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Holiday Inn Express sells for less than half its construction cost | Real Estate | HeraldTribune.com.

DeBartolo Development LLC has bought the Holiday Inn Express near Interstate 75 in a joint venture for $3.5 million.
The hotel, 380 Commercial Court, was constructed in early 2009 for $7.5 million, and DeBartolo’s?purchase price shows the pressure on commercial properties [...]

In another sign that the commercial real estate market is reaching bottom, the delinquency rate on commercial mortgage-backed securities (CMBS) increased in June by the smallest amount in the past 12 months.

According to a new report from New York-based researcher Trepp, the CMBS delinquency rate, defined as loans that are 30 days or more past [...]

Tropic Supply, a Miami air-conditioner and refrigeration distributor, is building a 40,000-square-foot distribution facility at 7533 Claxstrauss Drive in Sarasota.
Tropic Supply bought two acres in December for $1 million and hired Wilson Miller Inc. to complete the project.
Tropic Supply’s website says the company was founded in 1973 and has grown into one of the largest [...]

June 22, 2010
New Accounting Rules Ruffle the Leasing Market
By JULIE SATOW

A new accounting standard is taking shape that could change the way tenants choose to lease space, with broad consequences for the commercial real estate market.
The Financial Accounting Standards Board, which sets American standards, has been working with the International Accounting Standards Board to merge its generally [...]

With apartment vacancies appearing to have peaked, and U.S. rents even starting to edge up slightly, offerings of quality multifamily assets have attracted multiple bidders and secured premium prices in the first half of 2010, with investors having an especially keen appetite for institutional-grade assets in attractive coastal markets. However, as with most asset classes in [...]

‘Fed up’ St. Pete Beach official urges changes to city charter
He wants to ask voters to remove a Hometown Democracy-style item from the city charter

Article written by: By Sheila Mullane Estrada, St. Petersburg Times correspondent
(June [...]

Sneak peek at positive CRE stats: Absorption up in Tampa Bay – Tampa Bay Business Journal.

There hasn’t been a lot of positive news for the commercial real estate industry locally.
But maybe we have some here.
The fine folks at Cushman & Wakefield are fast at work prepping their usual bevy of quarterly market data and agreed [...]

While commercial real estate values have not rebounded in the first six months of the year, the fear that 2010 was a disaster waiting to happen has subsided as liquidity has started flowing back into the market, according to new reports out this past week from PIMCO and PricewaterhouseCoopers.
The pair of reports suggest that, for [...]

U.S. commercial property prices rose 1.7 percent in April but were down 41.1 percent from their October 2007 peak, according to the Moody’s/REAL All Property Type Aggregate Index released on Monday.

The increase comes on the heels of two consecutive months of price declines, according to the index, which measures the change in actual transaction [...]