Word: quarterly
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...months to rebound after the recession's end, and in the 2001 downturn, it took 29 months for the sector to recover, says Bob Bach, chief economist with Grubb & Ellis Co., a commercial real estate services and investment company. Even if the current recession ended in the second quarter, it could take anywhere from 14 to 29 months for real estate to bounce back, says Bach. Unemployment, which is expected to hit 10.5% in 2010, exacerbates the situation, he says. All of this will likely lead to higher default rates on commercial property loans and distressed property sales...
...investors overreact when they jumped into the sector last March and drove REIT prices up 97% from that trough? Not exactly. REIT valuations were extremely cheap, as the sector had lost 73% of its value from its peak in February 2007. "REITs were priced in the first quarter like they were going bankrupt," says Robert W. Baird & Co. director David AuBuchon. (Read "Commercial Real Estate - the Economy's Anvil...
...still strong. "Kindle has become the No. 1 best-selling item by both unit sales and dollars - not just in our electronics store but across all product categories on Amazon.com," Amazon founder and chief executive Jeff Bezos recently said. Amazon's profit soared 68%, to $199 million, for the quarter that ended Sept. 30. The book discounts could draw traffic to the site and tempt shoppers to pony up for the $259 Kindle. (See nine e-readers to gawk...
With 1:43 remaining in the second quarter, the Crimson had the ball at the Tigers’ six-yard line. Winters took the snap and rolled to his right, trying to find an open receiver...
After Gordon punched in a touchdown from three yards out late in the third quarter to give the Crimson a comfortable 31-3 lead, Harvard brought in some of its third and fouth stringers. Freshman Colton Chapple and junior Matt Simpson both spent time under center in the fourth quarter, and senior Cheng Ho—who is third on the running back depth chart—managed a team-second 73 yards on just 12 carries and a touchdown in his limited play in the fourth quarter...