According to a copyrighted story in Monday’s™ Albuquerque Journal’s™ Business Outlook, Moody’s™ recently released Red-Green-Yellow Update indicates the Albuquerque commercial real estate market showed significant improvement from early 2009 to early 2010. Albuquerque’s™ apartment market ranks as one of the strongest in the country; however the office market continues to show distress. Moody’s™ Red-Green-Yellow Update is a quarterly report measuring risk in metros where deals were financed through commercial mortgage-backed securities.
Archives for 2010
Bernanke Implores Community Banks to Lend More
Federal Reserve chairman Ben Bernanke said banks across the country are systematically denying loan requests from financially credible small businesses. In a speech last week, he urged banks to lend to to small businesses, saying they are “crucial to America’s recovery.”
Colliers Principal Thinks Worst is Over
The Midwest industrial sector is showing some improvement. The vacancy rate for Chicago industrial property fell for the first time in ten quarters to 11.09%. Colliers David Bercu thinks the picture is somewhat promising and cites that he knows of several good sized deals in the pipeline. Read the full article or view the video. Read more…
Commercial Real Estate Largely Through the Free Fall
Regulators are keeping a close eye on bank portfolios where commercial property loans make up more than 300% of total risk-based capital, excluding loans where the borrower owns the office or plant it occupies. Some banks are having to purge commercial RE credits from their books because of various regulatory orders. It’s estimated that 20% to 40% of all U.S. banks are at or above those levels, creating opportunities for those who are below them. This article reports that there’s still room for CRE loans.
