Posts Tagged ‘Florida’
Noun, informal. A decent, upright, mature and responsible person.
Noun, slang. An awkward, clumsy, or unlucky person whose endeavors tend to fail; a loser.
Mensch of the Week:
Agree Realty Corp.
Without question, America’s retail sector is one of the more challenging areas in today’s commercial real estate market. The effects of both the Recession and Internet retail are readily apparent. Try walking through your local shopping district and seeing what’s become of that vacated Borders store. Odds are that Borders building is still there, empty.
Our Mensch of the Week is Agree Realty (NYSE: ADC), a single-tenant retail REIT from Michigan, home state of the now-defunct Borders Group. Agree is working to create opportunity in this difficult market by finding “web resistant” and “recession resistant” businesses and locations, explains its COO, Joey Agree, in an interview with REIT.com.
So what’s resistant to these pervasive challenges? Gas stations, convenience stores, drug stores, and anything else that can’t be outsourced to the Web, or which customers want in “real time” (i.e., I don’t mind waiting a few days for a new book; I don’t want to wait a few days for a sandwich). Rather than resisting the retail sector’s transformation, Agree Realty seems to be embracing the sector’s new core businesses and taking full advantage of convenience-driven industries. Read the rest of this entry »
Here’s a list of the 15 Housing Markets with the Worst Outlook for the Next Five Years:
- Amarillo, Texas. Annualized expected growth from 2011-2016: +1.1 percent.
- College Station-Bryan, Texas. Annualized expected growth from 2011-2016: +1.1 percent.
- Louisville-Jefferson County, Kentucky-Indiana. Annualized expected growth from 2011-2016: +1.0 percent.
- Shreveport-Bossier City, Louisiana. Annualized expected growth from 2011-2016: +0.9 percent.
- Columbia, Missouri. Annualized expected growth from 2011-2016: +0.9 percent.
- St. George, Utah. Annualized expected growth from 2011-2016: +0.9 percent.
- Atlantic City-Hammonton, New Jersey. Annualized expected growth from 2011-2016: +0.9 percent.
- Laredo, Texas. Annualized expected growth from 2011-2016: +0.8 percent. Read the rest of this entry »
Top 10 Master Planned Communities in the U.S.:
10. Woodbury (The Irvine Company), Irvine, CA
9. Monterra (CC Devco Homes), Cooper City, FL
8. Providence (Focus Property Group), Las Vegas, NV
7. Mountain’s Edge (Focus Property Group), Las Vegas, NV
6. Telfair (Newland Communities), Houston, TX Read the rest of this entry »
Recently, Realtor.com created a ranking of the 10 U.S. markets showing the most promising signs of recovery from the recession. Here are the Top 10 U.S. Turnaround Markets:
10. Ann Arbor, Michigan
9. Fort Wayne, Indiana
8. Boise, Idaho
7. Phoenix, Arizona
6. Lakeland-Winter Haven, Florida
5. Sarasota-Braventon, Florida Read the rest of this entry »
Week in Review for December 24 – 30:
- REITs enjoy a successful 2011, with signs of growth for 2012
- In Canada, REITs continue their years-long trend of success with a 14% return for investors
CNBC’s Diana Olick Shows Us Why Florida Condo Sales Are Making a Comeback
Ong Kian Lin, Analyst at OCBC Investment Research, Discusses the Growth of Singapore REITs
Commercial Real Estate Week In Review For The Week of April 16th to April 22nd
- Health Care Industry Construction Operating at Full Force.
- Still Some Hurdles to be Jumped to Invest in China.
- Warren Buffet Looks Abroad for Investments Due to Weak US Dollar.
During a period where almost any news pertaining to the housing market is bad news, its always surprising to read about a place where demand is outpacing supply, and yes of course I am talking about China. Where as in the US everyone is concerned with the rate at which residential real estate continues to devalue, in China the government has begun to implement rules to keep rising prices under control. Read the rest of this entry »
Amendment 4 was put on Florida’s November ballot by a group of environmental activists and attorneys who wish to control the construction and supply of new development in one of our country’s largest housing markets. The Amendment would allow voters to decide on changes in local land-use plans in the hopes of making better land-use decisions. Supporters say the initiative would help prevent the out of control speculative building that created Florida’s real estate bubble and consequent crash. Read the rest of this entry »
With BP Plc (BP: US) now allocating $20 billion for lost business in states bordering the Gulf Realtors are out looking for their piece of the pie. In Washington Kenneth Feinberg, head of BP’s $20 billion claims fund, met with the National Association of Realtors and industry representatives from Texas, Louisiana, Mississippi, Alabama and Florida to discuss their request for reparations. In this case Feinberg will have to scrutinize claims for lost sales and determine what losses are due to the general angst of the housing market and what losses can be attributed to the spill itself. Read the rest of this entry »