_Economy and Finance

Commercial Real Estate Recovery to Accelerate in 2014 English 한국어 Hello. I will provide a clean and straightforward summary of the report outlining the 2014 commercial real estate market trends. The core message of this report is that the commercial real estate recovery is gaining significant momentum. Global investment volumes are expected to show a solid 10 percent growth next year. While the leasing market has been somewhat cautious compared to the investment boom, this imbalance is smoothly narrowing, with the United States market leading the way. Moving past a stagnant 2013, the leasing market is looking forward to a pleasant growth of 5 to 10 percent in 2014. The flow of the United States office market is exceptionally good. As demand expands beyond the tech and energy sectors into various fields, and new supply continues to shrink, prime downtown areas are creating highly favorable conditions for landlords. The influence of the Mil...

http://www.forbes.com/sites/forbespr/2013/12/12/cit-survey-finds-middle-market-commercial-real-estate-executives-cautiously-optimistic-but-feeling-the-strain-of-the-taxes-and-regulations/ 12/12/2013 @ 9:11AM CIT Survey Finds Middle Market Commercial Real Estate Executives Cautiously Optimistic But Feeling The Strain Of The Taxes And Regulations 60% Say Their Go-Forward Orientation Is Opportunistic, With a Mix of Challenges and Opportunities 60% Say the Current Tax and Regulatory Climate Is Placing a Strain on Their Performance 40% Say They Are Negotiating Harder With State and Local Governments to Obtain Tax Credits NEW YORK – December 12, 2013 – Middle market commercial real estate executives are expressing cautious optimism toward the market and are looking to take advantage of long-term investment opportunities. However, the majority are finding that the current tax and regulatory climate is placing a strain on the performance of their companies. These are some of the findi...

COMMERCIAL REAL ESTATE Italy Attracts Real-Estate Investors From Abroad Confidence in Euro Zone Is Prompting Bets on Weaker Markets By ALESSIA PIROLO Oct. 15, 2013 8:26 p.m. ET Foreign investors are showing a growing appetite for Italian commercial real estate, a sign that the gradual improvement of the European economy is being felt in some of the Continent's weaker property markets. http://online.wsj.com/news/articles/SB10001424052702304330904579137381040342114

http://www.bizjournals.com/sanfrancisco/blog/2013/08/sneak-peak-yelp-new-san-francisco-hq.html Aug 19, 2013, 2:58pm PDT Sneak peek: Yelp's new San Francisco HQ set to open J.K. Dineen Reporter- San Francisco Business Times You can say this about the historic Pacific Telephone tower at 140 New Montgomery: they are going to love it on Yelp.

Jul 23, 2013, 2:22pm EDT Atlanta's CRE debt woes improving Douglas Sams Commercial Real Estate Editor- Atlanta Business Chronicle Atlanta’s commercial real estate sector continues digging out of debt, another sign a broad recovery is speeding up. http://www.bizjournals.com/atlanta/real_talk/2013/07/atlantas-cre-debt-woes-improving.html

$800 Million Loan Sought on Worldwide Plaza 12/21/2012 The owner of one of New York’s largest office towers is shopping for an $800 million fixed-rate loan. http://www.cmalert.com/headlines.php?hid=160163

Dec 21, 2012, 5:00am CST M.D. Anderson snags prime tract in Energy Corridor Shaina Zucker Reporter- Houston Business Journal Alongside the bustling traffic on Interstate 10, an unscathed tract of land in the Energy Corridor has beckoned developers for more than four decades. http://www.bizjournals.com/houston/print-edition/2012/12/21/md-anderson-snags-prime-tract-in.html

World Property Channel In Race to Recover Peak Commercial Real Estate Values, Boston on Top, Followed by Manhattan Posted by Hortense Leon 11/20/12 11:00 AM EST Commercial real estate prices in Manhattan over the 12 months ending September 30th were up 16.3%, according to Moody's/RCA Commercial Property Price Indices (CPPI). What this means is that New York has joined the exclusive club of major metropolitan areas with the greatest price gains in that period, Boston being the only other market in that category.

