CRE Console Blog

Seattle’s PacMed Tower note to be sold

CRE Console — Thu, 05 Apr 2012 00:36:54 +0000

A $20.5 million note secured by a leasehold interest of the PacMed building; the former headquarters for Amazon.com, sits atop Beacon Hill. The current mortgagee, Seattle-based developer Wright Runstad, defaulted on the loan last summer. In 1998, Wright Runstad & Company signed a 99-year agreement with PacMed Clinics to lease most of the historic building, which [...]

PwC Real Estate Investor Survey Q1 2012

CRE Console — Tue, 27 Mar 2012 14:49:30 +0000

PricewaterhouseCoopers has released the results of their Q1 2012 Real Estate Investor Survey. Titled Encouraging Trends Revive Investor Interest in Industrial Assets, it notes a recent shift in market sentiment: While many investors remain focused on how to capitalize on the burgeoning apartment sector, a growing number of buyers are revisiting the rebounding industrial sector as [...]

CBRE Cap Rate Survey February 2012

CRE Console — Mon, 19 Mar 2012 15:14:11 +0000

CBRE, Inc conducts one of the CRE industry’s most thorough cap rate surveys. Below is an excerpt from their most recent: Investor demand for US commercial real estate assets expanded in 2011. A steady recovery in the leasing market conditions that drive income combined with both low rates of return and excessive volatility in other [...]

New Feature: Stand Alone eCAs

CRE Console — Mon, 12 Mar 2012 19:48:03 +0000

Many of our users don’t need a full blown property website and document center for every single one of their listings. But they’d still like to be be able to use electronic confidentiality agreements to automate the investor registration process. For this reason, we’ve build a stand alone investor registration module which allows our users [...]

Commercial Property Prices in… 2017?

CRE Console — Mon, 13 Feb 2012 12:00:00 +0000

In Moody’s last CPPI report, they presented a forecast of commercial property prices that examined how much of the 2007 peak values may be retraced prior to the major CMBS refinance years of 2016 and 2017. [The chart below] shows the Six-City value series on the left as represented by the solid line. Our forecast [...]

Delhaize Store Closing Map

CRE Console — Thu, 26 Jan 2012 21:01:38 +0000

On the heals of Sears Holdings announcing their 79 store closing list, Delhaize (dba Food Lion, Bloom and Bottom Dollar) has released a list of 126 stores which they intend to close. View Delhaize Store Closing Map in a full screen map On average these stores aren’t as well located as many of the Sears [...]

General Growth to spin off 30 non-core malls

CRE Console — Fri, 06 Jan 2012 22:25:59 +0000

In Wednesday’s Wall Street Journal, there was an article on GGP’s plan to spin off 30 of its weaker malls and create a new publicly traded company, Rouse Properties Inc. General Growth executives tout the separation as a means for General Growth to focus its resources on its remaining 137 best-performing malls. The spinoff, to [...]

PwC Real Estate Investor Survey Q4 2011

CRE Console — Tue, 03 Jan 2012 16:08:54 +0000

PricewaterhouseCoopers has released the results of their 4th Quarter 2011 Real Estate Investor Survey. One of the most popular features of this report is the cap rate trend section. This issue reported the largest decline in Net Lease cap rates (recording a drop of 54 basis points). Larger declines were also seen in Regional Mall [...]

Sears store closings: Opportunity #1 in 2012?

CRE Console — Fri, 30 Dec 2011 03:56:06 +0000

One of the biggest news stories following the Christmas holiday was the release of a list of 79 stores Sears Holdings intends to close in 2012. While this may mean trouble for existing Sears and Kmart landlords, it spells opportunity for buyers and other big box tenants looking for deals in 2012, as many of [...]

Emerging Trends in Real Estate 2012

CRE Console — Mon, 12 Dec 2011 12:00:21 +0000

PricewaterhouseCoopers and The Urban Land Institute recently released their annual Emerging Trends in Real Estate report. As the theme for basically all of 2011, they note the demand for trophy assets in 24-hr gateway markets. But they also note that this once insatiable appetite for trophy deals in these markets has started to wane: If [...]