Breakdown: My Analysis of a Deal That Was Too Good To Be True

I have been asked by more than a handful of friends and colleagues to write a post on a specific listing in Simi Valley, CA that was recently brought to market by CBRE. I decided to put my thoughts in writing and attempt to explain how exactly I would break this particular deal down and [...]

CREOBA in My Back Yard. Can’t Believe I Missed it.

Just this past week (on April 21st) my buddies from the Commercial REO Brokers Association (CREOBA) were holding court in my back yard – and I missed it!  In looking over the email announcement it appears the main topic of the event (other than networking with the key movers and shakers in commercial REO???) was [...]

No Debt Available For Good Deals? Correct.

Yesterday, John Reeder wrote a post on Marketwise titled “There’s No Debt Available, Even for Good Deals.”  In the post he pokes fun at the masses crying about the lack of available debt and makes the point that the only reason they can’t get debt is because the deals suck.  This may be true for [...]

Welcome MARKETWI.SE – Problem Solved (and my promise to you)

This is my first post here on MARKETWI.SE.  I am going to do my very best not to offend or alienate any of our early readers with the content of this post but I can’t promise anything.  I’m honored that John thought enough of my antics and limited knowledge of commercial real estate to invite [...]

Sellers and Prisoners’ Dilemma

Kevin Kleen has a very good blog titled Residential Property Analytics.  I’ve only been reading it for a short time, but already he has impressed me with the thoughtfulness of his posts.  He actually linked to a post of mine and he offered a pretty good rebuttal.  My original post had advised aggressive disposition strategies [...]

Money On the Sidelines

I love it when I hear that there is money on the sidelines.  Dirt Lawyer has a post up about this.

I think that the notion of money on the sidelines is kind of a funny one.  First, much of the so called capital on the sidelines is from limited partners that are free to revoke [...]

MGM CityCenter retail to be 30% vacant at opening

This is interesting (Globe St).  CityCenter is the massive new development on the Las Vegas strip.  You can see models of the development at a special kiosk in Mandalay Bay and it is striking.  But it is also in trouble.  MGM Mirage has had a difficult time selling condos in CityCenter, which it was relying [...]

Cap Rates: Closing/Asking Gap

Source: RealCapitalAnalytics

This data is from Real Capital Analytics.  The graph shows the difference between asking cap rates and closing cap rates for apartments.  The gap is wide and getting wider.

Sellers are not going to win this tug of war for the market.  Why won’t sellers win the tug of war?  Because they need what [...]

No such thing as credit tenants

This blog post from a SoCal real estate professional came up in one of my alerts.  As I have posted before, there still appears to be a general willingness to underprice risk.  This is obviously changing, but buyers that are doing deals today are doing them at prices that do not probably properly price in [...]

Dream Stocks for Real Estate Investors?

This article from Motley Fool is positively idiotic.  It’s about a month old, but it just showed up in an alert today.  Here are my observations:

I like the assumption that real estate investors should also purchase real estate related stocks (this is at least suggested by the article title).  Nothing like a little diversity right?  [...]