the-commercial

Costar…

The number of loans that banks have to classify as troubled debt could increase dramatically in a few weeks as a result of new accounting rules issued last month. The new push to reclassify some loans is already hurting some lenders, and the reclassifications are expected to shine a spotlight on the commercial real estate lending practice that has come to be known as “extend and pretend.” New accounting standards issued by the Financial Accounting…

Original post:
More Transparency Coming to Hidden Costs of ‘Extend & Pretend’ Strategies

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A modest improvement in the commercial real estate market caused a slight price decrease of auctioned commercial loans in March, according to a new report. The aggregate value of commercial real estate ( CRE ) loans priced …

Excerpt from:
Commercial Loans | C.R.E. Loan Prices Decrease Slightly In March …

Video: FM Global’s Subramaniam Discusses History of Insurer

April 19, 2011

April 19 (Bloomberg) — Shivan Subramaniam, chairman and chief executive officer of FM Global, talks about the history of the commercial property insurer. He speaks with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)

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Whistling Thru the Graveyard: Could CRE Follow Housing into Another Trough?

April 14, 2011

Housing and commercial real estate are seemingly going in opposite directions nationally with housing prices and sales totals continuing to fall and CRE markets taking steps toward recovery. However, the fear of a double-dip housing recession is tangible – if not real – and continues to tug naggingly on the CRE industry. When the recession began in 2007, the commercial real estate markets declines lagged but eventually paralleled the declines of…

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Are Rule Makers Backing Off New Accounting Standards For Leases?

March 3, 2011

Two international accounting authorities appear to be moving to scale down proposed new standards that would require landlords and tenants to account for real estate and equipment leases as assets or liabilities on their balance sheets. Many in the commercial real estate industry regard the new rules as onerous, dramatically increasing the complexity of leases for both landlords and tenants. At a joint meeting in London of the Financial Accounting…

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2011 Brings a Resurgent CMBS Market, More CRE Liquidity

February 23, 2011

CMBS activity has flourished in the past few weeks with more than $6.5 billion in new securitization coming to market. In addition, Freddie Mac brought two multifamily-backed offerings totaling $1.86 billion to market. The activity in February alone is almost two-thirds of all CMBS deals offered last year – and for some is reminiscent of 2007 when commercial mortgage-backed securities offerings were at their peak, which has the commercial real…

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Latest Repeat Sales Analysis Finds CRE Pricing Holding to SeeSaw Pattern

February 16, 2011

CoStar’s Investment Grade Repeat-Sale Index (CCRSI) increased nearly 7% nationally for the month of December, continuing the recent up-and-down seesaw pattern observed in monthly pricing data for commercial property. While the commercial real estate pricing index is still below levels from two years ago by 20%, the investment grade property index finished 2010 with a positive increase of 8% for the year. From its peak in July 2007, the Investment…

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Latest Repeat Sales Analysis Finds CRE Pricing Holding to SeeSaw Pattern

February 16, 2011

CoStar’s Investment Grade Repeat-Sale Index (CCRSI) increased nearly 7% nationally for the month of December, continuing the recent up-and-down seesaw pattern observed in monthly pricing data for commercial property. While the commercial real estate pricing index is still below levels from two years ago by 20%, the investment grade property index finished 2010 with a positive increase of 8% for the year. From its peak in July 2007, the Investment…

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CoStar Q&A: Rich Walter of Faris Lee On Opportunities for Retail Investors

January 19, 2011

Faris Lee Investments, an advisory and brokerage firm specializing in retail real estate, recently added senior-level brokers and opened offices in several markets as part of a national expansion, including new offices in Phoenix, Las Vegas, Atlanta and Orlando. The Irvine, CA-based firm plans to extend into other markets as well. Faris Lee Investments President Rich Walter, who has more than 30 years experience in the commercial real estate and…

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CRE Sales Deal Volume Returning to ‘Normal’ Levels

January 6, 2011

If the third and fourth quarters of last year are any indication, then deal volume is returning to the commercial real estate investment sales markets. According to CoStar COMPs, sales volume for commercial property nearly doubled from about $22 billion of deals in the first quarter of 2010 to almost $36 billion in the fourth quarter – a number that will likely increase as CoStar finalizes its quarterly tally and confirms the flurry of deals signed…

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Tongxin International Ltd. Announces New Appointments to Global Management Team

December 22, 2010

CHANGSHA, CHINA–(Marketwire – December 22, 2010) – Tongxin International Ltd., ( PINKSHEETS : TXIC ), a China-based manufacturer of engineered vehicle body structures (“EVBS”) and stamped parts for the commercial automotive industry, today announced the appointment of Arthur Tu as Vice President of Finance of its China Operations and Tom Chang as Vice President of Finance of its North America Operations. 

