Posts Tagged ‘financial industry’
Commercial Real Estate Week in Review
June 12th, 2010 | 
Author: Commercial Real Estate Week in Review-June 6-12
-Obama to Congress: Get reform bills reconciled before G-20.
-GE Capital to cut real estate portfolio by 50%.
-Cassidy Turley looking to compete with Jones Lang LaSalle (NYSE: JLL) and CB Richard Ellis in commercial real estate.
-JP Morgan (NYSE: JPM) to potentially sell $700M+ in CMBS at 50bps higher than RBS (NYSE: RBS) did in April.
-Is the financial industry already changing before the regulations take effect?
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Posted in Week in Review | 
Tags: capital markets, Cassidy Turley, CB Richard Ellis, CMBS, commercial real estate, Congress, debt, Doubletree Bethesda, economic recovery, Ernst & Young, financial industry, financial reform, Fitch, foreclosure, GE Capital, Hammerson, jones lang lasalle, JP Morgan, Leadenhall Court, LNR, Obama, Pebblebrook, rbs, real estate, reform bill, REIT, REITWeek 2010, Tishman Speyer, Vornado | 
No Comments »
Top 10 Cities Facing the Next RE Bust
10. Las Vegas
What happens in Vegas depends on the rest of the American economy, and until Americans start to travel (and gamble) again, nearly one-fifth of Sin City’s commercial space will stay vacant.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Top 10 Cities Primed for Recovery
10. Tulsa (projected vacancy rate in 2010: 19.2 percent, up 2.2 percentage points from 2008). The oil and gas sector was an albatross in the 1980s, when Tulsa suffered from a severe energy bust. But in recent years energy (along with healthcare, aerospace, and government) has helped sustain Tulsa’s economy. Employment and economic growth are much better than national averages, and unlike in other cities, most big construction projects have stayed on track. With new buildings coming online, the overall vacancy rate will stay high until the economy fully rebounds. But it will worsen only slightly in 2010 and probably start to improve by 2011.
9. Pittsburgh (17.3 percent, up 2.4 points). This once industrial city wriggled out of the Rust Belt years ago, and the economy now revolves around medicine, technology, and higher ed. At 7.7 percent, the unemployment rate is nearly 2 percentage points lower than the national average. Few people got rich in Pittsburgh during the real estate boom, which seemed to pass the city by. But the bust has spared Pittsburgh as well, with home prices remaining more stable than in most other markets. That leaves the Steel City primed for a recovery. Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
