tag:blogger.com,1999:blog-86138470837231108262012-01-28T11:04:39.190-08:00An independent commercial mortgage brokerage firmThe Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.comBlogger1001100tag:blogger.com,1999:blog-8613847083723110826.post-43995179460647083022012-01-27T17:05:00.000-08:002012-01-28T11:04:39.209-08:00

From a sales standpoint how well did we do in 2011 compared to previous years?  Shown below are the criteria we used to tabulate the results: Sales information from the CoStar database Transactions closed between January 1st and December 31, 2011 Investment properties only (no owner user) Property types - flex, industrial, mixed use, multifamily, office & retail Transactions with sales prices of

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-86940187322270277992012-01-13T18:58:00.000-08:002012-01-13T19:06:06.267-08:00

A while back I was asked to speak at a conference of college students from Kazak American Free University who were visiting the United States to learn about American business.  I titled my talk, "Advice for Those Just Starting Their Careers."  This week I stumbled upon my notes for this presentation and was rather impressed (if I do say so myself) with the principles I presented. These

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-72473934141613199622011-12-30T13:44:00.000-08:002011-12-30T13:44:12.606-08:00

The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama in 2010 is considered the most sweeping change in U.S. financial regulations since the Great Depression. Many of those regulatory changes will become effective beginning January 1, 2012. If you’ve listened for any length of time to the Republican presidential debates one of the re-occurring themes

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-42069346996636755022011-12-16T10:54:00.000-08:002011-12-16T10:54:03.315-08:00

The 24th Annual IREM Forecast Breakfast was awash in cautious optimism as the commercial real estate industry is slowly rebounding from the most difficult recession in our lifetimes. For 2012, each of the presenters, whether it be for office, retail, industrial or apartments, forecasted modest but steady improvements in both occupancy and rental rates for the Portland real estate market for the

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-112004578346354402011-12-02T14:42:00.000-08:002011-12-02T15:23:47.911-08:00

Last week the Dow Jones Industrial Average soared almost 500 points (4.2%) on the news that The Federal Reserve in a coordinated effort with five other central banks of the world came to the rescue of European banks. Specifically, The Fed’s action effectively gives these central banks access to a massive pool of new U.S. dollars that they can borrow at a very low rate of 0.5% to fund their

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-19150822827232899852011-11-21T14:50:00.000-08:002011-11-22T08:44:17.259-08:00

From time to time, I'll read a book that I think my readers would find of value.  Shackleton's Way: Leadership Lessons from the Great Antarctic Explorer by Margo Morrell and Stephanie Capparell is one of those books. In 1914, Ernest Shackleton and 27 others under his command start on a journey to be the first expedition to cross the Antarctic continent.  Their ship was caught in the ice,

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-52394904254855219622011-11-11T10:22:00.000-08:002011-11-11T10:27:38.833-08:00

I had the opportunity to hear John Mitchell’s economic forecast at the Sterling Savings Bank November 3rd breakfast meeting.  John always does an excellent job making a boring topic interesting.  There were no surprises in his presentation about the current economic situation, the gist of which was, the U.S. economy is growing, albeit at a slower rate than one would hope.   But I didn’t go to

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-84572291841413215102011-10-31T15:48:00.000-07:002011-10-31T15:48:02.817-07:00

Stock markets around the world surged dramatically last week with the news of the European Union’s Grand Plan (their name for it) of forgiving 50% of Greece’s sovereign debt. At first blush, it sounds like the sovereign debt crisis in Europe has been solved with this one decisive step. Reality is this will likely keep the euro alive for the next few weeks until the next crisis occurs. I could

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-54577919925207225812011-10-17T08:58:00.000-07:002011-10-17T08:58:06.851-07:00

The first 9 months of 2011 has come and gone!  From a sales standpoint how well did we do compared to previous years?  Shown below is the criteria we used to tabulate the results: Sales information from the CoStar database Transactions closed between January 1st and September 30th Investment properties only (no owner user) Property types - apartments, industrial, flex, office, retail, mixed use

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-10403644322954922062011-09-30T12:51:00.000-07:002011-09-30T12:58:12.204-07:00

Greece has been on the verge of defaulting on its debt for more than a year.  Each time the crisis looms its ugly head, European leaders, led by Germany's Chancellor Angela Merkel, come through with another temporary bailout plan that enables the Greeks to survive a little while longer.  But the decision makers about the Greek crisis have to know that Greece at some point is going to default.  So

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-69746092492714769292011-09-20T09:45:00.000-07:002011-09-20T09:45:24.800-07:00

Over the past several blog posts, I've focused almost exclusively on the sovereign debt crisis in Europe, and for good reason.  The next jolt to the world economy will likely come from Europe.  How well or should I say how poorly the European Union handles Greece defaulting on its bond obligations will determine the severity of the impact on the world economy.  There are lots of interesting

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-28367947292920551962011-09-05T18:39:00.000-07:002011-09-20T09:33:16.795-07:00

Earlier this year Bill Gross, the head of bond giant PIMCO, announced in grand fashion that he was getting out of U.S. Treasuries. His reasoning was quite rational: The end of the Fed's quantitative easing program, which ended in June, would be bad for bonds. Prices would fall causing yields (or interest rates) to rise. This would happen because the Fed was the number one buyer of U.S. debt.

