Global Germany’s Central Bank Warns of Local Housing Bubbles

10:47 am ET
Oct 21, 2013
Global Germany’s Central Bank Warns of Local Housing Bubbles

Germany’s central bank, the Deutsche Bundesbank, sounded an alarm Monday, warning that urban real estate in the country could in some cases be significantly overvalued, against a backdrop of low interest rates.

http://blogs.wsj.com/economics/2013/10/21/germanys-central-bank-warns-of-local-housing-bubbles/

Possible overvaluation of residential property in German cities

Frankfurt am Main | 2013-10-21
Possible overvaluation of residential property in German cities

Housing prices in German cities have been rising so strongly since 2010 that a possible overvaluation cannot be ruled out. This is the finding of an article contained in the Bundesbank’s most recent Monthly Report. According to this article, there are no signs of substantial exaggerations in the housing market as a whole. Nevertheless, price rises have been observed in urban centres, in particular, which “are difficult to justify based on fundamental factors”, the Bundesbank says.

http://www.bundesbank.de/Redaktion/EN/Topics/2013/2013_10_21_possible_overvaluation_of_residential_property_in_german_cities.html

UBS launches infra debt platform

http://www.efinancialnews.com/story/2013-10-18/ubs-launches-infra-debt-platform

UBS launches infra debt platform
Sarah Krouse in Manchester

18 Oct 2013

UBS Global Asset Management has made its first push into infrastructure debt, with the unveiling of a new platform seven months after appointing a senior investment banking executive to spearhead the move.

Italy Attracts Real-Estate Investors From Abroad

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

Hermes launches inaugural real estate loan fund

Hermes launches inaugural real estate loan fund
Sarah Krouse
14 Oct 2013

Hermes Real Estate Investment Management is planning to originate up to £1 billion in senior real estate loans each year, moving into the burgeoning sector for the first time.

http://www.efinancialnews.com/story/2013-10-14/hermes-launches-inaugural-real-estate-debt-fund?ea9c8a2de0ee111045601ab04d673622

Renshaw Bay wins mandate to run £350m real estate debt fund

Renshaw Bay wins mandate to run £350m real estate debt fund
11 Oct 2013

UK – Investment manager Renshaw Bay has won a mandate from life and pensions insurer Guardian Financial Services to run a £350m (€412m) commercial real estate debt fund.

http://www.ipe.com/news/renshaw-bay-wins-mandate-to-run-350m-real-estate-debt-fund_58379.php

2013 | Q3 San Francisco Office Report

http://www.colliers.com/en-us/sanfrancisco/insights

2013 | Q3 San Francisco Office Report >>

The San Francisco office market bounced back from a uneventful first half, and accelerated during the third quarter of 2013 with rent growth and release of several notable properties on the sale market. San Francisco remains ahead of the burgeoning global economy as job growth from its well-funded tech sector benefitted the office market. The third quarter registered the thirteenth consecutive quarter of positive net absorption and vacancy is now below the 10 percent “tipping point” citywide for the first time in consecutive quarters since 2001. Moreover, the rise of the city’s employment and leasing volume over the last 30 months have pushed forward the construction of 4.15 million square feet of new and rehabilitated office development with anticipation of additional projects breaking ground.

http://www.colliers.com/en-us/sanfrancisco/insights

Real Estate Cycle

Global Office Property Clock
http://www.joneslanglasalle.com/GMP/en-gb/Pages/Global-Market-Perspective-Clock.aspx

Global Office Rent Cycle MarketView and Charts - CBRE
http://www.cbre.com/EN/research/2013-reports/Pages/Select-European-Markets-Show-Signs-of-Improvement.aspx

Global Market Perspective - Charts
http://www.joneslanglasalle.com/GMP/en-gb/Pages/Global-Market-Perspective-Charts.aspx

Global Market Perspective - Office Markets
http://www.joneslanglasalle.com/GMP/en-gb/Pages/Global-Market-Perspective-Offices.aspx

Global Market Perspective - Retail Markets
http://www.joneslanglasalle.com/GMP/en-gb/Pages/Global-Market-Perspective-Retail.aspx

United States Office Property Clock - Jones Lang LaSalle
http://www.us.am.joneslanglasalle.com/unitedstates/en-us/pages/office-property-clock.aspx

United States Industrial Property Clock - Jones Lang LaSalle
http://www.us.am.joneslanglasalle.com/unitedstates/en-us/pages/industrial-property-clock.aspx

United States Retail Property Clock - Jones Lang LaSalle
http://www.us.am.joneslanglasalle.com/unitedstates/en-us/pages/retail-property-clock.aspx

EMEA Office Property Clock - Jones Lang LaSalle
http://www.joneslanglasalle.eu/EMEA/EN-GB/Pages/EuropeanOfficePropertyClock.aspx

EMEA Office Property Clock Q2 2013 - Jones Lang LaSalle
• European Prime Office Rental Index continues upward trend
• Aggregate European leasing volumes up 5% on Q1
• Office vacancy rates remain static
http://www.joneslanglasalle.eu/EMEA/EN-GB/Pages/ResearchDetails.aspx?ItemID=11825

European prime property rents to increase in 2014

European prime property rents to increase in 2014

​EXPO REAL, 7 October 2013 – Jones Lang LaSalle’s real estate data for H1 2013 indicates a stabilising situation across European prime property, with signs of recovery apparent in several key markets.

http://www.joneslanglasalle.eu/EMEA/EN-GB/Pages/Newsitem.aspx?ItemID=29318#.UlSAXobIZOw

An Energy Boom That Could Last

http://business.time.com/2013/10/03/texas-tea-party/

An Energy Boom That Could Last
For a bursting oil region like Texas, experience is an asset

By Bryan Walsh / Midland @bryanrwalsh
Oct. 03, 2013

Oil and natural gas are old energy — as old as it gets. But increasingly, the technology used to extract them is cutting-edge. “Over the last 20 or 30 years, there’s been more technological leaps out of the oil and gas industry than there’s been out of Silicon Valley,” says Dale Nijoka, Ernst & Young’s global oil and gas leader.