15 Aug

Commercial Sector Forecasts Show Uptick in 2012

first_img in Data, Government, Origination, Secondary Market, Servicing, Technology December 13, 2011 466 Views Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2011-12-13 Abby Gregory The commercial real estate market in the U.S. appears set for an uptick in 2012, but don’t expect a headline-making rise. According to recent research from “”Jones Lang LaSalle””:www.joneslanglasalle.com/, economic indicators are pointing to a modest improvement in the commercial segment, and data from the company also reveals that rumors of a double dip in the sector during the coming year were premature.[IMAGE]Highlights from Jones Lang LaSalle’s “”2012 National Commercial Real Estate Outlook””:http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/Research.aspx included predictions tallying transaction volume and movement in the hospitality realm. Numbers from the survey call for an increase in total transaction volume of 15 to 20 percent, and the company’s statistics forecast an estimated $190 billion in volume for 2012.Commenting on the new data, Jones Lang LaSalle’s managing director of research for the Americas, Ben Breslau, said, “”Total investment transaction volume in office, industrial, retail and multifamily will increase by a projected 15-20 percent over the├âÔÇÜ├é┬á2011 forecast total of more than $160 billion, which in itself will represent an approximately 44 percent increase over total volumes in 2010.””[COLUMN_BREAK]Businesses’ future investment interest in the commercial segment also played a role in Jones Lang LaSalle’s evaluation, and the entity noted that it’s likely that businesses around the country will put strong consideration toward commercial real estate during the year ahead, as they focus on investments that are efficient and productive. Additionally, Jones Lang LaSalle noted in a company statement about the report that “”businesses will consider corporate real estate as a greater contributor to corporate social responsibility initiatives in 2012, shifting investments from new construction toward retrofitting existing assets.””The survey addressed global uncertainty, slow employment growth, and changes in the marketplace as important catalysts in driving down the demand for office space. However, Jones Lang LaSalle identified specific areas around the U.S. that seem likely to go against the trend, stating, “”Commodity- and technology-rich markets, such as Texas, Denver and Northern California will lead demand growth.””In the hotel and resort segment, demand is expected to continue its recent increases during 2012, but the company mentioned that the pace of the trajectory will be more “”cautious.”” Jones Lang LaSalle’s results also showed that private equity groups will be at the forefront of asset bidding in the commercial hospitality arena. Continuing his statements on Jones Lang LaSalle’s findings, Breslau added, “”Given concerns in Europe and in some emerging markets, we anticipate the United States recovery to be comparably stable in 2012, though the overall growth trajectory will remain modest. Debt financing will remain available for core real estate, and we expect the current slowdown in commercial mortgage-backed securities will be relatively short-lived, though the recovery in CMBS volumes will be choppy and will take time.””center_img Commercial Sector Forecasts Show Uptick in 2012 Sharelast_img read more

11 Aug

GLENDALE Ariz — The Tennessee Titans have been d

first_img GLENDALE, Ariz. — The Tennessee Titans have been described as a “dump truck.” Their 8-4 record had been called a mirage by some critics who pointed to their negative point differential.Their M.O. this season has been winning ugly. Turns out they can lose ugly, too.The Arizona Cardinals got four second-half field goals from Phil Dawson, contained Tennessee’s running game and generally made life hard on Marcus Mariota in a less-than-beautiful 12-7 win Sunday at University of Phoenix Stadium. Earlier in the season, a missed field goal might send Arizona into a tailspin. That didn’t happen Sunday. The Cardinals forced a three-and-out and then drove down the field for another Dawson make — this one from 32 yards to make it 9-7 Arizona.On Tennessee’s next drive, linebacker Josh Bynes read Mariota’s eyes and picked off a first-down pass, returning it to the Tennessee 15-yard line. A late hit penalty gave Arizona a first down at the Titans’ 7-yard line. They didn’t punch it into the end zone, but Dawson hit from 35 yards to make it 12-7The defense would do the rest.The Titans managed just four yards in their last three possessions.“I couldn’t be prouder of the character of the men in that locker room,” Arians said. “We’ve never lost two in a row at home in five years, and very seldom have we lost two in a row (overall) because of the character that’s in that room.”Character isn’t quantifiable. But shutting down an opponent is.“It feels really good,” outside linebacker Chandler Jones said. “Our defense really stepped it up, buying into what the coaches are preaching and guys were just making plays.” Jones sacked Mariota once and had him in his grasp on several other occasions.“I think I have to work on that,” he said. “Once I get free, I have to break down and lower my center of gravity.”The sack he did get was his 14th of the season, a new career-high for one of the league’s best pass rushers.Olsen Pierre and Haason Reddick each registered sacks. Tramon Williams had an interception and three passes defensed. It was a total team effort.“I think we’ve been doing that the last several weeks on defense, and a lot of times this season,” Bynes said. “The season hasn’t gone the way we wanted, but definitely defensively we’ve held the last three or four opponents under 100 yards (rushing) and that’s always a plus.” – / 20 “I know what everybody’s going to say, that this was an ugly win,” Cardinals head coach Bruce Arians announced at the top of his postgame press conference. “There’s no such thing.”He’s right. The ugly ones count just the same in the standings as the flawless ones — and the Cardinals have racked up their fair share of ducklings this year. They had to go overtime to beat both Indianapolis and San Francisco. They held on for dear life to grab a win over a hard-charging Tampa Bay team.But Sunday’s was a little different in that the Cardinals beat the Titans at their own game. It was Mike Mularkey’s team that was supposed to come to Glendale and grind out a win, but they had the tables turned on them.Tennessee (8-5) grabbed a lead in the second quarter. After a short punt from Arizona’s Andy Lee gave the Titans a short field, they cashed in. Derrick Henry capped a 50-yard drive with a 6-yard touchdown run midway through the period.That would be the last time the scoreboard would change on the Titans’ side.Dawson connected from 47 and 23 yards in the third quarter to pull the Cardinals to within a point. Dawson would then miss a 40-yard attempt early in the fourth that would have given the Cardinals their first lead. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Arizona Cardinals inside linebacker Haason Reddick, left, brings down Tennessee Titans quarterback Marcus Mariota (8) during the second half of an NFL football game Sunday, Dec. 10, 2017, in Glendale, Ariz. The Cardinals defeated the Titans 12-7. (AP Photo/Ralph Freso) Top Stories Former Cardinals kicker Phil Dawson retires 8 Comments   Share   Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impactlast_img read more