Investors seem to be crooning Willie Nelson’s “The Party’s Over” song lately.
Thinking that all good things must come to an end, many are hunkering down for a storm seemingly before the clouds have begun to darken.
The fact that the Federal Reserve raised the interest rates range by 0.25 percent for the first time in nine years should be interpreted as a positive sign that the economy is doing better, but market sentiment is decidedly negative.
The 300 or so real estate investors, brokers and developers who attended the Saul Ewing Real Estate Conference at the Baltimore Convention Center last week were in a decidedly positive frame of mind, and for good reason. Many industry observers consider the current market to be as good as it gets in real estate, with plentiful financing options, declining vacancies and increasing rents and ROI’s.
By Erika Morphy, Globe St., November 16, 2015
WASHINGTON, DC—This weekend, it seemed, the world came apart. On Friday evening, three carefully-coordinated attacks by seven terrorists in Paris, France killed 129 people and injured 352. The country’s borders were closed and a manhunt initiated for one of the suspected perpetrators. A grim and heartbroken President Francois Hollande fiercely declared “We are at war.” No one disagreed.
The attack on Paris was preceded by a less noticed double suicide attack in Beirut,
“Canary in a Coalmine” was one of the lesserplayed songs on The Police’s 1980 album, “Zenyatta Mondatta.”
The song, about a person living nervously, referred to the miner’s tactic of bringing a canary into a coal mine to act as an early detection signal when poisonous gases were present that could prove deadly.
Today, while everything appears sunny in commercial real estate,
by Sarah Mulholland, Bloomberg Business
November 5, 2015 — 5:00 AM EST
Who do billionaires turn to when they want to buy apartment complexes? The U.S. taxpayer.
Barry Sternlicht’s Starwood Capital Group and Stephen Schwarzman’s Blackstone Group LP are in talks with Freddie Mac to finance two transactions totaling more than $10 billion, according to people with knowledge of the negotiations. Those discussions come after the government-owned mortgage giant already agreed to back Lone Star Funds’ $7.6 billion deal to buy Home Properties Inc.