ML Managers LLC said on Friday last week that it has acquired two properties already half-built in Phoenix and Scottsdale by the shuttered Grace Communities, which was pulled down by the 2008 collapsed of its main sponsor, the Mortgages Ltd.
Archives for Commercial
Commercial Property Prices Suffer Steep Declines In June As Investments Wind Down
Following strings of advancements from the previous months, property prices in the commercial sector suffered a steep decline in June as analysts observed that investments allocated for real estate primary markets have either started whittling down or eventually drying up. Industry experts said that the commercial real estate industry has been long dependent on institutional capitals, which poured substantial amount of Read full article »
tags: commercial, multifamily
Atlantic City Hilton Casino Resort For Receivership?
The Atlantic City Hilton Casino Resort has not been able to weather the economic downfall and has failed to make necessary payments. Thus, it might be forced into receivership and sold by the trustee of its mortgage holder. This is according to papers filed in the U.S. District at Camden, New Jersey on Wednesday. The casino hotel has not made payments Read full article »
Putnam Plaza Shopping Center Sold By Westchester County Commercial Broker For $28 Million
The Carmel Putnam Plaza Shopping Center is under new ownership following the sale of the center by New York commercial broker, Vision Property Group LLC last quarter. Jonathan Clott and Thomas Kalensky of Vision Property Group LLC quoted the sale price of the property at $28 million. The 193,000 square foot shopping center is located on the heavily traveled Route 6 Read full article »
category: Commercial, Street Talk
tags: real estate, shopping center
RE/MAX Commercial Top 10 For Year’s 1st Half Led By Southwest Suburbs Of Chicago
Sales associates at offices in the southwest suburbs of the metropolitan Chicago real estate market were heavily represented in the RE/MAX Northern Illinois commercial real estate rankings for the first half of 2010. Tim Tynan of RE/MAX 10, Palos Park, Ill., and Al Vallejo of RE/MAX TEAM 2000, Orland Park, Ill., led the way, with six others from the Read full article »
category: Commercial, Land
Fred Filsoof Reviews Commercial Real Estate Mortgage Crisis
Community banks issued higher proportions of commercial mortgages than did the big banks. Some 3,000 community banks have disproportionate amounts of commercial loans relative to their assets. Commercial real estate mortgages have shorter terms than standard residential mortgages; some $1.4 trillion in commercial real estate debt will come due in the next three years and half of all commercial real estate Read full article »
category: Commercial, Land
tags: mortgage, real estate
Lee & Associates Negotiates $6.59 Million Industrial Sale
Lee & Associates negotiated the purchase and co-brokered the sale of a $6.59 million, 81,250 square-foot industrial property at 20465 Walnut Drive. Adam Dzierzynski and Dennis Keane of Lee’s City of Industry office represented the buyer and Jack Cline and Peter Bacci of Lee Los Angeles, joined with Kent Stalwick of CB Richard Ellis in representing the seller, Read full article »
category: Commercial
tags: Lee & Associates, Walnut Drive
A-1 Self Storage Proudly Supports Milestone House!
A-1 Self Storage proudly supports Milestone House, a residential treatment facility that helps prepare at-risk teenaged girls for independent and productive living. The premier provider of self storage in California, today announced their support of Milestone House. Their residential treatment programs prepare at-risk young girls ages 13 to 17 for independent and productive living within a suburban, home-like atmosphere. Many of Read full article »
category: Commercial, Street Talk
tags: A-1, Milestone House
Managing The Commercial Real Estate Bubble
Jon Winick, President, Clark Street Capital, and Anthony Falor, Chief Operating Officer, Hodges Ward Elliot, will discuss how to manage the commercial real estate bubble, one loan at a time. The discussion will happen in a Coleman Publishing Webinar on Wednesday, July 14 at 2:00 PM ET. Bob Coleman, the nation's small business banking expert, will moderate the event. He is Read full article »
category: Commercial, Street Talk
tags: event, real estate
Connecticut Real Estate Investors Association (CT REIA) Announces Free Wealth Building Conference In Rocky Hill, CT
The Connecticut Real Estate Investors Association, or CT REIA, in association with Dave Lindahl, is announcing a free wealth building conference for real estate investors on June 26 and 27, 2010. This event will take place from 8:00 am to 5:00 pm at the Rocky Hill Marriott Hotel on 100 Capital Boulevard in Rocky Hill, CT. This is a free Read full article »
tags: Connecticut, event
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