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Statistics |
| Unique Visitors: 1 |
| Total Unique Visitors: 2139 |
| Visitors Out: 201 |
| Total Visitors Out: 201 |
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| Ventura County commercial real estate market sees vacancies rise |
| 2008-07-04 13:30:00 |
A slumping national economy has finally caught up with Ventura County's commercial Estate">real estate market.According to a midyear report released earlier this month by Camarillo-based CB Richard Ellis, vacancy rates for retail, office and industrial space throughout the county are up in the second quarter of 2008 as compared to the same time last year.The subprime mortgage meltdown and rising gas and food prices have begun to take their toll on the county's commercial real estate, a market that has generally proven itself resilient to economic downturns.
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| More US commercial property defaults likely |
| 2008-06-11 03:31:00 |
U.S. commercial property sales transactions were off nearly 70 percent in the first quarter of 2008 versus a year earlier, according to research firm Real Capital Analytics. Buyers and sellers remain locked in a game of chicken, with neither wanting to compromise on price. This test of will has led to gaps as wide as 15 percent between bidding and asking prices. Rather than sell at a loss, some real estate investment trusts (REITs) and other borrowers are opting to turn their assets over to lenders when the associated mortgage is "non-recourse" -- meaning the lender cannot seek repayment by going after anything else the borrowing parties may own. But for commercial real estate companies, defaulting may actually be...
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| Commercial real estate prices slipping |
| 2008-05-20 15:54:00 |
Prices for commercial Estate">real estate slipped more than 2 percent in March as it became tougher to borrow money to buy property, Moody's reported Monday. The Moody's (nyse: MCO - news - people )/REAL Commercial Property Price Indices fell 2.3 percent in March from February, the largest one-month decline since the inception of the index. Prices are still up 0.9 percent from last March, Moody's said. Sally Gordon, a senior vice president, said the decline is to be expected as buyers cope with a tougher financing environment. The market is going to see "some ups, more downs, with a downward net bias over time
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| Commercial real estate industry hit by MBT |
| 2008-05-10 15:42:00 |
As Michigan's commercial Estate">real estate industry sorts out tax payments for the first quarter of 2008, many are finding themselves shocked by the impact the new Michigan Business Tax is having. Win Cooper thought he was going to be fine when the MBT replaced the Single Business Tax. As president and founder of Flint-based Cooper Commercial Group Ltd., and Commercial Board of Realtors 2008 president, he is as informed as anyone in the industry. He thought he was fine because one of the changes includes a tax on all gross receipts - including charges on which property owners don't make money, such as maintenance or snow removal - only charged when t...
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| Real estate Tucson's recent commercial sales and leases |
| 2008-04-12 03:13:00 |
● The Kivel Trust has purchased a 5,000-square-foot building at 3116 N. Swan Road. The price was about $1.4 million. Bob Kivel of Commercial Retail Advisors LLC represented the buyer. Rick Kleiner and Rob Glaser of Picor Commercial Estate">Real Estate Services represented the seller NFB Investors LLC. ● Effective Signs purchased a building at 1544 S. Euclid Ave. from Connelly Billiards for a new corporate headquarters. The price was $650,000. Chuck Corriere of Long Realty Commercial represented the buyer. ● MKB Painting Inc. of Phoenix purchased a 6,200-square-foot building at 5809 S. Belvedere Ave. for $900,000. Corriere handled the transaction.
