Tips For Moving Pet Owners

May 26, 2010
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According to pet experts, pets thrive on routine and it may be hard for them to make the transition when moving to a new home.  The first step you need to do to help your pet is to go to your veterinarian.  Be sure to ask the vet of your pet’s medical files and purchase enough medications if your pet needs one so that you’ll have enough of the needed prescriptions to last until you visit a new vet.

You can also consider attaching a microchip to your pet to provide an extra level of protection in case your pet loses…

The Benefits Of Investing In Commercial Real Estate Properties

May 9, 2010
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If you’re having a hard time choosing a real estate property you’re going to invest in, consider the pros and cons of commercial and residential real estate properties.

Commercial real estate properties have less competition compared to residential real estate properties.  It is also easier to finance a commercial property because the value of residential properties is determined by the value of the property’s neighboring houses.

If you want to invest in a commercial property, it may be a good idea to start with an apartment.  The value of an apartment is based on how much money the property is getting. The…

Getting A Commercial Property Management Agency

April 26, 2010
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It is not easy to handle a commercial property.  If you own a commercial property, it may be a good idea to get a commercial property management agency to help you with property development, investment and management.

Although traditional advertisements will work, a property management agency can fully dedicate their time on your property to be able to explore all options.  The agency will also help you maintain the property and ensure compliance with all safety and health standards.  Property management also includes collecting and recording rents and charges.

The agency can also help you develop or redevelop your commercial property.  It…

Estimated $800 Billion To $1 Trillion Loss In Commercial Real Estate

March 2, 2010
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According to the Fisher Center For Real Estate and Urban Economics, an estimated $800 billion and $1 trillion losses to commercial real estate equity and debt will be realized over the next few years.

The annual volume of commercial mortgage maturities increases each year that definitely means a great loss for banks, life insurance companies, commercial mortgage backed securities (CMBS) holders and other investors.  These real estate losses will pile up unless borrowers are able to find alternative funding sources.

The surge in investment volume in commercial real estate properties came from a flood of liquidity.  The peak in domestic CMBS issuance…

Commercial Real Estate Will Continue to Weigh Down This Year

January 12, 2010
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Grubb and Ellis Co., is predicting that the demand for commercial space will be flat in 2010. The company which offers leasing and investment services for commercial tenants and builders in Riverside and San Bernardino counties forecast suggests more declines this year.

During November and December, the Inland economy showed signs of stability. Few are optimistic about employers in the region which gave significant numbers of new jobs in 2010. The consensus suggests that there will be job growth.

That was among several indicators that signaled the recession ended in the second half of 2009. Grubb & Ellis’ forecasters say that this…

General Electric Co. - Expects a $7-Billion Loss in Commercial Real Estate

December 10, 2009
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New York – GE Capital Executives said on Tuesday that General Electric Company expects to lose $ 7 billion from the battered commercial real estate sector.

During the annual investor day, executives said that the decline in values has also driven down the value of its collateral for commercial real estate loans. The company said it expects continued trouble in the sector in 2010, and expects commercial real estate values to fall 13% next year.

Vast holdings of GE are well diversified especially for the commercial real estate market. Unfortunately, it seems that everything is getting dim for the company this time.

So…

Limitations in Commercial and Residential Leases

October 18, 2009
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It doesn’t take much to turn an ordinary homeowner into a landlord. While many people would love to have an extra house to worry about, owning even one rental property can be a headache.

While residential use limitations do not need to be as detailed as those applicable to commercial leases, there are still significant considerations that must be made.

While the intended use of the property has undoubtedly been considered in advance of the signing of the lease agreement, it is necessary that an owner include limitations on the tenant’s rights to use the premises. Due to assumptions, prior informal conversations…

A Fat $2.7M for NYC’s Skinniest House

September 5, 2009
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Want a piece of New York City history? Well, you better have a pile of cash and a whole lot of savings to treat yourself with this tiny yet pricey home.

This 9.5 feet wide and 42 feet long narrow red-brick townhouse, located at 75 1/2 Bedford Street in Greenwich Village, was built in 1873. It is squeezed between 75 and 77 Bedford St. and with this size; it is billed as the narrowest house in New York City with an asking price of $2.7 million. The current owner bought it in 2000 for $1.6 million.

The three-story structure boasts plenty of…

More Hotel Properties on Default Amidst a Tough Commercial Market

August 13, 2009
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Lenders are in a more uncomfortable position these days as there is a significant downturn in commercial property values.  Due to such slump, lenders are on the hook more and more for some very large loans to hotel and retail companies.  64 properties with loans over $100 million are late and in trouble, said a report released by Fitch Ratings.

The hotel sector is not only a weak spot in the commercial market, but even a sore one.  This is really bad news, considering that the sector was just recently overbuilt.  Both Red Roof Inn and Extended Stay properties are entering…