Poonkulali Thangavelu

Poonkulali
Thangavelu
Articles
Interstate Pares Fourth-Quarter Revenue Expectations
Against the backdrop of rising hotel supply and lower occupancy rates, Interstate Hotels & Resorts has attempted to shield itself from the ongoing economic downturn with a diversified earnings base.
No Automatic A for Student Housing
In 1998, Paul Dunlap, president of Dunlap Property Group based in Fullerton, Calif., saw an opportunity to buy and rehabilitate a multifamily property
John Jacquemin: Hedge fund profits from downturn in CMBS
Some investors in commercial mortgage-backed securities (CMBS) blame problems in the sector on hedge funds that short the CMBX an index series that allows
Apartment Market Conditions Reach New Lows
Market conditions in the multifamily sector are as bad as they’ve ever been, according to the National Multi Housing Council’s (NMHC) latest quarterly survey on apartment market conditions.
SL Green Gives New York Office Market Thumbs Up
SL Green, a leading New York-based office real estate investment trust (REIT), has not yet seen much impact from the downturn in the financial services sector in its third quarter earnings.
Current Downturn Similar to Late ’80s, Says New York Fed
The job losses experienced in the financial services sector in New York City through the summer of 2008 have been relatively moderate, but considering that the current downturn is similar to the one in the late 1980s, more deterioration may be yet to come.
Commercial Mortgage Delinquencies to Gain 0.5% in 3Q?
Delinquencies on commercial mortgages could rise to 2.4% for the third quarter, from 1.9% for the second quarter, according to an estimate from Foresight Analytics.
Market Participants Assess Distressed Debt Opportunities
With all sorts of distressed debt investing opportunities now available after the excesses of the last few years, buyers and sellers are treading cautiously and looking for some kind of validation for pricing.
Fitch: Commercial Real Estate Loan CDO Delinquencies Rise
Delinquencies on commercial real estate loan-related collateralized debt obligations (CDO) have risen to 2.39% for September, up from 1.79% in August, according to Fitch Ratings.
Tenants Better Positioned in New York Office Market
With the financial services sector in upheaval, the New York office market is beginning to feel the heat. And it is likely to get worse before it gets better.
Continuing Job Losses Could Batter Fundamentals
The loss of jobs is a troubling sign for absorption of office space and indicates a weaker economy that will reduce demand for all types of commercial real estate going forward.
REITs Down Through September
While real estate investment trusts performed better than other investment avenues, their total returns were down 1.25% at the end of September
New York Office Vacancy Likely to Rise to 13%
Property & Portfolio Research, a Boston-based commercial real estate research firm, has released estimates of what the impact might be on the New York office market as a result of recent cataclysmic financial events, including the bankruptcy of Lehman Brothers.
Matthew Hoffman: Being a hedge-hog can pay off in a down market
As lenders hoard capital in these uncertain times, debt financing for commercial real estate investments has nearly come to an abrupt halt. But Matthew
Shifting Economic Sands Challenge Construction Spending
As banks continue to curtail the availability of financing, a slowdown in commercial real estate construction spending appears inevitable. After gaining an average of 2% per month for the first seven months of the year, total spending in nonresidential construction was up a mere 0.2% in July, according to a Census Bureau report. And according to the August figures released by the government, nonresidential construction spending contracted 0.1% in August, compared to July.

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