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-70774885889943462272011-07-30T15:51:00.000-07:002011-07-30T16:26:18.440-07:00

You may be thinking I'm going to weigh in on the debt ceiling debate.  This reminds me of the old saying, "Fools rush in where angels fear to tread."  I'm not going there.  Not a chance.  I've heard everything from the world is going to end to nothing is going to happen and everything in between.  And likely you have too.   What I am going to discuss is a bizarre side effect of this fiasco: 

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-29157322135582050172011-07-15T13:47:00.000-07:002011-07-15T15:41:51.750-07:00

The first half of 2011 has come and gone!  From a sales standpoint how well did we do compared to previous years?  Shown below is the criteria we used to tabulate the results: Sales information from the CoStar database Transactions closed between January 1st and June 30th Investment properties only (no owner user) Property types - apartments, office, flex, industrial, retail, mixed use &

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-60113241877356418342011-07-06T14:49:00.000-07:002011-07-06T14:49:02.479-07:00

Quantitative Easing, which ended last Thursday, has had its successes and failures.  But before we look at the outcomes of QE let's quickly review what it is. The term Quantitative Easing (QE) describes a form of monetary policy used by The Federal Reserve to increase the supply of money in an economy where interest rates are at or close to zero.  The Fed does this by first crediting its own

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-45289911126365934092011-06-17T10:56:00.000-07:002011-06-17T14:21:41.095-07:00

I know that if I emphasize too strongly what is happening in Greece I will be accused of being another Chicken Little proclaiming that “the sky is falling.” But reality is that a default by Greece on its debt obligations will likely have a serious adverse impact on us in the United States. But before I explain why let me back up a bit and give you a brief overview of what’s going on. The Greek

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-31031948158723308002011-06-02T13:40:00.000-07:002011-06-02T14:19:42.793-07:00

Tom Potiowsky, the Oregon State Economist, revealed the latest economic news at the June 1st Oregon/SW Washington CCIM Chapter meeting, most of which was quite positive.  Shown below are the highlights: Oregon job growth surged in the first quarter of 2011 rising at an annualized growth rate of 5.2 percent.  This is the third strongest quarterly job growth since 1990.  On a year-over-year basis,

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-6776181182963911492011-05-24T10:10:00.000-07:002011-05-24T10:44:06.616-07:00

For those of us who believe the Federal Reserve, Wall Street and the major financial institutions in this country wield too much power, something recently happened that has me baffled.  In March the US Securities and Exchange Commission requested a few of the regional banks to clarify their loan modification policies, what we call in the business "extend and pretend."  Last month the Financial

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-75150551879797650242011-05-12T09:39:00.000-07:002011-05-13T13:45:41.920-07:00

In my last post I showed the first quarter sales results by property type for our region.  Not surprisingly, 42% of all sales for the quarter were apartments.  What was surprising was the strong showing from retail: 29% of all sales in the first quarter.  So I thought this deserved additional investigating. The CoStar Group recently had a webinar on the U.S. retail market.  The bottom line of

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-41101990697445107912011-04-26T15:17:00.000-07:002011-04-26T16:02:06.042-07:00

The first quarter of 2011 is over.  From a sales standpoint how well did we do compared to previous years?  Shown below is the criteria we used to tabulate the results: Sales information from the CoStar Group database Transactions closed between January 1st and March 31st Investment transactions only (no owner occupied) Property types - apartments, office, flex, industrial, retail, mixed use &

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-57782852102650224272011-04-12T16:52:00.000-07:002011-04-12T16:58:20.084-07:00

After decades of little or no inflation there is mounting evidence that the Federal Reserve's Quantatitive Easing program is beginning to take its toll on the value of the dollar.  Shown below are some of these indicators:The Producer Price Index (PPI), which measures average changes in prices received by domestic producers for their output, is up 5.6% for the twelve months ending February 2011.

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-15078216513517269682011-03-28T15:54:00.000-07:002011-03-28T16:15:41.078-07:00

James Montier, the well known author of "The Little Book of Behavioral Investing" recently wrote an article called "The Seven Immutable Laws of Investing."  In this article he identifies seven principles for sensible investing in the stock or bond markets.  I was intrigued by the title so I read the article and somewhere along the way I realized that 6 of these 7 "immutable laws of investing"

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-80871594585486957022011-03-16T11:44:00.000-07:002011-03-16T16:32:29.579-07:00

Last week Bill Gross, who runs the world's largest bond fund at Pacific Investment Management Co., sold all government related U.S. debt from PIMCO's $237 billion Total Return Fund.  You may be thinking, "Why is this tidbit of news important to us?"  Good question.  When someone who is as knowledgeable about the bond market as Mr. Gross decides to get out of U.S. bonds there's a good chance that

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-13159450635353411792011-02-22T14:30:00.000-08:002011-02-22T16:16:20.548-08:00

By Doug Marshall I recently came across the following U.S. employment chart which got my attention and should get yours too.  The chart shows U.S. employment growth by decade from 1940 through 2010.  Every decade from the 1940s through the 1990s showed positive job growth of at least 20 percent.  But the decade from 2000 to 2009 showed negative job growth.   In other words the Great

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-35848755256143014692011-02-08T15:53:00.000-08:002011-02-08T15:53:02.971-08:00

By Doug Marshall, CCIM Tanya Williamson in my office went through the laborious task of tabulating all of the transaction activity for the past five years.  Below is the criteria she used in compiling the data: Source - CoStar Group database Investment sales activity only, no owner occupied Property types included Office, Flex, Industrial, Retail, Mixed-Use and Multi-Family Transactions with a

