Archives

We’re in day 5 of the identification period for a 1031 upleg and I to find: C store with or without gas, prefers without, for 1031 upleg.  $1.2 to around $1.6mil.  Need a corporate [...]

The CMBS recovery was coming along so strongly in the first two quarters of 2011 that conservative estimates were $35 – $40 billion and some predictions as high as $50 – 55 billion in [...]

This one is more for the residential folks than it is for the commercial, but much of it still applies.  I’m not going to editorialize much on this one and instead send you to the NAR site for [...]

At the link is the CoStar Commercial Real Estate Repeat Sales Indices (CCRSI), which looks at the 766 transactions in July and more than 100,000 sales since its inception.  This is quite useful.  [...]

This has become an annual legislative fight since the Democrats regained control of congress in 2007.  Just the uncertainly alone casts serious doubts and further delays the commercial real [...]

This is encouraging.  It’s the fourth consecutive monthly price increases for the General Commercial Index of 2.4% for investment quality product and .7% for general commercial.   The monthly [...]

I’ve written several times in the past year about the September 2010 newly launched SBA 514 program, and like so many government programs as of late, has been a failure.  How could this happen so [...]

Who will be first with a toy like this?  Actually, I shouldn’t call it a toy because it would be a very useful business tool.  Will it be Apple with the iPhone 7 or 8 by the time this is [...]

Columbus, Ohio (pop. 787,933) I had no idea that according to USA Today, Columbus Ohio comes in second in the number of playgrounds in a city.  The number almost equals the number of golf courses [...]

We had a decent head of steam from the fourth quarter of 2010 through second quarter of 2011, but a bunch of uncertainty is now in the air.  Let’s hope this doesn’t lead to another downturn after [...]

Steve Rosansky put together a comparison of what could be a common scenario to show the advantage of doing a 1031 exchange versus cashing out. In this example he makes the assumption that a [...]

True, the 180 day 1031 exchange deadline for closing deadline is absolute (with certain exceptions) and one is if the relinquished or replacement property is in a presidentially declared disaster [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

$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 [...]

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 [...]

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 [...]