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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.
Investors Pouring into Smaller Markets in Search of Higher Yields, Driving Price Momentum
– costar.com/News
But the robust demand for real estate and the current cycle’s longevity set this growth period apart from past ones and suggest that smaller markets will continue to reap investment for some time…
Why Rose McGowan was blocked on Twitter
– rss.cnn.com
Sears Canada Going Out of Business
– costar.com/News
The court is expected to hear the motion later this week. Pending approval of the court, it is expected that liquidation sales at retail locations would commence next week and continue for 10 to 14 weeks…
CXP Puts Dry Powder to Work with +$1 Billion in Office Purchases
– costar.com/News
In early July, Atlanta-based Columbia obtained a nearly 50% interest in an office tower at 114 Fifth Ave…
