Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Affordable hounsing projects India
November 20, 2009
Affordable housing takes wing as micro-finance cos step in | economictimes.indiatimes.com
The affordable housing in India is maybe the largest globally. Government projects, HUDCO, or private sector, OMAXE, failed to deliver the promise for affordable mass housing. Great opportunity for builders offers from $3 to 7.000 dollars. A major social issue. Indian market for affordable housing demand will remain high and a great opportunity will prevail. Banks financing is becoming available, but not enough.
Excess money is on the sidelines for commercial real estate
November 20, 2009
A sector too tough to save | online.wsj.com
Gamblers might loose if they bet on a major CRE crash.1.) The estimated total value of CRE in the US is $6TR. Total debt is $3.5TR. That LTV of less than 60% is not overleveraged, as was residential.2.) Loan modifications are now favored by recent IRS and Fed rules changes.3.) REITS are sitting on $BB of cash to buy up everything at a 6% to 8% return, and are buying everything that comes up.4.) Hedge funds will continue to promote the "CRE crash is coming" scenario, but it won't happen.
A Happy Thanksgiving for Las Vegas
November 18, 2009
NEVADA ECONOMY: State showing some life at last | www.lvrj.com
This year, October data could make Thanksgiving a happy holiday for Las Vegas real estate professionals.
Current Construction Activities in FL
November 16, 2009
Building Boom for Orlando Resorts | www.floridatrend.com
This article reports an example of "wise" investing during rough economic time in Florida. It is interesting to note, "building during a recession actually had its advantages."
Argentina Real Estate: Caveat Emptor
November 12, 2009
Argentina Real Estate: Still Holding Up | www.nuwireinvestor.com
This article is a “not-so-subtle” pitch to small investors to look into Argentine real estate as an attractive investment alternative.The article fails to point out several, market, political and economic trends that, undoubtedly, increase the risk for this proposed investment.
German Investment Firms buying US properties at Discounted Prices
October 31, 2009
German Firms Scour U.S. for Deals | online.wsj.com
Deka an asset manager for German banks operates the country’s largest of open-ended property funds of around $28.24 B in property assets. In September, Deka bought a 12-story building in Washington, D.C., for $208 m at the top end of prime office space in the capital. Other German buyers of U.S. property included the insurance company Allianz SE which purchased a 50% stake in Boston’s Once Beacon Square from Beacon Capital Partners in a deal that is valued the building at $508 million.
October 29, 2009
Uncle Sam Adds 5% to Prices of Homes, Goldman Says | blogs.wsj.com
Government intervention eliminates the "Free-Market" concept.This is politics as usual...kicking the can down the road.Pres. Obama is not bringing about change(I am not against him).Cash for clunkers applied to home purchase will not fix the problem.
October 23, 2009
In India, Property Stocks Act Like Tech | online.wsj.com
Customs and Practice define the rules of Real estate.Real estate is/has been real business since the Jurassic Age but Tech is recent.
If Borders Can't Make It Here, They Can't Make It Anywhere
October 14, 2009
Borders Renews Lease At 830 North Michigan Ave. | www.chicagorealestatedaily.com
Borders flagship Chicago store has long been rumored to be in trouble and not likely to exercise its' renewal option. It now has renewed but only for one year.
Market Inertia caused by Capital Unavailability
October 13, 2009
Experts Probe Capital, Distressed Assets Outlook | www.globest.com
Banks are still not performing.Capital needs to flow more freelyMarkets will continue to depress
If Borders Can't Make It Here, They Can't Make It Anywhere
October 14, 2009
There is a bull in the Boston office market--in fact there are many
October 7, 2009
Resort Real Estate & Recovery Speed: What Comes Back Quickest?
September 30, 2009
FDIC to create value "mark" by selling Corus portfolio
September 24, 2009
The Condo-Hotel Gone Bad: A Particular Corner of Hell
August 24, 2009