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com1tag:blogger.com,1999:blog-8613847083723110826.post-17613399275036851802011-01-18T16:16:00.000-08:002011-01-19T10:02:43.998-08:00

One of the best barometers of an improving economy is reflected by a positive trend in office vacancy. As reported January 4, 2011 by the Wall Street Journal, the fourth quarter of 2010 was the first quarter since the end of 2007 that office properties in the U.S. registered an increase in occupied space (see chart below).Other important tidbits from the article:Business vacated 138 million SF of

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-65628021450045800092011-01-04T15:08:00.000-08:002011-01-04T15:29:41.062-08:00

Doug Marshall, CCIMMarket AssesmentBack in December I asked my reading audience to give their opinions about what the commercial real estate market would look like in 2011.I was pleasantly surprised by the number of people who responded. Thank you. Generally those who responded had similar thinking about the coming year as I did. So here goes:· It’s the economy stupid!

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com1tag:blogger.com,1999:blog-8613847083723110826.post-29972025548041546152010-12-16T16:13:00.000-08:002010-12-16T16:43:22.376-08:00

by Doug Marshall, CCIM Market AssessmentOver the past 60 days, the yields on 10-year Treasury notes have increased from 2.41% on October 8th to 3.53% as of December 15th, an increase of 1.12%.What's going on?Let's begin with a US Bonds 101 class. The 10-year Treasury note has become the security most frequently quoted when discussing the performance of the U.S. government bond market and is

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-58010064325211984182010-12-04T10:08:00.002-08:002010-12-04T11:51:28.842-08:00

Doug Marshall, CCIMMarket AssessmentIf you’ve listened to the news or read a newspaper in recent weeks there is a new buzz phrase being bandied about: Quantitative Easing. So what is it? The term Quantitative Easing (QE) describes a form of monetary policy used by The Federal Reserve to increase the supply of money in an economy when the bank interest rate, discount rate and/or interbank

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com1tag:blogger.com,1999:blog-8613847083723110826.post-58258853307067895082010-11-02T16:09:00.000-07:002010-11-02T16:57:33.326-07:00

Doug Marshall, CCIMMarket AssessmentShown below is an article written by Ted Jones, PhD who is the Senior Vice President-Chief Economist for Stewart Title Guaranty Company.Mr. Jones opines about why interest rates will rise in the near term. He predicted back in August that rates would rise 100 basis point increase (1%) before the end of this year!I wrote last month how a typical Japanese

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-50915983124715474252010-09-23T17:09:00.000-07:002010-09-23T17:29:23.726-07:00

Doug Marshall, CCIM Market Assessment I thought you would find the following article from Pacific Investment Management Company’s Chairman, Mohamed A. El-Erian interesting and informative.This article was originally published on ftalphaville.ft.com on September 19, 2010. PIMCO is an investment company that manages the Total Return fund, the world’s largest mutual fund.Shown below are Mr.

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-62425147951536057442010-09-09T20:11:00.000-07:002010-09-09T20:28:36.565-07:00

Doug Marshall, CCIMMarket AssessmentSecond quarter banking results show strong evidence that U.S. banks are beginning to dig themselves out of the big hole they’ve been wallowing in for the past three years.Among some of the rosier statistics are:The FDIC second quarter numbers showing 90-plus day delinquencies leveling off and eventually set to decline because 30-89 day delinquencies are

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-53426183615331610842010-08-25T14:21:00.000-07:002010-08-25T15:45:28.231-07:00

Doug Marshall, CCIMMarket Assessment Whether you read the Norris & Stevens most recent Apartment Investors Journal or listen to CoStar’s recent webinar overview on the U.S. apartment market or read Portland State University’s Real Estate Quarterly for August, all are in agreement – THE APARTMENT MARKET IS ON THE MEND!The apartment market bottomed out in the last half of 2009 and several factors

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-23599746145919244692010-08-08T16:36:00.000-07:002010-08-08T16:46:58.675-07:00

Doug Marshall, CCIMMarket AssessmentIn my last market assessment we analyzed the transaction activity for the first 6 months of 2010 compared to previous years.This information was taken from the CoStar database for transactions above $1 million, for investment properties (no owner occupied) and for the geographic area from Kelso to Eugene along the I-5 corridor including Bend.To summarize, there

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-91958696180551781762010-07-28T15:41:00.001-07:002010-07-28T16:08:38.814-07:00

Doug Marshall, CCIMMarket AssessmentThe first 6 months of 2010 has come and gone and we’re well into in the second half of the year!Tanya Williamson, in my office, analyzed the transaction activity this year and compared it to the activity in the first six months for the last four years to get an idea of where things were and where they are today.To come up with this information she used the

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-48208730376616610162010-07-09T14:57:00.000-07:002010-07-09T16:00:10.176-07:00

Doug Marshall, CCIMMarket AssessmentYou have three basic options to consider when shopping for a commercial mortgage loan. You can choose to:Finance your property with a lender you already do business with,Shop the mortgage market on your own, or,Employ the services of a commercial mortgage broker to shop the market. For most property owners the option that significantly improves your

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-25064636737627767952010-06-22T11:07:00.000-07:002010-06-22T12:42:33.492-07:00

