Tag / the o’donnell group

REAL ESTATE: O’Donnell to put up 1.2M sq. ft. of industrial By Mark Mueller Sunday, May 22, 2011 Newport Beach-based real estate developer and property manager O’Donnell Group Inc. has started work on a massive industrial development in the Inland Empire. The company said this month it is moving ahead with construction for Banning Industrial Park, a 64-acre complex in Riverside County’s Banning, just off Interstate 10 near the 60 freeway. The project, about 20 miles from Palm Springs, is set to include 12 buildings totaling more than 1.2 million square feet....

---

Press Release Banning Industrial Park, Nation’s Largest Speculative Industrial Park Currently Under Construction Now Leasing off I-10 The O’Donnell Group has broken ground on a 64-acre industrial park in Banning, California.  The project is being built on a speculative basis.  Once completed, it will offer twelve state-of-the-art industrial buildings totaling over 1.2 million square feet.  The centerpiece of the development will be a 786,000 square foot cross-dock distribution building.  The LEED certified building will have a 30’ ceiling clearance height, an ESFR...

---

Great article from The Oakstone One of the industry’s closely watched “status checks” (and one I’ve been watching for years) points to a fairly positive outlook for U.S. commercial real estate in the months ahead. The quarterly report from Prudential Real Estate Investors (PREI) also details potential hiccups, including rising interest rates, so it’s well worth a read.   Here is an executive summary of Prudential’s report:   • With the economy growing at a healthy pace, commercial real estate fundamentals are finally moving in a positive direction in all sectors....

---

We read this very interesting article on commercial real estate and inflation from the CRE Console. The article forecasts that cap rates will rise with treasuries as the economy continues to improve.  This rise in caps and treasuries is expected to drive CRE values down an estimated 17% if the spread between the two remains constant.  Even if the spread between cap rates and treasuries compresses a nominal amount, values will potentially still see double digit declines. We agree with the article.  We see cap rates rising with treasuries over the next 12-24 months.  This rise will drive...

---

A great Industrial Article written by The Oakstone. The heat is on in the industrial market. With improving positive absorption, very little new construction in the pipeline and the merger of two giants creating excitement, 2011 may very well be the year for this oft-overlooked corner of the real estate world. In fact, sunnier days have already begun to make themselves evident. “There’s just a lot of positive signs in the market,” said Craig Meyer, Jones Lang LaSalle Inc. managing director & head of industrial real estate for the Americas. “It’s becoming much...

---

Great Article by CoStar Tightening Supply In Suburban Markets Will Eventually Benefit Owners and REITs as Tenants Trade Up For Higher-Quality Space at Attractive Rates By Randyl Drummer April 6, 2011 Picking up where they left off last year, U.S. equity REITs continued to post strong returns in the first quarter of 2011, outperforming broader market indices despite a late-quarter slowdown that softened returns on investment trust stocks in March, according to new figures from NAREIT. The gains appear to reflect investor expectations that market fundamentals will continue...

---

We have read some amazing industrial reports this week from CBRE, Grubb & Ellis (Grubb), Cushman & Wakefield (CW), and REAL Capital Analytics (REAL). Here are some great take-aways: Sales of significant industrial properties totaled $890M in February, a 33% increase from a year earlier(REAL). Total industrial activity increased to $18.9 billion in 2010 up 77% from 2009(REAL). Demand has been stronger than supply in Atlanta, Dallas and the Inland Empire(REAL). Rental rates remain flat, but due to the limited amount of construction activity, this may change...

---

Great insight to the global economic environment from Pimco. Q: What is PIMCO’s outlook on inflation and interest rates if the situation in the Middle East does not lead to a severe oil shock? Parikh: Setting aside immediate oil shocks, we believe global inflation has cyclically troughed and we see a secular upswing in inflation, which naturally will put upward pressure on interest rates. We see three key global factors as potentially adding to inflation over a long horizon: The degradation of sovereign balance sheets and the structural inflexibility of fiscal deficits. Emerging...

---

Article from GlobeSt.com NEW YORK CITY-The pace of US CMBS loans transferring to special servicing has slackened since 2009, and the year-to-date tally is about one-third of what it was 12 months ago, Fitch Ratings said Friday. That being said, a slowdown does not mean a full stop: earlier in the week, Moody’s Investors Service noted that the delinquency rate for CMBS continued to tick upward last month, albeit at the more moderate pace seen since June 2010. About 200 Fitch-rated CMBS loans have gone into special servicing since the start of 2011. That compares to 631 for the same...

---

January CoStar Commercial Repeat Sales Index Illustrates How Rapidly Prices were Falling a Year Ago - And How Much They've Improved CoStar's index tracking repeat sales of investment-grade commercial properties jumped 10.6% in January over the same period last year, the largest year-over-year gain since the height of the real estate boom in 2006. The increase in the index for higher-quality properties hit a five-year high for January despite dipping slightly from December, a reflection of how hard the index fell a year ago and how strongly it has recovered within 12 months. "Pricing...

---