LWR Commercial Real Estate
Anthony
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Posts by Anthony
Senate Tweaking Carried Interest; CRE Recovering? (Wednesday’s News & Notes) | TrafficCourt
June 10, 2010 - 11:40 am
Posted in Sarasota Real Estate | No comments
Senate Tweaking Carried Interest; CRE Recovering? (Wednesday’s News & Notes) | TrafficCourt.
I’m doing some long overdue catch-up with some of the links below. We’ve been spending the last few days trying to get our heads around what’s going on with taxation of carried interest.
On that front, the New York Times Dealbook blog described in some detail how the Senate [...]
Commercial Property Owners Brace For Economic Impact of Gulf Oil Spill – CoStar Group
June 10, 2010 - 8:28 am
Posted in News | No comments
Read the full story here: Commercial Property Owners Brace For Economic Impact of Gulf Oil Spill – CoStar Group.
Specifically on Florida:
Florida Of all the Gulf Coast states, Florida has the largest coastline and an extremely fragile ecosystem, which puts it at significant economic risk depending on the migration pattern of the massive oil slick. Florida lacks [...]
Everyone’s Invited – Young Realtors Social Tonight
June 9, 2010 - 12:47 pm
Posted in Area Information, Sarasota Real Estate | No comments
Young Realtors Social Tonight!!
5pm @World of Beer on University Parkway.
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Fortune – Where is the CRE/CMBS crash?
June 9, 2010 - 8:29 am
Posted in Sarasota Real Estate | No comments
Hat-tip to Christina Pitchford for this story.
Wasn’t commercial real estate supposed to crash?
By Heidi N. Moore, contributorJune 8, 2010: 11:22 AM ET
FORTUNE — During the long years of the financial crisis, the American economy has been like a retelling of the Somerset Maugham story “Appointment in Samarra,” in which a man unsuccessfully runs from city [...]
Deteriorating Debt Service Coverage Ratios Trouble Trepp
June 8, 2010 - 2:53 pm
Posted in Distressed Commercial Properties, News | No comments
An analysis of nearly 34,000 fixed-rate loans in U.S. commercial mortgage-backed securities shows that 13.7% have a debt service coverage ratio of less than 1.0 — a strong sign of financial weakness. Based on its findings, New York-based research firm Trepp LLC expects the percentage of CMBS loans in special servicing to continue rising from [...]
Deal Junkie reports GE Real Estate To Cut its CRE Portfolio in Half
June 8, 2010 - 2:46 pm
Posted in Commercial Investment, Distressed Commercial Properties | 1 comment
GE Capital holds an $80 billion portfolio of assets like office and apartment buildings, as well as loans secured by commercial property. Mike Neal, chief executive of GE Capital and a GE vice chairman, on Friday said the firm aims to cut that portfolio to $40 billion and to shift its composition more toward loans [...]
REO Saturation Dropping in Housing Market
June 7, 2010 - 12:17 pm
Posted in Area Information, News, Sarasota Real Estate | No comments
(click on image for larger view)
Detroit, Mich. landed the top position among the lowest performing major markets this month. However, Detroit’s -10.7 percent quarterly price change is a substantial improvement over last month’s -14.4 percent quarterly change. Detroit is indicative of the overall improvement among the entire set.
All of these markets improved their quarterly losses [...]
Community ‘SmartFarm’ in the works for Lakewood Ranch
June 7, 2010 - 8:40 am
Posted in Sarasota Real Estate | No comments
LAKEWOOD RANCH – A community “SmartFarm” that will be cultivated in centralLakewood Ranch can trace its roots all the way back to a 3-year-old boy in Tecate, Mexico.
Click to enlarge
Jaden Hair, Lakewood Ranch resident and TV chef and author of the Steamy Kitchen Cookbook, wants to teach children about growing food.
Buy photo
PHOTO PROVIDED BY JADEN [...]
Latest county numbers show 13% fall in 2009, compared with a decrease in residential properties of only 9% | HeraldTribune.com
June 7, 2010 - 8:24 am
Posted in Sarasota Real Estate | No comments
HE DISCONCERTING PART OF recent real estate statistics is that the value of commercial property is now falling more rapidly than that of residential property.
Click to enlarge
A DOWNTURN IN COMMERCIAL?
Preliminary market value figures for Sarasota County
property:
Vacant commercial property
20092010Change
$546 million$471 million-14%
Vacant industrial property
20092010Change
$107 million$81.5 million-24%
Developed commercial property
20092010Change
$6.17 billion$5.45 billion-12%
Developed industrial property
20092010Change
$1.16 billion$958 million-17%
Note: Figures are for [...]
30 Distressed Commercial Properties in Sarasota County Right Now
June 4, 2010 - 1:38 pm
Posted in Distressed Commercial Properties | No comments
Hospitality Property for Sale
CHARMING ISLAND OF VENICE MOTEL at 340 S Tamiami Trail, Venice FL, 34285 Click Here to Request More Information
View On Map
Industrial Property for Sale
Marlin Gate Center Unit at 2225 Sarasota Center Boulevard, Sarasota FL, 34240 Click Here to Request More Information
View On [...]
