Comments on: Commercial real estate datapoint of the day http://blogs.reuters.com/felix-salmon/2009/07/07/commercial-real-estate-datapoint-of-the-day/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: peter http://blogs.reuters.com/felix-salmon/2009/07/07/commercial-real-estate-datapoint-of-the-day/comment-page-1/#comment-3860 Wed, 08 Jul 2009 13:21:57 +0000 http://blogs.reuters.com/felix-salmon/2009/07/07/commercial-real-estate-datapoint-of-the-day/#comment-3860 That’s right, I forgot the retail …actually Carlyle bought it last year for an even crazier amount:

http://www.reuters.com/article/pressRele ase/idUS125811+02-Jul-2008+BW20080702

]]>
By: na http://blogs.reuters.com/felix-salmon/2009/07/07/commercial-real-estate-datapoint-of-the-day/comment-page-1/#comment-3859 Wed, 08 Jul 2009 13:12:23 +0000 http://blogs.reuters.com/felix-salmon/2009/07/07/commercial-real-estate-datapoint-of-the-day/#comment-3859 666 fifth avenue is not a very useful comp. The fifth avenue retail was a significant component of that price.

]]>
By: peter http://blogs.reuters.com/felix-salmon/2009/07/07/commercial-real-estate-datapoint-of-the-day/comment-page-1/#comment-3778 Tue, 07 Jul 2009 15:19:56 +0000 http://blogs.reuters.com/felix-salmon/2009/07/07/commercial-real-estate-datapoint-of-the-day/#comment-3778 666 Fifth is a much better location, so 70% may be a little steep. But that’s not to dispute that there’s been a truly massive drop. And good point about the vacancy; not only were in-place leases a big liability during 06/07, many sellers were deliberately not signing NEW leases at those peak rents, because they knew the marginal buyer would underwrite even higher rents if they left the space empty.

]]>