Back in Brooklyn
(NYC commercial lis pendens by borough) By Adriana Limbasan Commercial pre-foreclosures in New York City saw a 19 percent decrease in August 2012, reaching 203, down from 252 in July 2012 and 251 in August 2011—good news for the city. Brooklyn particularly stood out in its recovery. Although it accounted for 46 percent of the lis pendens citywide, it registered the highest decrease among the five boroughs, dropping by 39 percent over the previous month, to 94 from 153, and 23 percent over the same month a year ago, when it had 122 lis pendens. It was closely followed…
Officed Up
By Larry Kay The CMBS delinquency rate has reached a new high at the end of each month through the first half of this year. At the end of June, the rate was 9.62 percent, up from 9.43 percent last month and 9.07 percent one year ago. The amount delinquent increased to $44.75 billion in June, although the monthly increase was less than 1 percent. The amount delinquent movements have been negligible each month this year, ranging from an increase of 2.3 percent to a decrease of 2.4 percent. Despite the fluctuations, however, the amount delinquent at mid-year was actually…
Mixed Demand
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Inching Along
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
Small Achievements
(median sale price for commercial transactions; $ in billions)
Spirit Realty Capital Prices Initial Public Offering
The Scottsdale, Ariz.-based triple-net sector REIT launched an initial public offering Thursday, raising approximately $435 million, mostly to be used to pay off debt.
Ordering Up
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
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