 | IN THIS
ISSUE |
|
|
|
|
Attention Real Estate Owners & Investors! Congress has approved the
2008 Bonus Depreciation. What does this mean for you? Click here for
more information about how Bonus Depreciation could save you thousands
of dollars, and how O'Connor & Associates can help you get the most
value for your investment. Contact Mike Olivares at
1-800-856-7325.
|
|
Top Story
|
Bailout
Fatigue?: Developers Seek Federal Assistance
Staff report from National Real Estate Investor, Retail Traffic
and Lodging Hospitality
Fearing an onslaught of troubled commercial real estate loans in 2009
in the absence of normalized credit markets, leaders from trade
associations across the industry have banded together to request federal
assistance. But is there enough political will at the U.S. Treasury to
rescue once high-flying lenders and developers on the heels of bailouts
of the banking and auto industries?
In a letter to the U.S. Treasury dated Nov. 26, 2008, 12 commercial real
estate industry associations requested federal assistance in the form of
an “extension of the Term Asset-Backed Securities Loan Facility (TALF)
to guarantee, finance or purchase highly rated, asset-backed securities
collateralized by newly or recently originated commercial real estate
mortgages.”Read
full story here.
Back to Top ^
NET More with CCIM.
CCIM Institute is the governing body of the world's largest commercial
real estate network, with nearly 20,000 members in North America, Asia
and Europe. Through its respected CCIM education program, the institute
confers the Certified Commercial Investment Member designation to
qualified commercial real estate and allied professionals. A CCIM brings
an impressive depth of knowledge and added value to each client
assignment. The CCIM Institute's core competencies of networking,
education and technology (NET) clearly impact and influence the way CCIM
members do business. NET more with CCIM. For more information, please
visit www.ccim.com.
|
|
Online Exclusives
|
Exclusive
Research Reveals Lending Climate Fraught With Challenges
Staff report
A newly released study conducted jointly by National Real Estate
Investor and Marcus & Millichap Real Estate Investment Services shows
that investors are feeling the pinch of a capital crunch and slumping
U.S. economy. Some 60% of respondents to the 2009 Real Estate Investment
Outlook cite the availability of financing as their top concern in the
coming 12 months, followed by creditworthiness of tenants (29%), and
unforeseen shocks to the economy (28%).
The ink on the survey results was barely dry before those concerns for
“additional shocks” were realized. September produced stunning news
of government bailouts of financial giants Freddie Mac, Fannie Mae and
AIG, followed in October by unprecedented legislation promising $700
billion in aid to the ailing banking industry.
Of the 1,129 respondents, private investors constitute the largest group
(47%). Respondents have been in the industry an average of 20 years and
have an average of $32 million invested in commercial real estate. Some
65% of respondents indicate they are currently invested in multiple
property sectors.
The sixth annual investment outlook is currently available in the
December issue of NREI, or online at nreionline.com. Click on
“Research” on the home page to access the entire report.Read
full story here.
Back to Top ^
The
Penton Commercial Real Estate Group teamed up to produce a special
research report about going green. Click here to
download the Green Building Survey and Directory. For information on how
to participate in the 2009 directory, please contact Marianne
Rivera.
|
Sublease
Space Drives Up Manhattan Vacancy Rate
By Denise Kalette
In fresh evidence that New York’s office market is being buffeted
by the widening credit crisis and recession, sublease space has flooded
the Manhattan market, driving the vacancy rate up sharply in the fourth
quarter, according to New York-based FirstService Williams.
The office vacancy rate reached 8.1% for the quarter, with sublease
space registering 2.8%, the highest rate in more than three years,
according to FirstService Williams, a real estate services firm that is
a subsidiary of Toronto-based FirstService Corp.
Citigroup, Credit Suisse First Boston, Credit Lyonnais, Alliance
Bernstein, UBS, MetLife, Bear Stearns, and National Financial Partners,
placed nearly 1.2 million sq. ft. of sublease space on the market in the
fourth quarter.Read
full story here.
Back to Top ^
Introducing
the National Real Estate Investor Digital magazine.
Now you can read the full version of NREI with the interactive
capabilities only available online – clickable table of contents,
keyword searches, faster delivery, direct links to websites and it’s
eco-friendly. To test drive a sample digital edition, click here.
|
|
|
|
