SIOR Conference
November 21, 2011 at 6:30 pm | Posted in Radio Show Reports, Videos | Leave a commentTags: albuquerque, Albuquerque Commercial Real Estate, Bank Owned CRE, Chicago, distressed assets, investment, market report, opportunities, SIOR, sperry van ness, walt arnold
CRE Video Report 10.27.11
For more information on SIOR check them out on the web here. For all topics CRE follow me on Twitter or find me on Facebook today.
Albuquerque Commercial Real Estate Report 7.19.10: Market Resources
August 9, 2010 at 8:58 am | Posted in Radio Show Reports | Leave a commentTags: acquisitions, albuquerque, asset, banks, commercial, CRE, distressed assets, economy, for lease, for sale, industrial, investment, investors, leased space, listings, market report, New Mexico, office, opportunities, property, property management, radio show, real estate, recession, retail, sperry van ness, tenant representation, walt arnold
>>> Click HERE to listen to the Commercial Real Estate Report for 7-19-10 <<<
Bob Clark, News Radio 770 KKOB: Walt this is such a difficult environment in commercial real estate, do you have any advice on how to navigate this market.
Walt Arnold: Bob, this is a commercial landscape seen for the first time. We are in an extremely tight credit market, strict regulations from the feds on lending, high unemployment and many financial constraints on companies.
This is a market that requires professional advice from someone that is in the commercial real estate market every day. At Sperry Van Ness we are analyzing this market daily, we are up to speed on the developments in the market and can advise landlords, tenants, buyers and sellers on how to position themselves and their property to have the greatest amount of success in this market.
Bob: What are some of the services you provide that can help people make decisions?
Walt Arnold: We have a myriad of sources that we pay to belong to pull data from to provide our clients with the best information to make good decisions, along with being an SIOR, one of 2800 worldwide, and the CCIM membership that requires years of classroom study and analysis, I am able to provide clients a wealth of information to analyze each situation to its fullest.
Bob: You also have spoken before about Sperry Van Ness’ marketing materials and the online publishing system. Can you tell us more about it?
Walt Arnold: We are able to provide our clients with the best marketing materials for the properties in the industry. We can also create a specific website for a specific property through our proprietary OTS system. We have the experienced brokers, tools and programs to analyze lease spaces for tenants or present property for sale to the largest number of Continue Reading Albuquerque Commercial Real Estate Report 7.19.10: Market Resources…
Albuquerque Commercial Real Estate Report 4.26.10: National Perspectives
May 10, 2010 at 6:19 am | Posted in Radio Show Reports | Leave a commentTags: albuquerque, asset, commercial, CRE, distressed assets, economy, employment, fundamentals, industrial, investments, listings, manufacturing, multifamily, National Association of REALTORS, office, property, recovery, rent growth, retail, SIOR
>>> Click here to listen to the Commercial Real Estate Report for 4-26-10 <<<
Bob Clark, News Radio 770 KKOB: Walt you wanted to talk about the commercial real estate outlook from the National Association of REALTORS.
Good morning Bob. Yes I wanted to briefly review some numbers from a national perspective for commercial real estate. The economy has sign of gaining some strength with industrial production and manufacturing employment showing some slight increases, at the same time commercial real estate is showing mixed results. Fundamentals still remain weak, investments are down and the volume of distressed assets has increased. The consensus is that commercial real estate will likely lag in the economic recovery. In general, vacancy rates will be up, net absorption of space will be down, completion of construction projects will be down and rent growth is mixed but mostly down.
On a local note Albuquerque has a vacancy rate of 19.5% in office, 14.8% in industrial, 10.6% in retail and 6.6% in multifamily.
Bob Clark: You mentioned that the Society of Industrial and Office Realtors also had some input, what did they have to say?
86% of SIOR’s have continued to report that prices are below replacement costs. That is an opportunity for buyers looking for properties. Development activity is virtually non-existent. Discounts and even deep discount exist from landlords and leasing activity remains below historic levels with vacancies high and rents low.
