--- In [email protected], "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> Very interesting (maybe boring for some), but from this read, $60m
> (that number again) seems that was MM.s money, then this pension
> system, Jan 2007, kicked in $125m (25%). Dan would be the best to
> comment I guess.
>
> http://www.psers.state.pa.us/org/board/resolutions/2007/madison.pdf
>
> Some of their analyis on the economy and commercial vacancy rates from
> today's view, is off.
>
> That coincides with numbers on the commercial side predicting higher
> vacany rates even on commercial spaces. Like MM, I have a client with a
> shopping center half full, current tenants in a panic. They are ready
> to offer one year free rent to get new business in and/or a piece of
> the business.
>
How many have egg on their faces? I thought the market was going to
tank in 2005, 2006 and 2007. I was finally right.
Tons of valuations were wrong. Big deals in NYC going/gone south.
Macklowe destroyed (again). Tishman Speyer may not make it with their
heady purchases of Peter Cooper Village and Stuyvesant Town.
Archstone, Blackstone and others' deals unwinding. Everyone forming
groups to assist in distressed properties.
Ha! Sort of like the doctor being your undertaker too. Not only can we
guard your health, but if you don;t make, don't worry, we can bury you
too. Nothing like one-stop shopping.
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