Doug Marshall, CCIMMarket AssessmentIn today’s commercial real estate environment it is imperative that we do everything we can to get the few deals that are out there closed.We certainly don’t want to be the cause for a sales transaction going sideways and yet many times we can inadvertently put a deal at risk.Shown below are eight ways a real estate broker can help his chances of his deal

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-13936639288708740242010-06-09T16:31:00.000-07:002010-06-09T16:47:56.687-07:00

Doug Marshall, CCIM Market AssessmentTom Potiowsky, the State of Oregon Economist, recently presented his most current status of the Oregon economy to the Oregon SW Washington CCIM chapter.His presentation, titled “Oregon Economy: Up the Long, Long, Long Road to Recovery”, aptly summarized his findings.The good news: the economy, which bottomed out last fall, is now growing again, although ever

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-37230017255800607652010-05-26T09:36:00.000-07:002010-05-26T09:57:50.102-07:00

Doug Marshall, CCIMMarket AssessmentFrom time to time I quote a well-written article verbatim. This is one of those times.I found this insightful article on the Globe St. com blog discussing what’s currently happening with Fannie Mae and Freddie Mac. It was written by Sule Aygoren Carranza who is the New York City-based editor of the Real Estate Forum and multifamily editor for GlobeSt.com.

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-60798645226463769322010-05-10T12:59:00.000-07:002010-05-10T13:13:37.122-07:00

Doug Marshall, CCIMMarket AssessmentPublished May 4, 2010On April 27, Greece had their bond status cut by Standard and Poor’s, downgraded to ‘junk’ status, which set off a chain reaction in stock markets throughout the world. On the same day Portugal, too, had their bond rating reduced. A day later, Spain’s debt got classed lower, from AA+ to AA. Who’s next?The critical question is

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-78740938731026926972010-04-27T10:46:00.000-07:002010-04-27T10:58:42.526-07:00

by Doug Marshall, CCIM Market AssessmentIt’s become a cliché: “The economy is recovering! The rebound is here!”But after reading many reports like this, sometimes based on spotty evidence and flimsy source material, it’s still a large and looming question. Are we seeing real growth, and if so, is a recovery happening in the Pacific Northwest?If growth, wouldn’t that be encouraging for those

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-31716222451430309612010-04-13T11:59:00.000-07:002010-04-14T10:32:35.733-07:00

Doug Marshall, CCIMMarket AssessmentSet aside all the arguments for or against the recently passed health care bill. There are good, altruistic people on both sides of the debate that want what’s best for this country.Forget all that and simply ask yourself this: Where’s the money to pay for it? Take a look at this simple but frightening chart whose sources are the Congressional Budget Office

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-27076118948234703422010-04-01T12:49:00.000-07:002010-04-01T13:05:33.263-07:00

As Yogi Berra once said, “It’s déjà vu all over again.” Actually it’s “sì céng jiàn guò”. And not in a good way... The problem? The real estate market in China has exploded across this nation. In China these days apartments and property, of any kind, are selling so fast that demand has exceeded supply in many places.Prices are skyrocketing and prospective homeowners are hurriedly

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-27207511202223832252010-03-16T10:49:00.000-07:002010-03-16T11:27:45.118-07:00

by Doug Marshall, CCIM Market AssessmentIt is not often that I agree with an editorial written by The Oregonian Editorial Board. And it’s even less often when I just quote an article (it’s been shortened a bit) without comment. But this article is spot on and needs no comments by me. Please read this insightful opinion piece regarding the current commercial real estate banking crisis.The

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-84202046673236872112010-03-05T15:43:00.000-08:002010-03-05T15:44:25.153-08:00

by Doug Marshall, CCIMMarket AssessmentLast week I showed you who in 2009 was lending on apartments. If you did not read that post and would like me to re-send it, please contact me.This week I have the final results of who was lending in 2009 on commercial real estate sales transactions. But first I must define what I mean by commercial real estate.I am referring to investor-owned real estate (

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-68507255853336924932010-03-05T15:28:00.000-08:002010-03-05T15:37:27.209-08:00

The final results of all apartment sales transactions for 2009 have been tabulated.The CoStar Group identified 65 arms length apartment transactions that took place along the I-5 corridor from Kelso, Washington to Eugene, Oregon including Bend that were $1,000,000 or more in size.As a mortgage broker my primary interest is who financed these 65 transactions and do I have access to these lending

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-33068597856938600772010-02-18T12:32:00.000-08:002010-02-18T12:43:39.935-08:00

by Doug Marshall, CCIMMarket AssessmentAnd we thought we had problems...The global financial crisis continues to rock governments and shake all sectors of life. Right now, it’s Greece who faces the biggest challenge that a country could: default on a national scale. Over the past two weeks, Greece has come under massive attack from the European Commission, global banking and capital market

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-32325404332033616262010-01-21T15:31:00.000-08:002010-01-21T15:52:33.862-08:00

In my last market assessment, I summarized some salient points in the 2010 commercial real estate forecast presented in Emerging Trends in Real Estate.This publication is a joint undertaking by the Urban Land Institute and PricewaterhouseCoopers. It reflects the views of more than 900 real estate professionals and is considered one of the best researched real estate periodicals of its kind.This

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Emerging Trends in Real Estate is a trends and forecast publication undertaken jointly by the Urban Land Institute and PricewaterhouseCoopers.This publication is considered by many as the best researched real estate periodical of its kind. Their 2010 edition reflects the views of more than 900 real estate professionals. Their forecast for this coming year isn’t pretty; in fact to be blunt, it’s

