Playbook Management Company的动态

(I guess this adds more meaning to watching the Times Square Ball Drop) You'd think some of these forecasted rate cuts are in anticipations of private and public debt roll in next several years. This is not my direct space but heard there is a big gap here between the potential buyers and sellers (of commercial real estate) that hopefully finds a middle soon. Beauty of a somewhat free market economy. My personal opinion is the market just has to accept rates will not go or stay much lower and the commercial space will find more demand which will create more demand. Done thinking about it till 2024 - time for some eggnog. (have not added a disclaimer on a post in a while (I do not give advice) but just in case anyone reads this...) Trading in futures or securities entails significant risks of loss which must be understood prior to trading & may not be appropriate for all investors depending on their financial condition.?PCI provides no investment or tax advice; decisions you may make to buy, sell or hold a futures, options or securities position on any trading recommendation is entirely your own and not in any way deemed to be endorsed by or attributed to PCI.

A minimum offer of $7 million is sought for the corner property, which sits between two prominent development projects. To read the full article, head to:? https://lnkd.in/eFMQheFE For more Mid-Atlantic commercial real estate news, follow us on LinkedIn. To learn more about Philadelphia Real Estate Council visit https://precouncil.org/ ?#realestatenews? #PREC? #realestate? #philadelphiarealestate? #CommercialRealEstate? #CRE? #RealEstateInvesting? #IndustrialProperty? #PropertyManagement? #InvestmentProperty? #CommercialProperty? #AssetManagement? #CommercialBrokerage? #PropertyInvestment? #PropertyPortfolio? #CREIndustry? #PropertyValues? #CommercialRealtor? #RealEstateMarket

Great article by Doug Sams of the Atlanta Business Chronicle detailing the difficulty for future new spec #office construction projects to start given the intersection of stubbornly high construction inputs and the current expense/risk tolerance for debt and equity. For all new (non build to suit) construction delivered in Midtown (almost all of #Atlanta new construction) since 2021 or currently under construction there is less than 3,000,000 SF available today, in blocks ranging from 15,000 to 530,000 SF. Almost all have a walkable mixed-use story. In an Atlanta market even approaching normal, that could be 4-6 quarters of supply, and then we are very much supply constrained. Stream Realty Partners #creATL https://lnkd.in/eZFeTUVi

"Lease PENN 2 with Vornado and Cushman & Wakefield: Your Top Commercial Real Estate Solution" Read the full article below..

A downtown Los Angeles office building that sold for $92.5 million in 2018 just sold for $44.7 million. The Aon Center, Los Angeles' third largest building, sold for 45% less than its last purchase price in 2014. The commercial real estate (CRE) market crash is just getting started. Are you aware of the broader macroeconomic and financial implications? Do you understand your business's and your banks' exposure to CRE? You should... https://lnkd.in/giQ666P2 https://lnkd.in/gksTzAg4

News: Commercial buildings ‘stumbling towards a flex space model with their eyes closed’ Commercial property owners and agencies are struggling to attract and keep tenants, according to a report. But most building operators and asset managers are planning “drastic steps” without first collecting and making use of the vast amounts of insightful data available to them. Facilitate Magazine RobinsonsFM #robinsonsfm

This article is more of the same old bad news on office buildings, but there is one different point made in it that I feel is very important. Tenants, or more precisely their brokers, are closely evaluating the financial position of building ownership to make sure they have the ability to maintain the building going forward. Landlords with resources are installing saunas with steam rooms and cold plunge baths.? Lenders that are becoming landlords are taking forever to make decisions on lease terms. They are not built to make quick decisions on major capital investments like tenant improvements. Then if a lender rejects a lease proposal that building ownership has approved due to the cost of the TI and commission that building leasing efforts are dead in the water. It is very simple; leasing decisions are driven by tenant represented brokers. They work very hard to win an assignment to represent a tenant. Then their teams put all the time into selecting a building and negotiating a lease with that building. If the lender on that building rejects that lease all their time has been wasted and their client wonders why they select this broker. So, brokers will soon only be recommending buildings with the strongest balance sheets and ones that have no lender involvement in leasing decisions. The next step is that brokers representing buildings with substantial resources will start raiding buildings controlled by lenders and other zombie buildings to steal their tenants. If you were trying to lease office space in Texas in the 80's, you have seen this movie before. https://lnkd.in/gpxwH9GP

While new multifamily starts are slowing down overall, office-to-multifamily conversion projects now in active development or construction represent a record high. Here's a sampling of some of the largest conversion projects in progress across the U.S.

I think the vast majority of us know this sector within CRE is in for some massive pain. The broader CRE marketplace is also in for pain too, but the two questions that keep me up at night are: #1 How much of a correction are we in for in the broader CRE marketplace and for how long? #2 The question that really worries me is how will the CRE value destruction contaminate the residential real estate market? https://lnkd.in/gFC9czd8

I'm a huge fan of repurposing otherwise redundant buildings. Between 2021 and 2024 over 55,00 units were under construction within office to multifamily conversions. This article looks at the 5 largest conversions underway in the US. #officeconversion #construction #repurpose #multifamily #officetomultifamily