IPD: U.S. Real Estate Among National Top Performers
美國地產的投資回報率與其他國家相比表現頗佳

By: Suzann D. Silverman (CP Executive)

The U.S. commercial real estate industry is not only recovering, it is performing better than real estate in many other nations. That's according to findings of IPD, which hosted a conference to unveil its U.S. annual real estate index and discuss the state of the market. But in this volatile market, performance varies not just by market but by submarket, as well as by property type and quality of property.

"What's interesting is really the shape of recovery," observed Simon Fairchild, managing director for IPD North America. "(Real estate) recovered probably stronger than most people expected despite the debt overhang and fundamentals have been less impacted as well."

According to the IPD index, the United States turned in a 14.2 percent total return for 2010, about half income return and half capital appreciation. That's compared to negative 18.7 percent in the previous year and negative 35.2 percent total over the previous two years. The United Kingdom performed slightly better last year, delivering a total return of 15.1 percent. Among other countries, by comparison, Canada saw an 11.1 percent return, the Netherlands came in at 10.4 percent, Australia at 9.5, Denmark at 5.3, Sweden at 4.6 and still-suffering Ireland at negative 2.4.

For the United States, the performance was the third best in the past decade, according to IPD North America director of performance and risk analytics Jim Valente, who predicted a few more quarters of appreciation. After that, he noted, it becomes a question of where net operating income growth is going to come from as yields come down. And there is still a significant difference between primary and secondary markets, he added. "We're not seeing the growth lift all the ships."

That applies to property types as well: He predicted a steady demand for apartments, while power centers are doing better than expected, given big-box performance and an increase in Internet shopping during the past year and a half. Office is doing well, he said, although with the decline in employment so much greater than the decline in available office space, it is unclear where occupancy improvements are going to come from. Industrial will probably do better in the second half, he said.

Overall, there is still room for the 10-year Treasury rate to go up before mortgage rates rise significantly, but with cap rates starting to drop, it begs the question, "Are we back in a situation we were in just a few years ago?"
The economy rebounded a little bit last year, with more expected this year, affirmed Steven Cochrane, managing director of Moody's Analytics, during his economic overview. He has already pared back his expectations for GDP growth this year, from 3.9 percent in January to 3.5 percent, citing such concerns as oil prices and government cutbacks. But he predicted 4.1 percent next year, expecting real economic growth to take place then (he does not anticipate job growth reaching sufficient levels to support growth before then). In 2012, he forecasted, there will also be 2 percent profit growth.

However, this year, the recovery will expand from the small metropolitan areas, where it began in the manufacturing sector, to larger ones, he said. Already, the only states still in recession are Nevada and Mississippi, while North Dakota and Alaska are actually expanding, thanks to energy production. And "broadly speaking, the recovery is now in place across the country." The strongest metro areas, he said, are Boston, Washington, D.C., Seattle, San Jose and Dallas.
The forecasts were followed by a panel discussion among Jeff Barclay, managing director at Goldman Sachs; Michael Giliberto, president of S. Michael Giliberto & Co.; Bob Ruggles, RVA, U.S., president of Altus Group; and Bob White, founder & president of Real Capital Analytics. Barclay warned of a "distinct" bifurcation among markets and even among submarkets, with pockets of strength in the office market varying by geography and industry. In the industrial sector, he said, "I think there are opportunities that haven't been realized."

Ruggles agreed, noting that the industrial sector has held value for the past year and a half; the major industrial markets are filling up and rents will follow, he said. He expressed less optimism regarding the office market, citing shadow space.
Assets and property types that have yet to experience a capital markets boost will see it, White affirmed. He said he is bullish on Class A rents next year, although Class B and C properties are going to have a harder time improving.
The debt side is likewise showing improvement, Giliberto said, suggesting that investors who plan to keep loans on their books for seven to 10 years are going to see continued progress going forward, especially this year. He also predicted the potential for 5 to 15 percent more appreciation in returns, with perhaps 12 to 13 percent this year. Ruggles agreed,

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日美星地產 頻向台灣買家招手

更新日期:2011/01/13 02:45 王莫昀／台北報導

中國時報【王莫昀／台北報導】

台灣人愛買屋聲名遠播，日本最大開發商三菱地所昨宣布將位於西新宿預售案「THE PARK HOUSE 新宿 TOWER」，委託信義房屋不動產株式會社在台銷售，日前美國CCIM國際不動產投資師協會來台參加論壇活動時，也向台灣買家招手；據瞭解，年後新加坡將有業者來台促銷當地逾億元以上不動產。

「台北精華區房價很高，已與日本差不多了！」三菱地所執行董事佐藤公治，走過金融風暴的日本住宅市場，供需狀況開始趨於平衡，房市有好轉跡象，好地點個案在預售階段就已經完賣。

