Remington Archive - News
Vacancy Rates Dip As Borders Closes 200 Stores
With plans in place to close 200 underperforming stores by the end of April, Borders Group Inc. will be seeking retailers to lease approximately 4.9 million square feet of retail space. Fortunately for Borders, retail vacancy is set to drop 10% by the end of the year and retail is steadily rebounding. http://bit.ly/fQWEVz
Read MoreMixed News on Office Vacancy and Rents
According to a new report by Colliers International, the U.S. office market entered the year on a relatively strong note after the fourth quarter, with a sharp drop in vacancy and a healthy increase in occupied space. But rents continue to languish, according to Ross Moore, chief economist at Colliers International and author of the report. The fourth [...]
Read MoreDon’t Let Your Clients Become “Toast”
During the ‘CMBS Outlook’ session at the Mortgage Bankers Association’s Commercial Real Estate Finance and Multifamily Housing Convention & Expo, Jack Cohen, CEO of Cohen Financial, clearly explained the position that many borrowers are going to be in this year as banks begin to take losses on the loans that they had previously been extending. … However, the only option for the borrower in his example isn’t just to pack it up and go home; recapitalization gives borrowers a chance to revitalize their projects and not lose the time and money they have already invested.
Read MoreSenior Housing Insights
According to recent polls conducted by NREI, investors in senior housing report that occupancy rates have declined as a result of the condition of the housing market, as well as the overall economy. There were mixed opinions on when occupancy rates would begin to recover, but most agreed it would be this year.
Read MoreCRE investors keep investments in quality assets
Commercial real estate investors who have not seen enough distressed properties come available in the third quarter are keeping the pent-up capital in quality assets, according to PricewaterhouseCoopers’ Korpacz Real Estate Investors survey. Investors expect cap rates for the core assets they’re invested in to either hold steady or decline through the rest of the [...]
Read MoreAddition To Our Team
We are pleased to announce that Aaron Bogdanoff has been appointed to head up our Affiliate Broker Program. Aaron will be recruiting highly qualified affiliates who will then be permitted to market Remington’s services worldwide.
Read MoreTrend: Construction And Development Lending On Hold
The United States has seen a recent trend of slowing construction loans. Lenders are cautious about lending money for construction projects, due to the flooded construction market. Read The Full Story Here.
Read MoreCash-strapped landlords fail to evict tenants
Across the country, evictions are down. The question is asked, why? The obvious answer would be that tenants are paying their rent on-time. That answer would be wrong, in-fact quite the opposite. Less Tenants are paying their rent on time. So again, why are evictions down? The fact is, landlords can simply not afford the [...]
Read MoreUp until recently, lenders and special servicers have done little to deal with the mounting volume of distressed mortgages in CMBS pools because it is so difficult to get all interested parties on the same page. But now the sheer volume of distress is forcing their hand. In March, the unpaid balance on CMBS loans [...]
Read MoreThe Remington Chairman Andy Bogdanoff recently met with national experts to discuss breaking through the current commercial real estate liquidity crisis.
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