Oct. 26 (Bloomberg) — Jamie Metzl, chairman of the Partnership for a Secure America, talks about China’s economy, real estate market and currency policy.
They speak with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)
Duration : 0:4:56
VERO BEACH entered their first district contest ranked 4th in class 8A by the Associated Press poll and boasting an undefeated record of 6-0. Centennial was 1-0 in district play and would become the district champs with a win over Vero beach, 17-14. Staff video: Keith Carson
Duration : 0:2:23
http://www.reit.com Acadia Realty Trust (NYSE: AKR) President and Chief Executive Officer Ken Bernstein said his company’s retail tenants are seeing their sales hold up fairly well amidst some tough economic times. Speaking with REIT.com during The Real Estate Roundtable’s fall meeting, Bernstein said there has been a measure of stability among its tenants, notwithstanding volatility in the capital markets.
“What we will have to see is how does this play out over the next several months. And if the economy continues to remain volatile, at what point does that start to truly impact fundamentals,” Bernstein said.
For the most part, Bernstein said the anchor tenants in the company’s shopping centers have been healthier than heading into the financial crisis of 2008 and 2009,” he said. “They have stronger balance sheets and their business has been somewhat steadier.”
Acadia is active as both a buyer and seller in the current market. “This is a good time to shed assets and be a seller of assets that are not consistent with your long-term strategy,” Bernstein said. “But because rates are so low, it is a good time to be a buyer of assets that you believe in long term.”
Looking at 2012, Bernstein said he is very optimistic regarding how the company is positioned for what might lie ahead. He said the company has been selling non-core assets and purchasing others so that 40 percent of the portfolio is urban or street retail, a third is supermarket-anchored centers and the balance is discounter-anchored.
“I like that balance, and I like where that positions us going forward,” he said. “We also have a very healthy balance sheet with plenty of dry capital to be acquirers. And we think some of the volatility in the system right now is going to create some interesting buying opportunities.”
Bernstein said what concerns him as he looks toward 2012 and beyond is that within the publicly traded real estate space there is a risk of “the baby getting thrown out with the bath water.”
“In other words, real estate should be in this kind of low interest rate environment a very attractive investment and, so far, real estate has been holding up OK,” he said. “There is a risk that REITs along with all other financial instruments will be sold off just out of fear.”
By Matt Bechard
Duration : 0:3:33
With growing numbers nationwide and internationally, the Occupy Wall Street movement has spread to VERO BEACH and Sebastian, garnering relatively small groups of all ages seeking to wrest democracy from the corporations and return it to the people. Staff video: Keith Carson.
Duration : 0:1:16
The Vero beach High School Marching Band performs during an exhibition during the Crown Jewel Marching Band Festival at the Citrus Bowl. Staff video: Keith Carson.
Duration : 0:6:59
Vero beach Fighting Indians remain undefeated after taking on Ft. Pierce Central at the Citrus Bowl. Staff video: Keith Carson.
Duration : 0:3:57
Incumbent Tracy Carroll, (left to right) challenger Ken Daige, incumbent Brian Heady, and challenger Richard Winger debate the issues during the Indian River Tea Party debate held at the VERO BEACH High School Performing Arts Center. Staff video: Keith Carson.
Duration : 1:40:14
Sept. 26 (Bloomberg) — Markus Rosgen, a Hong Kong-based strategist at Citigroup Inc., talks about the outlook for Asian stocks and his investment strategy.
Rosgen speaks with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg)
Duration : 0:4:0
Sept. 16 (Bloomberg) — Patrick Chan, vice chairman of Euro Asia Premier real estate Co., talks about real-estate prices in China.
He speaks from Frankfurt with Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)
Duration : 0:4:42
Local Zumba instructors and their students participate in a Flash Dance (Mob) during a break of the Sunset Saturday Night Concert Series near Humiston Park. Staff video: Keith Carson.
Duration : 0:3:23
