Anthony

Commercial real estate bargains don’t materialize

Several high-powered Atlanta investment funds have hundreds of millions of dollars waiting to buy prime commercial real estate at bargain prices.
But there’s almost nothing to buy.
Investors expected a tidal wave of opportunities with potentially giant returns. But, as banks continue holding onto distressed real estate loans longer than expected, the [...]

Read More: Barry Sternlicht, the Real Estate Bargain Hunter

His highest-profile deal has been the acquisition of the $4.5 billion real estate loan portfolio of Corus Bankshares, the nation’s largest condominium construction lender until it failed last September because it had financed too many projects like Paramount Bay. The following month, Mr. Sternlicht and a group of [...]

Best and Worst States for Business 2010
In Chief Executive’s annual survey of best and worst states for business, conducted in late January of this year, 651 CEOs across the U.S. again gave Texas top honors for being pro-business. Florida was #6 on the list. Click here to see the whole story.

DebtX preps for $500m CRE loan sale – Boston Business Journal.

Boston-based DebtX said Monday it plans to sell about $500 million in commercial real estate loans for three financial institutions, including an unnamed Northeastern regional bank.
DebtX CEO Kingsley Greenland said lenders are moving aggressively to dispose of loans to bolster the strength of their balance sheets. [...]

Venice apartment complex sells for $1 million less than in 2003 | Real Estate | HeraldTribune.com.

Venice apartment complex sells for $1 million less than in 2003
By Michael Braga (email)

Sandpiper Apartments LLC, a Venice company managed by Miles Brannan, has sold a 52-unit apartment building at 125 E Airport Ave in Venice to Citadel Apartments of Venice [...]

Lakewood Ranch South could make room for a builder stimulus

Talks have started with some of the 17 builders at Lakewood Ranch about opportunities at Villages of Lakewood Ranch South while developer Schroeder-Manatee Ranch remains open to outside companies.
Plans for the Villages of Lakewood Ranch South, a 5,500-acre extension of Lakewood Ranch in Sarasota County, [...]

Yes, The Housing Market Recovery Is for Real

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It is now abundantly clear that the U.S. housing market is recovering. From the all-time lows registered in April of last year, starts have now risen 40%. To be sure, the level of activity is still dismally low, but that a recovery is underway is virtually [...]

CBRE: Retailers Back in Expansion Mode « Counter Culture.
Instead of hearing about massive store closures this year, we could get more news about chains opening their doors, according to a just-released retail report by CB Richard Ellis. The report surveyed executives at just over 100 retail companies — most of them national — and found that [...]

Which is all great news for commercial real estate, as retailers are pulling out of their nose dive and shoppers continue to post strong numbers at value oriented chains. Shopping centers are back on less shaky ground and are beginning to recover some of those vacancies. The commercial real estate market locally is showing even [...]

From: John Harshman | Real Estate | HeraldTribune.com

Despite foreclosures, commercial sky is not falling
Monday, May 17th, 2010

Veteran Sarasota commercial real estate agent John Harshman reacted to a story in the Herald-Tribune on Saturday by saying the end of the world is far from nigh.
“As a 30 year Sarasota commercial real estate professional my initial reaction upon [...]