[youtube=http://www.youtube.com/watch?v=Q4TqcnID77c] D.C.-area developer Jeff Neal gives the Huffington Post Investigative Fund a tour of empty commercial properties just blocks from the Capitol. He says we were, “drunk on a binge of easy credit and the bartender (the market) took away Read More
Tag: Business
Building Your Personal Brand
I’m back from South Beach after moderating a panel discussion on personal branding at the Crittenden Commercial Real Estate Conference. I was lucky to have an all star panel of: Robert Barber, CCIM of Accelerated Real Estate Services Dr. Diana Read More
CMBS Production Rocketship Falls to Earth in 2008-2009
BLOGGER COMMENT: The biggest problem facing commercial real estate is the capital markets’ lack of liquidity. CMBS issuance went from $230 billion in 2007 to $12 billion in 2008 to less than a billion dollars YTD in 2009 (my source Read More
About $12B In TALF Eligible Deals Emerge Ahead Of Deadline
From the Wall Street Journal By Anusha Shrivastava Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–About $12 billion in consumer loan-backed deals have emerged ahead of a loan-application deadline for cheap funding under a Federal Reserve program. Issuers include Ford 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
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
ICSC Leads Real Estate Effort Supporting Expansion of NOL Carryback Act
This week ICSC led an effort to show the support of the commercial real estate industry for S. 823/H.R. 2452, the Net Operating Loss (NOL) Carryback Act. The NOL Carryback Act would provide American companies struggling in the current economy Read More
FDIC Shuts Down Silverton Bank
The Federal Deposit Insurance Corp. has shut down Silverton Bank, the failed Atlanta “bank of banks,” instead of selling it to private-equity investors, according to a person familiar with the situation. …[blogger comment: here is the key to this article] Read More
Golisano Changing Residency to Florida; Others Consider It
(Rochester, N.Y./Naples, Florida) – By becoming a legal resident of Florida, Paychex founder and billionaire Tom Golisano is sending a clear message about how he feels about the taxes he pays to live in New York. Living in Florida most Read More
Gov. Charlie Crist signs controversial growth bill
TALLAHASSEE – A growth management bill supported by business and development interests but opposed by environmentalists and local governments has become law with Gov. Charlie Crist’s signature. According to the Governor’s Office: The Community Renewal Act was taken up as Read More