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Archive for the ‘Forecast’ Category

GovDex (government agencies) Central Business District City of Portland – Columbia Square | 111 SW Columbia St | 25,177 SF renewal TechDex (apps|provider|hardware|var) Central Business District Revelation Global - Albers Mill | 1200 NW Naito Pkway | 3,100 SF CollegeNet – Fox Tower | 805 SW Broadway | 8,995 SF expansion Westside Exterro – 2 Lincoln Center [...]

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The losses on troubled CMBS loans has escalated by 33% over the past year, with recovery around 43 cents on the dollar.  Many analysts expect losses to continue an upward climb this year, or in other words declining property values mean increasing loss severities. The average loss severity rate for CMBS loans resolved in 2009 was [...]

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Leasing activity is on the rise. Companies are modestly hiring, driving up transaction activity as tenants slowly start the process of renewing leases, searching for good deals and making other occupancy decisions postponed during the last 2+ years.  This isn’t to say we are through all the pain (debt is looming), but certainly businesses are at [...]

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Ok, so it’s no Ferrari-like speeds for the commercial real estate market recovery, but the first signs of some promising momentum comes on the distressed properties track. For the past 2+ years distressed property offerings have sat pretty much untouched while buyers tried to determine the best time to re-enter the market (ie. when values hit bottom and stabilized).  It [...]

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MediaDex (traditional|digital|research) Central Business District Euro RSCG – Federal Reserve Bldg | 915 SW Stark | 14,437 SF GeneralBizDex (consulting|finance|insurance|legal|other) Westside Scarborough McNeese O’Brien et al – 5 Centerpointe Drive | 7,413 SF Cascade Funeral Directors – 12995 SW Pacific Hwy | 3,066 SF Central Business District Cornerstone Disaster Recovery – Water Tower | 5331 [...]

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The commercial real estate market has not bottomed out yet. Most private commercial real estate investors believe it will be 2012 before things start an upward turn (and mind you not a sharp incline then). Based on a poll conducted by Lee & Associates Investment Services Group, 82% of investors believe that prices for commercial real [...]

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Look out Lindsey Vonn, CMBS loans are moving faster downhill than even she can keep up with, injured or not. According to latest Fitch Ratings’ weekly report on the status of the CMBS mess, larger batches of U.S. CMBS loans are moving to special servicing (meaning they are in default) at alpine downhill speeds.  In January 2010, [...]

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The trend of higher delinquency rates for commercial properties continued its storied climb this month, for the fifth month in a row, finishing at 6% last month.  Hotels continue to be the hardest hit, with Extended Stay America now delinquent on a large loan and contributing  greatly to the 129 basis-point increase. Most analysts predict the increase will [...]

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Between Sony Pictures laying off another 450 employees in March and Movie Gallery filing for Chapter 11 again, one would find it hard to believe the entertainment industry just came off one of their biggest years ever.  But technology, maybe more so than the economy, seems to be the major impetus behind this latest round of [...]

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According to a report from CoStar Group, the office market sector posted unexpectedly good results in the fourth quarter. Locally, this is not so unexpected as our industry saw a rise in activity following Labor Day. The explanation submitted for consideration: the office sector added jobs. In fact, according to federal government jobs data, the [...]

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