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Tag Archives: Real Estate Investment

Holliday Fenoglio Fowler Expands Florida Footprint

Holliday Fenoglio Fowler, LP (HFF), a provider of capital markets financing and loan servicing to the commercial real estate industry, announced Monday that it will expand its Florida presence by officially opening an office in Tampa with an immediate focus on investment sales. With the addition of the Tampa facility, HFF operates out of 19 offices nationwide.

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Cash Buyers and Investors Make Outlook for Condo Market Not as Bleak

Recent news has highlighted the severity of the renewed downturn in home prices, but Capital Economics says although condominiums will not escape altogether, over the next year or so condo prices are likely to fall by less than their single-family counterparts. The research firm notes that demand for condos is currently stronger than demand for single-family homes, due to cash buyers and investors seeking rental income. The condo market also boasts a lower delinquency rate, which suggests fewer foreclosed properties will support the supply of condos.

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North Carolina Firm Launches Distressed Commercial Real Estate Site

North Carolina real estate firm Jewell Realty, which specializes in bank-owned REO, foreclosed, and distressed properties in the commercial real estate sector, has launched a new Web site, which the company says is primarily a one-stop resource for quality commercial REO properties and other choice commercial bank foreclosures. Buyers can search for a private residence, a community development, a warehouse, an office building, and even open land.

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Vegas Sales at Five-Year High as Investors Seek Out Distressed Homes

Las Vegas region home sales held at a five-year high in March amid strong activity from investors and cash buyers focusing on foreclosures. Due to the large number of discounted, foreclosure properties on the resale market, the median sales price fell in the area. According to figures from DataQuick, the median price paid for all new and resale houses and condos sold in the Las Vegas metro area in March was $117,000, it's lowest mark since January 1996.

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Distress in Commercial Real Estate Sector Maintains Plateau

The research firm Delta Associates says distress in the commercial sector is maintaining its plateau. The company's analysts report that despite a $5 billion increase in the volume of commercial properties in foreclosure and lender REO over the last two months, the level of distress has remained in the $175 billion to $190 billion range since the spring of last year. They warn that the months ahead, though, could test the staying power of the stabilization seen thus far.

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Las Vegas Auction Brings $1 Billion in Distressed CRE to the Market

Auction.com and loan sale advisor Archetype Advisors will auction $1 billion of Nevada commercial REO properties and non-performing notes May 17-19 in Las Vegas. It is the largest commercial real estate (CRE) and note auction of its kind in U.S. history, according to a statement from Auction.com says the unprecedented volume of distressed real estate to be featured represents the bottom of the market for Nevada, and in particular, Las Vegas.

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Treasury’s Toxic Mortgage Program Pulls in $1.7B

The program launched by Treasury in March 2009 to take toxic mortgage assets off banks' books has earned $1.7 billion for taxpayers -- $500 million in dividends on the investments made and $1.2 billion in ""unrealized gains"" as the value of securities purchased under the program has increased. The private investment firms participating in the program - including the likes of AllianceBernstein, BlackRock, and Invesco - are seeing returns ranging from 27 to 75 percent.

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Today’s Real Estate Market a ‘Once-in-a-Generation Opportunity’

Greg Rand, a 20-year real estate veteran and CEO of OwnAmerica, says now is the time to invest in real estate. Rand compares the current market to the years following the Great Depression when market conditions sparked a boom that sustained 65 years of appreciation in real estate. ""It is true that this is a once-in-a-generation crisis. It is also true that this is a once-in-a-generation opportunity. It's time to focus on the other side of the coin,"" according to Rand.

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Analysts Weigh in on NAR’s Existing-Home Sales Report

The National Association of Realtors reported Wednesday that sales of previously owned homes rose 3.7 percent last month, following the 9.6 drop recorded in February. The results were slightly better than forecast, but reaction was mixed after the release of the report. One economist says sales have now stabilized at a level no higher than that seen during the recession, and with so many forced foreclosed sales, a recovery is not even on the horizon. But another points out that it's distressed properties that are helping to elevate sales activity as investors line up for a bargain.

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Moody’s: Commercial Real Estate Prices Just 0.8% Above Cycle Low

Prices on commercial real estate have slipped for three consecutive months and are now dangerously close to double-dip territory due to the large share of distressed transactions recently, according to Moody's Investors Service. The agency reported Wednesday that its index of commercial property prices fell another 3.3 percent in February. The index is down 4.9 percent from 12 months earlier and only 0.8 percent above its post-peak low set in August 2010. Approximately 29 percent of the transactions tracked in February were distressed.

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