根據信義房屋12月針對網友「赴日買屋大調查」結果發現，台灣民眾對於赴日購屋躍躍欲試，有5成2民眾指出，若有合適的物件願意至東京投資房地產。特別值得一提的是置產型買方，在物件選擇上首重挑選「地段」，只要地段夠好，總價在5,000萬日幣(台幣1,700萬元)以上，租金報酬率4％至5％左右物件，接受度最高。

信義房屋不動產株式會社社長林彥宏表示，金融海嘯讓原本低迷不振的日本房地產進一步向下探底，出現超跌現象，直到去年好轉，銷售數字攀升。預期在東京周邊頂客族增加下，買氣將逐漸增溫。

另外，日本也感受到亞洲地區經濟成長快速，台灣、中國、新加坡等地富裕人口急速增加，基於資產配置的風險考量，這群高端消費者對日本不動產有著極大的興趣，為此，三菱地所去年9月先赴大陸拓銷新宿案，今年進一步來台開賣。

三菱地所觀察，台灣投資者與大陸買家最大差異是，台灣人對巿中心精華地段高價產品，最為青睞，而大陸買家則多在旅遊景點如北海道等地大舉掃貨。

國際商業不動產協會洛杉磯分會理事長John Hsu則透露，儘管美國經濟不景氣，許多商業大樓、商場空屋率高，物業屋主因承租商家生意不佳，連年無法調漲租金，造成一些商業不動產付不出貸款，不得不淪由法拍處理；不過，由於美國商業不動產的投資法規完整、透明，對外來投資客而言，投資基本面在可接受範圍，因此，頗受亞洲投資客青睞，組團前來考察。

John Hsu強調，目前亞洲，尤其是中國及台灣的投資團，紛赴加州洛杉磯、紐約及休士頓等沿海城市考察，除考察住宅市場外，也屬意商業大樓、商場及旅館等大型投資案，最感興趣地點為洛杉磯市、巴沙迪那、聖蓋博等地區。

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The Best Place to Raise Kids in California in 2011:
Rowland Heights

Family-friendly and Affordable

Bloomberg.com, By Venessa Wong and Joel Stonington

Nearby city: Los Angeles
Population: 46,793
Median family income: $72,985
Runner-up: Temple City

In San Gabriel Valley about 25 miles from downtown Los Angeles, Rowland Heights is home to a large Asian community. According to data from Onboard Informatics, nearly half the population is Asian and 33.2 percent is Hispanic. The area has several highly regarded schools, including the John A. Rowland High School and Killian Elementary School. "Rowland Heights is ... close enough to Los Angeles and all the excitement of big-city life, but [Rowland Heights] benefits from an influx of residents looking for a subdued setting," states the website of real estate agent Vincent Gottuso.

Using 2010 data from Onboard Informatics, a real estate information and technology company in New York, we evaluated a total of 5,418 locations nationwide with populations larger than the state median but no larger than 50,000. We considered only locations where the median income is within 20 percent of the state's median. The rankings put the most weight on school performance and the number of schools, crime statistics, and cost of living. Other factors included job growth, air quality, ethnic diversity, and access to recreational amenities (within the county), such as parks, zoos, theaters, and museums.

 

The following places we selected are neither rich suburbs nor havens for luxury living-so don't expect to find mansions and elite country clubs (although some areas will have them). Rather, these are communities inhabited mostly by middle-income earners that have good public schools, low crime, and resources to keep the family entertained on weekends.

 

Click here to see the best place in each state to raise a family.

 

Jennifer Prince, rankings analyst for Bloomberg, helped to compile this ranking.

 

Note: All data are 2010 estimates provided by  Onboard Informatics , the premier data company in the residential real estate market and a leading innovator of lifestyle search. Data sources include the U.S. Census Bureau, the Bureau of Labor Statistics, the IRS, the FBI, and the National Oceanic and Atmospheric Administration.

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STC-A good thing to know....

