Retail: Grocery Stores a Bright Spot
Posted by CSH in -Commercial Real Estate Investment, Retail Property on July 6th, 2009
A Bright Spot in the Current Retail Environment: Grocery Stores
No matter how dire the economy, people have to eat. This obvious statement has led to the real estate truism that grocery-anchored shopping centers hold up relatively well in a recession. Whether it seems trite or not, this is proving accurate in the current weak economy.
While retail segments such as malls and luxury stores are struggling, merchants in strip centers with grocery stores are benefiting from customers who come to buy food.
The relative strength of this sector was demonstrated in late May. A group of investors led by principals from Lane4 Property Group (based in St. Louis, MO) paid $62.1 million for three shopping centers in suburban Kansas City. The deal, which includes debt, was done at an attractive price, despite Read the rest of this entry »
Commercial Real Estate Snapshot, 7-1-09
Posted by CSH in Commercial Real Estate Snapshots, Real Estate Syndication on July 1st, 2009
Here is a look at commercial real estate on July 1, 2009.
Coldwell Banker Commercial TradeMark Properties Launches Tenant/Buyer – Carolina Newswire
RALEIGH, N.C. – Billie Redmond, CEO of Coldwell Banker Commercial TradeMark Properties, has announced the launch of the firm’s new Tenant/Buyer Representation Group. The newest initiative at TradeMark Properties, the Tenant/Buyer Representation
Numbers indicate local real estate on rebound – Leaf Chronicle
Unlike places like California or Michigan, our local real estate market didn’t exactly crash at the height of the U.S. economic recession of 2008, but it did experience what some of us down South would call a “sinking spell.” Planners continue to Read the rest of this entry »
Commercial Real Estate News 6-30-09
Posted by CSH in Commercial Real Estate Snapshots on June 29th, 2009
Here is some current news pertaining to commercial real estate: Dynamic Focus+ Real Estate – Morningstar We recently met with management at Goodman & Co. to clarify this fund’s performance fee structure, and we now have a reasonably confident top-level understanding. While the firm agrees that the wording in the prospectus is difficult to understand, we … Real Estate Roundup – Portland Business Journal • Kaiser Foundation Health Plan leased 17,796 square feet at Murray Scholls Town Center, Beaverton, from Gramor Development. John Medak, MaryKay West and Chris Johnson of NAI Norris, Beggs & Simpson represented the tenant. Steve Reaume and Kristin … UPDATE 3-MOVES-Blackstone, J.E. Robert, Flagstone, George Smith – Reuters June 29 (Reuters) – The following financial services industry appointments were announced on Monday. To inform us of other job changes, e-mail moves@thomsonreuters.com BLACKSTONE GROUP ( BX.N ) The private equity firm hired Philip Levinson to a new … Behringer Harvard Appoints Real Estate Industry Veteran to Its – Earthtimes “We’re pleased to welcome Diane to our Opportunity REIT II board,” said Robert S. Aisner , CEO of Behringer Harvard Opportunity REIT II, Inc. “She brings to this role more than two decades of experience with several prestigious giants in the … CEO of First Commercial Bank of Tampa Bay not worried about bank’s – St. Petersburg Times Albert Salem Jr., CEO Read the rest of this entry »
Estate Planning: New Rules Keep You On Your Toes
Posted by CSH in -Commercial Real Estate Investment on June 29th, 2009
Changes in certain tax and investment rules will dramatically effect estate planning in the near future. These changes may warrant a phone call to your estate planning advisors for a quick check up.
New FDIC Rules for Living Trust Accounts
Living or family trust bank accounts are now insured up to $250,000 per owner for each named beneficiary. For example, if a father has a bank account owned by his living trust, and his two children are equal beneficiaries, then the deposit account held by the trust at an insured bank could be insured up to $750,000. There are exceptions and you can find the information at: fdic.gov.
Estate Tax Update
Current Exemption Amounts created by Tax Relief Act of 2001The federal estate tax rate and applicable exclusion amounts will be
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SBA Releases The New 504 Refinance Program
Posted by CSH in -Comments From the Investment Property Insider, -Small Business Loans, Commercial Real Estate Loans on July 1st, 2009
Great news for small businesses in need of expansion financing …
On February 17, 2009, the American Recovery and Reinvestment Act of 2009, P.L. 111 5, was signed into law. This Act changes the Small Business Investment Act (SBI Act) to permit debt refinancing under certain circumstances as part of the 504 Certified Development Company (CDC) Loan Program. SBA has amended its regulations to implement the new law. [See Federal Register: June 23, 2009 (Volume 74, Number 119).
The debt refinancing authorized by the Recovery Act is available for loan applications received by SBA on or after June 23, 2009, the effective date of the regulations. In addition, applications received or loans approved prior to Read the rest of this entry »
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