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Doug Marshall, CCIMMarket Assessment Published December 8, 2009In a previous market assessment, I identified seven things that need to occur before commercial real estate lending can return to normal (whatever the new normal is going to be):The overall economy needs to improveCommercial real estate fundamentals (vacancy rates and rental rates) need to stabilizeForeclosures need to occur so banks

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by Doug Marshall, CCIMMarket AssessmentPublished November 23, 2009In my market assessment dated November 3, I identified seven things that need to occur before commercial real estate lending can return to some semblance of normality.Some of these are obvious. Others are counter-intuitive. In order to recover:The overall economy must improveCommercial real estate fundamentals need to

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-31763380859711747712009-11-05T16:50:00.000-08:002009-11-05T17:21:30.935-08:00

As everyone knows, the commercial real estate capital markets have been in turmoil since June of 2007, when the single family sub-prime lending debacle first appeared on the scene. Since that time, the lending market has slowly but - ever so consistently - continued to deteriorate. There are fewer lenders lending today than at any other time during this credit crisis and those who are lending

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-77782175471034507812009-10-06T11:38:00.000-07:002009-10-06T11:47:39.324-07:00

by Doug Marshall, CCIMMarket AssessmentPublished September 30, 2009And the hits just keep onnnnn comin’!After having committed earlier this year to a policy of artificial stimulus of the mortgage market, the Fed made the announcement on September 23rd that they were withdrawing – or at least not expanding – direct purchases of mortgages and government debt.Most “experts” believe this decision to

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by Doug Marshall, CCIMMarket AssessmentPublished September 15, 2009During America’s recent economic swan dive, we must admit that we have issued some dire warnings and predicted some difficult times.But we’ve also come to the conclusion that we need to focus our attention these days on some key financial indicators instead of rambling all over the place about the bad news.Right now, we believe,

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by Doug MarshallPublished September 10, 2009Back for an “encore performance” is a 3-part series that I sent out in January. For those of you who missed it the first time, or who want to re-read it again, read below.Over the last two weeks I have re-sent Parts 1 and 2. Today is the third and final part to this series. Enjoy!In this series’ first installment, I discussed getting back to basics,

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-2471110723116644642009-09-03T12:18:00.000-07:002009-09-03T12:59:48.291-07:00

Doug Marshall, CCIMPublished September 3, 2009Back for an “encore performance” is a 3-part series that I sent out in January. For those of you who missed it the first time or those who want to re-read it again, read below. Last week, I re-sent Part 1. Today is the second part to this series. Enjoy!In my previous installment, I discussed getting back to basics, staying absolutely focused on the

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-12880473070776218762009-08-27T13:11:00.000-07:002009-09-03T13:02:32.839-07:00

by Doug Marshall, CCIMPublished August 27, 2009Back for an “encore performance” is a 3-part series that I sent out in January. For those of you who missed it the first time or those who want to re-read again, read below. Enjoy!The downward spiraling of the economy has not yet bottomed out. No one knows where this is heading. Not the experts, not those in high office, no one.Watching the harmful

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Doug MarshallMarket AssessmentPublished August 20, 2009Oh, how exciting! Houston, we have a positive indicator.For months, the news on the economy, especially as it relates to commercial real estate, has been gloomy.Looking at the numbers, it’s been too difficult for us to believe that the “recovery” considered underway for the economy in general is going to apply, in real-time, to commercial

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-61229694190273462432009-08-11T16:15:00.000-07:002009-08-11T16:25:28.388-07:00

Doug MarshallMarket AssessmentPublished August 4, 2009Yes, hindsight is 20/20. Yes, wearing the mantle of officialdom often means having to censure oneself and not say what you know, for the greater good.Shown below is a very illuminating speech by Ben Bernanke, current Chairman of the Federal Reserve, back in 2002 before he attained his lofty position and had reason to hold his tongue.After

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Doug MarshallMarket AssessmentPublished July 28, 2009In our daily business of mortgage brokering and facilitating commercial real estate loans, we have been hampered by large holes in our lender list.I’m constantly reminding borrowers that sectors of the lending market that would have aided them in past years are gone – just gone – and we don’t know if they’re coming back.One of those lending

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com1tag:blogger.com,1999:blog-8613847083723110826.post-44106004116779387952009-07-23T11:48:00.000-07:002009-07-23T12:00:55.289-07:00

Doug MarshallMarket AssessmentPublished July 22, 2009Signs of economic improvements, at the moment, are small but persistent: dire economic collapse is no longer a worry; the contraction of real GDP growth is slowing; the pace of job losses is lessening…The question now is whether we’re near the bottom of this economic downturn, or if there’s more on the horizon – another proverbial shoe dropping

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-71642260308639504972009-07-06T12:05:00.000-07:002009-07-06T12:17:30.802-07:00

Doug MarshallMarket AssessmentPublished July 6, 2009The numbers are alarming… probably because they’re simply so huge. And for some reason, the conversation about this doesn’t seem to be happening.While most attention in commercial real estate today is focused on the dramatic deterioration in term loan performance (i.e. defaulting loans), an even more troublesome issue is the extent to which

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-7244568760963175192009-06-16T11:37:00.000-07:002009-06-16T11:57:43.682-07:00