A Crucial Leading Indicator Of Commercial Real Estate Hits Its Best Level Since 2007 Dec. 19, 2012, 1:07 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From AIA: Architecture Billings Index Signaling Gains for Fourth Straight Month Billings at architecture firms across the country continue to increase. As a leading economic indicator of construction activity, the Architecture Billings Index (ABI) reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the November ABI score was 53.2, up from the mark of 52.8 in October. This score reflects an increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.6, up slightly from the 59.4 mark of the previous month.

COMMERCIAL REAL ESTATE Buoyed by the rebounding auto sector, local industry is showing growth By Norman DeBono, The London Free Press Friday, December 14, 2012 6:53:11 EST PM Led by the industrial sector, the commercial real estate market in the London area is showing encouraging signs.

World Property Channel EDITION MAIN PAGE | North America Commercial News CBD Office Buildings Outperforms Other Commercial Sectors in the U.S. Posted by Hortense Leon 12/13/12 10:40 AM EST CBD office real estate prices in the US continue to out-shine other core commercial sectors, including suburban office, industrial and retail, according to Moody's/RCA Commercial Property Price Indices (CPPI) report for October, which includes data from August, September and October 2012 (the latest data available for the CPPI). This reflects strong institutional demand even as there was a 1.0% decline in core commercial overall as measured by the CPPI.

World Property Channel U.S. Commercial, Multi-family Mortgage Debt Outstanding Increases for Fourth Consecutive Quarter Posted by David Barley 12/11/12 1:10 PM EST According to the Mortgage Bankers Association (MBA), the level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings.

World Property Channel U.S. Commercial, Multifamily Mortgage Delinquency Rates Dip in 3Q Posted by David Barley 12/07/12 8:00 AM EST According to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report, delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter.

World Property Channel New $15 Billion Hudson Yards Project Breaks Ground on Manhattan's West Side Posted by Hortense Leon 12/06/12 8:15 AM EST A city within a city was launched on Tuesday of this week, when ground was broken for the first building in the approximately $15 billion mixed-use Hudson Yards development on the west side of Manhattan.

World Property Channel U.S. Multi-Family Sector's Vacancy Rates Expected to Rise in 2013 Posted by Hortense Leon 12/05/12 8:18 PM EST Although the U.S. multi-housing vacancy rate is expected to go up in 2013, it will remain near the historic average.

World Property Channel Many U.S. Office Markets to Improve in 2013, Accelerating in 2014 Posted by Hortense Leon 11/27/12 8:00 AM EST The office vacancy rate will continue to decline in 2013 and more so in 2014, according to the CBRE Group. The rate will fall to 14.9% next year and 13.8% in 2014, according to the commercial real estate brokerage firm.

U.S. Commercial Property Sector Enjoying Rising Rents as Vacancies Slowly Decline, Says NAR Posted by Michael Gerrity 11/26/12 11:33 AM EST According to the National Association of Realtors (NAR) quarterly commercial real estate forecast, most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market.

Worldwide Plaza Confirms Recapitalization Plans By Karsten Strauss 11/21/12 1:37pm Worldwide Plaza will definitely look to recapitalize, following several months of lingering on the auction block. Sellers, George Comfort & Sons and RCG Longview, had purchased the building – located at 825 Eighth Avenue – in 2009 for just under $600 million. http://commercialobserver.com/2012/11/worldwide-plaza-confirms-refinance-plans/

Worldwide Plaza may be off the block With bids lagging the $1.5 billion target price, the owners of the 59-story West Side office tower are said to be thinking about holding off and settling for a re-fi now. BY DANIEL GEIGER NOVEMBER 19, 2012 1:37 P.M. The owners of Worldwide Plaza have begun considering a refinancing of their 1.9 million square foot tower, rather than the sale they had been pursuing, several sources say. http://www.crainsnewyork.com/article/20121119/REAL_ESTATE/121119923

COMMERCIAL REAL ESTATE October 9, 2012, 8:12 p.m. ET Being Gutsy Is Bringing Some Glory Smaller Firms That Bought Commercial Property During Downturn See Profits By ELIOT BROWN The expected sale of a hulking, brick office tower in Midtown Manhattan is on track to net its seller the largest dollar profit to date on any single property that was purchased during the financial downturn. http://online.wsj.com/article/SB10000872396390443294904578046812154313132.html