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Has the CMBS Market Finally Turned the Recessionary Corner?

November 11, 2010

For the past 12 months, activity in the commercial mortgage-backed securities (CMBS) market has been ever so slowly building momentum. U.S. CMBS loan delinquencies declined last month for the first time in 33 months. The market is also finally seeing…

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Uncertainty Weighs Heavily Over Fourth Quarter Outlook

September 30, 2010

Typically by October, the commercial real estate industry can see its way clearly through the end of the year, with a pretty good idea of what can be accomplished and how the rest of the year will play out. But these are not usual times. The loads of…

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Video: Staubach Says Problems Remain in Commercial Real Estate: Video

September 13, 2010

Sept. 13 (Bloomberg) — Former Dallas Cowboys quarterback, a member of the Pro Football Hall of Fame and chairman of the Americas at Jones Lang LaSalle Inc., talks about the commercial real estate market and funding for new football stadiums. Staubach, who led the Dallas Cowboys to Super Bowl titles in 1972 and 1978, speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

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Latest CMBS Data Show More Secondary Markets Doing Better Than Some Larger Markets

August 31, 2010

The summer has brought little relief to metro areas experiencing the most distress on loans held in the commercial mortgage-backed securities (CMBS) universe. However, two markets have seen a noted improvement in their respective levels of CMBS loan distress…

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Video: Thomas Brown Discusses Commercial Real Estate, Banks: Video

August 2, 2010

Aug. 2 (Bloomberg) — Thomas Brown, chief executive officer of Second Curve Capital LLC and a Bloomberg Television contributing editor, talks about the commercial real estate market and its impact on the banking industry. Brown talks with Scarlet Fu and Jon Erlichman on Bloomberg Television’s “In the Loop With Betty Liu.” (This is an excerpt of the full interview. Source: Bloomberg)

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Outlook Foresees Increasing Amount of Distressed CRE Debt Investing

April 14, 2010

While much of the commercial real estate investment focus over the past several months seems to have been geared towards debt, according to a new report from Ernst & Young, even the market for distressed mortgages has been dormant — but it may now be…

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Vitaliy N. Katsenelson: China — The Mother of All Black Swans

April 3, 2010

Chinese economy has tremendous overcapacity in the commercial and residential real estate and industrial sectors as you see from this presentation: China – The Mother of All Black Swans – By Vitaliy Katsenelson

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Video: Real Estate Spotlight

March 12, 2010

Discussing the commercial real estate market with Bill Rudin, CEO of Rudin Management, and Matthew Lustig, of Lazard Freres Real Estate Partners. (CNBC) Real estate – Commercial property – Business – Lazard -

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Signs of Hope Seen in Investment Sales Activity

March 3, 2010

Large dollar property sales seem to be emitting faint sparks of hope for the commercial real estate outlook so far in 2010, particularly in the multifamily and hospitality sectors. To be certain, the number of property sales with price tags of $5 million…

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How To Become An Effective Commercial Mortgage Intermediary

February 13, 2010

A large number of residential loan intermediaries have entered the commercial real estate finance industry in the past few years. The majority of these intermediaries have little or no training with complex commercial real estate transactions. FOR

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CoStar Group Purchases a 2008 Class A LEED Gold-Certified Office Building

February 5, 2010

BETHESDA, Md., Feb. 5, 2010 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP) the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced the Company has purchased an office building at 1331 L Street, N.W. in Washington, D.C., through a wholly owned subsidiary, for $41.25 million where it plans to locate its Headquarters.

