http://www.retailnewsblog.com Commercial Real Estate News. Some good news, some bad news, but always relavant to the times we live Tue, 20 Oct 2009 21:25:11 +0000 http://backend.userland.com/rss092 en There have been fewer sales in 2008 and 2009 than seen in previous years. The reduced number of sales is due in some degree to the lack of credit available and the particular aversion to risk on behalf of lenders as well as investors in the current market. The uncertainty ... http://www.retailnewsblog.com/2009/10/self-storage-capitalization-rates-2/ Accurate valuation is enhanced by solid operating history. However, it is common to rely upon expense comparable data when valuing properties through direct capitalization. Understanding how operating expenses vary from region-to-region is key, especially for specialized lenders and investors looking to expand into other national markets. The table to the ... http://www.retailnewsblog.com/2009/10/understanding-self-storage-operating-expenses-2/ Now that the effects of the credit crisis have become more fully evident while continuing to grip our economy, 2009 has revealed a repositioning within the real estate markets. Commercial real estate values are returning to the core fundamentals that always drove the market prior to the rise of ... http://www.retailnewsblog.com/2009/10/self-storage-in-today%e2%80%99s-market-%e2%80%93-an-appraisers-perspective/ On April 25, 2009 we posted an article entitled Cap Rates on the Rise for Walgreens. Five months later, it appears that capitalization rates have stabilized for this asset class. The following is a discussion of the tenant, investment demand and evidence for prevailing Walgreens cap rates. The Tenant Walgreens is a ... http://www.retailnewsblog.com/2009/10/walgreens-revisited/ Have you ever had questions about real estate, but did not know who in the industry to ask? We now have a solution for you. Yesterday, we released a Q & A forum for all of your real estate questions, Real Estate Q & A . Please visit the site ... http://www.retailnewsblog.com/2009/10/real-estate-q-a-where-real-estate-questions-are-answered/ The Portland Metro Area (PMA) apartment market was experiencing low vacancy trends (5% and below in most areas) and increasing rental rates from 2005 through late 2008. Since that time; however, the rental market has seen steady decline in rental rates and increases in concessions and vacancy due to the ... http://www.retailnewsblog.com/2009/08/portland-apartment-market-trends/ By: Ben Wilcox, MAI The impact of the recession and financial crisis on commercial real estate has been widely reported. With securitized lending out of the picture and banks less able to lend, purchase financing has been more difficult to obtain and available in smaller quantities. This has led to a ... http://www.retailnewsblog.com/2009/08/impact-of-the-recession-on-values-of-gas-station-c-stores/ Woe is the market analyst who shoots from the hip. There is too much opportunity and rationale these days, or for that matter, at any time, for closer examination of the data, analysis, and conclusions set forth by appraisers reporting the decision-making processes of participants in the real estate market. Who ... http://www.retailnewsblog.com/2009/07/capitalization-rates-without-market-activity/ Now that the reality of the credit market crisis, which really began in July 2007, has fully taken effect, 2009 has been a period of repositioning within the market.  Ironically, the repositioning will be a “return-to-the-old”.  Commercial real estate values are returning to the core fundamentals that always drove the ... http://www.retailnewsblog.com/2009/07/the-chasm-between-buyers-and-sellers/ PGP Valuation Inc is proud to bring you an Office Market Report for the second quarter of 2009. This four page report talks about the economic market and its effects on the office industry in the San Diego Market. Please visit the Publications section of this website for more newsletters and ... http://www.retailnewsblog.com/2009/06/san-diego-office-marker-report-2009-2q/ The medical office market is a subsector of the larger general office market. The current identity crisis of the real estate industry and general instability of the economy are creating the need to separately analyze the medical office subsector, as the supply/demand conditions impacting this asset class is vastly different ... http://www.retailnewsblog.com/2009/06/oregon-medical-market-2009-newsletter/ Commitment to the Arizona Market Highlights Continued Growth of Firm PHOENIX, AZ - PGP Valuation, Inc. (PGP), the industry-leading real estate appraisal firm with offices worldwide, has announced that Phil Steffen, MAI, has been named executive managing director of the firm’s new office opening in Phoenix, AZ. Steffen is a recognized ... http://www.retailnewsblog.com/2009/06/phil-steffen-to-lead-new-pgp-valuation-phoenix-office/ Establishment of Senior Leadership Role Highlights Company’s Dedication to Expanding Services for Government, Institutional and Corporate Accounts CARLSBAD, Calif. - PGP Valuation Inc., the industry-leading