Commercial Real Estate

Residential Real Estate Downturn Due To Greed, Commercial Due to Credit Crunch?

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Here is a question to the media.
Why is it when residential sales drop it is because of the fault of the housing industry, but when sales of commercial properties fall it is because of the credit crunch?
I know I […]

25Feb2008 | Tom Royce | 0 comments | Continued

New Jersey’s Linden GM Plant Sold For 76.5 Million to Duke Realty

3 years after the closing of the Linden General Motors plant in northern New Jersey they have found a buyer. Duke Realty has bought the 2.7 million square foot plant with aims of building a mall and a mixed use industrial development on the property.
The plant had previously employed up to 6,000 people and has […]

2Feb2008 | Tom Royce | 1 comment | Continued

Macklowe Giving New York Properties Back To Deutsche Bank

The perils of borrowing in a credit crunch are not only felt by the homeowners but also with the big boys.
Harry Macklowe, one of the heavyweight real estate players in New York, is facing the credit crunch head on as he is unable to find financing on 7 properties that he purchased last year […]

1Feb2008 | Tom Royce | 2 comments | Continued

Sears Spins Off Commercial Real Estate

In a move to strengthen a struggling company, Sears has reorganized into 5 major units. The interesting point for us is that there will be a real estate unit. Speculation is that the company will be selling off some if not all of it’s 765 company owned stores.
While this strategy would have been great a […]

23Jan2008 | Tom Royce | 0 comments | Continued

HP Selling 2 Million Square Feet of Office Space in Hot Houston Market

Hewlett Packard is completing the last of the cost reductions of it’s Compaq Computer acquisition by selling 2 million square feet of office space in it’s Northwest Harris County complex. While their will be no reduction in work force, the property is being under utilized and Houston is still a hot market.
The high cost […]

20Jan2008 | Tom Royce | 0 comments | Continued

$3 Billion Cosmopolitan Casino Foreclosed On By Deutche Bank

The Cosmopolitan Resort and Casino being constructed for 3.6 billion dollars on the Las Vegas strip has been defaulted on by lender Deutche Bank AG over a 760 million dollar loan. The bank announced the default yesterday as the investor has been scambling for new investors. This is nothing new for the lead developer.
According […]

18Jan2008 | Tom Royce | 3 comments | Continued

Commercial Real Estate Opportunity? - Siemens Selling Hundreds of Millions in Real Estate

If you are in the commercial real estate market, keep an eye on Siemens. They have production facilities and offices around the country and are planning on selling hundreds of millions in real estate in 2008.
While the prices will not be at a fire sale level they will also be attractive for investors who […]

15Jan2008 | Tom Royce | 1 comment | Continued

The Real Estate Magnate You Never Heard Of - Nasser Hassan Al-Ansari

We have all heard the name Donald Trump, he promotes himself constantly as a top real estate magnate. However, there is a new breed of real estate developers and investors that have not hit our radar screen but will make Trump look like a chump.
They are coming out of the Middle East and spending their […]

2Jan2008 | Tom Royce | 2 comments | Continued

Boston College Purchases Properties From Archdiocese of Boston

When the Catholic Archdiocese of Boston became embroiled in their clergy sex scandal, the restitution payments to their victims stressed the treasury of the church. Now as a way to raise money to pay the families of the victims the Diocese has sold off their former headquarters buildings and land for nearly 400 million dollars.
The […]

5Dec2007 | Tom Royce | 1 comment | Continued

British Investor See’s US Commercial Deals Like After the S&L Crisis

It looks like the combination of a weak dollar and softening commercial market are creating opportunities for overseas investors to come in and buy cheap.
Capitalism is funny that way; money and assets will always be looking for value and what may not be a value for United States residents right now may be one for […]

26Nov2007 | Tom Royce | 0 comments | Continued