The ongoing housing crisis proves that another man’s loss may be another one’s gain. While the housing sector continues to lose sales, the apartment trade is continually getting renters. The growth, though, may not be sustainable given the current economic state. In Orlando, the apartment sector fared well during the first half of the year. The number of vacant apartments went Read full article »
Archives for Commercial
9/11 Anniversary Commemorated By President Obama At The Pentagon
President Barack Obama hit many hearts when he said, “I thought it must seem some days the world has moved on to other things. I say to you today, that your loved ones endure in the heart of our nation now and forever.” September 11 will never be forgotten by Americans, and even the president commemorated it with a wreath Read full article »
Real Estate Sale Talks Between Harvard And China Fund Flops
Even the country’s richest school is affected by the real estate slump. And it needs to take extra care when it comes to real estate investments – like canceling a deal with China's sovereign when its wealth fund collapsed. As real estate values fall, Harvard University’s property in investments missed the benchmark in year ending June 30. Even so, the school Read full article »
tags: Harvard, real estate
Beware Of Internet Scams On Apartment Rentals
There’s nothing more frustrating than being on vacation mode only to find out that the apartment you rented out over the Internet and paid for in advanced was not reserved to your name because it was part of a scam to milk you of your money. And there are a lot of these scams out there on the Internet nowadays. A Read full article »
Burger King Succumbs To Whopper $3.2 Billion Buy-out Bid From Brazilian Investment Firm
Giant fast-food chain Burger King announced on Thursday a $3.26 billion deal that would transfer its ownership and all its current debts to Brazilian investment company 3G Capital, in a contract described by market analyst CapitalIQ as the biggest leverage buyout in recent history for a fast-food firm. The takeover deal would also be the second time that Burger King had Read full article »
tags: Burger King, buy out
After Criticisms, Islamic Center Now Faces Financial Problems
It looks like the developers of the proposed $100 million Islamic center to be built near the World Trade Center site has more than just criticisms to worry about. City records show that they would also have to financial hurdles to contend with. The cultural center –which will include a health club and mosque – has faced oppositions from people who Read full article »
FDIC Reports Of $21.6 Billion Increase On Insured Institutions In The June Quarter As Banking Sector Slowly Regains Financial Muscle
As of June 2010, the Federal Deposit Insurance Corporation (FDIC) has reported that commercial banks and savings institutions under its protective wings have collected an aggregate profit of $21.6 billion, leading to an overall profit of $26 billion following the $4.4 billion net loss registered in the prior corresponding year. The FDIC said that while the numbers reflected the biggest surge Read full article »
category: Commercial, Featured
Zillow Partners With Apartments.com To Further Bolster Its Fattening Rental Listings Database
Following the upgrade it has instituted only nine months ago, leading real estate search site Zillow again padded its rental listings database by an additional 90,000 entries as the company moved to collaborate with Apartments.com. The tie up with the classified ventures site, according to Zillow, would provide the search site rich new listings of housing unit details, unit photos, minute Read full article »
Red Capital Reveals $136 Million Fannie Mae Refinance Loan Deal That Covers Eleven Properties In Ten States
Comprehensive capital provider Red Capital Group has announced on Wednesday that it has just secured a $136 million refinancing contract, through its mortgage banking affiliate, Red Mortgage Capital LLC, for the bulk acquisition of eleven properties spread over a total of ten states nationwide. The capital providing company said that the 11 loans were separately underwritten on a non-crossed basis, with Read full article »
tags: fannie mae, Red Capital
Commercial Properties Rough Sailings In Abilene Mirror National Real Estate Predicaments
Commercial real estate has been largely derailed by the slow downs that hit the property market when the recession had a landfall in 2008 and recovery so far has been quite remote especially for most local property owners. In Taylor County, Richard Petree of the district office appraisal office said that the situation is flat at best and there exist an Read full article »
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