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Archive for the 'Developers' Category

Quality Developers, Great Track-Records, Yet Tightening Credit

By: Myles, March 17th, 2011

As reported in the January 28, 2011 edition of the Baltimore Business Journal, Maryland’s Cautious Banks Tighten Lending Requirement, the article reflects the current state of lending in Maryland.More specifically, examples are cited of secure, quality developers – with great track-records like Cignal Corp. — who are ready to build, but due to strick lending environments, […]

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Finally A CRE Greenshoot To Grab Onto

By: Myles, July 20th, 2010

Finally, some good news. Commercial real estate markets across the U.S. continued on their trend of improvement in the second quarter 2010, according to Moody’s. The news is more than welcome, in that some upward pricing movement is always a good sign for the market, if not for the industries psyche. But the long-standing problems are […]

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When will the CRE Bleeding Stop?

By: Myles, June 11th, 2010

Fitch reported today the commercial real estate (CRE) values continue to decline giving rise to greater loan losses on CRE. On the average throughout 2009, lenders recovered ONLY 43 cents on the dollar on distressed loans. And there’s more bad news; they see the loss rate only going up.

The average loss severity rate or the ratio […]

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2009 Baltimore Construction Down 62%

By: Myles, June 9th, 2010

So you thought commercial construction has been off? You’re right and in a big way ….
Completed construction projects in downtown Baltimore fell by 62 percent in 2009 as money for new offices, homes and shops virtually dried up across the region.
Downtown Partnership of Baltimore Inc., the marketing group for city businesses, released the figures in […]

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Extend and Pretend: Proof Positive …

By: Myles, May 26th, 2010

Funds giving investors money back? If ever there was a red flag, and in the end a litmus test regarding the state of Commercial Real Estate (CRE), here it is. According to a just published WSJ article, Dearth of Properties Spurs Fund Giveback some real-estate funds, which raised billions of dollars hoping to pounce on […]

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A CRE Lesson, from a Local Player

By: Myles, February 11th, 2010

We normally would NOT reproduce language from a prospectus filed with the SEC. HOWEVER the following language is culled directly from a very interesting and timely filing made by First Mariner Bank on Tuesday (2.9.10).
It is so related to our recent posts – regarding the collapse of the commercial real estate market and the heavy-weight […]

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No Green Shoot for CRE in the days to come …

By: Myles, February 11th, 2010

Here’s what MarylandCommercialTitle.com has been saying for more than two (2) years now. Could this truly be our reality?
Over the next several years, a watchdog group concludes that failed commercial real estate loans could litter American cities with empty stores and office complexes, cause hundreds of bank failures and weaken the economy.
Banks face up to […]

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2009 3rd Quarter CRE Survey from PricewaterhouseCoopers

By: Myles, September 16th, 2009

It is September 2009 and here are the headlines: Lack of Opportunity to Purchase Quality Assets Surprises Investors ….. Commercial Real Estate Sectors Expected to Deteriorate Through 2010. Who would have guessed that a full year post the Lehman collapse, we’d be here.

Despite a still-struggling U.S. economy, ill credit markets, deteriorating property fundamentals, and precipitous […]

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CRE Plummeting: MIT Center for RE Q2 ‘09 Results

By: Myles, August 7th, 2009

YEP … It is official: Commercial real estate (CRE) markets are now down into a severe and historic recessionary decline. Earlier this week the MIT Center for Real Estate released their Q2 2009 read on the nation’s commercial property market showing a stunning:

All commercial structures (as an aggregate PRICE): Down 32.07% year-over-year decline !!!
Decline of 36.33% in DEMAND.
Worse […]

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It’s Huge: Cap-And-Trade meets Real Estate

By: Myles, July 31st, 2009

A heads up for real estate professionals: H.R. 2454, the cap and trade legislation approved by the U.S. House of Representatives on June 26, 2009, if passed into law, would have a profound effect on the real estate sector.According to an excellent article by Leanne Tobia of Reuters, entitled, How the Cap-And-Trade Bill Could Transform […]

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