Columbus Ohio – Grandview Yard
Nationwide Realty Development received Grandview Heights’ planning commission final approval to begin construction next month of a 154 unit residential complex at the 90 acres Grandview [...]
Real Estate Outlook for Remainder of 2011
Well, regarding the commercial real estate side of this business: we were clipping along pretty well and then month after month of anemic job growth numbers, downward revisions to GDP for the [...]
Columbus – Central Ohio Home Sales – July 2011
Sales for July were 1,865 homes, which was a 23.3% increase over July 2010 and the number scheduled to close was up almost 50% from July 2010. Median price was $141,359 and that is up 5.9% from [...]
Westerville, Ohio Walmart is going to happen
This one is for the locals. Westerville, Ohio I mean. The Walmart, after about five years of fighting about it, is going to happen. That corner looks like crap so thankfully someone stuck with [...]
Mortgage Purchase Applications at 15 Year Low
US Mortgage Purchase Applications Fell to a 15 Year Low and economic uncertainty resurfaces. “Another week of volatile markets and rampant uncertainty regarding the economy kept prospective [...]
Strong Demand for Apartments – 2011
$15 billion in sales for the second quarter, still a fraction of the peak back in 2007, brought the first half total to $24.5 billion according to CoStar Group data. Average price per unit [...]
Farmland Values Still Hot
Values in the Plains states were up more than 20% from 2010 with Nebraska up 30%. The rate of appreciation has slowed somewhat in the second quarter, plus we’re seeing some divergence in land [...]
Foreclosures Drop – Lowest Since 2007
The NAR trade publication, Realtor Mag, reports that foreclosures have dropped for the 10th consecutive month and are now at the lowest level since November, 2010. In July 2011, 212,764 homes [...]
Commercial Real Estate – Rising Prices and Strong Demand in the Second Quarter
Investors showed a sharpened appetite for commercial property, pushing prices up in the second quarter. I realize that the second quarter, the end of June, sounds so long ago given what’s [...]
Just Like Watching the Stock Market the Last Few Days
We need a good laugh today. Minute 5:15 and on is especially good. Hope the door latch is REAL strong.
Warehouse Demand Resilient
I’m going to write about something positive. True, the DOW is down about 300 as this is written and the CMBS market is running into rough waters so the overall situation out there is not exactly [...]