CRE Distressed Assets Association Blog

New CREDAA Podcast on Bank Failures and the Opportunities They Present

JW Najarian — Fri, 16 Jul 2010 00:13:11 +0000

New CREDAA Podcast

Bank Failures and the Opportunities They Present

Peter O’Kane of Roanoke Financial Group

Peter discusses the RTC of the 90′s, Loss Share Agreements, the FDIC and how they handle failing banks and acquiring banks. Peter also discusses how his firm capitalizes on the opportunities to help investors find out where the opportunities exist.

To Listen to the Podcast CLICK HERE

JW Najarian
www.CREDAA.com
www.CREPIG.com

Double Dip Recession on the way?

JW Najarian — Fri, 16 Jul 2010 00:09:13 +0000

Double Dip recession coming?

Gary Shilling while interviewed on CNBC, says double dip recession possibility is at least 50% chance and growing based on the European debt crises, US stimulus is running out, the inventory cycle is unwinding, tax credits are over, housing is going back in the tank, consumer spending is weak, jobs are not picking up and Asia is in a big stop.

Paul Krugman, who was not a believer in the Double Dip theory, seems to be rethinking his position as he sees stimulus max out it’s effect on GDP and issues in manufacturing http://krugman.blogs.nytimes.com/2009/12/01/double-dip-warning

Nouriel Roubini is famous for being negative about our recovery and he has been right. http://www.economicpolicyjournal.com/2010/03/beware-of-double-dip-recession.html

I have been talking about a W curve for sometime and if you read Venture capitalist and co-founder of CREDAA, Warren Samek’s, recent blogs you will see his take on the markets and recovery.

To hear more about this you can check out Bob Schecter and myself discuss this issue on Networking Fools at Blogtalk Radio http://tobtr.com/s/1130139

JW Najarian
www.CREDAA.com
www.CREPIG.com

The “RE” Decade and My Breakfast with Brokers Series Part 1 of 6

JW Najarian — Fri, 16 Jul 2010 00:01:42 +0000

by Warren L. Samek Co-Founder on June 24, 2010 at 12:00pm

It’s always great to get out there and talk with real people about what’s really happening out on the streets. As part of an ongoing series I’ll be featuring my discussions during meals with many of the CRE industry participants I regularly have roundtables with. This week it’s the Breakfast with Brokers series.

The discussion starts off with the routine discussions about funding or lack thereof, bid-ask gap realities, lack of distressed supply in the market, where are the deals, etc. As a Co-Founder of CREDAA I take special interest in those CRE participants that are actively looking for ways to address the market with innovative, intelligent, and creative approaches. The CRE industry is turning from a market of checkers players to a market of chess players and this is happening at an astonishing pace.

I see successful organizations utilizing a hybrid model of adopting new technologies (due diligence, property research, yield management, property management, client management, and social media were the top areas of adoption in this group),and building relationships the old fashioned way: through superior knowledge, trusted partner networks, personal integrity, and READ MORE…..

www.CREDAA.com

CRE Ice Age Follow Up: Architectural Billings Down, 2011 to be Frosty too

JW Najarian — Thu, 15 Jul 2010 23:53:59 +0000

by Warren L. Samek Co-Founder on June 23, 2010 at 2:31pm

According to a soon to be released Reuters report, the American Institute of Architects’ Architecture Billings Index declined to 45.8 in May from 48.5 in April and word is the June number is shaping up to be in low 40’s. A score below 50 indicates a contracting demand dynamic. Because most of us in CRE know that the AIA Architectural Billings Index is a leading indicator for CRE projects (usually by 2 to 3 quarters) this spells more frosty frostiness into 2011.

What IS being designed for upcoming construction? Medical facilities, Senior Housing, Student Housing, Wind Farm Facilities, Parabolic Solar Trough facilities, Logistics/Warehousing facilities, and a lot of custom re-conversion and conversion designs for Multi-family (mid-way condo and townhome projects being turned back over to rental properties). That makes up the juicy part of the pipeline for our friends in architecture.

