Commercial Real Estate Financing News + More: Square Feet: At the Former Home to Borders Books, a Tech Hub Now Sprouts + MORE 11/10/2016

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Special Purpose Properties!

It is becoming increasingly difficult to get commercial loans for special purpose properties. Properties that do not fall in the categories of apartments or retail/office buildings are often placed in this special purpose classification. This means that business acquisition loans for commercial properties such as restaurants/bars and auto service businesses are frequently hard to find. Commercial financing will be even more difficult to locate for such specialized properties as churches, funeral homes, nursing homes and assisted living facilities.

An age of online shopping has, surprisingly, led to an exciting time for shoppers to get back out onto city streets to explore new, innovative shops.

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Walmart, Target and Best Buy have rolled out their Black Friday plans.

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Donald Trump could have an ally in Alan Greenspan, the former Federal Reserve Chair, when it comes to financial regulations.

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In Ann Arbor, Mich., where the flagship store and headquarters of the former Borders chain once stood, restaurants cater to students and tech workers.

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Hard to believe, but there was a time not so long ago when apartments were not considered the major property type in the commercial real estate sector they are today.

In 1993, when Bob Faith founded Greystar Real Estate Partners, institutional investors were just beginning to eye the investment potential of the rental housing sector, and they liked what they saw…

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