DavidFunke

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VOICES FROM THE INDUSTRY: Bubble won't burst on commercial real estate investors

October 10, 2005
Winding down his remarkable tenure as chairman of the Federal Reserve, Alan Greenspan seems to have chosen "real estate bubble" as one of the themes of his swan song. And with housing prices in some cities soaring, the rest of us as mere mortals can reasonably wonder how long it will be before the bubble bursts and what will be the fallout if and when that happens. Many private equity investors with holdings in commercial real estate are beginning to...
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VOICES FROM THE INDUSTRY: Learning the basic categories of investment real estate Property type New development or existing Risk of landlord responsibilities

February 21, 2005
Baby boomers, the wealthiest generation in the history of our country, are getting richer. Much has been written about the extraordinary transfer of wealth that will take place as the boomers take over the estates of their parents. As their assets grow, many are get ting more directly involved in the management of their money. Rather than sending all their cash to Wall Street or their bank, an increasing number of investors are allocating a portion of their portfolio to...
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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