SIOR has an index which measures performance of the office and industrial markets. Continue Reading Albuquerque Commercial Real Estate Report 4.26.10: National Perspectives…
Investment Opportunity: Albuquerque Bank Owned (REO) Building Available
May 4, 2010 at 9:25 pm | Posted in Property Listings | 1 CommentTags: acquisitions, albuquerque, asset, bank owned, banks, commercial, CRE, distressed assets, for sale, investment, investments, leased space, listings, market, New Mexico, opportunities, property, real estate, sperry van ness, walt arnold
Financial Institution Real Estate Owned (REO) Property For Sale – Financing Available
LOCATION: Eagle Ranch Road between Irving & Coors Bypass NW | View Google Map
BUILDING: 4,058± Sq. Ft
LAND: 99,705± Sq. Ft. | 2.2889 acres
SALE PRICE: $2,000,000
ZONING: SU-1 for C-2, R-2
ACCESS: Convenient from either Coors Boulevard or Paseo del Norte.
For terms, features and floorplans, watch the video or view and share the brochure, below! Email Walt Arnold or Dana Van Doren for more information, or call (505) 256-7573.
Albuquerque Commercial Real Estate Report 4.19.10: Finding The Bottom
April 26, 2010 at 6:36 am | Posted in Radio Show Reports | Leave a commentTags: acquisitions, albuquerque, asset, banks, capital, commercial, CRE, distressed assets, economy, industrial, investment, investments, investors, market, market bottom, New Mexico, office, opportunities, property, real estate, recession, retail, sperry van ness, strategy, walt arnold, white paper
>>> Click here to listen to the Commercial Real Estate Report for 4-19-10 <<<
Bob Clark, News Radio 770 KKOB: Walt, there have been some indicators that the economy is starting to turn. Have we seen the bottom of this commercial real estate market and more importantly are there opportunities in this market for investors?
The key for investors today is not some much finding the bottom of the market but its finding value. By the time most people figure out where the bottom is, they will probably miss it. There are opportunities, and for the astute investors it will require the ability to add value to the property. Adding value can be accomplished through operational improvements, repositioning, restructuring, recapitalization, re-tenanting or other proactive strategies or tactical value enhancements.
Bob: So Walt, what are some strategies people can use to help them find value in commercial real estate assets?
There are a few things someone can do to help insure success. First, to try to time the market is extremely difficult and waiting for the exact bottom to get in is a million to one shot. The second strategy is to realize that a declining market is where lasting wealth is created. The next opportunity in this market is to seek opportunities, don’t get too caught up on the product type — for example, office or retail — of the investment, and if you like return of the investment the rest of the details can be worked out.
Understand it is critical to seize the opportunity and that it is better to be the one who catches the fish rather than the one who tells about the big one that got away. Lastly, seek sound counsel. The brokers at Sperry Van Ness can provide sound, professional analytical advice to help our clients make the right decision. Continue Reading Albuquerque Commercial Real Estate Report 4.19.10: Finding The Bottom…
Albuquerque Commercial Real Estate Report 4.5.10: CRE Prices Rise
April 14, 2010 at 9:11 pm | Posted in Radio Show Reports | Leave a commentTags: bottom, broker's opinion of value, commercial, distressed assets, extend and pretend, FDIC, industrial, Moody's, multi-family, pricing index, property pricing, real estate, retail, tax assessments
>>> Click here to listen to the Commercial Real Estate Report for 4-5-10 <<<
Bob Clark, News Radio 770 KKOB: Walt you say you’ve got some good news for us today about commercial real estate?
Hey good morning Bob. And yes there is a little glimmer of good news in commercial real estate. According to Moody’s Commercial Property Pricing Index, commercial real estate pricing rose in January for the 3rd straight month. We still have a rough and uncertain road ahead and pricing patterns will fluctuate in the coming months but November was the first increase since December 2008, the December 2009 number of 4.1% was the highest on Moody’s tracking record and then January had a 1% increase in property pricing, so that is some good news.
Bob: These increases have come after the commercial markets have been rocked with some pretty severe downturns in pricing. Do you think the market is at the bottom?
I can only hope it is. If you look nationally at the numbers in declining values from 2007 to end of 2009, Industrial properties were off 34%, both multi-family and office were down 31% and retail 26%. So it is a little of a false positive on the increases. In other words with pricing going so far down it has to go up. An upward trend is the good news.
