Open the Wednesday real estate section of The Wall Street Journal or an email communication from one of the major real estate business journals and you can’t miss seeing that dozens of commercial real estate auctions occurring weekly throughout the United States. More >
Loan sales represent a large volume of the distressed asset transactions that have been closing so far in 2010. Lenders and special servicers’ decisions to hold or sell specific loans are generally based on a net present value (NPV) analysis of each asset. This critical analysis accounts for the respective costs to the lender if the loan is held or acquired as REO; the capital required to then stabilize and manage the asset; and the time required to foreclose (in some states, this can be longer than a year). With certain markets and asset values of some property types continuing to deteriorate, the conclusion is often that a loan sale makes more sense to the lender than a hold. More >
During the 1990s and into the early 2000s retail store expansion across the United States was very aggressive. From Power Centers to Lifestyle Centers, there were sites for everyone. By 2003-2004, many of the larger, more established retailers realized the U.S. marketplace was becoming saturated for new store growth.
While consumer confidence and spending came to a crashing halt in 2007, so too did the rate of retail store expansion in the U.S. Middle Market America retreated from the retail marketplace, spending far few dollars. With the market slow to rebound, retailers that were once reluctant to expand outside of the U.S. are now exploring uncharted markets in search of revenue generating channels to bolster a stagnant/declining U.S. network of stores and customers.
Many retailers chose the natural expansion route south into Mexico, a lucrative market void of an established retail base, or into Canada, a mature much smaller market than Mexico but a market with a significantly higher share of wallet.
International retail expansion is here to stay. Retailers who dipped their toes into the Mexico/Canada markets are now aggressively jumping with both feet into Asia to tap into the rapidly growing markets of China and India, while others are taking the Middle East route (Dubai) as a stepping stone of expansion into Asia.
The property due diligence package is an important tool in marketing any property efficiently and effectively. By preparing the due diligence package early in your process of putting the property on the market, the information provided should better qualify any potential buyers and allow you to focus and negotiate with “real” buyers who understand what is available for sale.
With the London Olympics coming ever closer in 2012 there is more activity in the UK related to this. There remains uncertainty over whether there will be any funding cuts with the UK austerity measures but the building programme is on target.
Elsewhere it is reported that the sports retailer Decathlon is buying up land in the UK to build sports villages to cash in on 2012 and the games. It is reported that their property company has purchased land near to the M1 and M25 – two major motorways. These proposed developments would have facilities for football, rugby, hockey, cricket, golf, cycling, athletics as well as horseback riding and sailing facilities. This would certainly help to train the next generation for the following Olympics.
This concept has been successful in France where there are seven such villages. These include Bordeaux, Marseille and Rennes.
After the World Cup the remaining memory that has been exported to most countries and sports events has been the Vuvuzela. Kids are out playing football and emanating their heroes in parks and gardens around the world. Maybe the 2012 Olympics will be remembered for providing more sports facilities around the UK?