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| Commercial Real Estate: R.I.P.? |
| 2008-04-02 04:46:00 |
Despite a relatively placid commercial Estate">real estate market thus far, Lahde still fervently believes that the "losses will materialize". Though he admits he doesn't have any idea how severe the losses will be, nor does he have a model that can correctly predict all the variables (who does?). He says he is sure of one thing though: "It is safe to assume a market is dead when deal volume falls to zero, as was the case with CMBS issuance during January 2008." He goes on to say that "risk premiums for this type of debt have skyrocketed as exhibited by the CMBX. If you dramatically increase the risk premium for an asset class, especially one that is so heavily financed, the value of
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| 6th Annual Commercial Real Estate Investors Forum Opens May 9 |
| 2008-03-30 03:41:00 |
Corporate sponsorships are now available for the Coachella Valley's 6th Annual Commercial Estate">Real Estate Forum May 9 expected to attract about 500 real estate professionals, investors and community leaders and executives throughout Southern California.The Desert Area Commercial Information Exchange, the professional organization of the desert's top commercial brokerage companies, will present "Finding The Upside In The Downside Market" at the Hyatt Grand Champions Resort And Spa in Indian Wells from 7 a.m. to 11 p.m. Admission, including breakfast, is $49 per person."This is the inside scoop about what's going on i
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| The pool of financing options for commercial real estate borrowers may get shallower |
| 2008-03-20 17:12:00 |
The downfall of the 85-year-old investment bank could increase investors' fears about commercial mortgage-backed securities, or CMBS, a key financing vehicle for commercial Estate">real estate. In addition, Bear's demise removes a sizable player in the industry. Bear Stearns was a major underwriter of CMBS, and held some $16 billion of commercial real estate bonds on its books.The commercial real estate market has been dependent on the CMBS market in recent years. Commercial mortgage-backed securities are essentially repackaged loans on office buildings, hotels and retail stores that are sold to investors. This market has provided the bulk of financing
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| A region’s commercial real estate market can be a good bottom-line |
| 2008-03-16 03:26:00 |
Frustrated by time constraints at the skating rinks they use now, team leader JoAnn Divers and her Bakersfield Rollergirls simply want to lease a space where they can practice, store their equipment and host competitions.Perhaps ironically, their inability to find a suitable building hints at stability within the local economy.Unlike the tough times facing Bakersfield’s housing market, the city’s commercial Estate">real estate market remains relatively strong. Demand from local businesses — especially those in oil and agriculture — continues to fill or nearly fill commercial space around town.“You always need ag and you always need oil, so we’
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| Pessimism builds for commercial real estate |
| 2008-03-10 03:13:00 |
Delinquency rates on commercial mortgages remain very low and the risks aren't the same as with residential loans.The pessimism building on Wall Street is showing up in an index called the CMBX, which tracks the values of bonds backed by commercial mortgages on such things as malls, hotels and office towers. Investors can choose between four series of indexes, each broken down by credit risk ranging from triple-A to triple-B-minus.The way trading has gone in recent weeks says that commercial Estate">real estate is doomed, which is raising fears about more big write-downs hitting the nation's already battered banks and about continued volatility in financial markets.The index has been soar
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| Weak commercial real estate outlook hurts some US bank ratings |
| 2008-03-02 16:50:00 |
BANGALORE (Thomson Financial) - Moody's Investors Service said it has taken negative rating actions on a number of US banks -- primarily regional and community banks -- prompted by concerns about their exposures to commercial Estate">real estate (CRE). The ratings agency has cut the outlooks of Associated Banc-Corp (nasdaq: ASBC - news - people ), Associated Bank NA, Bank of Nevada, Susquehanna Bancshares Inc (nasdaq: SUSQ - news - people ), Western Alliance Bancorporation (nyse: WAL - news -
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| Will the housing-market slump slam commercial real estate? |
| 2008-02-28 16:14:00 |
That's one of the questions Estate">real estate executives will try to answer during a Senate Finance Committee hearing Thursday slated to start at 10 a.m. EST. Among those scheduled to testify is David Seiders, chief economist at the National Association of Home Builders, a group so frustrated with Washington's inaction on the housing front that it recently cut off all contributions to Congressional office seekers "until further notice." The trade group wants lawmakers to modernize the Federal Housing Administration and reform Fannie Mae and Freddie Mac, the biggest sources of financing for U.S. home loans.
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| Commercial Real Estate Outlook |
| 2008-02-24 04:25:00 |
Thrift Industry Posts a Record $5.2 Billion Loss. "Office of Thrift Supervision Director John Reich predicted a stressful year for the banking industry and described a "contagion" in the housing-market turmoil that has spread to rising commercial real-estate, small-business and credit-card delinquencies. Federal bank examiners have ramped up scrutiny of commercial real-estate portfolios, especially at smaller banks with high concentrations of these products." (Wall St. Journal, Feb. 21st)
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| Commercial real estate: New plans for Old Plainview |
| 2008-02-18 16:08:00 |
At the time, Rechler and Wang told the community that after years of work developing the proposal, they would prefer to build what was already permitted there rather than continuing to engage in a down-and-dirty fight with legions of civic activists.Now the partnership is in contract to sell the 22-acre parcel north of Old Country Road -- which Old Plainview would have turned into a mix of housing and retail -- to Steel Equities, the Bethpage-based landlord owned by the Lostritto family.
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| Exposure to U.S. commercial real estate could hurt TD |
| 2008-02-18 15:25:00 |
TORONTO - Executives at Toronto-Dominion Bank have accepted deserved plaudits for avoiding the sort of subprime-related writedowns that have beset rival banks.But if pride comes before a fall, TD's senior management will likely be growing more wary about the bank's exposure to other areas of the faltering U.S. economy, and in particular the deteriorating commercial Estate">real estate sector.Defaults on residential mortgages have rightly grabbed most of the negative headlines about the U.S. financial sector, but higher defaults on commercial real estate loans look more likely too.
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