Recent trends are mixed. Values and sales bottomed in 2009 (charts 1 and 3 below), but vacancies are high (chart 2) and commercial mortgage-backed securities lending, while improving, is still weak (chart 4). “Extend and pretend” is the order of the day at commercial banks, which are digesting $80 billion of losses on commercial real estate loans, and the real challenge is still ahead: $1.6 trillion of commercial real estate loans are coming due in the next eight years.
See Commercial real estate coming back, but unevenly – WSJ.com.
Chrysler scores with a brilliant commercial, finished with an even better tagline.
And I like how it builds on the theme of Chrysler’s recent Jeep commercial. This is inspired marketing.
I didn’t say it—a leading corporate law professor did—but I can’t deny that I share the sentiment. Especially when I read articles like this: Litigators ruin pretty much everything – ProfessorBainbridge.com.
Did I mention I’m a transaction lawyer? To quote my favorite New Yorker cartoon: “I am a member of the legal profession, but I’m not a lawyer in the pejorative sense.”
New-home sales in the U.S. were up 17.5% in December, but 2010 was still the worst year on record for the homebuilding industry. For the entire year, approximately 321,000 new homes were sold—the lowest number since 1963, and 14% below 2009. The December surge is attributed, in part, to a homebuyer tax credit in California.
See Home builders saw weak sales in 2010 – WSJ.com.