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iStar Financial Sets Fourth Quarter and Fiscal Year 2009 Earnings…

February 5, 2010

Financial, Inc. (SFI) iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the fourth quarter and year-end 2009 on

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iStar Financial Announces Tax Treatment of 2009 Dividends

February 5, 2010

See more news releases in: Banking & Financial Services, Real Estate, Commercial Real Estate, Dividends NEW YORK, Feb. 5 /PRNewswire-FirstCall/ — iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial

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CoStar Group to Report Fourth Quarter and Full-Year 2009 Financial Results on February 24, 2010

February 1, 2010

BETHESDA, Md., Feb. 1, 2010 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, will announce financial results for the fourth quarter and full year of 2009 following the market close on Wednesday, February 24, 2010. Management will conduct a conference call to discuss the fourth quarter results and the company’s outlook for 2010 at 11:00 AM EST on Thursday, February 25, 2010.

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Sam Zell says buy commercial debt, not property: Noted distressed asset investor pushes cross-border airport in Otay Mesa

January 30, 2010

(McClatchy-Tribune Informa) Real estate and newspaper tycoon Sam Zell sees great opportunity in the commercial real estate market, despite other experts’ predictions of doom, he said Friday at a conference in San Diego

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So, About the Collapse in Commercial Real Estate…

January 25, 2010

To say that there is an air of pessimism in the commercial real estate (CRE) market would be something of an understatement. With ominous terms like “tranche warfare’” and “debt stack” being tossed around, and fears mounting over the health of U

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So, About the Industry’s Collapse

January 25, 2010

To say that there is an air of pessimism in the commercial real estate (CRE) market would be something of an understatement. With ominous terms like “tranche warfare’” and “debt stack” being tossed around, and fears mounting over the health of U

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Cash-laden trusts lift commercial real estate (The Globe and Mail)

January 19, 2010

Well-financed real estate investment trusts that hoarded cash during the recession are lifting the commercial property sector out of one of its worst slumps in a decade.

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Commercial real estate feeling recession’s impact (Fort Worth Business Press)

January 18, 2010

All indicators show the commercial real estate depression that has gripped the country for the past year has started to appear in Tarrant County as vacancy averages in two of the local industry sectors are reporting higher numbers than the national averages.

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Industry Takes Stock of Shifting Landscape in Wake of Colliers, Cassidy Rebrandings

January 12, 2010

Details continued to emerge this week about two of the most significant changes to the commercial real estate brokerage landscape since 2008, the rebranding and uniting of Colliers International and FirstService Real Estate Advisors (REA) and the impending…

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Video: Boston’s Zuckerman Discusses Commercial Real Estate: Video

January 8, 2010

Jan. 8 (Bloomberg) — Mortimer Zuckerman, chairman of Boston Properties Inc., talks with Bloomberg’s Lori Rothman about the outlook for the commercial real-estate market. (This report is an excerpt. Source: Bloomberg)

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District of Columbia Offers $6.1 Million Tax Abatement for CoStar Group to Relocate Headquarters

January 7, 2010

BETHESDA, Md., Jan. 7, 2010 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP) the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced the Council of the District of Columbia approved the offering of approximately $6.1 million in real estate property tax abatements over a 10-year period, if CoStar Group relocates and hires 100 District residents. In addition, CoStar Group may be eligible for additional incentives such as a five year elimination of District corporate income tax and certain sale and use tax exemptions.

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Economy will continue to weigh down the commercial real estate sector this year (The Press-Enterprise)

January 4, 2010

The economy will continue to weigh down the commercial real estate sector this year, but a company with a heavy presence in Inland Southern California believes the free-fall is probably over.

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Fear and Hoping in Commercial Real Estate

December 29, 2009

Hope and fear are overlapping in the commercial real estate industry on this eve of a new decade. The industry doesn’t know whether to look out for it or look forward to it. On the one hand, the

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Christine Dougherty: Taco Bell’s New Spokesperson Claims She Lost 54 Pounds Eating Fast Food (PHOTOS)

December 29, 2009

Has Taco Bell found their own Jared? Christine Dougherty, a new spokesperson for the company, says she lost 54 pounds in two years by eating “Fresco” menu items at Taco Bell instead of her normal fast food choices. Of course if you read the fine print in the commercial it also says Christine was limited to 1,250 calories a day, only 50 calories above what most doctors will tell you is the minimum amount a woman should eat daily. Taco Bell shields itself repeatedly in their new ads and Website by saying “These results aren’t typical,” these are “not low calorie foods,” and the “Drive-Thru Diet® menu is not a weight-loss program” but it is after all called the “Drive-Thru Diet” so the intent is clear: Taco Bell is trying to rebrand itself as a healthy alternative. Going back to the fine print we see that the Fresco Menu “can help with calorie reductions of 20 to 100 per item compared to corresponding products on our regular menu.” 20 calories off a fast food meal doesn’t seem like much help, but each menu item is below 350 calories –a far cry from their 1,000 calorie “Volcano Nachos.” Jared Fogle, the Subway weight-loss spokesman who helped make the company millions, was recently caught looking less than skinny . This both makes room for Christine and casts doubt on these types of diets.