Doug MarshallMarket AssessmentPublished June 16, 2009Many have written on the reasons and rationale for the current market and economy downturn, including us. But for many struggling in this debt-toxic atmosphere, especially in the real estate industry, the more pressing question remains: what’s still to come?Prognosticators abound but we are intrigued by the long-maintained predictions of Dennis

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-90702499004771169342009-06-03T10:02:00.000-07:002009-06-03T10:09:02.378-07:00

Doug MarshallMarket AssessmentPublished June 3, 2009The housing crisis – the frozen credit tundra – the bipolar stock market… We’ve heard these bad tidings for over a year now, and more.What is not being talked up yet (because we’re only on the cusp of it), is the rise in commercial real estate foreclosures and the potential impact that future defaults on commercial loans might have on an already

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-74303183468164504332009-05-28T09:38:00.000-07:002009-05-28T09:45:44.979-07:00

Doug MarshallMarket AssessmentPublished May 27, 2009What do borrowers have to do get the financing that they require to survive the credit crisis? Ryan Krauch, writing for CIRE Magazine, is emphatic (and very right) on this point – borrowers are going to be forced to adjust their realities.The good ol’ days are just that – OLD. They are gone; they’re over and done with and they’re not coming back

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-450367124939293692009-05-14T11:31:00.000-07:002009-05-14T11:44:08.595-07:00

Doug MarshallMarket AssessmentPublished May 14, 2009Back in January I wrote an article titled How To Survive the Economic Downturn. The Portland Business Journal recently printed it in a shorter version, shown below._____________________________________________The downward spiraling of the economy. No one knows where this is heading. What’s worse: there is very little you can do to minimize the

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-6968290978021909012009-04-30T11:39:00.000-07:002009-04-30T11:47:33.342-07:00

Doug MarshallMarket AssessmentPublished April 30, 2009I hate being right these days.In a previous post, I talked about a "different kind of boom" where maturing CRE mortgages ($814 billion worth) and the inability for many to find refinancing threaten the very fabric of the commercial real estate market.Now a large and prestigious corporation has unfortunately presented a very real example of

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-17834170275320768882009-04-27T11:34:00.000-07:002009-04-27T11:37:43.737-07:00

Doug MarshallMarket AssessmentPublished April 15, 2009Over the next three years a record volume of commercial real estate loans, $814 billion, will be coming due. In normal times, that would not be a problem. But in a very tight credit market this is a potential recipe for disaster, according to a newly released report from Foresight Analytics.Already, the refinancing wave has taken shape. Matt

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-7795596178154357172009-04-08T10:41:00.000-07:002009-04-08T10:55:36.148-07:00

By Doug MarshallMarket AssessmentPublished April 8, 2009Fear is rife and worry is rampant. The economy’s ills are affecting the mood and optimism of a world that’s been sent into a downward economic spiral.Or so it seems on the street…From an investor’s standpoint, however, there are some positive signs that recovery may be coming. Not today, not tomorrow, but soon and hopefully of an enduring

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-35167314490154729472009-03-25T09:52:00.000-07:002009-04-08T10:57:26.905-07:00

By Doug Marshall Market AssessmentPublished March 25, 2009It's no secret that the economy is doing poorly. But until I saw this chart by Chart of the Day, I didn’t know how poorly. This chart provides some perspective as to the magnitude of the current economic decline.Twelve month earnings, as-reported by the S&P 500, have declined over 80% over the past 18 months, making this by far the largest

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-31500502655019282722009-03-19T12:35:00.000-07:002009-04-08T10:57:49.855-07:00

By Doug Marshall Market Assessment I am often asked, “Why are commercial mortgage rates so high if Treasury yields are at historic lows? Shouldn’t the all-end mortgage rate reflect the lower treasury rate?”It’s a good question, but like other answers to life’s most pressing problems it is simplistic and doesn’t reflect reality.Here’s why: BECAUSE THEY CAN! The few that are lending can charge

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-63095586649161266842009-03-10T15:10:00.000-07:002009-03-10T15:24:30.019-07:00

Doug MarshallMarket AssessmentPublished March 9, 2009A recently completed apartment survey by Norris & Stevens strongly suggests that the apartment rental market remains robust in spite of a weakened economy.Norris & Stevens surveyed over 150,000 units including 17 submarkets of the Portland metro area, and the 5 major cities of the Willamette Valley – Salem, Albany, Corvallis, Eugene and

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-76875043404652598882009-02-26T11:36:00.000-08:002009-02-26T11:47:10.431-08:00

Portland State University Center for Real Estate recently completed its 1st Quarter 2009 real estate market analysis.This very well written and researched report is an extensive review of the major property types primarily focused on the Portland MSA, but also other cities throughout the region. Shown below are some of the highlights:Overall Real Estate MarketGrubb & Ellis ranks Portland in the

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-68718126560735065582009-02-19T11:52:00.000-08:002009-02-19T11:58:53.144-08:00

You don’t want to miss a very informative and well-produced documentary that is scheduled to air on February 25th at 5:00 p.m. and again on March 1st at 9:00 p.m., on CNBC, called House of Cards. (Check your CNBC TV listings, to make sure.)In this piece, award-winning anchor/reporter David Faber takes the public into the back rooms of lending institutions and Wall Street firms that created,

