SAN FRANCISCO, CA -- Several reports highlight high-tech centers
like San Francisco with rising rents, and major leases. It's unclear at this point if it points to tends to come for the overall market, or anomaly in this sluggish economic recovery.
From Colliers International, Class-A rental rates across all markets averaged $48.87 per square foot, up from $44.56 in fourth-quarter 2011,in the first-quarter office report for San Francisco; class-B rates rose from $38.18 to $40.29 during the same time period. Class-A financial-district rental rates rose from $43.56 to $49.65 during that time, while class-B rates in this submarket rose slightly from $36.03 to $36.85. Demand and rent growth are being driven largely by technology growth—specifically, social media, search engine and cloud computing companies such as Twitter, Zynga, Salesforce, Yelp, Google and LinkedIn.
Continue reading "Hot Leasing Pockets: San Francisco" »
SAN FRANCISCO, CA --- Bed Bath & Beyond ranks high on my top 10 U.S. retailers list,and has for some time. This big box retailer was an regular inhabitant of "power centers," then discount centers, and now thrives in the post-2008 consumer environment. In other words, they're retail survivors --- which is the highest accolade in today's market.
FROM Chain Store Age:
By jmosscrop
Bed Bath & Beyond reported Wednesday that profit for the fourth quarter ended Feb. 26 rose 25% to $283.5 million, compared with $226 million a year earlier.
Continue reading "Bed Bath & Beyond's to Open 45 Stores, Q4 profit up 25%" »
SAN FRANCISCO, CA -- With $1.4 Trillion collateralized loans coming due in the next 48
months, and 9.2% of all such loans 30 days past due, you would think that Wall Street and lenders might be hesitant to originate new commercial mortgage-backed securities (CMBS). Not so.
In this well written piece by Matt Hudgins for the National Real Estate Investor, you'll gain insights into what is being referred to as "CMBS 2.0".
The new generation of CMBS seeks to address investors' concerns over previous securitization practices pertaining to disclosure. New deals remove perceived conflicts of interest among the bondholders and shift authority over the special servicer away from investors in the riskiest class of bonds to those at the top of the capital stack.
The innovations seem to be working.
Continue reading "Cracking the new world of securitized loans - CMBS 2.0" »
SAN FRANCI
SCO, CA -- By choosing foreclosures to short sales, and stockpiling billions in foreclosed properties, U.S. banks are postponing the inevitable --- a necessary but painful hit to their financial statements.
Worse, the banks' stockpiling-versus-disposing reo's has stalled the recovery of the commercial and residential real estate markets.
Continue reading "U.S. banks persist through foreclosures to avoid the inevitable" »
SAN FRANCISCO, CA -- Howard Davidowitz, chairman of Davidowitz & Associates Inc., with 40 years experience as a retail expert, talks about U.S. consumers and the outlook for the retail industry. He talks with Pimm Fox on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
Some observations from Davidowitz: How about this for a start.. we have 21 square feet of retail for every man, woman, and child in America! Clearly an overbuilt retail real estate universe. More:
Continue reading "Retail megatrends: According to retail veteran Howard Davidowitz. Must view" »
SAN FRANCISCO, CA -- Sam Zell, a leading distress property investor, makes several predictions in a Reuter's report --- including the end of the lenders' "extend and pretend" when it comes to underwater loans on commercial property. Here is the text of the report:
Zell sees little new U.S. commercial property
By Ilaina Jonas
NEW YORK, Dec 14 (Reuters) - Real estate mogul Sam Zell said he expects little U.S. commercial real estate construction over the next one to three years except for apartment buildings, a hiatus that would restrict supply and boost the value of existing properties.
Continue reading "Sam Zell's predictions for commercial real estate, including end of lenders' "extend and pretend" " »