BLOGGER COMMENT: Yesterday I attended the Florida ICSC Conference in Orlando, FL. I spent time with developers & investors that need access to capital as well as sources of capital. Deals are still getting done, but with more equity required Read More
Blog
Florida's Existing Home, Condo Sales Rise in 2Q 2009
August 12, 2009 11:05 AM EDT ORLANDO, Fla., Aug. 12 /PRNewswire/ — Sales of existing single-family homes in Florida rose 23 percent in second quarter 2009 compared to the same period a year earlier, according to the latest housing statistics Read More
Zell’s Fund Chases Brazil Assets as Economy Recovers
By James Attwood and Nathan Gill July 23 (Bloomberg) — Sam Zell’s Equity International is seeking new real estate-related investments in Brazil as record low interest rates accelerate growth in Latin America’s biggest economy. BLOGGER COMMENT: At last Fall’s Crittenden Read More
Commercial Loans Failing at Rapid Pace
By LINGLING WEI and MAURICE TAMMAN in the Wall Street Journal 7-21-2009 U.S. banks have been charging off soured commercial mortgages at the fastest pace in nearly 20 years, according to an analysis by The Wall Street Journal. At that Read More
Taubman Mall Appeal Rejected in New York
By DAWN WOTAPKA and A.D. PRUITT in Wall Street Journal NEW YORK — After 15 years and more than $150 million invested, Taubman Centers Inc. has been dealt a major setback on its proposed Mall at Oyster Bay on Long Read More
Tight Mortgage Rules Exclude Even Good Risks
From By DAVID STREITFELD in the New York Times BLOGGER QUESTION: Will the new tight mortgage rules help multi-family investment properties? Please comment! BOSTON — Inna Komarovskaya was ready to do her part to revive the economy: She found a Read More
Local Developers Feeling Credit Crunch: Banks Hesitate to Lend in Current Environment
By Brian Neill, The Bradenton Herald, Fla. Jun. 24–Local developers say they can’t get local funding for their projects despite governmental talk about stimulating the economy. As a result, potential projects have stalled or are not moving forward. <<Blogger comment: Read More
Home-orders spiked 59 percent in Quarter for Big Builder
From Jacksonville Business Journal Nationwide homebuilder KB Home, the largest homebuilder in Jacksonville, appears cautiously optimistic about its future despite heavy losses in the second quarter. KB Home lost $78.4 million, or $1.03 a share in its second quarter, but Read More
Commercial Real Estate Lessons from Charles Darwin
By David Repka I attended an Urban Land Institute (ULI) conference a few weeks back. During the coffee and continental breakfast I overheard someone being asked, “How’s business?”. Their reply, “I’m surviving… but survival is the new good”, got me Read More
Adaptation Case Study: Industrial Building Gets Alternate Use
By Carl Cronan in GlobeSt.com CLEARWATER, FL-A go-kart track operator has found a new way to use an existing industrial building: Bertrand Ollier, owner of Tampa Bay Grand Prix, will open an indoor track next month inside 40,000 square feet Read More