Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
September 23, 2009
Don't Get Discouraged Buyers! | www.trulia.com
As a residential real estate broker who works with lots of new home buyers, this market is really leaving a bad taste in their mouth. Lengthier escrows and higher costs/fees are really discouraging new home buyers from purchasing their first home. The economical problems of the greater economy are clearly evident in the home buying process.
Distressed Resorts & The Time-Share Solution: Who Let Them In Here?
August 7, 2009
Wyndham Targeting Struggling Resorts For Timeshare Conversions | www.hotelsmag.com
You've got hundreds of unsold resort condos or a white-elephant resort hotel to sell? But nobody wants to pay $500,000 for a resort condo or $50 million for a resort hotel. Well, maybe somebody would pay $5000 for a time-share fragment of this distressed resort real estate. Is is time to bring in Wyndham or the other time share guys? Potentially, but be careful, if you care about the long-term integrity of the resort.
March 16, 2009
Leading property services firm expects worldwide consolidation | www.propertywire.com
Seems more of a public relations piece than an article to analyze
Hamptons Real Estate Compared to Late 80's
October 28, 2008
Current Downturn Similar to Late ’80s, Says New York Fed | nreionline.com
As similar to the late 80's downturn, it is expected that real estate values in the Hamptons (and Manhattan) will not see significant reduction loss, but will remain flat for a period of time. The difference between the late 80's and today is that both the US Fed and the G7 are committed to getting in front of this downturn and managing the variables until growth returns. Sure, you can be bear-ish. Do a rain dance liong enough and it will rain, but I believe that now is the time to strike and make the best deal you can for the property you want. I don't see values dropping signifigantly in Manhattan and the Hamptons.
Optimism For Commercial R.E. Practitioners?
September 11, 2008
SIOR Commercial Real Estate Index Reflects Country's Economic Woes | www.prnewswire.com
The recent SIOR commercial real estate index findings on national industrial and office transactional data clearly points to continued weakening. Optimism for practitioners as well as expectations for the rest of 2008 has to be tempered with market realities.
time is wonderful - it puts things in perspective
September 3, 2008
SIOR Commercial Real Estate Index Reflects Country's Economic Woes | www.prnewswire.com
Wrote this a year ago, after some conference at Jackson Hole. It still has some merit. Might even make a few points about the timing of cycles. Real estate problems happen slowly. The magnitude of the problem is only partially reflected in prices. Accumulation of inventory is almost certain. Inflation is a political option to debt crises.
September 1, 2008
SIOR Commercial Real Estate Index Reflects Country's Economic Woes | www.prnewswire.com
There have been recessions and commercial real estate bubbles that have burst in the past. The most notable was the 1990's crash. Unfortunately the learning curve for this time around will be an uphill battle for all concerned. The simple reason is no one has had to encountered the multiple credit issues that are so wide spread today, whereby there is no safe haven or easy answer as all manner of business is being affected. This writer had been saying for a long time now, you can not kill the housing market without major repercussions. Add to this toxic mix an entire financial credit system based on securitized debt and we have a problem of magnified proportions the likes we have never witnessed before. Of course there are those cheerleaders that remain in a state of denial whose client’s will be negatively impacted by false hope. Instead of trying to create a game plan or exit strategy, the cheerleaders will be the band playing while the ship is sinking.
Stain Upon Mortgage Industry Will Not Be Easily Removed
June 4, 2008
Survey Says Americans Have No Faith in Lenders | www.dsnews.com
Kerri Panchuk's article addresses the most significant intangible loss brought about by the subprime mortgage failures. Namely,the loss of consumer borrower trust which may never be fully regained as long as predatory mortgage horror stories continue to capture headlines and replace mortgagor confidence with skepticism and even disdain.
April 23, 2008
RE/MAX is not a real estate broker? | blog.seattlepi.nwsource.com
If ReMax is prohibited from charging for these marketing rights it will certainly impact their profitability. Many arrangements of this nature will be challenged in this market environment.
Conveyancing system faults creates opportunity for theft
November 16, 2007
Shenzhen Daily | paper.sznews.com
Reform of the way secondary market transactions are handled are urgently required to mitigate risk for buyers, sellers and brokers
Who is kidding who regarding a recovery in commercial real estate
October 18, 2009
U.S. Helps Commercial Real Real Estate Lenders Pretend and Extend
October 15, 2009
The Jury Is Still Out On General Growth
October 8, 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