Blog Archives

Press Release FOR IMMEDIATE RELEASE O’Donnell Group Receives 2010 Best of Newport Beach Award U.S. Commerce Association’s Award Plaque Honors the Achievement NEW YORK, NY, September 6, 2010 — O’Donnell Group has been selected for the 2010 Best of Newport Beach Award in the Industrial Management category by the U.S. Commerce Association (USCA). The USCA “Best of Local Business” Award Program recognizes outstanding local businesses throughout the country. Each year, the USCA identifies companies that they believe have achieved exceptional marketing success in their...

---

The O’Donnell Group’s Adopt-A-Highway sign was installed last week on PCH (southbound near Crystal Cove).

---

Can Port Traffic and Unemployment rise together? We have read a few articles lately that indicate 2010 Los Angeles port traffic is up over 2009. For example, the below article written by the Los Angeles Times states,  “Port traffic is up 21% to 369,389 containers compared with a year earlier.” The question we want to pose is: “How can port traffic be increasing with unemployment?” We are having a hard time understanding how rising unemployment is related to increased port traffic.   We want to know where the inventory is headed as unemployment is at a record high and consumer...

---

Economic uncertainty is definite until the Fed can decide what to do with its $1 trillion dollar investment in mortgage backed securities. Article by the New York Times- WASHINGTON — The Federal Reserve provided most of the money for new mortgages in the United States last year, effectively lending more than $1 trillion to American homeowners. Vincent Reinhart, a former Fed division head, said reserves could be inflationary. Now the legacy of that extraordinary intervention is hanging over the central bank as it faces growing demands for an encore to help revive the flagging economy. While...

---

Orange County office space shows positive results in 2nd Quarter 2010ANAHEIM, Calif., (JULY 07, 2010) – For the first time in seven consecutive quarters, Orange County’s industrial market showed positive net absorption, posting 278,731 square feet, according to Voit Real Estate Services’ Second Quarter Market Report. Overall, availability is stabilizing and lease and sale transactions are on the rise – both signs that the industrial market is moving in a positive direction, according to Jerry Holdner, Vice President of Market Research for Voit. In the Orange County office space...

---

Maybe the US commercial real estate market is turning around. Prices as measured by Moody’s/REAL Commercial Property Price Indices (CPPI) increased 3.6% in May. It was the second monthly increase in a row, after a 1.7% rise in April. “We expect commercial real estate prices to remain choppy in the coming months,” said Moody’s Managing Director Nick Levidy. The positive news of increasing prices over the past two months is tempered by low transaction volumes, forecasts for slowing macroeconomic growth and the rising risk of a double dip recession. Prices are currently 38.9%...

---

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 fundamentals in the unemployment...

---

> > > > > > 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...

---

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...

---