Commercial Real Estate Finance

Posts Tagged ‘washington’

Commercial Real Estate Week in Review-Week of May 23-29.

-What’s in the Senate Banking Bill? Read the full text here, and summaries here.

-Healthcare REITs get upgraded rating. Time to buy in?

-Welsh Property Trust’s new projection for their IPO is 17.5M shares at $19-21 per share.

-Banks are shoring up their balance sheets by selling their distressed debt in order to acquire failed competitors.

-Need a place to store your property assets? Do what Sun Healthcare Group is doing, create a REIT.

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President Obama, in his recent State of the Union Address asserted that, “the worst of the storm has passed, but the devastation remains.” Of course, Obama was referring to the economy in general, however, there are some indicators in particular real estate markets that seem to support the president’s assertion. In December, CNBC.com published a list of housing markets most likely to have hit bottom. CNBC did not rank the list, however, based on the numbers, below are what I believe to be the the top 10. The criteria for the ranking was a combination of the overall decline in prices by percent, number of months with year-over-year favorable change, last year’s overall change, and December’s month-to-month change.

10. Philadelphia, PA
Fall from peak: 10.6%
Months with YoY favorable change: 7
Current YoY change: -4.1%
Current month-to-month change: N/A

9. New Haven, CT
Fall from peak: 13.5%
Months with YoY favorable change: 8
Current YoY change: -1.3%
Current month-to-month change: 0.8%
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