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Central Florida News
Read some of the latest news from the Commercial Real Estate Industry
Eight Takeaways on the Current State of Distress Opportunities
September 2010 -- CoStar Group recently analyzed the state of distressed real estate across the U.S... who is holding distressed real estate, how much presently exists by product type, what distressed deals have closed so far, and where the best opportunities are expected for buying distress in the near future...
As a Hedge Against Inflation, Commercial Real Estate Investment Remains a Smart Play
August 2010 -- Investors widely consider commercial real estate an asset class that can help offset the impact of inflation over the long term. In fact, that benefit is regularly cited as one of the advantages of adding real estate to a mixed-asset portfolio of investments...
Economist's Predictions about Florida Real Estate Market
July 2010 -- There's no question this is a summer of economic discontent. But where are we exactly in terms of the economy? A trio of economists... formed somewhat of a consensus that growth has slowed much more than expected, but the feared double dip - or worse - is still unlikely...
2 Out of Every 3 Deals Will Be Distressed
June 2010 -- Florida is one of the leading markets for distressed real estate. As such, the majority of investors are looking for "distressed" deals because of the perception of extremely discounted prices...
Tax bill auction nets big gains for counties
June 2010 -- This year, Orange County saw great success with its sale, offering 25,691 certificates for a total face value of $92.2 million at the auction and selling 25,299 bills for $92.1 million. "We got 99.9 percent of the money," said county tax collector Earl Wood. "That sure does indicate market improvement."...
Office vacancy rate hits 21%, driving down lease prices
May 2010 -- As more vacated office space comes on the market, asking lease rates have fallen from a high of nearly $21 per square foot in fourth-quarter 2008 to just under $19 per square foot in first-quarter 2010...
Orlando's three-year job losses at 100,800
April 2010 -- It will be at least 2012 before the area should see any significant job creation, and likely will take three to five years to reach the 5 percent unemployment levels experienced in 2009...
Survey of Emerging Market Conditions - Q1 2010 Findings
April 2010 -- One quarter into a new year and we may be starting to see a few rays of sunshine with the real estate market. Results of the first quarter survey indicate that the real estate market in Florida has hit bottom and is in the process of stabilizing across most property types. Before we get too optimistic, however, we should note that in weather terms we would probably call it mostly cloudy with a few breaks in the clouds...
Small banks say they can't win in small-business lending
April 2010 -- Across the USA, banks say there's a big reason they aren't lending more: Regulators won't let them. Even as the White House exhorts banks to open the lending spigots,... banks say government field examiners are toughening their reviews in ways that discourage sound loans...
Commercial Distress
April 2010 -- For commercial property owners, understanding receivership and some simple tips for salvaging value can deliver relief and diminish the chances of foreclosure. Given the current economic climate, it's increasingly difficult to ignore the situation of many investors, owners and financial institutions dealing with distressed or underperforming properties. And commercial real estate experts are quick to note that the climate isn't expected to change overnight...
Central Florida Economic Index signals caution still ahead
March 2010 -- All five of the measures used to compile the Central Florida Economic Index are projected to fall in March, as the region struggles to latch on to the fledgling national recovery. The overall index -- a broad measure of economic activity across six counties - is expected to decline by about 4.13 percent...
Absorption, rates fall again in Orlando office market
February 2010 -- When compared to the previous quarter, the overall office lease rate for Metro Orlando decreased by $0.12 to $20.62 psf in 4Q 2009. Lease rates have not been this low since hitting $20.52 in the second quarter of 2006. This is the sixth consecutive quarter of declining lease rates since it reaching its peak at $22.33 in the second quarter of 2008...
Distressed CRE Assets Jump 15% at Nation's Banks
February 2010 -- The amount of distressed commercial real estate assets on the books of the nation's banks and thrifts approached $60 billion as of year-end 2009. That is up from $52 billion just three months earlier, a 15% increase...
Gloomy outlook seen for stalled Florida real estate market
January 2010 -- Uncertainty continues to plague Florida's bleak real estate outlook in the latest University of Florida quarterly survey, with fears that stagnant financial markets, rising unemployment and another round of foreclosures could make things worse in 2010...
Getting Ready for Shoe #2
January 2010 -- Signs are growing that commercial real estate's precarious hold on stability may be slipping. Since the start of the year, federal regulatory authorities have shut down nine banks - a whopping five alone last Friday in New Mexico, Oregon, Washington, Florida and Missouri...
