Archive for Tom Royce
Mortgage Banker Association Takes 30 Million Dollar Loss on Real Estate
This is rich.
The Mortgage Bankers Association, MBA, bought a trophy building at the top of the market in Washington, DC in 2007 for 79 million dollars. A ten story beauty we are told, right down the road from the White House.
Well, they just sold it for 41.3 million dollars in early 2010. Not counting [...]
Commercial Large Project Lending Improves
I found some good news for the commercial real estate market, lending is improving for large projects.
The drought in lending in these markets as property valuations plummeted has been disconcerting to say the least, down right terrifying if you are looking to roll over a commercial real estate loan.
But as banks start to see [...]
Indiana University Basketball Announcer Todd Leary Arrested on Real Estate Fraud
As the real estate markets falter, the scams that came out of the boom are coming to light and are catching some people that you would not expect. The newest one, former Indiana University basketball player and current announcer Todd Leary was arrested.
The charges were that he took title insurance escrow funds totaling 1.3 [...]
A Rant on Congress, The President, and Commercial Real Estate
Can I be blunt. Our government is nuts.
On one hand it is sending signals to the New York Times that they are worried about commercial real estate, yet at the same time they are following a White House that recommends a 1.9 trillion dollar tax increase on businesses and the wealthy and wants to punish [...]
CalPERS Looking For Real Estate Advisors
Are you looking for easy money and a low bar?
Then CalPERS, the massive public employee retirement plan in California, may have the gig for you. They are looking for real estate advisor’s to guide there investments.
California Public Employees’ Retirement System(CalPERS) is looking to add real estate advisors to its special projects’ spring-fed pool, IM [...]
1Feb2010 | Tom Royce | 1 comment | Continued
Good News: REITs Trading at 20% Premium to Property Values
With the real estate market struggling to gain a foothold, news that the stock market is pricing Real Estate Investment Trusts (REITs) at a 20% premium to their property values is worth sharing.
While prices have not bottomed out according to experts, the market is nearing a range that there is optimism in the long [...]
Landlord Association Recommends High Credit Standards For Tenants
A recent report from The National Association of Independent Landlords recommends that landlords complete background checks for tenants.
And it makes perfect sense.
But you have to wonder what people are going to do if they have been foreclosed upon and are looking for a place to live. There credit is shot and quality landlords [...]
I’ll Take Some Eggs, A Gallon of Milk, and a 3 Bedroom Ranch?
Just because you can do something does not mean you should do it.
Someone please explain that to the braintrust of Re/Max of New England. Seriously.
They are planning on opening up 17 offices in Stop & Shop grocery stores. Again, my reaction is seriously?
The idea of going to a grocery store to buy a house just [...]
The Real Estate Economic War- Explained in a Rap Song Hayek vs Keynes
We are living in a period where the great economic arguments are being fought out right in front of our faces. The battle between Hayek and Keynes really has been waged with economic policy and governmental policy in our backyard. The real estate world.
There was a great rap video done, and I promise you, I [...]
Stuyvesant Town And Peter Cooper Village Poster Child of Easy Credit Excess
When we look back at the implosion in the real estate markets, the example I see being used the most will be Tishman’s purchase of Peter Cooper Village and Stuyvesant Town in New York City. This will be the poster child example.
I bring this up because today Tishman Speyers Properties gave up their ownership stake [...]
Great points Tom - the flavor of the day solution is only adding to the instability and volatility.
When Washington ...
I see it all too often where owners decide to be investors without understanding that tenants have rights. Its ...
cont from above post.....
please contact me via e-mail if interested in the home listed
above.
jonieckstrom@yahoo.com 
This is a topic currently being debated in our local Real Estate Board here in Toronto Canada. Online, we ...
A property management company should realize that most potential tenants now will have a foreclosure or bankruptcy on their credit....as ...
my boyfriend and i just fell for the scam ourselves, it's sad what they are able to do. I am ...
Now is an excellent time for business people to buy if they have decent credit (I did not say excellent ...
I just finished emailing some guy from "West Africa" who gave me the same exact bs. He even went so ...
