Archive for September, 2012

OKC Earns Architectural Kudos

Saturday, September 29th, 2012

Want further evidence that Oklahoma City, the nation’s 30th-largest metro area, has made a mind-blowing comeback from the brink of demise in the 1980s? (more…)

Taking Stock of Returns, and Itching for Alts

Saturday, September 29th, 2012

Entering the final stages of 2012, institutional investors are taking serious stock of their returns and the role of commercial property in their future plans. (more…)

In the News (Sept. 24-28)

Saturday, September 29th, 2012

Check out these links to some of the new and noteworthy headline stories that are trending in the world of commercial real estate.

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Industrial, Retail Properties Win Favor

Sunday, September 23rd, 2012

Industrial and retail properties are expected to fare better from an investment perspective over the next five years, while apartment and office properties are less favorable, according to a new report.

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In the News (Sept. 17-21)

Saturday, September 22nd, 2012

Check out these links to some of the new and noteworthy headline stories that are trending in the world of commercial real estate.

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Chesapeake & OKC

Thursday, September 20th, 2012

Chesapeake Energy is one of Oklahoma City’s largest corporate citizens, but just what is the firm’s real impact on the OKC office market?

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Retailers Stampeding into Canada

Saturday, September 15th, 2012

With fewer chains and little competition from online shopping, Canada represents a strong expansion opportunity for U.S. retailers.

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In the News (Sept.10-14)

Friday, September 14th, 2012

Check out these links to some of the new and noteworthy headline stories that are trending in the world of commercial real estate.

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Home Prices See Biggest Gains in Six Years

Tuesday, September 4th, 2012
July 2012 was indeed a kind month to the beleaguered U.S. housing market. According to the home price index produced by CoreLogic, home prices nationwide, including distressed sales, increased on a year-over-year basis by 3.8% in July 2012 compared to July 2011, and was the largest year-over-year increase since August 2006.
On a month-over-month basis, including distressed sales, home prices increased by 1.3% in July 2012 compared to June 2012. The July 2012 figures mark the fifth consecutive increase in home prices nationally on both a year-over-year and month-over-month basis.
Excluding distressed sales, home prices nationwide increased on a year-over-year basis by 4.3% in July 2012 compared to July 2011. On a month-over-month basis excluding distressed sales, home prices increased 1.7% in July 2012 compared to June 2012, also the fifth consecutive month-over-month increase. Distressed sales include short sales and real estate owned (REO) transactions.
Better news also lies ahead. The CoreLogic Pending HPI indicates that August home prices, including distressed sales, will rise by 4.6% on a year-over-year basis from August 2011 and at least 0.6% on a month-over-month basis from July 2012. Excluding distressed sales, August house prices are also poised to rise 6.0% year-over-year from August 2011 and by 1.3% month-over-month from July 2012.
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The CoreLogic Pending HPI is based on Multiple Listing Service (MLS) data that measure price changes in the most recent month.
“The housing market continues its positive trajectory with significant price gains in July and our expectation of a further increase in August,” said Mark Fleming, chief economist for CoreLogic. “While the pace of growth is moderating as we transition to the off-season for home buying, we expect a positive gain in price levels for the full year.”
“It’s been six years since the housing market last experienced the gains that we saw in July, with indications the summer will finish up on a strong note,” said Anand Nallathambi, president and CEO of CoreLogic. “Although we expect some slowing in price gains over the balance of 2012, we are clearly seeing the light at the end of a very long tunnel.”
Here are a few of the highlights from the July 2012 index:

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Including distressed sales, the five states with the highest appreciation were: Arizona (+16.6%), Idaho (10.0%), Utah (+9.3%), South Dakota (+8.3%) and Colorado (+7.3%).
· Including distressed sales, the five states with the greatest depreciation were: Delaware (-4.8%), Alabama (-4.6%), Rhode Island (-2.2%), Connecticut (-1.7%) and Illinois (-1.7%).
· Excluding distressed sales, the five states with the highest appreciation were: Arizona (+11.3%), Utah (+10.5%), Montana (+9.1%), South Dakota (+8.6%) and North Dakota (+6.9%).
· Excluding distressed sales, the five states with the greatest depreciation were: Delaware (-3.5%), Alabama (-2.4%), New Jersey (-1.2%), West Virginia (-0.5%) and Connecticut (-0.2%).
· Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to July 2012) was -27.2%. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -20.2%.
· The five states with the largest peak-to-current declines including distressed transactions are Nevada (-56.0%), Florida (-44.2%), Arizona (-42.8%), California (-38.0%) and Michigan (-37.4%).
· Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 23 are showing year-over-year declines in July, four fewer than in June.

In the News (Aug. 27-31)

Tuesday, September 4th, 2012
Check out these links to some of the new and noteworthy headline stories that are trending in the world of commercial real estate.