The recession pulled down whatever gains that the real estate sector has achieved during the previous years, with the housing market emerging as the biggest loser so far but recent developments were pointing to commercial properties as the likely new target. In Frederick County alone, Costar reported of double digits vacancy rates in commercial spaces as Marty Lapera of Frederick County Read full article »
Archives for Commercial
Giant Commercial Real Estate Failures Appear To Fade Out Bigger Hiccups By Residential Sector
Located just nearby the North Central Expressway in North Texas were the framed structures of incomplete buildings and vacant lots that reminded long time residents of an earlier plan for a commercial complex that never took off, leaving behind instead a grim reminder of a crippling financial crisis that suck the life out of many commercial real estate projects in Read full article »
REIT IPOs Attracts More Private Real Estate Companies As Recent Gains Bolster Its Allure
The modern form of Real Estate Investment Trust in the United States traces its root in the 1960 as legislative initiatives gave birth to public ownership of commercial real estate, which since then has taken the path largely dictated by the pulse of the capital markets. Growths were seen for the most part while intermittent episodes of declines marred some bothering Read full article »
category: Commercial, Featured
Regions Bank Sues Wells Fargo To Force The Foreclosure Of NASCAR Plaza In Charlotte
Regions Bank has initiated court proceedings against the owners of the 19-story NASCAR Plaza following their loan defaults of $95 million that placed more pressures in Charlotte’s commercial real estate market as the 390,000 square foot office tower faces imminent foreclosure. The same suit also called on Regions co-lender, Wells Fargo & Co to take all the necessary steps even if Read full article »
More Green Buildings May Mean More Greenbacks, Developers Say
With the housing market only starting to pick up and the competition a little stiff, developers are looking at ways of lowering construction costs and attracting more renters. One way of doing so will be going green. Denver-based United Dominion Realty says going green just might do the trick. UDR’s East Dallas Belmont Apartments are packed with amenities such as swimming Read full article »
category: Commercial, Multi Family
CPR’s Aggressive Marketing Ploy Provides Hope And Opportunities For A Slumping Industry
America’s latest economic data is not helping the already tottering property industry and with the high unemployment rate again turning away prospective buyers from the market, realty firms would have to go the extra mile in order to promote growth in an industry already plagued by numerous woes. Property marketing experts are in consensus that amidst the difficulties, aggressive marketing and Read full article »
Proposed Mosque Structure Changes World View About The United States
While the proposed Islamic community center in Lower Manhattan has sparked raging debates on whether the initiative is appropriate or even moral especially when alluding to the 9/11 Al Qaeda attack, Abdelhamid Shaari could only hope that his aspiration of building a mosque for his congregants in Milan, Italy would at least inspire some form of conversation. At best, Shaari’s campaign Read full article »
category: Commercial, Featured
MBA Ranks Loan Servicers In Its Mid-Year Report
Mortgage Bankers Association released their mid-year rankings. It lists the top servicers for commercial and multifamily loans and also ranks by secondary market activity. Wells Fargo came on top in commercial and multifamily loans, servicing 40,292 loans totaling to $462.8 billion. PNC Real Estate/Midland Loan Services, Inc., with $307.9 billion serviced loans, placed second. Berkadia Commercial Mortgage LLC and Bank of Read full article »
Mobile Advertising Fast-emerging As The New Platform For Real Estate
The 90210USA.com mobile advertising platform is practically the world right at your fingertips and by using its vaunted features, real estate agents can now push their marketing and advertising campaigns to the limit with the instantly noticeable numbers of 90210. The New York Times christened mobile advertising as the most powerful advertising medium ever used by man and that reputation is Read full article »
After The Housing Market Meltdown, Experts Sound Alarm On Dangers Creeping On Commercial Properties
As the American economy again enters a period of uncertainty, industry analysts are raising valid concerns that the commercial real estate market could slide into a turmoil once the trillion dollars of loans that the sector carries begin maturing within the next few years. Experts explained that majority of commercial loans in the United States were contracted during the real estate Read full article »
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