Author Archives: admin

Condominium Irrationality

A very interesting article, although probably obscured from most readers’ field of vision, appeared yesterday (October 3, 2012).  It was interesting not because the events were important or earthshaking but because it was an example of the kinds of horror … Continue reading

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EQUITY RESIDENTIAL TAKES UNNECESSARY HEAT

There was an interesting article in the WSJ on August  first describing the actions of housing activists in East Palo Alto, CA. It seems that the activists are very annoyed at Equity Residential, the REIT owners of a major apartment … Continue reading

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HAVE A CUP OF COFFEE AT STARBUCKS TODAY

The letter below from Howard Schultz appeared in many newspapers and while it has little to do with real estate it has a lot to do with the health of this country and is most appropriate for a 4th of … Continue reading

Posted in Condominiums, Eminent Domain, Property Developemnt, Property Ownership, Real Estate Economy, Real Estate Appraisal, Real Estate Investment, Real Estate Lending, REITs, The Real Estate Economy | Tagged | Leave a comment

CHANGES IN THE REAL ESTATE INVESTMENT ENVIRONMENT

The commercial real estate investment market has experienced substantial change over the years and it is questionable as to whether or not the change has been good for all participants including the developer/investor/owner, the tenant and the lender. Before real … Continue reading

Posted in Property Ownership, Real Estate Economy, Real Estate Appraisal, Real Estate Investment | 2 Comments

MORGAN STANLEY REAL ESTATE FUND PROBLEMS

The December 14, 2011 issue of the Wall Street Journal contained an interesting article about the problems facing the Morgan Stanley global real estate fund. The article points out that Morgan Stanley (MS) was forced to return about $700 million … Continue reading

Posted in Real Estate Economy, Real Estate Investment, The Real Estate Economy | 1 Comment

Goldman Sachs Takes A Loss

Buried on Page B 16 of the WSJ on Saturday, June 10, 2011, there was an article noting that Goldman Sachs suffered a major loss on its investment in the office building at 230 Park Avenue in Manhattan. This investment … Continue reading

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Retail Store Euphoria

A recent Wall Street Journal article described the migration of major U. S. retailers to Hong Kong as one of the worlds “top luxury shopping cities” and the fact that this surge is driving up rents for retail space. Hong … Continue reading

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APARTMENT RENTERS PLIGHT

A recent newspaper article described the high apartment rental costs faced by tenants in many American cities, sometimes reaching 50% of their income. There is little doubt that high rental costs cause people to forego other necessary spending on items … Continue reading

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IS THE REAL ESTATE MARKET RECOVERING?

Recent articles have suggested that a commercial/investment real estate recovery may be underway but, is that really the case or is it wishful thinking? Much has been written about the potential value recovery of the rental apartment sector with that … Continue reading

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HAVE OFFICE BUILDNGS RECOVERED?

The January 5th New York Times Business Section contained an interesting article reporting resurgence in office building transaction activity. The article pointed out that the activity was pretty much confined to primary markets like New York and Washington D C … Continue reading

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