Posted by Clarke on March 27, 2009 under Good Info - Read It | 
With loan defaults rising, analysts say the struggling commercial real estate industry is poised to fall into the worst crisis since the last great property bust of the early 1990s.
Delinquency rates on loans for hotels, offices, retail and industrial buildings have risen sharply in recent months and are likely to soar through the end of 2010 as companies lay off workers, downsize or shut their doors. Read more of this article »
Posted by Clarke on March 17, 2009 under Good Info - Read It |
By: Robert Pitts, Florida Real Estate Journal – With office leasing down significantly and more pain yet to come, leasing agents and the people who manage them are getting creative and getting back to basics. It’s the best way, they say, to survive and even thrive in the current economic climate. “This year (2008) has not been a stellar year for a lot of properties, unfortunately. Next year is going to be even a little worse. That’s not fun to say or think about,” said Paula Buffa, senior director of office services for GVA Advantis in Tampa. “That said, I came into the business….. Read more of this article »
Posted by admin on under Old News - and some New |
NEW YORK CITY-Teachers Insurance and Annuity Association, or TIAA-CREF, is putting around 375,000 square feet of its owner-occupied headquarters at 730 Third Ave. on the market today, sources tell GlobeSt.com.
The 90-year-old annuity financial services firm, founded by Andrew Carnegie, reportedly… Read more of this article »
Posted by admin on March 12, 2009 under Jokers... |
I was just sitting at home, watching some basketball….and what do you know, GG sitting courtside at the Magic game….
