for converting …
Wachovia and Lender Woes
As WSJ.com is reporting, Wachovia Swings to Loss, Plans to Raise Capital. I noticed that Wachovia was retreating from some its lending relationships. The retreat …
Kimco Realty Corporation and Milton Cooper
There is nice piece in next month’s Forbes on Kimco Realty Corporation and Milton Cooper: Beyond the Big Box. “REITs have to follow certain rules …
The CMBS Market has Re-Opened
According to Bloomberg, Morgan Stanley and Bear Stearns Cos. sold the first commercial mortgage backed security of the year: Morgan Stanley Sells First Commercial Mortgage …
Securitization and Lax Mortgage Lending
The Chain of Fools is the title of The Economist‘s Economics Focus column. The article points to the increasing evidence that securitization lead to lax …
Macklowe and his Capital
According to the Wall Street Journal, Harry Macklowe is still battling his lenders and his lenders are battling each other over his New York skyscrapers: …
New York and London Office Markets
With the fall-out of the sub-prime loans, there is continuing good news in the commercial markets. London has surpassed Hong Kong to hold the position …