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Contract zoning war stories

Started Apr 8

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Recent columns

More pain to follow the passion

Occasionally a column comes along that is so insightful and relevant that I would be doing you a disservice not to find space for it in these pages.

Economist: Bad signs abound but RE still offers hedge

There is good reason to hope for continued capital flows to the sector and good rental rate growth.

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Profile

Title/Position: Editor

Company: Florida Real Estate Journal

Phone: 800-274-2812 x208

Fax: 863-299-3909

Website: http://www.FREJ.net

About Robert Pitts

Robert Pitts is the editor of Florida Real Estate Journal. With nearly 20 years of journalism experience, he has also been a reporter and editor with the Winter Haven News Chief and Canadian Media Enterprises. In addition to FREJ, he handles several special publications for the newspaper's parent company, RENI Publishing.

Robert graduated from Liberty University in Lynchburg, Va., with a bachelor's degree in journalism. He recently went back to Liberty to earn a master's degree in human relations (counseling) through the school's distance learning program.

When he isn't slaving away at the keyboard, Robert enjoys mountain biking, photography, running, training in the martial arts (Krav Maga and Combat Hapkido) and shooting.

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Robert Pitts's Blog

Wells Fargo loans, waits for CMBS to return

With the CMBS market all but shut down, Wells Fargo Bank has responded with two new permanent financing programs for commercial real estate that hold the loans in portfolio until CMBS investors regain some of their confidence. “We rolled it out pretty quickly after the CMBS market kind of came apart, knowing we had to serve our existing customers,” said John Tomlinson, senior vice president in the bank’s Orlando office. The first program offers short-term fixed and floating rates for most prop… Continue

Posted on June 26th, 2008 at 9:44am — No Comments (Add)

Hope remains for a limited government

I admit to being a little despondent about the upcoming presidential election. None of the candidates who seemed to genuinely care about reducing the size and scope of the federal government had a snowball’s chance in Florida of securing a party nomination - much less being elected. So as of this writing, we’re left with three contenders, none of whom seem to understand the phrase “limited government.” Their labels - Republican or Democrat - are unimportant. They all seem to be at ease with the… Continue

Posted on May 13th, 2008 at 4:47pm — No Comments (Add)

Desperately seeking subprime perspective

Lost in the screaming headlines about the current subprime mortgage “crisis” is a look at the big picture, which has been provided by a new Mortgage Bankers Association report. Looking at 4Q07 numbers, the MBA reported that subprime home mortgage loans make up just 13 percent of the total home mortgage loans outstanding. And among those, only 5.29 percent of subprime adjustable-rate mortgages are entering the foreclosure process. The rate for subprime fixed-rate mortgages is only 1.52 percent.… Continue

Posted on April 1st, 2008 at 11:49am — 1 Comment (Add)

Is the subprime crisis really so different?

Not really - if you agree with the research by two experts from the National Bureau of Economic Research. In a report titled Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison, Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University compared our country's current financial situation to that of several other countries prior to their own financial crises. Going back to 1974, the authors took a look at Spain, Norway, Jap… Continue

Posted on February 29th, 2008 at 4:57pm — No Comments (Add)

Loan doc woes bode ill for commercial real estate finance

I had an interesting conversation the other day with Steven Gomez, a managing director of the Commercial Asset Recovery & Restructuring Services business (CARRS) for CB Richard Ellis in Miami. I met Steve at the recent Mortgage Bankers Association CREF ’08 conference in Orlando, and in a follow-up interview he told me about a fascinating court case that is directly relevant to commercial real estate finance today. In the Feder… Continue

Posted on February 27th, 2008 at 11:30am — No Comments (Add)

Comment Wall (18 comments)

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At 9:53am on July 8th, 2008, Janice Paiano said…: Thanks Robert, I appreciate it.

Janice

At 4:58pm on June 18th, 2008, J Carson Longo said…: Robert,
Your "My Page" has a section below the "Profile" section called "About Robert Pitts". Matt Townsend has a similar section where he tells about himself. How is this section added to your personal page. BTW, do you prefer Alifia, Bellview/Santos or some other venue?

At 12:08am on June 18th, 2008, J Carson Longo said…: Robert,
Is there a way/process to add multiple RSS feeds to "My Page"?

At 7:55pm on June 17th, 2008, Steven Hithersay said…: Robert,
How do a change the wording under my name from "male and age" to " Medical Sale Leaseback specialist and Land Investment Councelor"

At 11:23am on June 17th, 2008, Ron Kerr said…: Robert, I hope that I am with the group Sperry Van Ness, which is what I want to be associated with. This looks like an exciting and fun site and I hope to get as much out of it as I put into it. The leaning process should be informative.

At 11:22am on April 30th, 2008, Brad Salzer said…: Robert,

Thanks. The hard copy of the FREJ is very informative and I think this is a great tool for the Florida Real Estate community!
Regards, Brad

At 10:41am on April 28th, 2008, Steven Hithersay said…: I joined because of Miguel de Arcos at our office.
I trust this site will prove valuable.
Thanks for you welcome.

At 12:21pm on April 25th, 2008, Paul Vera said…: Thank you very much, Robert.

At 12:08pm on April 25th, 2008, Paul Vera said…: Hi Robert, how can I replace my picture? Thanks.

At 2:38pm on April 14th, 2008, Laura Whitt said…: Hey Robert, just discovered this networking idea. I think it is a great way for real estate professionals to communicate. Since I am in the business of selling real estate through the auction method maybe I can bring some interesting topics to the table!