Over the last few years, there has been a thriving market selling and buying existing loans secured by commercial real property. Many purchasers due diligence focuses on performance issues and little attention has been paid to the representations made by representatives of former owners of the loan.
According to Ben King, a partner in the law firm of Loeb & Loeb, that may now all change, at least in California. If you are considering buying an existing loan, failure to review, non-core documents, such as emails, could lead to significant liability. Read more
We are excited to announce that I will be attending the CRE Finance Council "West Coast High Yeld Real Estate Finance Summit at the Fairmont Miramar Hotel in Santa Monica on May 13th & 14th. I will be conducting interviews with the real, "Movers & Shakers" in the industry. I whole heartedly recommend that you attend the summit, where you can gain and share valuable insight into the world of "High Yield Real Estate." Read more
Commencing July 1, 2014, the only battery powered smoke alarms that are allowed to be installed in a residential rental unit are the type that have a 10 year battery life with batteries that are non-replaceable. Existing smoke alarms must be replaced by July 1, 2015. Read more
When I like someone that I have met on social media, I want to help them. Because I like them, they often get the benefit of being exposed to my growing list of people who follow me. Conversely, what I discovered was that they seemed to repost my articles, videos, radio shows etc., partly because they liked me, (I may be giving myself a little too much credit). On Twitter, instead of my posts going out to 4400 followers, yesterday, CRE Radio and my posts reached 68,000 people on Twitter. Read more
With interest rates at record lows, it's time to lock in long term financing for your multi-unit apartments. As interest rates go up, so will your equity and value. Read more
Eddie Lorin owns and manages over 10,000 multi-unit apartments. He argues that the large purchases by the big funds doesn't make any sense from a management perspective. Eddie also believes that it's a healthy lending market for multi-family. Read more
Greg explains how the retailer controls the environment within the 4 walls of it's store, while the developer and owner of the center, is responsible for the environment outside all of the stores.
Is retail a subset of the entertainment industry and requires a retail design architect to understand the demographics of the retailers that the developer is trying to target as well as the demographics of the consumers that the retailers are trying to target. Read more
Justin Weiss discusses the recent history of Los Angeles Downtown Revitalization. He has been involved in the process for over 13 years. It's not likely that anyone knows the process better than him.
Among other things, he discusses how mixed use is becoming more popular, now bringing in more high end retail and chic supermarkets and why. Is downtown LA now becoming more like NY and San Francisco and is it becoming the chic center of Gen Y? Read more
Is an exit strategy merely deciding that you are going to sell in 5 years or is there more to it?
Are the factors to consider hard and fast rules for sale or should there be flexible triggers to a sale? Read more
Greg Furrier of Cushman & Wakefield | PICOR, describes the advantages of investing in secondary or tertiary markets such as Tucson. Read more
Jenny Redlin, of Partners Engineering and Science, discusses proposed standards that will better regulate how soil and groundwater testing affect testing for vapor intrusion. Read more
Gayle Ayers, CEO at CREW Network and Susan Hill, President give some insight on how the recession has affected women in commercial real estate. Is there still a glass ceiling? Is it worse now or better than it was before 2009? Read more
What's not to like about being the broker on $40,000,000 of NNN commercial real estate with Walgreens? And I take plenty of opportunity during this video to tease them about it. What, with a team that goes by Ryan & Ryan, it sounds more like a law firm than a team of brokers. Read more
I interviewed Colliers' Chris Maling at the ICSC 2013 Western Division Conference in San Diego. He describes how cap rates are being compressed allowing California investors, with the aid of technology and good management, invest out of state.
Is the compression about supply and demand or general economic conditions? Is real estate value being driven by a shortage in supply?
Where are cap rates going? Read more
Randy discusses being open to opportunities as they arise. If you own and operate enough shopping centers over a long enough period of time, you begin to recognize the opportunities that you didn't know existed when you purchased the property.
In this video, Randy and I discuss how Westwood Financial accommodated a cell phone carrier near my home by taking the least valuable part of the retail space, (back end), for their use while leasing the front end to a retail tenant, maximizing the income stream for the space. Smart! Read more