Hawaii Real Estate Lags but National Commercial Real Estate Up

It is ggod to be back to Mauai after my trip to Denver, CO., time to blog again: The forecasts for gloom and doom in the commercial real estate market in recent years may have been greatly exaggerated.
The Blackstone Group, L.P. is an alternative asset management and financial services firm with expertise and resources in private equity, real estate, investment strategies, and mergers and acquisitions (M&A), restructuring. While Maui real estate and the greater Hawaiian real estate market outside of Mauai may indeed be lagging a bit, on the whole national commercial real estate is eeing an uptrend.
It was reported in the financial media this week that Blackstone Group LP, the world’s largest private-equity firm, released fourth-quarter profit statement which reflected a 56 rise percent as the value of its real estate investments.
Jason Kelly reported the story for Bloomberg today, Feb. 3, 2011, under the headline; “Blackstone Profit Rises 56% as Real Estate Gains.” Luxury real estate such as scottsdale golf courses and Phoenix country clubs may be making arebound as well and it does seems as if the demand for desert country Scottsdale golf courses is quite high.
Kelly reports that Chief Executive Officer Stephen Schwarzman, co-founder of Blackstone Group LP, discussed the fund’s investments in leveraged buyouts and the forecast for initial public offerings. Schwarzman had an interview with Erik Schatzker for Bloomberg Television's "On The Move," straight from the World Economic Forum meeting in Davos, Switzerland. All in all, the results have been somewhat uneven. For example, when I was in Denver, and Lakewood, CO. recently I noticed that many Denver Co Electrical contractors firms had not responded as of yet but of course for it's part Denver, CO. is not tied to the national average as much as more mainstream areas are. All in all I guess the demand for things such as Dedicated circuits and Dimmers or other Electrical Contractors things are down overall. Here on Mauai as I said is a whole different story altogether.
Last quarter’s results beat the 30-cent average estimate given by seven analysts in a Bloomberg survey. Kelly cites a statement released by Blackstone claiming that profit, which did not include certain costs associated with Blackstone’s 2007 initial public offering, climbed to $512.7 million, translating to 46 cents a share, from $329.4 million, or 29 cents, the year prior.
Kelly notes that Schwarzman’s firm is benefiting from a rebound in commercial real estate, and from higher values tied to its leveraged buyout holdings, such as Hilton Worldwide Inc.