Default-y tower The New York owner of Boston’s landmark Hancock Tower defaulted on a key loan payment this week, in what’s become one of the most spectacular commercial real-estate flops in the city’s history. Broadway Partners LLC, the once high-flying investment firm that purchased the Hancock for $1.3 billion in 2006, was involved in intense …
Category Archives: Commercial Properties
Retirees find second career as landlords : SearchChicago Homes : News
Retirees find second career as landlords Some retirees have found the perfect second career: Landlord. At a time when stock investments are uncertain and many homes are not selling, some retirees and near-retirees are keeping their money in rental property and banking on a steady second income. “Real estate can be a wonderful asset to …
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Commercial property forclosures expected to be next wave in recession
Commercial property forclosures expected to be next wave in recession South Florida’s residential and commercial real estate markets suffered in 2008, and the new year doesn’t figure to offer much relief. Although home sales started picking up this summer, the beleaguered housing market has been hammered by foreclosures and falling prices. Both trends are expected …
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Palm Beach may see some Madoff victims selling homes, yachts, jewelry [South Florida]
Palm Beach may see some Madoff victims selling homes, yachts, jewelry [South Florida] Madoff mania may be flooding the island, but signs of panic may be more anecdotal than factual. With the economy already in the doldrums, it can be difficult to divine the reasoning behind island residents’ financial moves. While some island real estate …
Square Feet – Long List of Commercial Properties Face Distress – NYTimes.com
Square Feet – Long List of Commercial Properties Face Distress For many months now, the commercial real estate industry has been grim about its future, but it has been hard to quantify just how bad things are. The default rate for loans packaged into securities and sold on Wall Street has remained well under 1 …
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Marinas watch, wait for end to slow dock market [South Florida]
Marinas watch, wait for end to slow dock market [South Florida] Southwest Florida’s dockominium industry – going full speed ahead three years ago – is going through a no-wake zone now, say owners and builders. But long term, they say, individually owned spaces in a dry dock facility are still a good investment because they …
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