Archive for Trinan
Freddie Mac is Not Selling Tax-Credit Portfolio
It appears as though the 2009 rumors that Freddie Mac was going to try to sell parts or all of their low-income housing tax credits (LIHTC) portfolios will not come to fruition. According to Ed Haldeman, Freddie Mac’s CEO, the company is not pursing the sale of its credits. Freddie Mac was told on February [...]
Read moreThe Fall of the Phoenix Market
The average price paid for office space in the Phoenix metro area tumbled more than 50 percent last year, from $205 a square foot in 2008 to $102 a square foot in 2009, according Kammrath & Associates. During the same period, retail and industrial space underwent similar declines. To further damage the market, vacancies are [...]
Read moreCMBS Multifamily Delinquencies Close to 9 Percent
In February, the multifamily delinquency rate climbed to a record high of 9.97 percent, according to Fitch Ratings. However, some markets including Nevada, Tennessee, and Florida have delinquency rates in the 20 percent range. While other markets like Washington have a delinquency rate of less than 0.1 percent.
The combined delinquency rate across all asset [...]
Investors Optimistic About Commercial RE
According to PricewaterhouseCoopers/Korpacz quarterly survey, commercial real estate investors are looking at the future with a sense of optimism for the first time in nearly two years. Respondents in 19 of the 30 markets surveyed expect cap rates to hold steady for the next six months. One reason may be the belief that market pricing [...]
Read moreBanks Report Small Profit But “Problem” List Jumps
The number of U.S. banks considered troubled jumped to more than 700 last quarter even as the industry eked out a small profit, the government said Tuesday. The 702 banks on the Federal Deposit Insurance Corp.’s confidential “problem” list are the most since the height of the savings-and-loan crisis in the early 1990s. Big banks [...]
Read moreConsumers’ Assessment of Current Conditions Lowest Since 1983
The Consumer Confidence Index fell almost 11 points to 46 in February. Analyst had expected a small decrease to 55. One gauge that measures consumers’ assessment of current conditions dropped to 19.4, the lowest measured level since 1983. The news sent stocks lower, as the Dow Jones fell 100.97 points. The report confirmed what many [...]
Read moreSelect Distressed Opportunities Coming in 2010
Matthew Anderson, a partner at Foresight Analytics, talks with Bloomberg’s Betty Liu about the commercial real-estate market.
Read moreSenator Dodd Urges Action on Commercial Real Estate
U.S Senate Banking Committee Chairman Christopher Dodd asked regulators on Monday for a report on efforts to stabilize the commercial real estate sector. He further asked regulators to “redouble efforts to provide appropriate oversight” of the sector of the economy. Senator Dodd noted that Fed examiners at the U.S. central bank reported a “sharp deterioration” [...]
Read moreIs Commercial Real Estate Getting Better or Worse?
According to a recent report from Moody’s, commercial real estate prices increased 4.1 percent in December 2009. This is the second consecutive price increase in as many months and the single largest monthly increase in the history of the CPPI. However, prices are still 29.2 percent lower than they were one year ago, and 40 [...]
Read moreSpace for Lease in Glendale, Arizona
Commercial Real Estate
8151 West Union Hills Drive, Suite 105