About This BlogUnvarnished truth. Consultant Jonathan Miller (Miller-Ryan) has compelling views on the market, and he shares them with GlobeSt.com subscribers.
Advantage Developers For Now
We’re now well into the development stage of the real estate cycle—even though commercial vacancy rates are higher than average in many markets this late in recovery.Read More
Here We Go Again--Development in Atlanta...Ferguson... Going Global?
Development Ramps Up Again in Atlanta: The market office vacancy rate is 17% (down from the mid-20s), but developers are resuming activities, specifically in uptown Buckhead, the city’s most desirable submarket.Read More
Past Performance Does Not Guarantee Future Success
It’s the point in the real estate cycle where early opportunity and value add funds sell assets and pay back investors typically with extremely solid returns. If you invested in apartments or office in major downtowns in 2009 or 2010 you have done rather well. Hotels have also escalated in value and industrials have rebounded. It’s time to cash in. …Read More
Stretching (or Over-reaching) on Deals
Having trouble putting money out, sustaining a decent yield? Who isn’t? It’s been a consistent theme too much capital chasing too little quality real estate product, and the smart money is holding onto stabilized, core product in the top-tier, 24-hour markets. So investment managers and private equity players find themselves stretching—their investment parameters, the range of markets they consider, the property types they seek, and the ultimate deals they do—to keep their clients and partners happy,…Read More
New York’s Condo Reach: How Much is Too Much?
Marble and granite may still be in favor as part of the executive suite, only now its in kitchen countertops and shower-bathroom accommodations rather than in vast entrance lobbies and curtain walls.Read More