Strength in the office sector brings rise to secondary markets, and what Warren Buffet has to say about investing in commercial real estate
Feb 28, 2014
Here are the news stories you might have missed this week:
CNNMoney: Buffett’s annual letter: What you can learn from my real estate investments
In an exclusive passage from Warren Buffet’s upcoming shareholder letter obtained by CNNMoney, Buffet informs readers that you don’t have to be a farmer to make your living off the land. In his letter, Buffet reflects back on two of his early real estate investments to illustrate key fundamentals of investing and the major difference between stocks and real estate. To read the full excerpt, click over to Finance.Fortune.CNN.com.
SFGate: Art galleries swallowed up by S.F. real estate boom
A commercial real estate boom in San Francisco is forcing distinguished art galleries to abandon their downtown zip codes to make way for the growing tech industry. But the moves may actually signal a broader trend for galleries, with some art enthusiasts predicting a more Internet-driven future for this traditionally brick-and-mortar avocation. Visit SFGate.com to read more about the transformation of the downtown gallery district.
Commercial Observer: Strength in real estate stocks may signal merger/acquisition spike
Despite a rocky start for the S&P 500 index in 2014, investors may be finding solace in the commercial real estate sector. With major players CBRE and Jones Lang Lasalle trading near 52-week highs, some experts believe this success may signal an active year ahead for expansions, mergers and acquisitions in the industry. Check out CommercialObserver.com for more details.
CoStar: High turnover in office ownership confirms growing strength of secondary markets
The office market was a hotbed for investment in 2013 with overall office sector activity increasing 17% over the previous year. While major cities like Washington D.C., New York and San Francisco had a less-than-impressive inventory turnover, secondary markets like Austin, Dallas/Fort Worth, Atlanta, Houston and Denver were especially attractive to investors. Read more about the recent investment trends at CoStar.com.