Commercial Property Is Scooped Up at Discounted Prices as Market Wobbles
More than 25 years ago, when the U.S. commercial real-estate industry began to emerge from its last collapse, German investors were among the first to snap up properties at discount prices.
History may be repeating itself. While numerous foreign investors have begun to scout the U.S. [...]
BlackSwan Interview with Greg Carney of Youngwoo & Assoc. from CJ Follini on Vimeo.
Mr. Carney is a principal and serves as the Chief Investment Officer of Youngwoo & Associates. He has been in the real estate investment management and advisory business for more than 18 years, serving as a senior member of acquisitions and asset [...]
Oct. 27 (Bloomberg) — Capmark Financial Group Inc., the lender that filed for bankruptcy this week, was making billions of dollars in property loans just as investor Sam Zell was exiting the U.S. office market in early 2007.
In 2006 and 2007, Capmark originated $60 billion in commercial mortgage loans, most for office buildings, according to [...]
HORSHAM, PA-According to reports, Capmark is filing for bankruptcy protection. After filing a $1.6-billion Q2 loss, the commercial real estate lender is seeking for protection under Chapter 11. The lender has $21 billion of debt and $20.1 billion in assets.
The lender had already agreed to sell its North American servicing and mortgage business to a [...]
With healthcare remaining the strongest sector of the economy, adding 222,000 workers so far this year for growth of 1.4 percent, medical office building (MOB) assets have been much more stable than traditional office properties. Only 1 percent of MOBs are currently distressed, equating to just $200 million in troubled loans, compared with almost $20 [...]
Read more →The annual rate of decline among home prices in major U.S. cities improved in August over the previous month, according to the S&P/Case-Shiller Home Price Indices report released today (see report below), marking the seventh consecutive month of improvement.
The 10- and 20-city composites measure the composite percentage decline in price year-over-year. In August, home prices [...]
HOUSTON-Harrison Street Capital LLC continued building its presence in Texas with the acquisition of a state-wide, nine-asset self-storage portfolio. The Chicago buyer acquired the 5,303-unit portfolio, which hit the market at $71 million, from CLPF-Self Storage LP, a partnership under the auspices of ING Clarion Partners in New York City.
The assets, which operate under the [...]
U.S. seniors may increase by 40% in five years, world senior age group to triple by 2050
June 24, 2009 – The U.S. Census Bureau has released data over several recent days that highlight to staggering boom in the senior citizen population in the world and nation. In the U.S., the senior citizen population appears to [...]
A proposed 30,000 square-foot medical office building near Muskogee Regional Medical Center could open by August, if plans get legal approval.
At a special meeting Monday, members of the Muskogee Medical Center Authority’s Board of Trustees tentatively approved a proposal for the office building, to be located on the northeast part of the Muskogee Regional Medical [...]
Rochester Institute of Technology student Emily Belonga is looking forward to next fall when the new Global Village campus complex will be completed so she can get an apartment there.
The 19-year-old sophomore from Naples, Ontario County, plans to move from an apartment elsewhere on campus to a suite in Global Village with five other mechanical [...]
