We are seeing more reports almost daily that we may be at least near equilibrium regarding distressed CRE.  The latest report from GlobeSt.com offers:

Delta Associates will report later today that US distressed commercial real estate has hit a plateau. If that sounds familiar, it is–the research firm declared in its last quarterly report that signs were mounting that distress was peaking and heading into a long period of plateau. “We were right,” Delta CEO Greg Leisch tells GlobeSt.com.

For the rest of the story, click HERE.

According to Bloomberg, commercial real estate is “moving up.”  This would help to confirm the sense we are also getting that conditions are improving.  From our Sperry Van Ness associates nationally, activity is increasing.  And more sellers are now ready to consider using auctions to move commercial real estate. The article begins:

Conditions in the commercial real estate market improved nationwide in the third quarter with all seven property types moving out of weak rankings, a study released by Moody’s Investors Services on Thursday showed.

For the entire Bloomberg article, and specific stats from each asset class, click HERE.

What about you?  Is commercial activity increasing at all in your market or firm’s efforts?  Please tell us in the comments section below.

We’re seeing many headlines this week on Bank of America’s and GMAC’s announcements that they will resume foreclosure filings. Coverage ranges from positive to indifferent to negative. Regardless, this news prolongs turmoil that is swirling within many banks, and continues to impact their stock prices.  Stock prices need to rebound for banks to feel comfortable in continuing to dispose of non-earning assets (foreclosed properties and non-performing loans).

Banks Restart Foreclosures via WSJ.com

Mortgage Securities Show U.S. Foreclosure Crisis Overblown: Credit Markets via Bloomberg

Earlier this year, Sperry Van Ness’ auction team, Sperry Van Ness Accelerated Marketing, inked a strategic partnership agreement with online commercial property platform AuctionPoint. Through this agreement, AuctionPoint will power all of Sperry Van Ness’ online auctions.

This partnership allows Sperry Van Ness to offer property-specific online auction websites complete with property details, pictures and due diligence materials.  Bidders can enter an auction room and register to place a bid, and brokers will be able to qualify each bidder.  On auction day, buyers place bids in real time, creating market efficiency through technology.

“Sperry Van Ness is committed to offering our clients the most advanced strategic solutions available,” president and CEO Kevin Maggiacomo said in a statement. “Online auctions are revolutionizing the commercial real estate industry, and we want to help our clients participate in this new and highly effective way of doing business.”  All of Sperry Van Ness’ nearly 900 advisors will be able to offer their clients online auctions.