Commercial Real Estate Fundamentals Strong By Brian Patton The bad news of the residential market over the last few months begs the question of what will happen to the commercial real estate market in the coming year. In order to gauge investors’ expectations for 2008 in this market segment, a group of leading research companies recently surveyed more than 1,000 developers and investors. The survey group included 92 institutional investors with an average of 19 years experience and an average real estate portfolio of $36.6 million. Among the findings is […]
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CREDIT STANDARDS TIGHTEN
June 23, 2008 in COMMERCIAL R.E.
Credit Standards Tighten Weak economy, lack of competition drive Fannie Mae to adjust underwriting in first half. By Jerry Ascierto APARTMENT FINANCE TODAY • June 2008 Fannie Mae is processing deals hand over fist this year even as it makes significant adjustments to its credit standards. In early April, Fannie Mae moved to a standard 1.25x debt-service coverage ratio (DSCR) and down to 1.20x in strong markets such as New York, Los Angeles, and Seattle. Last year, Fannie Mae had lowered that threshold to a standard 1.20x and down to […]
REITs OUTPERFORM STOCK MARKET
June 11, 2008 in COMMERCIAL R.E.
REITs Outperform Stock Market in 2008; As Dow, S&P Sink, Residential REITs are Up 15.7% Published: June 10, 2008 By Anuradha Kher, Online News Editor Washington, D.C.–Despite hitting a low in February this year, the FTSE NAREIT All REIT Index outperformed other major market benchmarks so far in 2008. Through the first five months of 2008, the FTSE NAREIT All REIT Index was up 6.46 percent, while the FTSE NAREIT Equity REIT Index was up 8.17 percent, as other market benchmarks remained in negative territory to start the year (the […]
ECONOMISTS SEE JOB LOSSES AS MILD
June 9, 2008 in COMMERCIAL R.E.
Economists See Job Losses as Mild By Poonkulali Thangavelu, National Real Estate Investor  Jun 6, 2008 May’s employment numbers released today by the U.S. Department of Labor come as no surprise to economists. The government reports that the unemployment rate rose from 5% in April to 5.5% in May, with office-based employment down by 49,000 jobs. Hessam Nadji, Marcus & Millichap’s managing director for research services, says that while the loss of about 50,000 jobs is not surprising, losses in this downturn continue to be below the level of losses […]