To view “Focus of CMBS Modifications Is to Deal With Rather Than Ignore The Problem” by David Barksdale, attorney with Ballard Spahr, click here.
To view the January 2011 Commercial Property Executive magazine, click here.
Controversial Chandler Phase 54 nightclub closes Phase 54, the controversial nightclub at Interstate 10 and Ray Road that rankled proprietors of three nearby restaurants, has closed. Maricopa County Superior Court Judge J. Richard Gama on Friday ordered club owner Jon Harris to “immediately cease the operation of Phase 54 or any other entity that conducts business on the premises.” View article…
Rental rates for AF businesses expected to fall next year Commercial rental rates in Ahwatukee Foothills are likely to fall over the next year, which could make the area more attractive to businesses, according to an analysis by the real estate firm Grubb & Ellis. View article…
Federal grant will cover most of runway-improvement costs Federal dollars from the Federal Aviation Administration would cover the majority of the cost to construct new runway enhancements at Scottsdale Airport. The improvements, which are up for consideration by the Airport Advisory Commission, include new taxiways, signage and reconstruction of a ramp edge to handle increased weight, Aviation Director Gary Mascaro said. View article…
Retail Watch: Target To Open 21 New Stores in 2011 Also This Week: BJ’s Going Down but Not Out in Atlanta, South Florida and Charlotte; Tasty Baking’s Liquidity Drying Up; Landlord Defers Rent for One Month; CBL To Take Loss on Sale of Three Centers; Saks Closing in Denver; hhgregg Looks To Open Up to 45 Stores in Three Regions; Five Below Heats Up in Chicagoland; and Sunoco Lands Another Highway Retail Assignment. View article…
Top 10 Major Metros for Dining Out and Entertainment Spending As happens during a recession, consumer spending in the United States declined 3% in 2009, according to the latest Consumer Expenditure Survey released recently by the U.S. Bureau of Labor Statistics. Spending fell in most general categories, including a 3% drop in eating out and a 5% drop in entertainment – two areas of interest to ULI members involved in retail and mixed-use developments. View article…
Monday’s Numbers: January 10, 2011 Headlines are normally self-explanatory; we hope the ones we publish will convey a sense of the terms and conditions present in the real estate capital markets. View article…
Special Servicers Gain Ground Resolving Delinquent CMBS Loans Loans backing commercial mortgage-backed securities (CMBS) issued in the years before the financial crisis are falling into delinquency in ever greater numbers, but analysts expect the tide of defaults to turn this year. View article…
The Curious Case of Vanishing Retail Properties More than 7 million sq. ft. of retail projects slated for completion in 2010 were delayed or cancelled. This pullback in construction led to only 4.1 million sq. ft. of retail space coming on line, the lowest figure for annual deliveries in the 30-year history of Reis. The recovery prospects for the retail sector will depend critically on whether these properties are delivered in 2011, or have been cancelled altogether. View article…
Failed Banks and Credit Unions, 2011 This is an interactive map of failed banks and credit unions in the U.S. in 2011. Click on any state to see the list of failed institutions in that state, including the size of the bank or credit union, whether it was acquired, and the projected cost to the federal insurance fund. View article…
If you want a copy of the latest foreclosure spreadsheet, email me and I will send it to you.
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.