12th March, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
California Real Estate Journal recently reported on the state and local governments nationwide who are taking advantage of one of the worst times in decades to sell commercial real estate to sell their government buildings to raise money to fund their shortfalls. Arizona, Connecticut and of course, California are all out there…what about doing like »
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11th March, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
Before you dust off your party hats to start the celebration, later in this same article 20% see themselves going out of business in the next three years…and in a report sent out by Office Furniture Trends (found here: http://ofc-trends.blogspot.com/2010/03/) ADP reports that from January 2010 to February 2010 Large Businesses (500+ employees) had employment declines of »
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10th March, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
and even though it is only up 1%, this is still in the right direction…from a number of reports and speeches I have heard lately the Peninsula and San Francisco office markets appear to be improving but all signs point to an 18-month lag before the East Bay shares this positive trend. And a recent »
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8th March, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
it all went towards the $20 billion in bonuses just paid to Wall Street financial firms for 2009, perhaps as a thank-you for the great job of getting our economy into the fix it is in today…
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4th March, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
Michael Gottlieb, the editor of the California Real Estate Journal, used this phrase to describe a short rise in commercial real estate prices in a time of declining fundamentals…Overall delinquent unpaid balances on commercial real estate mortgage-backed securities is up 380% from a year ago, and is 18 times the low point of March 2007. »
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3rd March, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
which is 300,000 more jobs lost than previously thought…In speaking with local office brokers there has seemed to be an uptick of inquiries and tour activity and this may be more of companies finally realizing that although the economic bottom may still be ahead, office rates and terms are just too good to continue to »
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2nd March, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
Wells Fargo is about to hire 1,400 brokers nationwide to cater to affluent customers…
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1st March, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
China has a huge oversupply of office space, with Beijing reporting over 20% vacancy and many investors viewing China as a bubble waiting to pop…some experts feel the fall in China commercial real estate values could be many times what just happened in Dubai, where real estate prices have fallen 50% since their peak in »
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26th February, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
In the February 18, 2010 San Francisco Chronicle a report confirming that San Francisco experienced a 28% drop in commercial real estate values during 2009, and a 39% drop since December 2007. The office vacancy rate now approaching 17%, which is already a 15-year high, is expected to approach 20% this year.
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25th February, 2010 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
CityFeet, an on-line commercial real estate news publication headlines various major office and industrial sales, relocations and announcements…and even though I know the Bay Area market is way, way, way down I was still astonished to open up this week’s issue where one of the headlines read “Impact Sciences Leases New Offices In Oakland” expecting »
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