My post last Monday, Explaining the Subprime Mortgage Mess, produced a number of responses, two of which are worth sharing with you. One of my partners here at CBRE, Mark Bonas, alerted me to the inspiration behind Michael Lewis’ book, The Big Short: the undergraduate thesis of Anna Katherine Barnett-Hart she titled, “The Story of the [...]
CBRE is the largest commercial real estate services firm in the world, a position that is only possible from local knowledge built by nearly three thousand professionals like me working local markets out of 148 offices throughout America. Hence, our slogan: “Local real estate. Worldwide.” Every day we all apply our insight, experience, intelligence, and resources [...]
By Jay Wagley, Executive Vice President & David Leach, Analyst Debt & Equity Finance CBRE/Dallas Every year in early February, mortgage bankers and lenders from around the country gather at the MBA Commercial Real Estate Finance (CREF) conference. For the past twenty years, I have attended the MBA and noticed that every year [...]
Bakersfield is a pretty good place to do business. While we were not immune to the effects of the “great recession”, we’ve faired better than most. With the help of a number of people, I’ve compiled a summary of the economics-related ”lists” Bakersfield has appeared in over the last year, which I share with you today. [...]
The economy is still topic #1 with most people. Most with whom I talk say they just don’t know how to think about it, so they feel all they can do is re-act . . . a situation they hate. They’d rather be able to pro-act. What’s a “V” recovery? Or a “U” one? And what’s the difference? Most [...]
Alex Balfour of CBRE/Bakersfield knows Bakersfield’s medical office market. He’s worked it for four years, and he shares these current observations: Summary Total Size: 2 million sf Location: 61% of it Downtown or near Mercy Hospital Southwest Asking Rent Peak: $1.86/sf/mo (4Q08) Asking Rent Now: $1.73/sf/mo (4Q09) Vacancy Low: 2% (2006) Vacancy High: 10% (1Q09) Vacancy [...]
