With retail and apartment vacancies rising and rents falling, and with the prospect of employers cutting their office space looming, the question is whether the hundreds of millions of dollars the banks have set aside for commercial-property loan losses will be enough. An epicenter of Covid-19, the city shut down […]
Commercial
It’s one of the hottest issues on the November ballot — but it is often misunderstood. Proposition 15 promises the biggest change in property taxes in 40 years. The measure would raise up to $11.5 billion for schools and local governments, according to the nonpartisan Legislative Analyst’s Office.Prop. 15 would […]
The pandemic has been hard on commercial real estate investors. With many companies now working remotely, large swaths of commercial buildings and office spaces have been left empty. In some cases, tenants have decided not to come back for good. Obviously, that’s a big threat to business. It means less […]
churchpropertylocater.com Over the past decades, many commentators have observed declining religious attendance, particularly in small towns and rural communities. This has meant empty and underutilized churches and other religious buildings with the added burden of fixed costs. When contributions from the congregation decline (or vanish completely), this can make maintaining […]
Edinburgh recorded the highest value of sales for Scotland but the figures were still well down on both the previous quarter and Q2 2019. The Scottish Property Federation (SPF) said its analysis of the latest commercial property statistics from Registers of Scotland showed that sales amounted to £285 million in […]
Indeed, why are there virtually no distressed sales of commercial properties, even though so many of the the country’s small- and medium-sized businesses have seen their revenues evaporate as a result of the pandemic? One senior banker told me there was an easy explanation for the extraordinary resilience of the […]
ymgerman / Shutterstock Research is the key to signing the right business lease. Specifically, look at the building owner, landlord, zoning laws, environmental expectations and nuisance laws. Know how much you have to pay, what exactly you’re covering and how much your rent will increase each year. Some leases […]
Veronica Beard has just opened at 1254 Wisconsin Ave. NW. Photo by Jenn Verrier. As national-brand retailers declare bankruptcy across the United States and the coronavirus pandemic has triggered the worst economic contraction since the Great Depression, the commercial real estate sector in Georgetown has not been immune to recent […]
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 […]
“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 […]
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 […]
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 […]
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Ryan is Co-Founder and Principal of Graceada Partners, leading investment activity and heading up the asset management division of the firm. Getty One area of the economy that is seen as especially vulnerable in the wake of pandemic-related upheaval is the commercial real estate (CRE) market. In fact, even before Covid-19 […]
LG Business offers solutions for hotels, restaurants, offices, shops and more, keeping them comfortable, secure and stylish. Choose from a range of commercial displays, enterprise mobility solutions and solar modules that provide specialized solutions for a range of business types. Find commercial appliances and electronics from LG for your business […]
Together with your local independent insurance agent, we’ll customize an insurance program to help protect the business you’ve built. Your agent gets to know you and your business, matching your needs with an insurance program. Beyond the policy, we believe The Cincinnati Insurance Company is everything insurance should be for […]