Double dip is on the doorstep
S&P/Case-Shiller 20-city index slides into negative territory
By Inman News, Tuesday, December 28, 2010.

Inman News

A double dip in home prices is almost here, with home values down from a year ago in 16 out of 20 metro areas tracked by a Standard & Poor's/Case-Shiller Home Price Index.

The S&P/Case-Shiller 20-City Composite Index - which showed annual home-price appreciation of 4.6 percent in May - re-entered negative territory in October, registering a 0.8 percent annual price decline.

Although the 20-city composite is still above its spring 2009 low, the index showed prices falling from September to October in all 20 metro areas tracked.

Six markets hit new lows for the current downturn: Atlanta, Charlotte, Miami, Portland (Ore.), Seattle and Tampa...

http://www.inman.com/news/2010/12/28/double-dip-doorstep

By ANTON TROIANOVSKI
Bloomberg News

As the market for office space shows signs of recovery, the suburbs are getting left behind.

For decades, the suburbs benefited from companies seeking lower rent, less crime and a shorter commute for many workers. But now, office buildings in many city downtowns have stopped losing tenants or are filling up again even as the office space in the surrounding suburbs continues to empty, a challenge to the post-war trend in the American workplace and a sign of the economic recovery's uneven geography...

http://online.wsj.com/article/SB10001424052748704058704576015660618563654.html?mod=djemRealEstate_Commercial_h

By KRIS HUDSON and ANTON TROIANOVSKI

Facing a $1 billion chunk of debt coming due Feb. 1, the CNL Hotels & Resorts Inc. properties owned by a Morgan Stanley fund have become the latest targets of opportunistic investors trying to take advantage of the woes of hotel owners who bought at the top of the market.

Similar due dates also are approaching for other owners, setting the stage for 2011 to be an active year for hotel-mortgage restructurings and takeovers. Other properties that might be up for grabs include the sprawling Atlantis resort complex in the Bahamas owned by Kerzner International Resorts Inc...

http://online.wsj.com/article/SB10001424052748703734204576019874170527258.html?mod=djemRealEstate_Commercial_h#

Anyone that hasn't seen the property tax series that the Atlanta Journal Constitution is doing, start checking it out. They are giving Metro Atlanta taxpayers reason to appeal  property taxes, as well as some (limited) market data to use.

http://www.ajc.com/news/dekalb/atlanta-property-taxes-north-785162.html

Although the latest changes to Georgia's property tax laws require that a notice is sent for every property, every year, it is still advisable to file a real property tax return. There is no doubt in my mind that some counties will be looking for loopholes to avoid sending out a much larger number of notices than they have in the past. As a result, for 2011, I suggest filing a return at a lower value than what they appraised it for in 2010. Then they will have to either accept your returned value, or send you a 2011 assessment notice that you can appeal. Please note that some counties require returns be filed by March 1. Contact us for additional information.

Latest CRE Price Analysis Reverses Positive Direction in October