Tags: construction, construction cost, CRE investments, economy, Investing, investing in commercial real estate, rising construction cost
Bob ? Walt, what is going on in the commercial real estate world?
Walt ? Good morning Bob!??I wanted to give a little perspective from our?SIOR?NM chapter meeting last week and what?s happening with some local businesses that are directly tied to commercial real estate in this market and fortunately it?s somewhat refreshing.
On the construction side, Dave Doyle of Enterprises Builders said they are busy, although the size of the work is less than what it used to be, the work under half a million dollars is active. Dave said construction costs today are at 2005 levels.
One area Dave talked about was the costs of construction materials.???Copper, sheetrock and metal are all still at high levels.
So there is construction going on in our local market, not necessarily new buildings but there is construction work.
Mike Kelly, a commercial lender said he will do more loan volume in the next few months than he did in the last 2 years.? Interest rates remain low and there is movement in the lending market and lenders are starting to get back in the game.
So that is a little good news for Monday morning.
Bob ? Walt, with the?significant up and downs?in the stock market, investors must be thinking about moving in back into real estate as an investment vehicle.??Are you starting to see that in your business?
Walt ? With money market rates at .02 percent, commercial real estate is an investment that is definitely worth considering.??There are going to be some great opportunities in real estate.??With professional advice from a?CRE?broker like the brokers at Sperry Van Ness we can help investors make the right choices in analyzing and acquiring the commercial real estate, manage the asset (if necessary) and develop an exit strategy to sell the asset at the right time.
Bob, 10 year treasuries are at 3%.??Pre tax yields for real estate, on average are currently at almost 10% and the opportunities to invest in real estate are continuing to show themselves.
So give me a call and let?s develop a plan to capitalize on the commercial assets coming to market.
Bob ? How can you help people?with the risks associated with purchasing commercial real estate??There are still risks that investors have to deal with in this market.
Walt ? There are risks and that is why it is important to go through a process to determine how much risk a person wants and put together a plan to analyze the risk, to evaluate the preferences in property type (office, industrial, retail multi-family, self storage, land, hotel motel) and that?s where Sperry Van Ness has the tools, experience and brokers to help through the process.
Bob ? How can people contact you?
Walt ? Thanks Bob, Walt Arnold 256-1255, waltarnold.com also visit me on Facebook or Twitter. Thanks Bob have a great week.
Advertisement
Like this:
Be the first to like this post.
Source: http://waltarnold.wordpress.com/2011/08/22/cre-report-for-08-22-2011/
kate plus 8 warren buffet scud current news jets live tv online live tv online
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.