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Lower Manhattan’s Corporate Draw
The south end of New York’s most famous borough has come roaring back. Through a decade that started with the worst terrorist attack ever on U.S. soil and ended with an economic storm of historic proportions, the district of New York has become one of the fastest-growing areas of the country, if not the world.
Market View: Green Cities Focus on Buildings
In recent years, the world’s 40 largest cities have adopted a combined 4,700 measures to combat climate change, according to survey results by the Carbon Disclosure Project Cities program. Despite these efforts, 90 percent of cities participating in the survey said they face risk from climate change.
Radical Departure: The Latest Non-Listed REITs Offer Enhanced Liquidity, Transparency
One of the commercial property industry’s best-known institutional investment managers is now also striving to sell warehouses through wirehouses. In a move with potentially far-reaching implications for the ever-controversial non-listed REIT sector, the renowned real estate advisor Clarion Partners is aiming to sell shares in the new REIT the company is sponsoring to individual investors through financial advisers.
The Next Steps: What to Expect from the Continued Deficit Plan
The extreme brinksmanship brought out by the debt ceiling debacle may be destined to carry through the entire process of deficit reduction. And if it does, a polarized Washington will likely have an even bigger impact on the economy—and commercial real estate as a sector—than the tailspin brought on by the slight credit downgrades issued by Standard & Poor’s Corp.
Lodging Sector’s Fortunes Tied to the Larger Economy
By Maria Maslovsky, Assistant Vice President, Moody’s
The dramatic fall and equally striking rise of RevPAR in the hospitality sector has once again demonstrated that lodging is the most volatile of the property sectors because of its shortest “lease term” — typically, one night.
Back to the Future: What Happened to the FASB Lease Accounting Changes?
By John DeCouto, Senior Partner, Lee & Associates
The “lease accounting standards” from the FASB and the IASB seems to have faded from discussion, but capitalization of all operating leases, with few exceptions, will have an effect on corporate credit in the near future.
Hedging Against Inflation Through Real Estate
By Bob Bach, Senior Vice President & Chief Economist, Grubb & Ellis
Real estate has a reputation as a hedge against inflation, and, in the long run, it does offer protection not available from most investment alternatives. But there are other factors investors should keep in mind.
Accounting Basics for Impairment of Real Estate Assets
By Richard Parent, Executive Vice President, Gumbiner Savett Inc.
Accounting for asset impairment has become a big issue, and understanding and applying the accounting rules and principles can be challenging.
Keeping the Faith on CMBS Amid Market Forces
While it’s been a negative few months for the CMBS market, from delinquencies to the removal of lender options, there are still reasons to keep the faith.