appraisal services firm with offices worldwide, has announced that Lance W. Doré, MAI, FRICS, has been appointed to the newly created position of Vice President, Client ... http://www.retailnewsblog.com/2009/06/pgp-valuation-appoints-lance-dore-to-vp-client-services/ In a recent article by Bloomberg titled 'Starbucks Pushing Landlords for 25% Cut in Cafe Rents' Starbucks is still trying to cut operating costs. Their business model is changing and they no longer can sustain paying outrageously high rents and still turn a healthy profit. When their profits dipped down ... http://www.retailnewsblog.com/2009/05/starbucks-still-fighting-to-stay-above-water/ On May 11, 2009, the Associated Press introduced its Economic Stress Index, which it describes as a service that "will provide monthly, multi-format updates on the economic stress of the United States down to the county level." The index weighs three economic variables including unemployment, foreclosures and bankruptcy to produce ... http://www.retailnewsblog.com/2009/05/aps-new-economic-stress-test/ Jackson Cooper, SIOR, CCIM (http://jacksoncooper.com) of Sperry Van Ness - Boise, Idaho,  recently wrote an article about obtaining financing in a down economy. You can view Jackson Cooper’s article below to learn more about the intricacies of leveraging properties and understanding how to maneuver commercial capital markets or download the article in ... http://www.retailnewsblog.com/2009/05/finding-the-bottom-vs-finding-value/ Do you think the collapse of the real estate market place is determinism (by design) or randomness (everything means nothing)? We can not deny that we have experienced a "bubble". A bubble merely transfers a share of the future demand into the present. It's linked with dramatic valuations and always ... http://www.retailnewsblog.com/2009/05/financing-notes-real-estate-is-about-risk-shift/ By Adam N. Cassie - VP Capital Markets, Cohen Financial - Portland, OR The dislocation in the commercial real estate capital markets that exists today in the second quarter of 2009 has frustrated users of capital and left them feeling hopeless. The small universe of debt and equity providers that are willing ... http://www.retailnewsblog.com/2009/05/survival-tips-for-real-estate-investors-seeking-capital-in-2009/ According to the most recent Real Capital Analytics® Quarterly Retail Report the national retail asset sales volume at $1.9 billion (1st Quarter 2009) is down more than 74% from the same quarter one year ago. The only regional mall sale transaction in 2009 year-to-date (YTD) on a national level was ... http://www.retailnewsblog.com/2009/05/retail-market-newsflash/ Jeffrey R. Shouse is the National Practice Leader of Self Storage Facilities for PGP Valuation, Inc. Jeff is located in the Sacramento California office and leads a group of appraisers located all over the United States. The National Practice group is able to appraise Self Storage Facilities located anywhere in ... http://www.retailnewsblog.com/2009/05/self-storage-facility-national-practice-group-leader-jeffrey-r-shouse/ Bruce Nell is the National Practice Leader of Manufactured Home Communities (MHC) for PGP Valuation, Inc. Bruce is located in the Columbus Ohio office and leads a group of appraisers located all over the United States. The National Practice group is able to appraise any MHC located anywhere in the ... http://www.retailnewsblog.com/2009/05/manufactured-home-community-national-practice-group-leader-bruce-nell/ Ask yourself this simple question:  What will the world look like for my children's grandchildren?  This is not a question about politics or global warming. This is a question about the legacy we leave. The real estate industry is responding quickly.  "Sustainability", "LEED", "carbon credits", "cap and trade" are terms that ... http://www.retailnewsblog.com/2009/04/leed-sustainable-green-building/ How have the Capital markets affected lending for the manufactured home community industry? The significant turmoil in the real estate capital markets has resulted in a considerable vacuum in financing opportunities for Manufactured Home Communities. Once a favorite of the now inactive CMBS/Conduit loan industry, the MHC asset class has become ... http://www.retailnewsblog.com/2009/04/what-do-the-manufactured-home-community-market-experts-think/ On April 15th, we posted an article that described some of the financial difficulties that Walgreens is experiencing, and how this company is retooling to ensure long-term sustainability given current economic conditions. The recent struggles with this company along with scarcity of loan dollars and decreased market demand for all ... http://www.retailnewsblog.com/2009/04/cap-rates-on-the-rise-for-walgreens/ Thank you for visiting our commercial real estate blog. The purpose of this blog is to share ideas and information about the industry that would otherwise not be immediately available to our readers. If you find the blog useful and informative, please share it with your peers, colleagues and clients. ... http://www.retailnewsblog.com/2009/04/restated-blog-vision-you-can-help/