The Cupples Station’s vacant building slowly find their new owners. One of the vacant buildings sitting vacant in the heart of St. Louis was recently bought out of foreclosure by an affiliate of Koman Group for $3 million. TKG Acquisitions LLC was the only bidder for the seven story building at 900 Spruce Street. In [...]
While I may be true that the economy has turned the corner into a bout of recovery toward economic growth, the losses of the past 3 years cannot be recouped overnight and for many, the lingering effects of the recession is still all too real. To maintain a mortgage this far until the economy [...]
Many investors will be uneasy to realize that buildings and other structures on property will only depreciate with time. Much like the investment of a brand new motor vehicle, as soon as the new product is ready for consumption its value immediately plummets. Indeed, with commercial property its mere exposure to the elements will be [...]
On an analysis of the commercial foreclosures in Denton County, as per data released by Foreclosure Listing Service Inc., there is upward trend but experts in the field have found reasons for this and expressed hope that the future market will increase for the good. During the first half-year of 2010 taken for scrutiny by [...]
Commercial foreclosures of properties involving millions of US dollars in each transaction are being reported almost daily from various quarters. Oftentimes one hears news of commercial foreclosures from big hotels, office complexes and apartment complexes on a regular basis. Resorts and Clubs where people go on a spending spree in enjoying leisure and holidays have [...]
An economic downturn has rippled throughout the global economy, and in many instances, not the least of which is the country, has resulted in a recessionary economic climate. Commercial property has devalued over 50% from their highs in 2006, and businesses in the US are just now beginning to claw back the losses they have [...]
Fairmont Dallas – Dallas, Texas | June 3 – June 5
2010 is going to be a year of rough weather for Commercial Real Estate, at least in the Denton County and the Dallas-Fort Worth Metroplex area – according to Foreclosure Listings Service Inc. The country is already reeling under the clutches of foreclosure epidemic, where the impacts are spectacularly severe in the commercial real estate [...]
Short sales presenting themselves in the assisted living property market need to be treated with caution and a certain amount of apprehension. Assisted living property is at significant variance with property assets of other types due to its reliance on collateral services. Assisted living facilities invariably give rise to a central body that provides particular [...]
The short sale market has evolved into an animal of streamlined technology over the economic bloodshed of the past 4 years, and one that I snow capable of some endurance in the face of a seemingly recovering economy. For many in Houston and even throughout Texas, the first step in damage control when mortgage commitments [...]
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