Interview between Simon Ziff of Ackman-Ziff and Solomon Craig of Square Mile Capital Webinar: 12/2020 Peak loan defaults occur 1-2 years after the crisis. So the peak problem should happen sometime H2 2021 into H1 2022. Return to normalcy does not occur until 3-5 years post-crisis The opportunities for distress are in front of usContinue reading “3rd Annual Fall Financing Commercial Real Estate Forum | Los Angeles”
Webinar: 12/2020 The Fed cutting rates doesn’t lead to more employment and inflation like it used to 2008 and 2020 the Fed cut short-term rates to zero When short-term rate are zero, Fed can buy assets like Treasuries and mortgage securities to make longer-term rates lower Comparison to Great Recession: stronger economy (job growth), strongerContinue reading ““Breakfast Series: Economic Outlook from Federal Reserve Bank of Chicago” by the OSU Center of Real Estate”
Read: 11/2020, Source According to an IBISWorld U.S. Construction Industry Report, the construction industry worldwide is expected to decline 14.6 percent by year-end 2020 as a result of the COVID-19 pandemic. But needs related to improvements to health care facilities around the world, the redesign of hotels and airports, and large-scale projects, such as conventionContinue reading “On Construction Post-COVID, Win the Future or Get Swallowed by the Past”
Read: 11/2020, Source All sectors will benefit from the widespread availability of a vaccine. “Overall, we expect the real estate recovery—particularly the office sector—to lag the broader economic recovery by several quarters. This follows the pattern of previous cycles, but with the added complication of getting people back into the workplace,” said Richard Barkham, CBREContinue reading “In Brief: CBRE Outlook for 2021 Sees Strength in Industrial, Data Centers, and Multifamily”
Read: 11/2020, Source We must keep building today for the downtowns of tomorrow. The Covid-19 crisis will pass and the economy will recover. People will return to offices, eat in restaurants, gather at bars, travel and stay in hotels. After all, most of us are social creatures drawn to vibrant city life. Real estate developersContinue reading “Commercial Real Estate Outlook: We Must Plan Today To Build Tomorrow’s Downtown”
Read Date: 11/2020, Source Dr. Ben S. Bernanke sounded largely hopeful, noting that if the U.S. can get the virus under control within the coming months, likely with the help of a vaccine, the economy might recover quicker than it did from the last downturn. The reasons include a fundamentally sound financial system this timeContinue reading “8 Takeaways from Ben Bernanke’s Conversation with Marcus & Millichap”
Listen Date: 11/2020, Source Ryan Gibson of Spartan Investment Group “Self storage is great because it revolves around life events and life never stops occurring – whenever life changes, you need a place to store your stuff” Part of the agreement of using storage is that the operator gets a first position lien on yourContinue reading “Podcast Episode #62 “Investing in Self Storage with Ryan Gibson” – Achieve Wealth Through Value-Add Investing with James Kandasamy”
Read Date: 11/2020, Source Location, location, location Find out where there is a limited supply of houses and great demand With a correction looming—some areas of the United States remain more vulnerable than others Take Business Insider, which cited nine states where the population dramatically increased over the past six months: North Carolina, Oregon, Arizona,Continue reading “Housing Markets Post-COVID: Which Ones Win? Which Lose?”
Webinar from The Collective Realty presenting slides created by CARWatch Date: 11/2020 “K-shaped” recovery – white collar professionals are doing fine during pandemic and lower wage earner jobs are struggling Job losses are concentrated in lower-wage industries August 2020 Sales up 14.6% YOY Sales momentum is highest in 10 years California median sales price reachedContinue reading “Housing Market Forecast 2021”
Pascale’s Perspective by David Pascale, SVP @ George Smith Partners Read Date: 10/2020 The hotel sector has been hardest hit by the pandemic. Permanent closures of high-profile hotels such as, The Luxe on Rodeo Drive in Beverly Hills and the “Crossroads of the World” Hilton on Times Square. Experts indicate that without significant aid from CongressContinue reading “Stimulus Talks Take on Urgency as Airline Layoffs Begin”
Deck from Ryan Severinom, Chief Economist @ JLL Read Date: 10/2020 The graphs and charts in the attachment will tell you way more than I can in 500 words or less. Heightened geopolitical risk remains Anti-globalization trend likely not over Investors retrench during crises, but ultimately return
Read Date: 10/2020 U.S. private equity real estate (PERE) funds are still holding record levels of dry powder – $147 billion as of December 2019, according to Preqin H1 2020 was painfully slow for capital raising for global real estate funds – peak of $83 billion in 2019, and now only $23 billion as ofContinue reading “Are Private Equity Investors Ready to Step Off the Sidelines?”
Deck from Michael Soto – Research Director, Southern California Region at SavillsRead Date: 10/2020 Leasing activity remains low, declining 18% in Q3 from Q2 2020 Most occupiers are continuing to put long-term real estate decision-making on hold with short term extensions accounting for many of the leases that did close in Q3 Expect leasing demandContinue reading “Savills Q3 2020 Los Angeles Office Report”
Read Date: 10/2020, Source This is not a normal market cycle – most are stem from economic weaknesses and repaired by economic tools; this downturn was caused by an exogenous, non-economic development (the pandemic) The same economic tools cannot be used to repair this – the disease must be brought under control 17% of FHA-insuredContinue reading “Howard Marks’ memo “Coming Into Focus””
Listen Date: 9/2020, Source Rony Philip of Kingley Acquisitions He buys and operates multifamily in Atlanta and San Antonio Multifamily is much easier to scale over single-family because you can accumulate units faster and sell in bulk at a more favorable equity multiple To be successful you must take action “What it takes. Pursuit ofContinue reading ““How Millennials can get started and grow as Real Estate Investors with Ronny Philip” – Podcast Episode #57 of Achieve Wealth Through Value-Add Investing with James Kandasamy”
Webinar hosted by BisnowWatch Date: 9/2020 Hotels – people will risk their life for vacations but not for conventions anymore Hotels that rely on business travel will be hurting most for a while Very tough to value properties right now because investment sales are down so appraisers can’t find credible comparables Might see a shiftContinue reading “From Tax Valuations To Distressed Asset Sales: How The Pandemic Continues To Shift Everything”
Webinar hosted by GRIWatch Date: 9/2020 Liquidity = Value It’s not valuable unless it’s liquid. RE is starting to get more liquid Operating companies attract the most value because they are liquid – that’s why our REITS have been historically so successful in attracting capital “I couldn’t be a real estate guy if I wasn’tContinue reading “GRI Game Changers Series with Sam Zell”
Deck from Moody’s AnalyticsRead Date: 9/2020 Affordable housing nationwide vacancy is 2.4% Since REIS began tracking this sector, the vacancy rate has remained within the range of 1.9% to 2.5% National rent growth finished at 0.1% this quarter (Q2), leaving the midyear rent growth at 0.7% Construction in this sector has continued with little toContinue reading “Q2 2020: Affordable Housing Quarterly View”
Deck from Genesis CapitalRead Date: 9/2020 Workspace policies are including an online questionnaire and temperature check for all employees, vendors and visitors to their sites August national construction employment experienced a 2.2% increase versus March 2020, but is still down 1.7% compared to 2019 levels Residential developers appear to be ramping up production as JulyContinue reading “September 2020: National Economic Snapshot of Employment & Housing”
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