One strategy implemented by some lenders is to extend maturity dates of troubled assets. This means there are still distressed properties that have not hit the market. Once these assets are foreclosed and sold by lenders or the FDIC, this will create some new benchmarks for pricing in the marketplace and until that happens I don’t believe we are at the bottom of the market. Continue Reading Albuquerque Commercial Real Estate Report 4.5.10: CRE Prices Rise…
Albuquerque Commercial Real Estate Report 3.29.10: Foreclosures & Bank-Owned Opportunities
April 9, 2010 at 12:06 pm | Posted in Radio Show Reports | 3 CommentsTags: albuquerque, asset, banks, commercial, CRE, distressed assets, foreclosure, foreclosures, investment, investments, market, New Mexico, opportunities, property, radio show, real estate, sperry van ness, walt arnold
>>> Click here to listen to the Commercial Real Estate report for 3-29-10 <<<
Bob Clark, News Radio 770 KKOB: Walt we have heard a lot about commercial real estate foreclosures and the coming wave of more foreclosures. Is this a good time to be looking at purchasing commercial real estate?
We are starting to see some properties make substantial discounts in their asking sale prices. We sold an out of state bank owned office condo that started out at $170.00/sf which was already a discounted price and the final price was less than $120.00. So the opportunities are starting to show up and lenders that need to sell their real estate are beginning to look deep discounts in pricing. There will be buying opportunities in this market.
Bob: That leads me to two questions. First is, what can someone do to get ready for these discounts, and the second is what about the property owner that is trying to sell in this market and is not a lender trying to dispose of an asset?
On the first question if someone is serious about going after opportunities they need to talk to a commercial real estate company like Sperry Van Ness and develop a strategy to analyze and acquire some of these banked owned assets. We talk weekly to lenders across the country regarding their assets in the Albuquerque market. But the important thing is to be ready to act.
Regarding an individual trying to sell in this market, if the property is well located, or if it is an income property and has good leases in place, it might not be worth what it was in 2007 and if it still has strong attributes it will hold its value. And if the sale of the property could wait a few years that would probably be the best option at this time.
Bob: What is the financing situation for properties in this market? Continue Reading Albuquerque Commercial Real Estate Report 3.29.10: Foreclosures & Bank-Owned Opportunities…
Albuquerque Commercial Real Estate Report 3.1.10 | Opportunities & Distressed Assets
March 11, 2010 at 11:48 am | Posted in Radio Show Reports | Leave a commentTags: albuquerque, banks, commercial, CRE, distressed assets, foreclosures, investments, lenders, market report, opportunities, property, radio show, real estate, walt arnold
Click HERE to listen to the Real Estate Report 3.1.10
Bob Clark, News Radio 770 KKOB: Walt, there is so much doom and gloom in commercial real estate these days, are there any opportunities in this market?
Good morning Bob. Before I start, I just want to mention how much I enjoyed the Winter Olympics. There were so many great stories and the drama was exceptional. I have to admit I am still baffled by curling, the teamwork, the strategy, the preciseness in making the correct move. The enthusiasm of the crowd was a little hard to figure out and as much as I watched it, I still have no idea how the game is won. But I did understand the student sign in the Pit against Air Force that said Curling is more exciting than AFA Basketball, now that made sense.
Back to opportunities… Yes, that is one lesson that always plays itself out and that is, out of difficult times, come opportunities. There will be some great opportunities to purchase properties at bargain prices, but it will take strategy and planning to accomplish it.
Bob: There is so much news about distressed assets, how can investors or people find out about properties that are available?
At Sperry Van Ness we are talking to banks and lenders on a continual basis, not only in Albuquerque but across the country, regarding assets that are in New Mexico. Sperry Van Ness also has an Asset Recovery team of which I am a team member working with banks everywhere to help dispose of assets through real estate brokers or through the auction process.
Bob: So there a lot of foreclosures that are taking place in Albuquerque that are from out of state lenders? Continue Reading Albuquerque Commercial Real Estate Report 3.1.10 | Opportunities & Distressed Assets…
Walt Arnold, SIOR, CCIM
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