Commercial Real Estate Finance

Posts Tagged ‘Grubb & Ellis’

Week of March 21-27

- Legislation to overhaul the financial-regulatory system appears to be gaining momentum, and key republicans acknowledge that the measure likely will pass.

- Dubai offers $9.5 billion to back Dubai World’s debt restructuring.

- General Growth Property’s bankruptcy reorganization proposal is expected this week.

- The U.K. government is planning to tweak REIT regulations to allow them to pay dividends out in stock instead of cash.

- Investment funds are going straight to bankruptcy court records to find distressed investment opportunities as few of these transactions come to market.
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CRE Investing Advice from Grubb & Ellis and Invesco AIM

Insight into the Current Outlook for Hospitality

For years, tenant representation firms like Studley argued during their pitches to clients that by representing tenants and tenants only, they truly had their clients’ best interests at heart…there was no conflict of interests.  National giant firms like CBRE, Grubb & Ellis, and Cushman & Wakefield, who often represented both landlords and tenants, would always make the counterpoint that because they represented so many landlords, their data was better, and therefore they could provide their tenant clients with the most accurate and up to date information in the marketplace, and therefore provide the best deals in the marketplace.  This is a psychological battle that continues today, with no clear winner.  The victor usually is the one who can convince the client that their line of thinking is the logical one. Read the rest of this entry »

The Week of August 22-28

- Why you should never believe what a developer says about their own project.

- Could retail really rebound so soon?

- A Spanish acquisition has created the 15th largest U.S. commercial bank.

- According to the Distressed Commercial Real Estate Journal, August saw the total of distressed assets climb above $114B.

- Has the hospitality sector hit bottom?  One player thinks so. Read the rest of this entry »

The Week of August 15-21

- Abercrombie & Fitch may be losing its shirt(s)

- A 1200 unit apartment portfolio on Long Island obtained a $77M refi.

- The Fed Treasury Announced a TALF extension.

- Stalin would never let this happen with $1.5 billion.

- Here comes Chinese money…again…this time to buy U.S. mortgages through PPIP. Read the rest of this entry »

The Week of July 18-24

-And the list of failed banks keeps growing, and growing, and growing…

- Most news suggests, and has suggested for a while now, that the hotel sector is in the doldrums.  This news suggest the opposite.

- This just in!  Banks might actually have a plan for the glut of REO they will be facing.

- Zions Bancorp is preparing for the worst by benching 3/4 of a billion bucks. Read the rest of this entry »

The Week of May 22-29

- The 177-Store anchor Blue Denim chain filed for bankruptcy.

- HUD took action against 120 FHA -approved lenders earlier this week.

- Grubb & Ellis reported Wider Quarterly, and Yearly Losses.

- A new report came out detailing that Manhattan Sales have reached a 25 year low.

- FHA announced it is allowing first time home buyers to sue the much ballyhooed tax credit towards their down payment.

- Fitch Ratings has downgraded First Industrial.

- Giant real estate player Tischman Speyer has announced they will sell some California assets to pay down debt.

- News broke on Tuesday that two more banks have failed.

- Sequoia Equities announced the acquisition of a $75M multifamily luxury apartment complex in Orange County, CA.

- S&K Menswear will be closing all remaining stores in bankruptcy

- A Westin hotel developer accused a local councilman of extortion.

- Sunstone sold a 274-room Marriott.

- Paramount Realty bought a prime retail center.

- Freddie Mac could help out the commercial backed securities market with
K-Certificates.

- LandAmerica sold 6 of its subsidiaries last weekend.