Blog

Author:
John Coleman
Posted:
07.15.2008

Suburban Office Vacancies Rise

According to a recent Crain’s Chicago Business article, suburban office vacancy rates shot up to 13.1 percent during the second quarter of 2008.  That is the highest level in more than two years. According to the commercial real estate services firm, Transwestern Commercial Real Estate, the vacancy rate is at its highest level since the first […]

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Author:
Matt Ward
Posted:
07.08.2008

Want Affordable Housing? Here’s Where to Find It

Despite all the doom-and-gloom reports on the residential real estate market, there are some bright spots.  In several markets, housing has become surprisingly affordable to families earning a median household income of $61,500.  And there’s more good news.  Mortgage rates are again nearing the record lows of a few years ago; and family incomes jumped […]

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Author:
Kurt Rosene
Posted:
06.30.2008

Construction-Loan Delinquencies on the Rise

The surge in the construction-loan delinquency rate – both residential and commercial – suggests that lenders will remain reluctant to make loans for new construction. Developers usually finance projects through short-term construction loans.  Once the project has stabilized, the developer seeks long-term debt.  With the current economic downturn, developers are finding it difficult to obtain […]

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Author:
Mark McDowell
Posted:
06.16.2008

Make Green Buildings Grow

Buildings four stories and higher use 65 percent of electricity generated in the United States, according to a recent article on the website http://www.tmcnet.com/. Several states – notably California – are requiring all new government buildings to qualify for green certification.  Additionally, California is looking at the possibility of granting preferences to private building owners […]

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Author:
James I. Clark III
Posted:

Capital Markets

One of the biggest issues we’ve faced is the stability of the capital markets, which are slow but showing some signs of life.  You have to look closely, but there are some positive signs.  At the end of March, two office properties sold for more than $500,000,000 each.  These included the UBS Tower in Chicago, […]

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Author:
Tom Silva
Posted:
06.02.2008

Retailers Take a Hit; Specialty Shops on the Move

Have you noticed that some of your favorite stores are disappearing?  Tough economic times have made people rethink their discretionary spending, and that is impacting specialty retailers.  According to a study by Commercial Property News and Claritas, a CPN-sister company specializing in retail-related demographic and marketing research, retailers are rethinking their 2008 growth plans. The Standard […]

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Author:
Mark McDowell
Posted:
05.27.2008

It’s Easy Being Green

Buildings as old as 100 years now can attain coveted LEED certification, courtesy of the innovative LEED Existing Buildings (LEED-EB) program.  According to an article in the April, 2008, issue of Midwest Real Estate News, green design has become a given in commercial construction.  Now, the United States Green Building Council (USGBC) has extended the […]

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Author:
Tom Silva
Posted:
05.01.2008

Foreign Investors Like Luxury

You know what they say about polls.  Still, a recent one is an interesting temperature reading for the new economy.   Overseas investors in United States real estate prefer retail versus office or industrial space right now, according to an issue of Commercial Property News. This is just one conclusion in a survey that examined […]

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Author:
Tom Silva
Posted:
04.30.2008

Jacksonville Industrial Market Poised to Become the Nation’s 10th Largest

According to market research from Colliers Dickinson, Jacksonville’s industrial market is thriving, thanks to its first-rate transportation infrastructure — consisting of the JAXPORT deep-water port, an international airport, three railways, three interstates and several major highways.  Industrial vacancy rates are the lowest they’ve been in five years, rents and property values are soaring.  With the […]

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Author:
Tom Silva
Posted:
04.24.2008

Condos Big and Tall

According to the April 1, 2008, issue of Commercial Property News, there are five prime reasons why developers should continue building condominiums and apartments.  Why is this happening in the multi-family market considering the fast pace of single-family home foreclosures? Strong echo and baby boomer demand – 7 million echo boomers are starting their careers and […]

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