Higher Interest Rates Stalls Growth in Commercial Real Estate Values
The recent but steady climb in interest rates is creating downward pressure on commercial real estate values and threatening to stall four years of growth.
https://m.us.wsj.com/articles/a/SB10001424127887323998604578567911590094962?mg=reno64-wsj
Expect Distressed Sales to Slow in Twin Cities as Banks Recover
“The recession negatively affected local, regional and national banks in Minneapolis/St. Paul and all commercial real estate product types. A wide range of real estate owned (REO) assets have sold in recent years, including single- and multi-tenant office buildings, industrial buildings, convenience stores, office condos, residential condos in bulk blocks, raw land, a campground, a historic warehouse, hotels — just about everything.” Read more.
Click here to download the full article from the May 2013 issue of Heartland Real Estate Business.
Investing in Sustainable Real Estate
Two standard criteria in real estate investment have always been the location and quality of the property. However future investors may add a new criteria and this is looking at how “green” the property is when making a decision to purchase. A recent article in National Real Estate Investor, When Will Sustainability Matter as Much to Investors as Location and Quality?, seems to indicate that day is soon approaching.
Distressed Real Estate Sales Trends – A Minneapolis Market Commentary
John Chirhart and Lou Suski of the Gaughan Companies/CORFAC provide a market commentary of “Distressed Real Estate Sales Trends” for the Minneapolis and St. Paul market in the March issue of Heartland Real Estate Business.
