Asset Managers Take Lead Role in Keeping Properties Performing
GlobeSt.com - By Maria Wood - September 9, 2009
WOODBRIDGE, NJ-More than ever before, asset managers are playing an increasingly prominent role in helping owners, as well as lenders that have taken back assets as REO, keep properties cash flowing and filled with tenants.
“It is probably one of the biggest growth fields in real estate at this point,” declares Jonathan B. Schultz, managing principal at locally based Onyx Equities LLC, which does third-party asset management. That’s because with few sales being transacted nowadays, owners must meticulously asset manage the properties they do hold. Or they are asking their third-party asset managers to do the same.
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Office Market Overtime
CCIMs work long hours managing deals in this struggling sector.
www.ciremagazine.com - By Matt Hudgins - September/October 2009
The credit crunch has reduced office transaction volume to a trickle and factors weighing on the sector are likely to limit deal making through year-end. Asset values have declined nearly 30 percent from their peak, financing is scarce, and downward pressure on office fundamentals is exacerbating the wide gap between bids and asking prices.
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Slow Healing Process
The pace of capital recovery isn't fast enough to ease the pain for commercial real estate
National Real Estate Investor - By Matt Hudgins - July 2009
Despite promising signs that the two-year credit crunch is easing, small doses of debt can't soothe the suffering commercial real estate industry. Buyers and sellers remain paralyzed by a gap between bids and asking prices, and anemic sales volume is compounding the stalemate by depriving investors of sales data needed to set pricing.
Transaction volume across property types totaled just $2.1 billion in May, a fraction of the $9 billion in deals closed in May 2008, according to New York-based Real Capital Analytics.
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Some Buildings Not Living Up to Green Label
The New York Times - By Mireya Navarro, August 30, 2009
Builders covet a green certification, but many builders do not save as much energy as their designs predicted.
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