Source : The Wall Street Journal, June 29 2020
Retail, Hotel & Office real estate investors have unfortunately faced a reckoning as a result of the COVID-19 pandemic and its related shutdowns.
Conversely, Industrial real estate investors not only have successfully weathered this event, but have seen it fuel unprecedented demand for additional warehouse space.
Online e-commerce has significantly benefitted from the pandemic, as:
consumers look to avoid crowds due to the continuous increase of COVID-19 cases.
there are limited alternatives given the repeating shutdowns across the country.
Link: The Unemployment Crisis In Charts: The Latest Data
Today’s unemployment data, which showed that the U.S. economy shed 125,000 jobs in June, wasn’t pretty. And, not surprisingly, it was roundly trashed by the financial blogosphere — Ezra Klein called it “brutal”; Megan McArdle said it was “dismal.”
But beyond the headline figure of 125,000 lost jobs and an unemployment rate that dipped slightly to 9.5 percent are some even more discouraging signs. The following charts from blog stalwarts like Brad Delong and Calculated Risk suggest the underlying...
> > > > > > CMBS Delinquency Rate: Smallest Jump Since 2009 - Increase of 17 Basis Points in June to 8.59% > Commentary: The delinquency rate for commercial real estate loans in CMBS showed signs of moderating in June. While the rate was up 17 basis points, that was the best reading since July 2009. > > View the full report here. > For the nine months prior to June, the rate of increase in delinquencies averaged 39 basis points per month (after backing out the Stuyvesant Town impact in March). The lowest increase prior to June was February’s 23 basis point jump....
CNBC.com Article: US House Passes Landmark Financial Reform Bill The U.S. House of Representatives on Wednesday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama. Full Story: http://www.cnbc.com/id/38027454
We agree with this article written by CBRE. This is a great article on current market conditions.
Most pundits in the real estate industry will admit that in early 2009, they expected 2010 to be a banner transaction year fueled primarily by a large pipeline of distressed assets. Those same participants today will also tell you that 2010 and the near future doesn’t look or feel like what they predicted. So where have all the sales gone?
New York has had an extraordinarily rapid turnaround in investment sales pricing and volume primarily driven by a lack of product on the market and the perception...
CNBC.com Article: Weak Economic Reports Support Low Rates Pledge New claims for jobless aid rose last week while consumer prices notched their largest decline in nearly 1-1/2 years in May, suggesting rates will remain ultra low to nurse the fragile economic recovery. Full Story: http://www.cnbc.com/id/37755611
Link: How CEOs are Using Social Media for Real Results
Great Article on how corporations are using Social Media.
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It’s common to hear stories about marketing or recruiting departments using social media. But what about CEOs? Could having the ‘top dog’ of your organization engaged in social media be an asset to other corporate efforts?
Yesterday, we had the opportunity to meet with Darla Longo, James Koenig and Dave Consani from CBRE Ontario. They are three highly respected brokers in the market.In our meeting; we discussed the industrial market in the Inland Empire (IE). It was a very optimistic meeting in regards to the market showing positive signs of a recovery. Industrial inventory in the >350,000 sf is low (12 properties in total) in the IE West. Over half of these properties are under contract. Owner/Users are taking advantage of historically low interest rates and the abundance available space....
Link: CMBS Delinquency Rate Jumps 40 Basis Points in May - Rate Now 8.42%
“Commentary: The delinquency rate for commercial real estate loans in CMBS continued to move higher in May as the monthly rate of increase has demonstrated remarkable consistency.For seven of the last eight months, the rate of increase in delinquencies has been between 37 and 49 basis points (after backing out the Stuyvesant Town impact in March). The only exception was February of this year when the delinquency rate nudged up only 22 basis points.” Please go to the above link to read the entire...