BAILOUT FATIGUE?: DEVELOPERS SEEK FEDERAL ASSISTANCE

Will the bleeding stop? Now, the developers go in...

Fearing an onslaught of troubled commercial real estate loans in 2009 in the absence of normalized credit markets, leaders from trade associations across the industry have banded together to request federal assistance. But is there enough political will at the U.S. Treasury to rescue once high-flying lenders and developers on the heels of bailouts of the banking and auto industries? [...more...]

STORE CLOSINGS COULD DOUBLE IN 2009

Circuit City’s announcement Monday that it was closing 155 stores, or 21 percent of its 721 U.S. locations, and planning to start lease renegotiations for others, will be echoed by numerous retailers throughout 2009, with the total number of stores shuttered in the United States expected to double the figure predicted for this year.

By the end of 2008, store closing announcements will total 6,100, according to an October forecast from ICSC. [...more...]

DESPITE RESCUE BAILOUT, INSTITUTIONS WAIT

The spread between asking prices and buyers idea of "market value" may still have a ways to go. For those who are waiting to sell, lowering prices and carrybacks may be ways to create buying pressure.

Despite Rescue Bailout, Institutions Wait on the Sidelines

For more than a year, transaction volume, particularly in the office sector, has been stuck in a bid/ask logjam. Closed sales of downtown and suburban office properties year-to-date through August fell by 70% from a year ago, according to New York-based research firm Real Capital Analytics.[...more...]

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Office Subleases Portend Softening Fundamentals

It's a tenants market...

Landlords across the nation are competing for tenants not only with other property owners, but also with tenants that are offering space on the cheap for sublease. While the amount of subleases available today isn’t alarming, researchers say it is a growing trend that signals softening fundamentals today and declining rental rates ahead. [...more...]

REAL ESTATE RECOVERY EXPECTED IN 2011

The nation is in for more than a year of stagnant job creation and tepid economic growth that will set the stage for marked improvement in 2011, according to two of academia’s respected authorities on the economy and commercial real estate. [...more...]

INDUSTRIAL MARKET IS SOFT BUT NOT SOUR

Weakened demand for warehouse and distribution space contributed to a rise in the nation’s industrial vacancy rate in the second quarter, but rents are still rising in some major metros and port cities, researchers say. [...more...]