Posted by John Willsen on November 14, 2011
The choice might be to buy a home during a short sale, while in foreclosure or once the bank owns the home as an REO; each of these has its pros and cons in the home buying process.
Q: I live in a house on our two hundred acre farm. The property next to us is on about ten acres with a small 1,500 square foot house. The property owners failed to pay their power bill and moved away. Now, the home is scheduled to be foreclosed on soon.
I would be interested in expanding my farm by purchasing this property. We would pay cash.
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Posted by Bruce Tipson on November 11, 2011
ORLANDO – CB Richard Ellis announced the sale of Timberlake and Glades apartments in Altamonte Springs tor $63,150,000.
Built in 1985, Timberlake and the Glades feature 876 units with one- and two-bedroom floor plans in two contiguous properties. The assets were 93% occupied at closing, and the sale represents the largest garden apartment sale in the Orlando area thus far in 2011.
Shelton Granade and Luke Wickham of CBRE’s Central Florida Multi-Housing Group exclusively represented the seller. The closing was CBRE’s 20th multihousing transaction locally in 2011.
Posted by John Willsen on November 9, 2011
In his 1948 book, How to Stop Worrying and Start Living, Dale Carnegie titled one chapter, If You Have a Lemon, Make A Lemonade. That advice has been passed down through the years to anyone facing a tough situation.
How do you take something thats bad and turn it into a positive? The metaphor is apt for commercial real estate owners today, many of whom are stuck with piles of lemons.
Rental rates and asset values have fallen to staggering lows, while snowballing vacancy has sapped income from commercial projects across property types and markets.
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Posted by Carry Brooks on November 9, 2011
During the third quarter of 2011, the real estate market in Brazil continued to grow, with the Sao Paulo office sector putting in a particularly strong performance. This is according to a report published by Cushman & Wakefield, which revealed that net absorption across all the cities surveyed was 52.3 per cent higher in this period than the figure recorded in the three months from April to June this year. Meanwhile, the average asking price for rents has climbed by 2.5 per cent year on year, to stand at R$71.50 (£25.56) per sq m per month.
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