johncelmins
Ashcroft Capital August Daily Test
Ashcroft Capital (Ashcroft) is a national multifamily investment firm with over $950,000,000 of assets under management. Ashcroft is focused on major metropolitan statistical areas (MSA’s) which demonstrate consistent rent growth, low vacancy and a growing Real GDP.
Economy Watch: The Business Cycle Abides
The case for pessimism might now be spreading to Wall Street after its recent flirtation with the 10,000 highlands, since the Dow Jones Industrial Average was down 104.22 points, or 1.05 percent, on Monday, ending well below 9,900. The S&P 500 and the Nasdaq were also off, 1.17 percent and 0.59 percent respectively.
Germany’s Promising Discount Retail Market Lures Behringer Harvard
With the recession having taken a chunk out of consumers’ pocketbooks around the world, the retail real estate market has been struggling for quite some time, and the situation is no different in Germany. However, the discount retail sub-sector is thriving in the country, and Dallas-based commercial real estate firm Behringer Harvard has positioned itself to capitalize on related development opportunities with the recent formation of Behringer Harvard German Retail, a joint venture with Hanover, Germany-based real estate investment and management company Rahlfs Immobilien GmbH.
Specialization Helps Close Deals
In most sports, coaches use specialists to deal with pressure situations. In football, for example, they will bring in a slash-type runner on offense to cross the goal line or a pass rusher on defense to sack the quarterback. These specialists have specific skills and in many cases prove to be the difference between victory and defeat. For those in real estate, and particularly with Stan Johnson Co., specialization is the maxim for those that want to succeed in these trying times and get deals closed, no matter what the size or complexity.
Fitch: CRE Losses to Increase into Next Year
Good news in the commercial real estate world seems to be in short supply these days. In a study released earlier this week by Fitch Ratings, they’re indicating that losses will increase this year and next for the U.S. CMBS.
Consumers Warm to Green Energy, But Questions Remain
Concerns about energy costs and the environment are driving consumer behavior as they choose between a growing selection of green energy initiatives, according to new research from Nielsen Claritas. “Energy Trends: Highlights on Consumer Energy Usage,” which draws on the responses of more than 32,000 respondents about their energy use, found that while some consumers are adopting green habits, many have not been as quick to jump onboard.
Streamlining Management & Accounting
Florida-based commercial and residential property developer and managerTobin Properties stands as a compelling example of how a centralized,integrated property management and accounting database can streamlinefinancial reporting and simplify key property management activities.
Corporate RE Departments Reorganizing, Downsizing, Outsourcing
As companies continue to grapple with the industry-wide downturn, they are increasingly looking to make their corporate real estate departments operate as efficiently as possible, according to a new report by CB Richard Ellis Inc. and CoreNet Global.
As Firms Move to Outsource Project Management, CBRE Inks Deal with Cisco
As companies work to streamline operating efficiencies and cut costs, the outsourcing of services has become increasingly popular, and real estate services are high on the priority list. In the latest high profile outsourcing, CB Richard Ellis Inc. has agreed to a deal to provide project management services for Cisco Systems.
Guardian Rolls Out Affordable Housing Advisory Division
Portland, Ore.-based management and investment firm Guardian Real Estate Services is planning to roll out a new advisory division. The company’s new unit will be headed by Brad Bullock, who will join Guardian as senior vice president, advisory services.