After decades of serving breakfast, lunch and dinner to hungry Louisville residents, Masterson’s Food & Drink in Old Louisville closed recently, and the building will be razed to make room for a large Louisville commercial real estate project. Located for more than 50 years at Third Street and Cardinal Boulevard, Masterson’s is the future site [...]
Many people who own investment real estate in the Louisville area face the same dilemma: manage the properties themselves or hire a professional Louisville property management company. Neither is better than the other is; it really boils down to the property owner’s situation. Nevertheless, if you’re a Louisville income property owner who lives outside the [...]
The Louisville Metro Planning Commission recently reviewed and approved plans for a $45 million South Pointe Commons shopping center project, and the plans now require the approval of the Louisville Metro Council. The project expects to break ground on Bardstown Road just south of the Snyder Freeway in Fern Creek shortly after it receives approval [...]
Even though home sales are on the rise after an economic downfall, the market is slower than it has been in past years. The values of homes overall remain less than what they were before the economy took a dive. However, note that just because home sales are slow in the Louisville real estate market, [...]
February 12, 2010, marked the date for information provided by the International Revenue Service that will affect homebuyers in the Louisville real estate market. There are new guidelines for the two tax credit programs that have been created to assist in the country’s failing home owning circumstance. The credit is $6,500 for previous homeowners buying [...]
Recent statistics are showing that Louisville homeowner equity could be on the rise. In general, homes in the United States are showing rising equity levels, which is great news for people interested in buying or selling their homes. Improvement across the board is showing slight increases in numbers, but increases nonetheless. This information hasn’t been [...]
The Wall Street Journal reports that analysts at investment bank Morgan Stanley believe that the country’s commercial real estate problems are manageable. A team of six of their commercial real estate analysts said recently that the current problems that plague that sector of the nation’s real estate market are “only a moderate headwind for the [...]
An article in The Richmond Times-Dispatch predicts that the nation’s commercial real estate outlook won’t look much better in 2010 than 2009. After a boom period over the previous years where developers, bankers and investors did very well, the economic downturn has hit commercial real estate in Louisville and other markets across the country especially [...]
Real estate industry analysts are forecasting that 2010 will be another tough year for commercial real estate with prices expected to hit bottom, creating market difficulties not seen for generations. However, they also said that like any other depressed market, there would be unique opportunities for savvy investors with deep pockets. They say that the [...]
DSNews.com reports that billionaire investor, Wilbur Ross, says that the U.S. is at the very beginning of a “huge crash in commercial real estate” and that he would exercise “extreme caution” before investing in this sector of real estate.
“All of the components of real estate value are going in the wrong direction simultaneously,” Ross said [...]
