Monthly Archives: March 2011

Investors Returning To Retail Single Building by Single Building

By: Mark Heschmeyer / CoSTAR GROUP March 23, 2011 Stand-Alone Retail Properties Generating Renewed Interest from Investors– Hinting at Broader Recovery To Come
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Housing construction grossly overstated

By: Alexander Lopez / Caribbean Business March 24, 2011 Total number of units may actually be half of the 20,000 official figure, sources say; slow sales prompt developers to put off plans for second phases, additional towers
Posted in Advisory Services, Market Information, Puerto Rico Residential Real Estate | Tagged , , | Leave a comment

Burlington accelerates $30 million local-market expansion

By: Frances Ryan / Caribbean Business March 24, 2011 The New Jersey-based Burlington store chain continues full-speed ahead with its local expansion plan. Still a relative newcomer to the local retail scene, Burlington prepares to open its fourth store this week in Ponce.
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Recession leads to dramatic increase in real-estate auctions

By: Alexander Lopez / Caribbean Business March 24, 2011 Buyers benefit from lower prices, while sellers (including the island’s banks) move their otherwise stuck properties; ‘We make it up in volume’
Posted in Advisory Services, Market Information, Property Acquisition | Tagged , , | 1 Comment

Viceroy Anguilla files for bankruptcy; Starwood Capital aims to buy resort

By: CB Online Staff / Caribbean Business March 17, 2011 The owner of Viceroy Anguilla Resort and Residences in Anguilla announced Thursday it has filed for Chapter 11 bankruptcy to pave the way for the sale of the luxury property on the exclusive Caribbean island.
Posted in Advisory Services, Market Information | Tagged , | 1 Comment

Job Growth Bodes Well for Commercial Real Estate Recovery

By: CCIM.com Newscenter March 11, 2011 Private-sector employers generated 222,000 jobs in February, the fourth-largest monthly increase in five years. This is a clear indication that the recovery has gained significant positive momentum, according to Marcus & Millichap’s blog, The Research Brief.
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Home builders keep up effort to make construction taxes, fees level across island

By: Eva Llorens / Caribbean Business March 9, 2011 The Home Builders Association (HBA) is again lobbying the Legislature to make excise taxes, environmental-impact fees and city business taxes uniform all across Puerto Rico to reduce construction costs and home prices, and help jumpstart the construction industry, which has lost more than 50,000 jobs and continues to [...]
Posted in Advisory Services, Market Information, Project Evaluation, Puerto Rico Residential Real Estate | Tagged , , | Leave a comment

New FHA requirements to severely hurt condo sales

By : Alexander Lopez / Caribbean Business March 10, 2011 Stricter qualification guidelines for condominiums adopted by the Federal Housing Administration (FHA) as of Jan. 1 could significantly affect condo values and pose a daunting obstacle for prospective buyers.
Posted in Advisory Services, Banking, Financial Analysis, Market Information | Tagged , , | 1 Comment

Industrial Rebound Could Absorb 200 Million SF in 2011

By Paul Rosta, Senior Editor / Commercial Property Executive March 2, 2011 If positive economic trends continue throughout 2011, absorption in the U.S. industrial market could hit 200 million square feet for the year, according to projections by Colliers International.
Posted in Advisory Services, Industrial & Manufacturing, Market Information | Tagged , , , | Leave a comment

Are Rule Makers Backing Off New Accounting Standards For Leases?

By: Randyl Drummer / CoSTAR GROUP March 2, 2011 Two international accounting authorities appear to be moving to scale down proposed new standards that would require landlords and tenants to account for real estate and equipment leases as assets or liabilities on their balance sheets. Many in the commercial real estate industry regard the new rules as [...]
Posted in Advisory Services, Commercial & Office, Landloard and Tenats, Market Information, Relocation | Tagged , , | Leave a comment
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