Want to know how the ongoing recession has affected commercial property operations? A fine example has come to the fore in Austin – the city relatively making good progress in the path of recovery. The Austin-Bergstrom International Airport Hotel, linked up with the Hilton brand name is suffering from financial losses and is in deep [...]
The Ypsilanti Township apartment complex is heading into foreclosure, so the ownership becomes questionable. Township officials say they have concerns about the condition of the 300 unit Tuscan Creek Apartments. The complex is situated on Stevens Drive, right between Mansfield and Hewitt roads off of Congress. It was built 35 year ago on 30 acres. [...]
The Commercial Real Industry is suffering – the most obvious finding by financial experts and research firms. But the questions most difficult to answer even by experts are – how much and what the trend is indicating. The monthly CoStar Commercial Repeat-Sale Indices (CCRSI) try to answer these questions fairly, but not accurately as there [...]
Foreclosures and Bankruptcies galore in Real Estate news, especially Commercial Real Estate. The investment in such properties being high, rather than individuals, companies and corporations are mostly involved in the ownerships. And declaring Bankruptcies seems to be the easy route available for them to evade foreclosure. But in a latest case reported from Austin, Texas, [...]
Kisco Senior Living recently bought a seniors housing project in San Antoio at auction for less than half of the original cost, which was $37 million. Villa de San Antonio, the development purchased by Kisco, opened four years ago as a continuing care retirement community. It has 114 independent living units, 24 cottages and 55 [...]
The spurt in commercial property loan is only 3 months old and there is no significant change, when compared to year-over-year figures. This is the result of the Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations conducted by the Mortgage Bankers Association (MBA). Normally commercial loans are made best use of by Life Insurers; Commercial Market [...]
The St. Anthony Hotel was inundated by hundreds of phone calls from some worried mother and brides because they wanted to know if the scheduled events will take place. There are lots of parties planned to upcoming months so people are worried whether their party will take place or not. The hotel officials are calming [...]
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