Grootste pensioenfonds USA loopt weg van investering 2007

[Cees Binkhorst]

REPLY TO: D66 at nic.surfnet.nl

Tot hun eeuwige schaamte loopt het grootste pensioenfonds in de USA weg
van een investering in 2007.
Net zoals de afgedwongen huizenverkoop van miljoenen Amerikanen!
De opbrengst van het gebouw is nu $20 per square foot en hun aankoopprijs
was meer dan $28.

Overigens loopt Oregon ruim voorop in het banenverlies in het laatste jaar
(sommige counties meer dan 7% werklozen er bij).

Hoezo het gaat goed met de USA-economie (als je naar de beurs kijkt, en de
verhalen gelooft)?
Hoezo investeringsdeskundigen in huis?

Groet / Cees

http://www.bizjournals.com/sanfrancisco/stories/2009/08/17/daily50.html
The California Public Employees’ Retirement System has given up control of
the KOIN Center, The Wall Street Journal reported Wednesday.

After action by a state circuit court in New York, a receiver can now be
appointed to take control of the building and sell it.

A partnership of CalPERS and CommonWealth partners LLC of Los Angeles
defaulted on a $70 million mortgage to New York Life Insurance Co.

The partnership paid $109 million to buy the 355,000-square-foot office
building in 2007, at what was then the top of the market. The building, is
one of the tallest buildings in Portland, Ore. It opened in 1984.

The decision by CalPERs to walk away from the investment shows even large
institutional investors are choosing to give up on troubled properties
rather than put more money into them, according to the Wall Street
Journal.

The office building has lost some major tenants, and it is expected to
have a vacancy of about 26 percent by the end of this year.

CalPERS bought the building expecting rents north of $28 per square foot.
Buildings in Portland are now leasing for about $20 a square foot.

The vacancy rate is about 6 percent. It's much better than the national
average of approximately 13 percent, but the demand for office space has
evaporated.

The office space in the KOIN Center is in the lower 19 floors of the
building. The top 11 floors are condominiums, and the residential units
are not part of the office default.

**********
Dit bericht is verzonden via de informele D66 discussielijst (D66 at nic.surfnet.nl).
Aanmelden: stuur een email naar LISTSERV at nic.surfnet.nl met in het tekstveld alleen: SUBSCRIBE D66 uwvoornaam uwachternaam
Afmelden: stuur een email naar LISTSERV at nic.surfnet.nl met in het tekstveld alleen: SIGNOFF D66
Het on-line archief is te vinden op: http://listserv.surfnet.nl/archives/d66.html
**********