First Family Church in Overland Park is now threatened by its lenders to take possession of the property if it doesn’t pay more than $14 million in mortgage and other costs. There is a foreclosure petition filed in Johnson County District Court by Regions bank that asks the property to be foreclosed and if the [...]
After the meltdown that so the US economy grind to a halt, it hardly seems likely that Tinsel Town would be first to sport a recovery in commercial real estate. However, give the dramatic markdowns of bank owned property and the prevalence of commercial shorts sales in Las Vegas, it may be time to begin [...]
Amid the media frenzy accompanying the global economic crisis, it may be that a certain sense of skepticism has filled the air at times. Nevertheless, while the green shoots of economic recovery have been referred to as if the representing the Second Coming, many parts of the United States are poured over for signs of [...]
Corporate lay-offs have plagued the United States ever since the onset of bad debts that reared their heads in late 2007, and Silicon Valley has of course been no exception. A poignant reminder of the sheer carnage inflicted upon the distressed commercial property market is found in the recent acquisition of the Sherman Clay Building [...]
Although Texas State is not in the forefront of residential foreclosure listings, according to latest statistics, it attracts attention in the foreclosure scenario of commercial properties. News is the Austin area commercial property market is experiencing a new turn by the surge of high-profile commercial properties. Foreclosure postings are emerging in respect of – undeveloped [...]
The recession is over, or so it is said. Forbes magazine has declared a tie between Austin City and Washington D.C., for showing the greatest economic recovery in the United States. Considering both of these cities display unemployment in the vicinity of 7 %, it is either a very sad story of demise in the [...]
Retail complexes and other commercial foreclosure have not been left out of the economic recession either. The East bay area which has been heavily affected by the turmoil receives a new inclusion and this partly completed complex in Newark has been the talk of the commercial short sale arena. Ever since the Wall Street’s breakdown [...]
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