Square Feet

AB2640 Seeks to Repeal 1031 Exchanges in California

squarefeet — Tue, 16 Mar 2010 05:08:19 +0000

First of all, for those of you who dropped me a note wondering if I was still alive, rest assured I am. Thanks for the concern. Now to the pressing issue, a bill within the California state assembly which seeks to repeal the tax benefits of 1031 exchanges in California. We’ve been discussing for a while [...]

The Cleveland Fed Justifying Its Existence

squarefeet — Wed, 03 Mar 2010 16:35:24 +0000

….this was actually put out by the Cleveland Fed on March 1, 2010. I wouldn’t believe it unless I saw it. [via ZeroHedge]

$46B in CMBS Balances Now Delinquent

squarefeet — Wed, 03 Mar 2010 15:36:01 +0000

RealPoint’s February report is out and things continue to get worse on the CMBS front. Not only is the oustanding CMBS loan amount huge, but the rate of growth is staggering. The amount of distressed 90+ day loans rose 28% in one month. In January 2010, the delinquent unpaid balance for CMBS increased by another $4.3 [...]

LeFrak and Flexner on CNBC

squarefeet — Wed, 03 Mar 2010 15:22:03 +0000

Tom Flexner, head at Citi Global Property and LeFrak of the LeFrak Organization on CNBC. Lots of capital sitting on the sidelines, and LeFrak is trying to figure out how to deploy it. Flexner’s answer: reduce your return requirements.

Golden State Portfolio Hits The Market

squarefeet — Tue, 02 Mar 2010 22:04:47 +0000

Back in December, CBRE won the pony show to sell off a 7 million square feet portfolio of our property. It’s officially hit the market and just in time for IOU’s.

San Jose Update

squarefeet — Mon, 01 Mar 2010 16:04:29 +0000

The Redevelopment Agency has issued its monthly report and while activity at downtown San Jose condos seems to be improving, sales continue to be extremely slow: 360 Residences – 0/213 Units Closed Escrow (but they are getting a Subway on the ground floor!) Axis – 86/329U Closed Escrow City Heights – 95/124 Units Closed Escrow Tower 88 – 57/197 [...]

Dimon: California Larger Risk Than Greece

squarefeet — Mon, 01 Mar 2010 04:50:11 +0000

Jamie Dimon, the chief of JP Morgan Chase has indicated that California poses a larger risk than Greece. Mr Dimon told investors at the Wall Street bank’s annual meeting that “there could be contagion” if a state the size of California, the biggest of the United States, had problems making debt repayments. Dimon isn’t the first to [...]

Bloom Energy

squarefeet — Wed, 24 Feb 2010 20:14:13 +0000

In case anybody missed it on 60 minutes… Sunnyvale-based Bloom Energy… Watch CBS News Videos Online