Commercial Real Estate Finance

Posts Tagged ‘jones lang lasalle’

Take a look at this ranking of the Top 10 Most Transparent Real Estate Markets in Asia, which we originally published at the end of last year. This ranking comes from the Global Transparency Index published by Jones Lang LaSalle (NYSE: JLL) (here’s the PDF). Note that the increasing lightness of the text indicates greater overall transparency (clever, right?).

10. Indonesia

9. Philippines

8. China (Tier 1)

7. Taiwan

6. Japan

*5. Malaysia

4. Singapore

3. Hong Kong

2. New Zealand

1. Australia

Malaysia is an interesting place. As you can see from the ranking above, it is one of the better Asia-Pacific markets when it comes to the availability of reliable comps and other market information. Home to Petronas Towers–two of the highest skyscrapers in the world–and an increasingly global economy, Malaysia is seeing an increasing influx of foreign CRE capital. Still, transparency-wise, Malaysia isn’t in the highest tier of markets in the region (Australia and New Zealand) and is only considered “transparent” (as opposed to “highly transparent”) by the analysts over at Jones Lang LaSalle. On a worldwide ranking of market transparency, Malaysia appears at #23 (between Austria and the Czech Republic), while Hong Kong and Singapore are much higher.  Read the rest of this entry »

Jones Lang LaSalle (NYSE: JLL)’s Ben Havery discusses the conditions affecting industrial and logistics-oriented assets:

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Today, we have two interesting videos from the busy researchers over at Jones Lang LaSalle (NYSE: JLL). First, we have an interview with Steve Ondrejack,  VP Logistics for Modell’s Sporting Goods. He discusses the ongoing effects of e-commerce on his company and the brick-and-mortar retail sector: 

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As promised, here is part II of Llenrock Group’s interview with Tim Proctor, Senior Vice President and Real Estate Market Director of TD Bank. Be sure to visit Llenrock’s new YouTube channel for more!

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Once again from Jones Lang LaSalle Hotels (NYSE: JLL), here are the Top 10 International Hospitality Markets for New Developments:

10. Bangalore

9. Chengdu

8. Seoul

7. Manila

6. Taipei

5. Mumbai

4. New Delhi

3. Rio de Janeiro Read the rest of this entry »

Have you ever stayed in a very low-end motel (think noisy neighbors, no hot water, the kind of bed you’re afraid to sleep in, etc…)? After that, even an average “economy” hotel will seem like the Ritz-Carlton. The hospitality market, like the business world in general, is a place of relative values. A market, submarket, or individual property doesn’t need 100% hotel occupancy and sky-high rates to become attractive for investment–it just has to be better than the competition.

In today’s bleak economy–and I wish I could put this more nicely–mediocre is the new good.

Domestic and international investors are most concerned with stability, so a market or asset showing potential for even modest returns and an assurance of economic security may be the recipient of investment capital. While U.S. hotels vary greatly in terms of quality, demand, and property value, the fact remains: there are much worse markets in which to invest.

Hooray for a lack of alternatives!

Even without New York City’s average occupancy (what is it now? 86%?), America’s largest markets are looking very attractive to REITs, private equity groups, and other investors because of their relative stability. A bit of good news for a sector that took a massive hit in 08-09. Read the rest of this entry »

Continuing our rankings of the Most Transparent CRE Markets (by region), here are the Top 10 Most Transparent CRE Markets in Europe:

10. Spain

9. Ireland

8. Denmark

7. Germany

6. Switzerland

5. Sweden

4. Finland Read the rest of this entry »

 Mensch:

Noun, informal. A decent, upright, mature and responsible person.

Schlemiel:

Noun, slang. An awkward, clumsy, or unlucky person whose endeavors tend to fail; a loser.

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Mensches of the Week:

Lou Belfer & Scott Belfer

Today we have two Mensches, the father and son team of Lou and Scott Belfer, both experienced industrial brokers with CBRE (NYSE: CBG) in New Jersey. As the latest issue of Mid-Atlantic Real Estate Journal reports, the Belfers recently finalized the sale of the American National Can building, a 141,000 SF manufacturing/warehouse facility in South Brunswick, New Jersey.

It looks like the sale price for the enormous property has not been disclosed to the press. The seller, textile firm Niki International, was represented by Joel Lubin of Jones Lang LaSalle.

The successful completion of this deal is quite a victory for the Belfers, not only because of the property’s size but its relative obsolescence, as well. The facility has changed hands a number of times, MARJ notes. It has been used over the years by American National, Rexam PLC, and the aforementioned Niki International. Considering the region’s promising industrial real estate market, there’s no reason such a building should languish unused or in disrepair.

Given its location and proximity to the port of Elizabeth, New Jersey, not to mention numerous interstates, this building shows a great deal of potential for tenants seeking a large manufacturing space or (most likely) distribution center. Read the rest of this entry »

I guess you could say the most vital resource in commercial real estate–or any business for that matter–is information. It should be no surprise that a great many firms, large and small, have emerged with the sole purpose of analyzing data. No investment activity, no funding, development, or representation–simply amassing and interpreting facts.

Data is an essential branch of this industry. Major CRE services like Jones Lang LaSalle (NYSE: JLL) and CBRE (NYSE: CB) have developed their own in-house research divisions, while specialized data firms like CoStar Group and its Showcase.com and Loopnet services generate significant revenue through their exclusive comps and property listings.    Read the rest of this entry »

Based on data from Jones Lang LaSalle (NYSE: JLL), which has released a lot of great info on the world’s most “transparent” CRE markets (i.e., those with the most available/accessible data), here’s a ranking of the Top 10 Most Transparent Real Estate Markets in the Americas:

10. Costa Rica

9. Cayman Islands

8. Argentina

7. Chile

6. Mexico

5. Puerto Rico Read the rest of this entry »