Commercial Real Estate Delinquencies & Defaults on the Rise

Commercial Real Estate Delinquencies & Defaults on the Rise

February 1, 2010 by Victoria Stankard · Leave a Comment 

Although the U.S. housing market is showing glimmers of recovery, the commercial real estate sector is another story.
The weak economy, rising unemployment rate, falling real estate values and more stringent than ever underwriting standards have made refinancing much more difficult for commercial real estate property owners.  
Phillip F. Blumberg, chairman of Blumberg Capital Partners, says that banks are highly [...]

Eco-friendly Project For Mecklenburg County

April 6, 2009 by Victoria Stankard · 3 Comments 

On the west side in Mecklenburg County, there are pockets of eco-friendly development in the works.  One project in particular is the revitalization of the old Freedom Mall building located at the corner of Freedom Drive and Ashley Road. The mall was built in the early 60s and was one of the first in Mecklenburg [...]

That Elusive Great Deal

February 9, 2009 by admin · Leave a Comment 

It’s so hard, mentally. You are an intelligent individual who has turned off the constant drivel of the liberal news media and quit reading the local paper in favor of headlines on your home page. You realize that the stock market is likely going to continue in this pattern of fits and starts [...]