Archive for October, 2009
REALTOR Magazine reports that U.S. bank regulators are close to issuing guidelines that would incent lenders to rework troubled commercial real-estate loans to help banks avoid larger losses.
With over 50 percent of the $3.4 trillion in outstanding commercial real estate debt held by banks, regulators foresee more bank failures.
Construction and development loans are causing the most distress because they likely are not generating any income or revenue for the borrower, thus making it easier to fall behind.
NAI FMA Realty is pleased to announce that John Hyland has joined its sales and leasing division as a Sales Associate. Hyland comes to NAI FMA after 40 years of working in the lumber industry.
According to a building permit, the boutique called Divas & Darlings is moving from 27th & Jamie Lane to South Ridge Village at 27th & Pine Lake Road. The center includes tenants such as Starbucks, PetSmart, Chipotle and Fast Frame.
Noticed yesterday that The Coffee Roaster has relocated to 5022 Old Cheney Road next to Unique by Design. According to their Facebook page they moved out of the Trade Center and opened the new location on September 21st. The Coffee Roaster roasts fine estate coffees and has just recently added a selection of organically grown loose teas.
It appears Lina’s Mexican Restaurant, located at 10th & High Street, is closing (or has closed and I haven’t noticed it on my way home). According to listings on Loopnet.com the property is available for lease and the business is also for sale. Lina’s opened in late March of this year. The space had been previously King Taco and before that Taco Inn.
NAI Global – Commercial Real Estate – Worldwide: “Robust Growth Will Follow Economic Recovery’s Slow Start, Says NAI Global Chief Economist Dr. Peter Linneman
The Great Recession has officially ended and recovery will be far more robust than anyone can imagine, according to a new white paper from NAI Global Chief Economist Dr. Peter Linneman. The economic recovery is examined and Dr. Linneman provides insight into the leading indicators that the market is stabilizing and investment activity is on the rise.
“Although the news continues to focus on the negative, the economy has bottomed and is on the road to recovery,” said Dr. Linneman. “Historically, the U.S. economy has rebounded in ways that were unimaginable at the time and usually within two years of a recession.”
Is This a Recovery?, NAI Global’s white paper, offers proof that the recession has come to an end and that recovery, however slow, is under way. Dr. Linneman discusses in depth the country’s current economic status, and provides historical evidence from past recessions to support his prediction of a robust recovery by 2012.
This latest white paper follows Overview/Analysis of the Government Stimulus Program, an examination of the federal government’s three major stimulus programs and their impact on the U.S. economy. NAI Global’s white papers and research resources are available for free download at www.naiglobal.com under Publications/Articles & White Papers.
Dr. Linneman is also Professor of Real Estate, Finance and Public Policy at the Wharton School of Business, University of Pennsylvania, and Principal, Linneman Associates.”
The Lincoln Chamber of Commerce just released the results from a survey earlier this summer where 3,000+ chamber members were asked what their #1 priority is for the city of Lincoln. Nearly one-quarter responded with 50% saying they would prioritize a new arena as the #1 need for the city.
The breakdown is as follows:
New arena 50.5%
South Beltway 19.1%
Overall General Obligation Bond 18.2%
East Beltway 8.0%
Do nothing at all 4.2%
Retail space for lease at Lincoln’s busiest intersection – 48th & O Streets! 1,225 sq.ft. up to 5,000 contiguous sq.ft. available in the center anchored by Target and Super Saver. Many recent updates. To tour the available spaces, contact Marc Snow at 402-441-5819.