If you have any doubt how the commercial real estate market can be affected by the ups and downs of the residential one, please see this. While residential real estate is one which deals with properties for the residence of one family, it gets the status of commercial when homes are constructed, sold or bought [...]
August brought another $3.1 billion in new delinquencies nationwide, which lead to a 23 basis point increase from July. According to recent studies Commercial Mortgage Backed Securities delinquencies passed the 8% milestone. This comes as a result of recent default of loans that worth more than $100 million. Fitch Ratings talks about reaching 8.48%, another [...]
It has become a common occurrence for a few years of late that multi-family and condo projects started are abandoned midway, due to financial problems. The mortgage lenders initiate foreclosure action against the developer or project owner, who is in distress and defaults in the mortgage commitments. While the lender gets salvage value of the [...]
Timothy Dean, the "Top Chef" restaurateur is ready to fight against a foreclosure auction a the Fells Point building where his Prime Steakhouse is located. The Steakhouse, opened in February 2010 is now facing a foreclosure auction scheduled by the Jonathan Melnick Auctioneers and asked by the Adams National Bank. The lender sued Timothy Dean [...]
Lending on commercial real estate properties was hard-hit over the years, since the banking industry turned red in their earnings. When the capitals invested in commercial properties getting blocked by the foreclosure crisis, it is no surprise the interest earnings by U.S. banks got a heavy beating. But the latest report from Federal Deposit Insurance [...]
CNET founder Halsey Minor is having financial difficulties. Minor Family Hotels LLC, the official owner of the Landmark Hotel filed for Chapter 11 bankruptcy protection in federal bankruptcy court. Minor made some serious money from the sale of his technology company, CNET 10 year ago but he has spent quite a bit since then. He [...]
Experts from the National Association of Realtors see favorable commercial conditions for business growth and we can expect good results from next year. Agreeing that the present recessionary trend of economy has impacted the commercial real estate activities, the optimism is born out of vacancy rates in major sectors of office, industrial, retail and multi-family [...]
Commercial real estate business is the heavily hit segment because of the mortgage crisis and down turned economy, with trillions of dollars going down the drain. The disturbing factor is each commercial property project is worth not less than in million dollars and the government is helpless in announcing any bail-out programs like the residential [...]
Commercial property market is of a special class in the real estate business, since they involve dollars in trillions. Over the past few years, closely following the mortgage crisis in the residential real estate market, the pinch was being felt in the commercial real estate market as well. Consequently, a separate segment of distressed commercial [...]
After two years of uncertainty and confusion prevailing in the financing activities in commercial real estate market, there is good news appearing in the financial analysis magazines. You cannot miss news headlines that bigwigs in financial lending are stepping into the market, although cautiously. Experts in the industry are optimistic that this is a good [...]
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