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 [...]
Commercial real estate owners and developers will get some much-needed flexibility to rework their mortgages or receive loan extensions under a new federal tax rule that could provide some relief to a deeply troubled sector of the real estate market. The new Internal Revenue Service rule will affect loans that are backed by office parks, [...]
Louisville officials are lobbying for a $20 million grant from the federal government to help offset the costs of razing the Sheppard Square public housing complex in Smoketown and develop mixed income homes and Louisville apartments. The proposed project would level the 326-unit complex and would be Louisville’s third project in the HOPE [...]
A recent article in the Market Watch section of the Wall Street Journal claims that foreign real estate investors predict that the U.S. housing market will rebound in the second quarter of 2010. The Association of Foreign Investors in Real Estate (AFIRE) issued a survey to its more than 200 members, and respondents expect to [...]
A recent article in the Louisville Courier-Journal provides very welcome news to supporters of a longtime Louisville area landmark. The former Colgate-Palmolive plant in Clarksville renowned for its huge clock has been purchased by Active International, an advertising and trading company based in New York. Before Colgate bought the plant in 1921, the building was [...]
