Commercial Real Estate Finance

Posts Tagged ‘New York City’

The U.S. has long been a popular target for CRE capital from other countries. Even though individual markets like London are perennially popular, the U.S. seems to hold the most opportunities for international investors (at least according to AFIRE‘s international investor survey). When we consider the relative stability of the U.S.–and particularly the various asset classes in its gateway markets–it’s no surprise. The recent global economic crisis, from which we’re still experiencing aftershocks in one form or another,  may actually be one of the conditions spurring foreign institutions to invest within our borders. The general decline in real estate values has created new opportunities for yield in CRE’s nascent recovery.

One of the biggest investors in U.S. real estate is our neighbor to the north. By and large, Canada avoided the wrath of 2008-09′s economic crisis (at least someone was making good financial decisions…), but its economy, however solid, still needs new investments. Real estate is a fairly limited asset class in Canada; there are only so many opportunities within its borders. So where should Canada’s REITs and intitutional investors deploy their capital? The U.S. is an obvious choice.

According to CoStar, New York City contains more office inventory than the entire nation of Canada. Read the rest of this entry »

Here is a ranking of the 10 Most Densely Populated Metropolitan Areas in the U.S.:

10. Providence Metro

9. Louisville-Jefferson County Metro Area (Louisville)

8. Pittsburgh 

7. San Francisco Bay Area

6. Delaware Valley/Philadelphia

5. Chicagoland (Chicago)  Read the rest of this entry »

Let’s take a look at the connection between income growth and commercial real estate. From Business Insider, here’s a ranking of the Top 10 Cities with the Fastest Growing Wages: 

 10. San Diego, CA (12-month improvement: 1.2%)

9. Atlanta, GA (1.3%)

8. Philadelphia, PA (1.3%)

7. St. Louis, MO (1.4%)

6. San Francisco, CA (1.4%) 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.

Mensches of the Week:

Larry Page & Sergey Brin

Sure, they’ve taken over the Internet, plus everyone’s personal information and search histories, in preparation for their inevitable domination of humanity. But they also give us lots of playful Google Doodles, which everyone agrees are pretty cool and make them worthy of mensch-hood. On top of that, Google (NASDAQ: GOOG) co-founders Larry Page and Sergey Brin are making a sizable contribution to New York City’s emergence as a technology hub.

Back in December, I discussed the city’s competition to plan a research campus on Roosevelt Island. A design submitted jointly by Cornell University and Technion-Israel Institute of Technology beat a number of high-profile competitors, and the two schools have been awarded the space and millions in city funding to bring a world-class technology research campus to Roosevelt Island. Of course, a project of such scope won’t spring up overnight, and this is where the executives from Google come in. Read the rest of this entry »

Once again from AFIRE‘s annual survey of international investors, here are the Top 10 U.S. Cities for International Investment:

10. Chicago

9. Miami

8. Austin

7. Houston

6. Seattle Read the rest of this entry »

Last month, Llenrock‘s Andrew Benioff chaired a panel discussing the benefits and risks of family home aggregation, a strategy gaining prominence in today’s depressed single-family market. The session was part of IMN‘s U.S. Real Estate Opportunity & Private Investment Forum, a two-day conference in New York City.

Single-family aggregation strategies are gaining traction in the U.S. because of the continuing austerity of the post-bubble housing market. There’s plenty of supply, of course, and lots of people who want to own homes. But the ongoing uncertainty over Fannie and Freddie, along with high unemployment and more restrained lending practices, are keeping the American dream of home ownership unrealistic for many.  Read the rest of this entry »

Hamid Moghadam, CEO of industrial REIT Prologis (PLD), discusses demand for warehouse properties and what this means for the retail real estate sector:
Read the rest of this entry »

Based on the annual survey of members of AFIRE (Association of Foreign Investors in Real Estate), here is a list of the 10 Top-Ranked Cities for International Investment in 2011:

10. Singapore (2%)

9. Shanghai (2.5%)

8. Hong Kong (<4%)

7. Sydney (<5%)

6. Paris (<5%)

5. San Francisco (5%) Read the rest of this entry »

Here are the Top 10 Most Densely Populated Cities Worldwide:

10. Kolkata (Calcutta), India (71,935 people/square mile)

9. Kamarhati, India (74,323)

8. South Dumdum, India (75,069)

7. Delhi, India (75,512)

6. Pateros, Philippines (76,392) Read the rest of this entry »

Based on the number of residents per square mile, here is a list of the 10 Most Densely Populated Towns in the U.S. I’ve included the population density and metro area in parentheses.

10. Cudahy (LA, 21,627.7)

9. Passaic (NYC, 21,804.7)

8. East Newark (NYC, 23,330.0)

7. Cliffside Park (NYC, 23,847.7)

6. Maywood (LA, 23,887.2) Read the rest of this entry »