Continuing on the Path to Recovery
In an abbreviated edition of his semi-annual podcast to members of the CCIM Institute, RERC's Ken Riggs noted that while investors remain nervous about the volatility we are seeing in the stock and bond markets, much equity is still sitting on the sidelines "looking for a home." Commercial real estate—and the reduced amount of risk associated with this investment alternative—is looking decidedly more attractive. Even so, investors are taking the time to “get it right” during this prolonged recovery period…
2010 To Be Another Tough Year
RERC's Ken Riggs notes that while institutional real estate has been forced to mark to market and prices are close to bottoming out, the broader commercial real estate market still has a ways to go and it will take some time to "come clean." Listen to Riggs' view of what the industry and investors should expect in 2010 and beyond.
Dealing with a Distressed Market
As the process of repricing and an increasing number of distressed properties create more uncertainty for investors, commercial real estate is facing its greatest challenges since the 1990s. What should investors expect over the near term?
The Impact of Cap Rates on Values
From a pricing and value perspective, the institutional commercial equity real estate markets are facing headwinds that were never imagined a couple years ago. RERC's required cap rates have increased and now stand at 8.4 percent, which is very close to the level recorded in first quarter 2004. The question is, how much further--if at all--will they increase? (The complete article, "Valuation Navigates Steep Cliffs," is provided in the summer 2009 issue of the RERC Real Estate Report.)
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Published Articles
Articles Published in the RERC Real Estate Report:
- "Running the Value Gauntlet," by RERC CEO Ken Riggs, Jr., CFA®, CRE, FRICS, MAI, as published in the fall 2009 RERC Real Estate Report.
- "Valuation Navigates Steep Cliffs," by RERC CEO Ken Riggs, Jr., CFA®, CRE, FRICS, MAI, as published in the summer 2009 RERC Real Estate Report.
- "Holistic Asset Strategies Offered for Today’s Challenges," by RERC’s Jules Marling, III, CRE, FRICS, MAI, as published in the spring 2009 RERC Real Estate Report.
- "Truth and Consequences: Harsh Light on Responsibility in the Financial Crisis," by guest author Hugh F. Kelly, CRE, in the winter 2009 RERC Real Estate Report.
- "Better Answers to the Same Old Questions," by RERC's Kent Steele, CRE, FRICS, MAI, and Edward A. de Laurier, CRE, FRICS, CCIM, MAI, as published in the summer 2008 RERC Real Estate Report.
- "Hotel Markets Face Uncertainty" by RERC's Greg Kendall, CRE, MAI | RERC Hospitality, in spring 2008 RERC Real Estate Report.
- "Buying a Busted Condo Development: Opportunities and Risk," by RERC's Jules Marling, III, CRE, FRICS, MAI, in the winter 2008 RERC Real Estate Report.
- "Expanding Investment Conditions for Real Estate—In Search of Alpha," by RERC's Del Kendall, CRE, MAI, as published in the summer 2006 RERC Real Estate Report.
- "Priced for Perfection—Where do we go from here?" by RERC's Don Burns, CRE, FRICS, MAI, as published in the spring 2006 RERC Real Estate Report.
- "Self-Storage—The Maturation of An Asset Class," by RERC's Kent Steele, CRE, FRICS, MAI, as published in the winter 2006 RERC Real Estate Report.
- "Hurricane Katrina’s Impact on the Regional Hotel Market," by RERC's Greg Kendall, CRE, MAI, as published in the fall 2005 RERC Real Estate Report.
- "Does the Housing Bubble Mean Trouble for the Economy?" by RERC's Jules Marling, CRE, MAI, as published in the summer 2005 RERC Real Estate Report.
- "What’s Ahead for Real Estate?" RERC’s Editorial Board speaks out in a Q&A format, as published in the fall 2004 RERC Real Estate Report.
Articles Published in other Periodicals and Resources:
- "The Road to Recovery," by RERC’s Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the Jan./Feb. 2010 issue of Commercial Investment Real Estate magazine.
- "Crossing the Divide," by RERC’s Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the Jan./Feb. 2009 issue of Commercial Investment Real Estate magazine.
- "Adjusting to New Realities," by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the July 2008 issue of Mortgage Banking Magazine.
- "Financial Instability" by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the Jan./Feb. 2008 issue of Commercial Investment Real Estate magazine.
- "Press Pause - 2007 Midyear Forecast" by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the Jul./Aug. 2007 issue of Commercial Investment Real Estate.
- "2007 Outlook: When the Going Gets Tough..." by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the Jan./Feb. 2007 issue of Commercial Investment Real Estate.
- "Changing Conditions," by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the Jan./Feb. 2006 issue of Commercial Real Estate Magazine.
- "Tomorrow’s New Orleans," by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the October 2006 issue of Mortgage Banking Magazine.
- "Capital Still Flows into Commercial Sector as Investors Become More Discriminating", by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, Real Estate Issues, fall 2006.
- "Managing Expectations in a Riskier World," Focus on Investment Conditions, by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, Real Estate Issues, summer 2006.
- "A New Level of Industry Maturity," by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the January 2005 issue of Mortgage Banking Magazine.
- "Something Has to Give - Or Does It?"Focus on Investment Conditions, by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, Real Estate Issues, winter 2005-2006.
- "Searching for Clarity in an Uncertain World" Insider's Perspective: Focus on Investment Conditions, by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, Real Estate Issues, fall 2004.
- "Storm Watch," by RERC's Ken Riggs, CFA®, CRE, FRICS, MAI, CCIM, as published in the July 2004 issue of Mortgage Banking Magazine.
- Interview with Ken Riggs, REALTORS Commercial Alliance Technology & Intelligence Briefing, conducted by Jack Peckham, Fourth Quarter 2006, available in both text and podcast formats.