What is NOT being designed? READ MORE…

www.CREDAA.com

Anacondas, Federal Rabbits, and Swans

JW Najarian — Thu, 15 Jul 2010 23:46:42 +0000

by Warren L. Samek Co-Founder on June 23, 2010 at 11:30am

I wrote about his briefly in my last blog and wanted to just touch on a couple of points made clear to me by some friends of mine at Fed Region 12 and the FDIC:

1) Bank health is the ultimate priority for all else to function and for banking health to sustain its somewhat fragile recovery those rabbits in the Anaconda I wrote about in the CRE Ice Age blog earlier have to work its way through our global economic matrix (the interconnected economy). We cannot have the health of the overall system without…. READ MORE

www.CREDAA.com

CRE Ice Age

JW Najarian — Thu, 15 Jul 2010 23:37:43 +0000

by Warren L. Samek Co-Founder on June 22, 2010 at 11:51am

Over the last few months after dozens of meetings with CRE investors, attorneys, brokers, lenders, receivers, and other important participants it is painfully clear that we are in a CRE Ice Age of sorts. Liquidity no question is a general hot issue but that being said there is much capital “in the quivers” of sharp shooting CRE investors and opportunistic funds right now.

Sovereign wealth funds, private equity funds, hedge funds, individual and institutional investors all are waiting at the promised feast table. The table is set but the steak is missing. Where is the supply of distressed CRE assets? ….READ MORE…

www.CREDAA.com

What can I do in this down market? Great Question and I am glad you asked

JW Najarian — Thu, 15 Jul 2010 23:31:20 +0000

Added by Scott Miller – CoFounder on June 3, 2010 at 12:21pm

I was asked this question the other day and here are some of my thoughts. Spread out your wings and grow your market share, but be careful not to dilute your message. Pick the strength of your company and use that to your advantage. Make partnerships with … Continue

www.CREDAA.com

Commercial Medical Office and Facility Investments Are They The Next Big Thing?

JW Najarian — Thu, 01 Apr 2010 19:06:12 +0000

As Health Reform becomes law will there be a big play in the medical office and care facilities? Stories abound about how the new health reform will be a huge boon to the commercial markets. Is this so and at best doesn’t this just increase competition in a very speculative way?

It is reported that there may be a need for another 60 million sq. ft. of medical office space alone and big investors like pension funds and insurance companies need to spend huge amounts of stockpiled cash, sooner than later.

If this is true I would suggest getting in early and leaving just as early as the need to invest in this current environment may start a frenzy that could bubble.

What are your thoughts?

JW Najarian

CREPIG
CREDAA

Should we Eliminate FIRPTA Tax to Foreign Investors to Spur CRE Purchases?

JW Najarian — Tue, 09 Mar 2010 22:01:47 +0000

The Foreign Investment Real Estate Property Tax (FIRPTA) of 1980 requires foreign investors to pay as much as 55% tax on capital gains for the sale of U.S. real estate or share in real estate investment trusts (REITS) and real estate operating companies.

The repealing of this tax is being considered to help the commercial industry liquidity issues.

I believe the current repeal is not the answer to the industries problems, but can be thought of as a viable solution. I believe that just repealing the tax would might have some consequences and it would be hard to get through as Washington will stand to loose needed capital. I would like to see a change the would reduce the costs significantly which would help bring in extra revenue and not scare off congressional supporters that have a lot of fear around selling America overseas.

What are your thoughts?

For more information and to read more go to http://bit.ly/bbMYOb

JW Najarian

CREPIG
CREDAA

The IndyMac Slap Video – Sweet Deal to OneWest from FDIC?

JW Najarian — Tue, 23 Feb 2010 20:19:25 +0000

Recently the FDIC handled the sale of IndyMac to OneWest and there are allegations of a sweet deal that make OneWest huge profits while homeowners and taxpayers face huge losses. TBWS picked up the story and are running with it. Below is the video from YouTube and below that I have added the link to the original video. I do not know if the allegations are true. The information is here so you can decide.

This video is really getting around. I do not know if all the info in it is true, but I have added the FDIC OneWest Agreement from the FDIC site http://www.fdic.gov/about/freedom/IndyMacSharedLossAgrmt.pdf

The original story started on Active Rain and was picked up by TBWS http://activerain.com/blogsview/1243528/is-the-fdic-killing-short-sales

So what are your thoughts?

The original video can be found at http://www.thinkbigworksmall.com/mypage/archive/1/29027

JW Najarian

CREPIG
CREDAA