• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

CRE

CRE
Tyler Durden's picture

CRE Performance By Property Type






prepared by Lehman bros.

In other CRE news, EuroHypo says GGP press release disclosing it is owed $2.6 billion by the bankrupt mall operator is "not correct". Gotta love when two multibillion enterprises (well, one is not so multibillion any more) publicly accuse each other of lies.

 
Tyler Durden's picture

What John Hancock Tower Sale Implies For CRE





Zero Hedge's feelings about commercial real estate are no secret. Yesterday's sale of the John Hancock Tower to Normandy was an interesting market test, with media reports claiming it implied either nothing much or only good things about CRE and CMBS recoveries. A contrarian (and realistic) analysis on the transaction out of Morgan Stanely implies that based on this deal, not all is good in CRE land. (hat tip to reader David).

****

 
Tyler Durden's picture

The Fundamentals Behind CRE - Part 1





Continuing the trend of disclosing the dirty laundry in Commercial Real Estate, I am presenting some raw data which the general readership should be made aware of before determining how fair (or not) any PIPP, TALF or other plan is to various beneficiaries.

Here is the summary:

 
Tyler Durden's picture

GS: 2009 Outlook: Bearish On CRE; REITs Could Re-test Recent Lows





Goldman has been really pounding the REIT space. Which, of course, skeptics will say simply means their prop desk (or what is left of it) is buying REIT assets hand over fist. Or maybe they just really hate the space.

 
Tyler Durden's picture

GS: 2009 Outlook: Bearish On CRE; REITs Could Re-test Recent Lows





Goldman has been really pounding the REIT space. Which, of course, skeptics will say simply means their prop desk (or what is left of it) is buying REIT assets hand over fist. Or maybe they just really hate the space.

 
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