The graph below is based on REIS data for the national retail market.
One of the discussion points on this site has been whether or not you can underwrite a deal to account for future (read increasing) weakness in the market.  The graph below shows effective rents for the national retail market.  It tells a story [...]

The graphs below are based on Real Capital Analytics and REIS data for the Phoenix retail market.  I don’t really have any reason for using the PHX data other than it was readily available to me and it helped illustrate my point.
This is not bottom.  To get back to the point that I was trying [...]

At the risk of beating this “market bottom” thing to death, I am going to be working on some charts and data that will provide some further color on the issue.  I do believe that there are indicators out there, that when taken together, can provide us some indication on the market and the relative [...]

There was an interesting discussion on this site yesterday related to my post on the Simon acquisition of Prime Outlets.  One of the themes in the discussion was whether or not it is possible to time the market bottom.  I will concede that predicting exact market bottoms and peaks isn’t an easy thing to do, [...]

One of the questions inherent to any market is whether it is ok to be a Buyer before the market hits absolute bottom.  This article on Simon’s acquisition of Prime Outlets got me thinking about the philosophy of market timing.
First, it’s probably important to note that it is ok to disagree about where the market [...]

Today is supposed to be the day that a deal that I have been working on for a year goes “hard”, with non-refundable money released to the Sellers.  It’s been a marathon of dealmaking with difficult and unique personalities on both sides of the deal.  Most of the time was spent trying to get the [...]

The below points have been sent to me and are purported to be notes from a recent Urban Land Institute meeting in San Francisco.  I have no way of validating the information, so feel free to take it with a grain of salt (or to simply dismiss it).  Most of it is stuff we’ve heard [...]

This article from Bloomberg underlined two key points that I think sum up the current state of the commercial real estate market:

CRE defaults remain a small part of the loan portfolios of U.S. banks.
Defaults are increasing at a rapid rate.

In order for the market to enter full distress mode, it is necessary that [...]

The CoStar Group has revolutionized the way we practice real estate yet again.  In this case, the revolution comes in the form of a flash-based activity map that displays in real time every time somebody conducts a search on Costar.  From the press release:
The industry-wide activity captured and displayed on CoStar’s online national activity map [...]

As a society we place a lot of emphasis on intelligence, or being “smart”.  But your personality, attitude, and general disposition also contribute a lot towards the results you see in professional life.  This post is about more than being a hard worker, or being tenacious.  This post is about the personality traits that others [...]