Commercial Real Estate Finance

Posts Tagged ‘strip centers’

The Week of January 2-8

- Just in case you hadn’t heard, the Burj Dubai was completed this week.

- On this side of the Atlantic, the former “Freedom Tower” is on the market.

- Is NYC real estate undervalued? 6 REITs tend to think so.

- Just 4 days into 2010, the loom and doom predictions for CRE are dragging into 2011.

- Property owners sued Credit Suisse for $24 billion in an attempted loan-to-own scheme.
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I am certain most of our readers are aware of the glut of commercial space that remains vacant in today’s wiltered economy.  We’ve even shown YouTube clips on this very site of people simply driving down the road, capturing storefront after storefront, strip center after strip center, vacant as a Ghost town right out of the Wild West. And as retailers continue their cutbacks, more and more cities are facing their big box stores becoming “Ghostboxes.” Read the rest of this entry »

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Its officially summer now, and birds have migrated back north. Humans? They haven’t been migrating anywhere. No, not even those elderly humans with an affinity for (early) birds. What once seemed like a rite of passage with retirement has stagnated due to several factors, which has caused a seismic shift in how demographics unfurl. And as any economist, or any developer will tell you, demographics are as key of a component to real estate as anything else. Office buildings need workers and affordable homes within an hour’s drive of the office. Strip centers need high traffic counts fueled by a sizable population. Multi-family needs, well, multiple families. So what are the main causes for this sudden lack of migration? Let’s take a look… Read the rest of this entry »

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