[كر]

من الخضوع نشرة:
[أرغن] مركزية قد برد [رل ستت مركت], غير أنّ هو لن محتمل سيبلغ الأعماق من 1986, وفقا ل واحدة بناءة [لونغتيم] الذي يقول مقاربة متنوّعة سيقود شركته من خلال الإبطاء. أنّ عندما المدينة [ردموند] أصدر فقط حفنة من تجاريّة و [رسدنتيل بويلدينغ] إجازات طوال السنة كاملة, […]

من الخضوع نشرة:
عندما [شميك] لم يتردّد تكنولوجيا, [بند-بسد] [بيوتش] بحر شركة, يقتلع أوتاد ويتحرّك إلى بورتلاند [لست ر], المديرات في نعمة [بيو-لبس]. شرّفت, صانعة من يسجّل [لبور] للدراسة جزيئيّة خلايا, كان حوالي أن ينفجر من فراغه على إمبراطورية جادّة, [بوسنسّ دفلوبمنت] مديرة [ميشلّ] [كرني] يقال. […]

[أس يف] الإسكان [ب] هبوط لم كافي من ضرب أن يثنّي الآن لقطات تجاريّة [رل ستت] إصابة.
من الخضوع نشرة:
[ردموند] - يصفّ خيط من بنايات جديدة, بعض يخلو وأخرى [هلف-فيلّد], هذا مدينة ممر [ليغت-يندوستريل] - إنعكاس من ماذا يحدث عندما يتمهّل اقتصاد يصطدم مع [توو موش] بناء مضاربة, يوافق […]

Investment slumps correlate very well with recessions. The first graph shows the change in real GDP and Private Fixed Investment over the preceding four quarters, shaded areas are recessions. (Source: BEA Table 1.1.1) (note these are year-over-year changes, not quarter-by-quarter).
Click on graph for larger image.
Some observations:
1) Since 1948, private fixed investment has fallen during […]

From the WSJ: Office Vacancy Rate Rises For First Time in 4 Years. A few statistics from the article based on 79 metro markets:
The office vacancy rate rose to 12.6% from 12.5% in Q3.
Net absorption was slightly below 4.4 million square feet in Q4, compared to 16.2 million square feet in Q3.
19 million square feet […]

From the NY Times: Harry Macklowe’s $6.4 Billion Bill.
This is a story we’ve been following because it appears Macklowe bought at the top, and he has a large bill coming due next month for a highly leveraged transaction:
[Macklowe] has a $6.4 billion debt payment coming due next month in connection with his purchase of seven […]

From the Economist: Dominoes on the skyline
FROM up high, London is a picture of vigorous renewal. In just about every direction, construction cranes point contemplatively to the skies. They also point to the great boom that has taken place in commercial property in recent years. The collapse of that boom, which now threatens to slash […]

From Jon Lansner at the O.C. Register: Vacancies up, rates flat for O.C. offices
The county’s vacancy rate ended 2007 at 12.43%, up from 10.53% in Q3 2007 and 7.91% a year earlier. …However, the vacancy rate doesn’t include sublease space — when a company has more room than it needs and is trying to find […]

From Bloomberg: Centro Puts Itself Up for Sale as Debt Deadline Looms
Centro Properties Group, facing a Feb. 15 deadline to refinance A$3.9 billion ($3.4 billion) of debt, will consider offers for all its assets including 700 U.S. malls. …Centro’s largest U.S. shopping centers are Independent Mall in North Carolina and Cortlandt Towne Center in New […]

From the WSJ: Credit Downturn Hits the Malls (hat tip Houston)
The credit crunch … is creating problems in commercial real estate, driving down prices of office buildings, shopping malls and apartment complexes …
For the past few months, the sector has been in a state of near-paralysis … The number of major properties sold is down […]