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-69744060170804350552009-02-11T10:05:00.000-08:002009-02-11T10:23:41.953-08:00

by Doug Marshall, CCIMMusings On The MarketIn this series’ first installment, I discussed getting back to basics, staying absolutely focused on the task at hand, and differentiating yourself from your competitors.Click here to read Part 1, if you missed it.Part 2 continued by discussing how to remain 110% committed to your career, the value of redefining yourself - sometimes a good move in a bad

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-53951238471986000102009-02-05T10:48:00.000-08:002009-02-11T10:25:05.230-08:00

Doug Marshall, CCIMMusings On The MarketIn my previous installment, I discussed getting back to basics, staying absolutely focused on the task at hand, and differentiating yourself from your competitors. See the previous post to read Part 1, if you missed it.Be 110% Committed To Your CareerI had a friend, years ago, when I was first starting out as a commercial mortgage broker. We both were

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-87711971950082608332009-01-29T11:28:00.000-08:002009-02-11T10:25:39.764-08:00

Doug Marshall, CCIMMusings On The MarketThe downward spiraling of the economy has not yet bottomed out. No one knows where this is heading. Not the experts, not those in high office, no one.Watching the harmful repercussions of this bad economy is like watching a train wreck in slow motion: there is very little you can do to minimize the carnage.It’s going to happen, with or without you. The best

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-31413239085922280772009-01-23T10:54:00.000-08:002009-01-28T11:13:13.166-08:00

This week I received a very insightful market assessment from Kevin Geraci of Zions Bank and he granted me permission to quote from it liberally and then send it on to you.Doug Marshall, CCIM2008 Market RecapBear Stearns and Lehman Brothers, two near-Biblical names on Wall Street, are no more. Freddie Mac and Fannie Mae were seized by the U.S. government. Merrill Lynch was absorbed by Bank of

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-64199647510943221642009-01-05T10:23:00.000-08:002009-01-05T11:05:53.277-08:00

A new year is upon us, full of challenge and promise. All over the country people are looking forward to making this a better year than 2008 was.In the world of commercial real estate (CRE), however, and in the economy in general, a darker scene at the start of a new year has rarely been encountered.Without getting maudlin, it's true that experts, economists, and CRE professionals are making the

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-87203131708491829312008-12-18T12:50:00.000-08:002008-12-18T12:59:57.807-08:00

Doug MarshallMarket AssessmentPublished December 18, 2008While brokers watch commercial lending sources dry up and investors and consumers sweat over their IRA’s and 401(k)’s, concern over one’s personal welfare can sometimes cause us to lose perspective on the depth of the credit and liquidity crisis affecting the nation.It’s amazing to consider just how big this one-time credit crunch, now a

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-65834299676537825182008-12-12T10:23:00.000-08:002008-12-12T10:40:21.322-08:00

The nation’s third-largest title insurance company, LandAmerica Financial Group, has been forced to file for Chapter 11 reorganization, with the sale of its underwriting subsidiaries to Fidelity National Financial.The announcement, made Wednesday of last week, marked yet another tremendous loss to the mortgage crisis, on a national level.Having already lost its subsidiary LandAmerica 1031

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-84935005919378544262008-12-05T12:23:00.000-08:002008-12-12T10:44:41.455-08:00

Doug MarshallMarket AssessmentDecember 5, 2008It’s hard to keep up with the news in this market. Not more than a couple of months ago, we were all worried about runaway inflation with oil prices leading the way. What a difference a few months make.Now, the worry is deflation. Deflation is a period of falling overall prices. Prices can drop in order to reflect an adjustment in the market. It’s

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-72693949876807783332008-11-10T11:10:00.000-08:002008-11-11T10:52:49.137-08:00

Doug MarshallMarket AssessmentPublished November 11, 2008The future may not be quite as grim as some make it out to be. In a recent study conducted by Jones Lang La Salle (JLL) they discovered that almost half of the CRE professionals they polled expected activity and investing to pick up in 2009, a big jump from earlier and heavier skepticism.JLL is a financial and professional services firm

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-17578331680689019332008-10-30T12:16:00.000-07:002008-10-30T12:28:23.094-07:00

Doug MarshallMarket AssessmentPublished October 30, 2008 Emerging Trends in Real Estate is a 30-year old annual publication, focusing on the real estate and land use industry. It is co-authored by ULI (the Urban Land Institute) and PricewaterhouseCoopers LLP. It surveys experts from all sectors of commercial real estate and comes back with a report on where they believe the industry stands and is

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-36502636121364880412008-10-14T11:29:00.000-07:002008-10-14T11:39:49.176-07:00

Doug MarshallMarket AssessmentPublished October 14, 2008Last week the U.S. central bank, in a coordinated monetary policy move along with other major central banks worldwide, lowered the federal funds rate by 0.5% to 1.5%.The purpose of this decision was to help calm the credit markets by taking another step towards stabilizing the global financial system.The federal funds rate is the interest

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-74449118240776138742008-10-01T11:16:00.000-07:002008-10-28T09:32:25.311-07:00

Doug MarshallMarket Assessment/ReviewPublished October 1, 2008Last Friday I had the opportunity to attend the 3rd Annual CCIM/CID Conference in Bend, Oregon. The guest speaker was Dr. John Baen, professor of Real Estate at the University of North Texas. For three intense hours, Dr. Baen had the audience on the edge of their seats as he explained in layman’s terms what was happening in the capital

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-35317542306360395302008-09-19T12:14:00.000-07:002008-10-28T09:34:01.370-07:00