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Fear and Hoping in Commercial Real Estate (CoStar Group)

December 29, 2009

Hope and fear are overlapping in the commercial real estate industry on this eve of a new decade. The industry doesn’t know whether to look out for it or look forward to it. On the one hand, the industry is grateful that 2009 is coming at long last…

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A Hopeful Sign for Manhattan’s Shaky Office Market (New York Times)

December 22, 2009

The coming year is almost certain to be brutal for the commercial real estate industry in New York. More landlords will be unable to hang onto their buildings or refinance their mortgages, swelling the inventory of distressed properties.

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Cary complex sold at auction (The News & Observer)

December 11, 2009

Cary Brook, an apartment complex that was bought by a New York City real estate company at the peak of the commercial real estate boom, was foreclosed upon and sold at auction in October for $8 million less than the previous owners paid 21/2 years ago.

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Cary complex sold at auction (The News & Observer)

December 11, 2009

Cary Brook, an apartment complex that was bought by a New York City real estate company at the peak of the commercial real estate boom, was foreclosed upon and sold at auction in October for $8 million less than the previous owners paid 21/2 years ago.

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Video: Zell Doesn’t See New Building in Commercial Real Estate: Video

December 11, 2009

Dec. 11 (Bloomberg) — Billionaire investor Sam Zell talks about the commercial real estate market and the outlook for the U.S. economy. Zell spoke at a real estate conference at the New York Stock Exchange. Bloomberg’s Carol Massar and Matt Miller also speak. (Excerpt. Source: Bloomberg)

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Rise in global distressed sales

November 26, 2009

Over 80% of key real estate markets around the world have seen a rise in distressed sales in the commercial property market, according to new research – the survey by the Royal Institution of Chartered

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Commercial Real Estate Down, But Not Out

November 23, 2009

there is some good news in the commercial property industry as well. The number of transactions in commercial real estate are up by just under 1% for the third quarter, which is the first such rise seen in the last two years. Despite that optimistic

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Greenspoon Marder Reveals ‘Secret Weapon’ in Attack on Distressed Real Estate Market (PR Newswire via Yahoo! Finance)

November 20, 2009

The law firm of Greenspoon Marder, P.A. is taking an unconventional approach to an unusual real estate market. The firm recently hired a Director of Real Estate Services to capitalize on real estate opportunities developing in the commercial and multi-family markets.

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London Firms Pool Expertise On CMBS Fund

November 15, 2009

Londonbased TwentyFour Asset Management and real estate investment investment company Rutley Capital Partners have launched a fund that will invest in the commercial mortgagebacked securities market

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JLLH Updates Debt Market Commentary

November 6, 2009

briefly eclipsed 10,000representing a psychological win for the equity markets. Clearly, challenges still remain within the commercial real estate sector, given that commercial real estate tends to be a lagging indicator, but the long healing process has

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Commercial property market to hit bottom in 2010, report says

November 6, 2009

After spending more than a year in suspended animation, the commercial real estate industry is expected to hit bottom in 2010 with a wrenching thud. Owners of business properties such as office buildings, warehouses and malls will suffer a surge of

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Office market to feel more pain

November 6, 2009

Commercial real estate faces surge of defaults as it reaches bottom X Text Size After spending more than a year in suspended animation, the commercial real estate industry is expected to hit

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CoStar Group Named One of "America’s 200 Best Small Companies" by Forbes Magazine

November 3, 2009

BETHESDA, Md., Nov. 3, 2009 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced that it was named one of “America’s 200 Best Small Companies” by Forbes magazine. The annual ranking appeared in the issue dated November 2, 2009 and on Forbes’ website at www.forbes.com/200best.

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