SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Commercial Real Estate tic.............tic,,,
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Perspective who wrote (66)11/28/2008 1:05:01 AM
From: Stoctrash  Read Replies (1) of 442
 
I reported this on the RE thread a few days ago but here it is again:
Friend was just in FL at CRE conference - Banks openly saying they're not lending nutting for 90 days, just waiting to see how chips fall. Values in free fall, etc etc. Guy who went came back scared as he really had not heard such negative CRE news because his world (office space) had been holding up well in the NE.

I'm reading the SPG conf call, who believes these comments?
seekingalpha.com

"Rick Sokolov

I would only add two things. One, we have made it [incumbent] upon our leasing agents to look out a year to identify those tenants that David just mentioned that are coming to an end of the lease term with lower than appropriate productivity and we want to make sure that we have already started leasing their space to another tenant, which will enable us to hopefully maximize our ability to either renew that tenant with better rent or just say, thanks, we appreciate that you have to leave, good bye because we have a replacement tenant at market rate.

And the only other thing I would say and this is to David's point that we are not a retailer. We are very focused on the credit of our tenants and we have an entire department here that is constantly assessing that credit and [happily] in this cycle the credit of the tenants that we are doing business with happens to be substantially firmer than it was in previous downturns, say in 80 and in 90. So you have many less people walking in and saying I'm out of business, now let's talk.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News