Robert Knakal - State of the Distressed Nation

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Opening Address: State of the Distressed Union: Where We are and Where We are Headed * Robert Knakal, Chairman, Massey Knakal Realty Services

Immobilier

ROBERT A. KNAKAL Chairman & Founding Partner Massey Knakal Realty Services BACKGROUND: ,[object Object],[object Object],[object Object],BROKERAGE: ,[object Object],[object Object],[object Object],[object Object]

INVESTMENT SALES MARKET OVERVIEW ROBERT A. KNAKAL

2. COMMERCIAL REAL ESTATE METRICS TABLE OF CONTENTS ,[object Object],[object Object],[object Object],1. NEW YORK CITY OVERVIEW ,[object Object],[object Object],4. MACRO CONSIDERATIONS ,[object Object],[object Object],4. OPTIMISM VS. PESSIMISM ,[object Object]

NEW YORK CITY COMMERCIAL PROPERTY SALES Top Brokerage Firms 2001-2009 Based on # of Transactions (All Sales)

CITYWIDE DOLLAR VOLUME (AGGREGATE SALES PRICE) 2005 –2010, ALL SALES (IN BILLIONS) Source: Massey Knakal Realty Services

NYC TOTAL SALE DOLLAR VOLUME 2010 Source: Massey Knakal Realty Services

NYC TOTAL BUILDINGS SOLD Source: Massey Knakal Realty Services

% OF TOTAL STOCK SOLD Source: Massey Knakal Realty Services

AVG. PRICE PER PROPERTY SOLD (IN MILLIONS) Source: Massey Knakal Realty Services

AVERAGE PPSF MANHATTAN – FROM PEAK TO 2009 -32%

AVERAGE PPSF MANHATTAN – FROM PEAK TO 2010 -38%

A. VOLUME CURRENT ISSUES FOR THE INVESTMENT SALES MARKET ,[object Object],[object Object],[object Object],[object Object]

B. VALUE CURRENT ISSUES FOR THE INVESTMENT SALES MARKET ,[object Object],[object Object],[object Object],[object Object],[object Object]

C. DISTRESSED ASSETS CURRENT ISSUES FOR THE INVESTMENT SALES MARKET 1. Banks 2. Special Servicers 3. Government

1. Banks CURRENT ISSUES FOR THE INVESTMENT SALES MARKET ,[object Object],[object Object],[object Object],[object Object]

2. SPECIAL SERVICERS CURRENT ISSUES FOR THE INVESTMENT SALES MARKET ,[object Object],[object Object],[object Object],[object Object]

3. GOVERNMENT CURRENT ISSUES FOR THE INVESTMENT SALES MARKET ,[object Object],[object Object],[object Object],[object Object]

As we progress into 2011, there are many reasons for: ,[object Object],[object Object],Half Full or Half Empty?

10 THINGS TO KEEP AN EYE ON: 1. Unemployment 3. Banking 4. Global Implications 5. Supply vs. Demand 2011 and BEYOND 2. Corporate Profits 6. Housing Market 7. Inflation 8. Fed Monetary Policy 9. Deleveraging 10. Deficits, Debt, Pensions

ROBERT A. KNAKAL Chairman & Founding Partner Massey Knakal Realty Services [email_address] Massey Knakal Realty Services 275 Madison Avenue New York, NY 10016

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