If 2010 was a year marked by uncertainty, then 2011 should shed some much needed light on the future of CRE market. Despite the hurdles of the financial crisis and its impact on commercial real estate, recent data suggests that investors are looking to expand next year as the economy enters into a slow recovery. More >
Critical to being able to draw conclusions as to the viability of income (as well as expense) projections, is the comprehensive and complete evaluation of the following trends in the subject’s market:
- Rental Rates of Comparable Properties
- Concessions and Build-Outs
- Market Vacancy and Absorption Trends
- Future Competition (including projects under construction, planned, or rumored)
- Recent Sales of Comparable Properties (Cap Rates)
Twenty years ago we were in the early stages of the last savings and loan crisis. Activity with real estate auctions and sealed bids heated up and filled the pages of real estate “for sale” sections of all national and regional publications. More >
Two of America’s largest cold storage landlords are expected to merge this quarter or first quarter of next year. More >
The Central Government of India has relaxed the stringent Coastal Regulation Zone (CRZ) rules for Mumbai and Navi Mumbai. This relaxation has given new hope to the new airport proposed near Panvel in Navi Mumbai.
The ministry has issued a draft CRZ notification that, in the city’s coastal area housing will get exemption if supported by public finance. The rules for the country’s 7500 kilometers-long coastline divides the shoreline into four zones and in the CRZ II areas in the city, slum rehabilitation schemes and redevelopment of dilapidated building will be allowed. Such redevelopment can be undertaken directly or through joint ventures. However all open spaces in Mumbai which fall in CRZ II areas will be No-Development zones.
Based in Mumbai, Prashant Salvi is NAI Global’s Regional Director for India.