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Received this great graph from LoopNet on office prices per square footage in Los Angeles area. Is denial about value starting to turn?
Let's hope so. The markets will never recover unless everyone is willing to take some sort of hit. Lenders need to loosen criteria, sellers need to be realistic about prices and everyone needs to realize that there will be no deal flow till the deals make sense.
We can no longer swing at the fences on deals. Slow…Continue
BLAIRSVILLE, GA, May 03, 2010 (MARKETWIRE via COMTEX News Network) -- United Community Banks, Inc. (NASDAQ: UCBI) ("United") today reported that on April 30, 2010 its wholly owned subsidiary, United Community…Continue
Added by JW Najarian on May 7, 2010 at 12:29am — No Comments
A great post on Co-Star News May 5th by one of my favorite bloggers Mark Heschmeyer and titled Scarcity Premium Seen Driving Current CAP Rate Compression, brings up very interesting and relevant questions regarding current decreases in CAP Rates.
As we know increasing CAP Rates normally signify rising property values. Mark writes on all sides of the issue and makes some great points about pent up demand and the correlation between this phenomenon and…Continue
Added by JW Najarian on May 6, 2010 at 3:00pm — No Comments