![U.S. Commercial-Property Prices Fall With Worst Yet to Come](https://www.msn.com/"default":"load":"default","w":"80","h":"51","src":"://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB18p2eA.img?h=513&w=799&m=6&q=60&o=f&l=f","size3column":"load":"default","w":"62","h":"40","src":"://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB18p2eA.img?h=401&w=624&m=6&q=60&o=f&l=f","size2column":"load":"default","w":"62","h":"40","src":"://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB18p2eA.img?h=401&w=624&m=6&q=60&o=f&l=f")
(Bloomberg) — U.S. commercial real estate prices are falling as the economic toll of the Covid-19 pandemic worsens — and the decline is just getting started. © Photographer: Spencer Platt/Getty Images Fifth Avenue retail store in Manhattan Indexes for office, retail and lodging properties all slipped year-over-year in July, data […]
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The office market has softened, but tenants mostly are staying put. Jeanne Davant Commercial real estate brokers in Colorado Springs are seeing slowdowns in some segments of the market, but that’s offset by gains in other sectors. Even with the ups and downs, brokers say that prices per square foot […]
![Knight Frank launches auction business to battle coronavirus uncertainty](https://www.msn.com/"default":"load":"default","w":"27","h":"12","src":"://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB18MsAf.img?h=120&w=270&m=6&q=60&o=f&l=f")
© Provided by City AM Estate agent Knight Frank has launched an auction business to help clients sell homes faster during the heightened period of uncertainty caused by the coronavirus pandemic. The property consultancy announced this morning that it will hold seven sales in total, with the next one held […]
By Camilla Dell, Founding Managing Partner, Black Brick As experts in the Prime Central London (PCL) property market, we’re always, of course, analysing the data, so I would never dismiss the empirical evidence that many reports provide. As someone with a Masters in marine biology, I’ve […]
“Commercial rentals haven’t gone mad; rates and taxes have. They are bizarrely increasing in this weak economic environment and these continued increases are unsustainable for the real estate industry,” said Estienne de Klerk, CEO of Growthpoint Properties and Chairman of the South African Real Estate Investment Trusts (SAREIT) Association, speaking in today’s […]
Chestnut Ridge Apartments. Image courtesy of Beitel Group Beitel Group, a New York-based single family office, has acquired Chestnut Ridge Apartments, a 384-unit apartment community in Louisville, Ky., from Birge & Held Asset Management, which had owned the property for more than three years. The sale price was not disclosed. […]
Home Daily News Insurers rack up early wins in lawsuits over… Insurance Law By Debra Cassens Weiss September 2, 2020, 1:11 pm CDT Court decisions on “business interruption” coverage are so far favoring insurers as they fight claims for lost income during the COVID-19 pandemic. Courts have ruled for insurance […]
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© Trevor Brine/CBC Winnipeg’s city council will discuss possibly waiving penalties on unpaid 2020 business and property taxes at an emergency meeting on Monday. Winnipeg’s city council is set to discuss the possible extension of property and business tax deferrals for two more months at an emergency meeting on Monday in […]
WALTHAM, MA — If you walked past Bison County on Moody Street recently and saw a sticker in the window that said the restaurant had been seized by the state for nonpayment of taxes, that was false. There was no seizure. The owner has since ripped the sticker off the […]
Greg Goodman walks through downtown Portland every morning, picking a different route each day. Those walks have become increasingly frustrating for him over the last several months. He sees trash bags and litter left out on the sidewalks, glass from broken car windows in the streets, buildings and benches covered […]
HONG KONG, Aug 19 (Reuters) – Hong Kong’s banking regulator said on Wednesday it would relax commercial property mortgage rules, in a move to boost liquidity in a market that has been hit hard by U.S.-China trade tensions, violent street protests last year and the coronavirus crisis. The change lifts […]
Recently a U.S. Judicial Panel on multidistrict litigation denied a proposal to consolidate cases related to business income losses related to coronavirus. Read that story on Insurance Journal here. This was the right decision. To set the stage, as of the beginning of August, there have been over 700 suits […]
CLOSE Sun King Taproom & Distillery is a 15,000-square-foot food hall maze of bars, restaurants, dining areas, markets and distillery operations at 351 Monon Trail, a block south of Main Street in Carmel. In what some Carmel residents viewed as a monumental decision to allow more commercial development west of […]
MasterCraft buys Florida boat plant MasterCraft Boat Co. has agreed to buy a boat manufacturing plant located in Merritt Island, Florida, to support its recently introduced Aviara brand. Aviara, a premium designer, manufacturer and marketer of luxury day boats ranging from 32 to 40-feet in length is a de novo […]
Church said his “hope and dream” as mayor was to bring 2,500 jobs to the site to make up for the job losses that occurred when operations ceased at Mound Laboratories, the city’s biggest employer. “In my lifetime, I’ll never see 2,500 employees, but we’re gonna put a big dent […]
Malone Commercial Brokers is pleased to offer for sale a hugely successful, turnkey concert and event business with malleable space right in the heart of downtown Portland. The Portland House of Music and Events (PHOME) has become a beloved staple in the city’s music scene over its five years of […]
David Edelstein, George Gleason and 918-920 Lincoln Road (Google Maps) Bank OZK is seeking to foreclose on a Lincoln Road property owned by developer David Edelstein. The Little Rock, Arkansas-based bank, one of the most aggressive commercial real estate lenders in the country, is looking to collect on the $12.8 […]
CLOSE See the new Cartoon Network Hotel in Lancaster, the first in the world, through the eyes of a 10-year-old boy. York Daily Record Cartoon Network Hotel had its second official opening Monday, just over six months from the first one. The hotel, located at Dutch Wonderland in Lancaster County, Pennsylvania, officially […]
If you want to know who really controls Picton Property Income Limited (LON:PCTN), then you’ll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. We also tend to see lower […]
The South Delhi Municipal Corporation (SDMC) on Monday passed the proposal to levy a professional tax on self-employed persons — a first for Delhi — and doubled the tax on rented commercial property. The municipal body also announced hike in tax on transfer of property in new tax proposals aimed […]