Posted on April 28th, 2007 by D. Scott Smith
Dear Readers,
I will be unavailable from April. 30th - May. 6th. I will have the pleasure of taking some “time off” in Indianapolis, Indiana, USA. I have the great opportunity of taking and finishing the CCIM ( http://www.ccim.com/about/ccim.html ) Final Exam.
Untill my return, I am calling on the writers for MDCREI to provide content for the site. If you wish to sign up as a Commercial Real Estate writer, please submitt a request below and we will get back to you with instructions.
Take care, I will be back soon!!!!!!!!!!
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Filed under: General
Posted on April 26th, 2007 by D. Scott Smith
Attached is the latest reports from the Office of Federal Housing Enterprise Oversight. These figures are astonishing. Here is a hint, For further details please contact your local Fannie Mae or Freddie Mac Representatives.
The full 21 page documentation can be found here:
http://www.ofheo.gov/media/pdf/ICBASummit42307.pdf
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Posted on April 24th, 2007 by D. Scott Smith
I had the great opportunity to spend the day with Neil Osborne of www.investitsoftware.com . Neil is a remarkable man and instructor, he has designed an awesome software analysis system for commercial real estate. He also is allowing me to share an article he wrote. Enjoy the read and please feel free to post your comments.
This is a preview of
Predicting the Collapse of Real Estate Markets
.
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Filed under: Business News, Financing, General
Posted on April 20th, 2007 by D. Scott Smith
In the beginning of 2007 I posted some fundamental in-site information from research development from MIT regarding the state of the commercial real estate market currently and where it is headed. I was debated heavily on the subject and a “notable” investor publically chastised me due in part because he was promoting apartment complexes as a fool proof investment. I guess Zell may be wrong as well! This should not come as a surprise and I personally believe this to be a good thing for the market, however, one factor that has failed to be discussed is the overwhelming amount of product remaining to be built in the condo market, as a staggering amount of inventory is still sitting on the market. Many of these units are being converted into assisting living facilities and apartment complexes. Which will also dramatically effect the absorption rate.
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Filed under: Development, Investments
Posted on April 18th, 2007 by D. Scott Smith
International developments are not just specualtion anymore. Countries like Dubai, China, and Russia are changing the way American developers are looking at development trends in our own markets. Some of these developers are now doing business in other countries as well and are in direct competition with US developers. Do cultrual differences and globalization conflict in today’s markets? Or will international developers create unified trends that will continue into our own domestic developments? The National Association of Realtors reported the following today about one newly formed development company in Dubai….
Dubai, with its well-financed developers, has been the much talked about UAE property market in the past couple years, but now another UAE emirate, Abu Dhabi, is drawing attention, along with a different approach to overseas expansion and a new business model. Abu Dhabi’s four largest real estate developers announced in March a new jointly owned company to expand into overseas markets. This is a different approach to the Dubai developers whose rapid expansion overseas was pursued on an individual basis. Aldar Properties, Sorouh, Reem Developers and Al Qudra Holding, have formed an alliance in order to establish a private stock company which will invest in the global property market. The new firm will be known as Al Maabar (which means The Gateway) and will look at developments and projects in selected regional and wider international markets. To date, few other details have been made public, including the group’s financial assets, but it’s assumed to be substantial. One of the group’s first announced project is a one billion USD residential and tourism project in Marrakesh, Morocco, known as Atlas Garden project. Read a 2006 feature on Abu Dhabi’s property market, or track Abu Dhabi property news.
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Filed under: International