Doug MarshallMarket AssessmentPublished September 18, 2008The Oregonian, citing anonymous sources, revealed in today’s paper that Washington Mutual now seems prepared to “throw in the towel.”The ailing Seattle thrift has hired Goldman Sachs (GS Quote - Cramer on GS - Stock Picks) to begin an auction, several media reports including The New York Times are saying. The obstacle, however, is that no

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-76402172202489243472008-09-08T10:10:00.000-07:002008-09-26T11:21:35.977-07:00

Doug MarshallMarket AssessmentPublished September 8, 2008The other foot has finally dropped. What many experts were expecting to happen has happened quietly over the weekend. The two lending giants, Fannie Mae & Freddie Mac, are being taken over by the Treasury Department, at least temporarily.This move by Treasury represents the most significant intervention by the government in the financial

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-70021701103689286232008-08-18T12:35:00.000-07:002008-08-18T12:54:59.469-07:00

Doug Marshall Market AssessmentPublished August 19, 2008re·val·u·ate / riˈvælyuˌeɪt / ree-val-yoo-eyt:to increase the legal exchange value of (a nation's currency) relative to other currenciesIn hard times, it’s always encouraging to hear good news.This week, that good news concerns the almighty dollar, which has taken a beating in recent months, since the sub-prime collapse and the upheaval in

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-20280855694837104732008-07-30T12:28:00.000-07:002008-08-01T10:22:57.459-07:00

Doug MarshallMarket AssessmentJuly 31, 2008It’s the question of the moment… where are we in the financing freefall? Are we still going down or are we ready to rise?In a recent presentation, Eric H Better, a Vice President with George Smith Partners, listed both the positive and negative aspects of the current commercial real estate market:The positives:Default rates on CMBS loans are 0.33% which

The Teamhttp://www.blogger.com/profile/09796060072019108104noreply@blogger.com0tag:blogger.com,1999:blog-8613847083723110826.post-13926079552217801952008-07-18T09:53:00.000-07:002008-12-10T00:07:00.931-08:00

Written by Tanya GerritzPublished July 18, 2009There’s so much going on right now I don’t really know where to start. Well first off, as you will see below, I added some other information to show you how the market has changed over the past year.Now I could continue to focus on the current economic worries – oil prices, trade deficits, weak currencies, high unemployment, inflation, and so on but

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An Old Law for a New Step at the Fedby Sudeep ReddyJuly 14, 2008 @ 12:24 amThe latest turn in the Federal Reserve’s efforts to prevent a deeper economic crisis came with its vote Sunday to authorize direct lending to Fannie Mae and Freddie Mac.The central bank invoked powers established by Congress during the Great Depression to lend to individuals and companies, using a different piece of the

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Doug MarshallMarket AssessmentPublished July 9, 2008In assessing America’s current credit crunch and the past year’s near-collapse of markets, an important observation has been made by San Francisco Federal Reserve Bank president, Janet Yellen.It was the securitization and distribution of bundled mortgage-backed assets that was the “key driver” of our hyper-inflated real estate market, argues

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Doug MarshallMarket AssessmentPublished June 19, 2008 The Federal Reserve, in continuing to focus on preventing recession and a greater economic downturn through interest rate-cutting, is now doing the American economy a disservice, according to Zaya Younan of Facts Matter.Mr Younan, while applauding the aggressiveness with which the Fed has restrained the shadow of recession, points to the same

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Jennifer SinclairSummary of Market InformationJune 12, 2008 While some economists alternately warn of, and plead for, rising interest rates and many bank lenders seem to be retrenching and retreating from financing, the chief investment officer of one of the largest fund managers in the world, BlackRock, thinks that the worst of the credit crunch has passed.However, in saying that “we’ve seen the

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Doug MarshallMarket AssessmentPublished June 3, 2008The Federal Reserve has responded to the slowing economy by cutting the Federal Funds rate over the last several months. Has this produced the desired effect of spurring on the economy?Analysts are saying it is having the opposite effect. It’s made things worse because inflation, according to the Consumer Price Index, has been zooming upwards in

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Jennifer SinclairSummary of Market InformationMay 9, 2008In assessing how stocks, bonds, and treasuries are moving, the conclusion has been drawn that U.S. markets are headed down a tough road.Bonds had, since June of last year, been trending upwards. Now, however, they seem to have peaked and, indeed, are moving frighteningly close to nasty falls and downward spirals.Costs of mortgaging and

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Doug MarshallMarket AssessmentPublished May 21, 2008In a survey taken quarterly by the Federal Reserve, some hard numbers get put to the trends seen in banks and their credit requirements for real estate funding.A net tightening/loosening figure was placed on each sector and their lenders, reflecting an net tightening of credit by banks looking at loan requests, across markets.The survey, titled

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Jennifer SinclairSummary of Market InformationMay 8, 2008In a recent report on credit borrowing, it was found that consumer borrowing for auto loans, credit cards, and other non-real estate transactions has shot through the roof, by $15.3 billion.The anticipated growth of credit borrowing by economists was $6 billion, so this comes as a surprise. This much borrowing, in a healthy economy, would

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Doug MarshallMarket AssessmentPublished May 8, 2008The question is persistently asked: why is commercial real estate financing suffering from the backlash caused by sub-prime residential lending?CRE brokers and borrowers find little correlation between the two markets and therefore remain confused as to why the downturn in one is so affecting the other.The reason pointed out by Dan Smith in the

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