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Here is another commercial real estate credit report from Trepp on CMBS. This deal is off about 60% from its 2006 value. Never invest in a project that uses the words “Galleria” or “Centre” or “Pointe.” “Officentre”? Sounds more like “off center.” Michigan Office Sees Value Shaved By More Than Half The $86.2 million Galleria [...] The Daily Capitalist wishes to welcome Douglas McKnight as a new constributor. Doug will mostly discuss commercial real estate within the context of Austrian economic theory. Doug has been a commercial real estate appraiser for 23 years. He previously served as a director for the national appraisal firm Marshall & Stevens. [...] |
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