To Build an Emergency Kit

information excerpt from internet-for references only

STC小百科

自備緊急逃生包小撇步

來源取自網路 僅為參考用

所謂的「緊急逃生包」並不是會噴火或是可以當降落傘使用，

而是將生存與求生必須的物資、工具先行放入背包中，使災難發生時可迅速帶著求生背包逃離，提高獲救機率。

筆者曾經在國軍特戰單位服役過，在每次野外訓練中最重要的一項準備工作就是「打包」。

在這裡就簡單整理一下，教大家如何花小錢準備一個非常精實好用的「緊急逃生
包」！

首先，建議大家找一個較大的雙肩背包（雙肩背包在逃難時可以讓你的雙手空下來做其他的事），

並最好符合下列條件：
1.主體以帆布或尼龍等堅固的布料製成。
2.各背帶處最好有特殊縫線補強
3.有腰部與胸部固定帶者為佳
4.分隔的口袋都有拉鍊者為佳

接著，在去超市買一種超堅韌的黑色大垃圾袋（就是營業用的那種，大家應該有看過）。

接著把垃圾袋打開來，開口朝上，直接套進背包中成為內袋，調整袋內使其與背包形狀服貼。

然後就可以開始把求生的物品放進去，每個人的需求可能不同，但以下是建議一定要放的東西：

1.一瓶2000cc的瓶裝礦泉水。
2.至少3天份的乾糧（很硬的那種營養口糧，請勿放麵包進去）
3.高能量補給食品（營養棒、巧克力，筆者建議多放些阿華田粉末隨身包，其小小一包攜帶方便且營養豐富可迅速恢復體力，最重要是直接倒進嘴裡口味還不錯）
4.輕便雨衣（體積小，重量輕，可以遮風擋雨，必要時還可以作為取水的工具。）
5.LED手電筒與該乾電池
6.螢光棒
7.哨子（當你連喊救命的力氣都沒有的時候，只能靠它了）
8.超級小刀（如果有瑞士刀或專業求生刀更好）
9.乾燥的衣物
10.兩條繩子（一定用的到）
11.防風打火機
12.簡易藥品與個人藥品
13.身分證與存摺等證明文件
14.放點現金也是很重要的

整齊放好以後，將塑膠袋口向上拉起，然後...打個死結！（很紮實的那種死結）

再塞回包內並扣上背包就完成了。

接著告訴大家那個垃圾袋的功能可不是僅僅為了防水而已。

一旦遇到水災時把你淹沒時，背包內的垃圾袋會成為一個氣囊，向上浮起。

但剩餘的空氣仍然足以支撐一個成年男性以雙手攙扶，浮在水面上（像使用浮板那樣）爭取救援。

同時，由於氣囊有背包的外層保護，不易破損，並保護內部物品不浸濕。

特戰部隊會用數個這樣的背包搭配樹枝或結構，運送武器與傷患渡河。

打包好了以後，就把它放在門口附近以備不時之需，但別忘了每年要檢查更新裡面的物品喔！

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STC Friends | STC 之友

東區的辣味 Flaming Spice 鍋盆碗裡

Looking for a mouth watering hot pot?  Flaming spice is the place for you. 
Looking for firing meal? Look no further than Flaming spice

CRE Market Update  商業物業市場概括

GENERAL MARKET UPDATE  市場概括

The Recovery Will Be Bifurcated
有資金的借貸與貸款人將積極投資在現今市場，但缺乏資金的人將持續面對挑戰
 
Investment-Grade Properties See Largest Year-Over-Year Gain Since 2006
投資級地產的交易價與去年同期相比增長10.6%
 
Case for Green Buildings Grows Stronger for Owners and Occupants
新報告持續顯示環抱建築有助於縮減長期運營費用, 改善室內健康環境, 以及提高員工生產率
 
IPD: U.S. Real Estate Among National Top Performers
美國地產的投資回報率與其他國家相比表現頗佳

INVESTMENT OPPORTUNITIES投資機會

Recent Notable Distressed Property Deals
近期高回報的不良資產交易

RETAIL購物商場

Wealthy U.S. Individuals Invest in Commercial Property in Quest for Yield
富有的美國投資者將資金從低回報的銀行存款與債券轉移到高回報的商業地產
 

RESIDENTIAL住宅

U.S. Existing Home Sales Slump in February
美國二手屋的二月份銷售下降9.6%，房價創2002年以來 最低
 

FINANCING  貸款與資金

Consumer Money Rates (Mortgage Rate, Prime Rate, etc.)U
消費者市場利率：房貸、基本利率、等等
 
 

STC LISTINGS | STC 獨家代理物業出售

San Gabriel Office/Retail
聖蓋博獨棟商用物業
Santa Ana Preschool/Redevelopment Opportunity [In-Contract]
橙縣幼稚園/重新開發機會
Main St. Alhambra Retail/Office Mixed Use [In-Escrow]
阿罕布拉零售/辦公樓
Monterey Park Luxury Residence
蒙特利公園豪宅

About Us

STC Management is honored to be recognized as one of the  exclusively selected 515 companies world wide. And is the first Chinese own Real Estate company being award such honor in Southern California. STC Management has been honored as the AMO of the year in 2010.     ACCREDITED MANAGEMENT ORGANIZATION® (AMO®) Accreditation - recognizes excellence among real estate management firms. AMO firms manage approximately 2.6 million residential units and 1 billion net square feet of commercial space, the total value of which exceeds more than $289.1 billion.    STC 資產管理公司有幸榮選2010的最佳AMO公司。   在房地產業的發展中，國際資產管理 協會IREM®認知到業主在選擇信譽良好房地產管理的重要。該協會在1946決定核定嚴格的合格標準，認可優良的管理公司，並頒發正統的認證標制（國際認 證資產管理機構AMO®）來分歧一般與優良及信譽良好的房地產管理公司。國際認證資產管理機構的公司 管理大約260萬個住宅單位和10.000億平方英尺的商業空間，總價值超過超過289100000000美元。    國際資產管理協會 IREM®只頒發給公司企業此認證。    www.irem.org Back to top