Moody’s Upgrade for Global Industrial Real Estate Developer

August 30, 2011 / Elizabeth Buckley, Commercial Property Analyst
Moody’s Upgrade for Global Industrial Real Estate Developer Moody’s Investors Service has upgraded ProLogis European Properties’ (Euronext: PEPR) corporate credit rating to Baa3, with stable outlook, from Ba1. ProLogis European Properties is a subsidiary of Prologis, Inc. (NYSE: PLD), which operates and develops global industrial real estate. Early this month, Jefferies upgraded ProLogis from Underperform to Hold with a price target of $31.00. The upgrade was granted given that the Prologis’s recent private market transactions support its current valuation; the industrial real estate... »

Low-income Housing Blocked by City Mayor?

March 23, 2011 / Elizabeth Buckley, Commercial Property Analyst
Low-income Housing Blocked by City Mayor? A real estate developer, MSP Real Estate Inc ahs recently filed a federal lawsuit against Mayor Jack Chiovatero and New Berlin for blocking the company to build a senior apartments and low-income housing development in the heart of the city. The company, according to a report, is seeking compensatory damages worth $12,995,996 and an undeclared amount of for not allowing MSP to construct the low-income housing and the senior apartments. In Hartsville, inline with lawsuit... »

Construction Deaths Lead to Stronger Personal Injury Compensation in UK

March 02, 2011 / Elizabeth Buckley, Commercial Property Analyst
Construction Deaths Lead to Stronger Personal Injury Compensation in UK The Health Service Executive or HSE has recently tighten up on how construction sites provide safety measures, and personal injury compensation for its construction workers, as the recent report shows that death rates and injury are still high in United Kingdom’s construction industry. In 2010, there were about five less deaths and 171 less injuries compared to 2009 — in the south west. On other side of the Atlantic, in New York City, several construction... »

Shopping Mall Acquired by Federal Agency in California

February 21, 2011 / Elizabeth Buckley, Commercial Property Analyst
Shopping Mall Acquired by Federal Agency in California A local federal agency has recently acquired a shopping mall $13.1 million, despite the owner’s efforts to prevent the sale. The San Bernardino Economic Development Agency has purchased the shopping mall — Carousel Mall, but the recent owner, Placo San Bernardino has filed a lawsuit against it in February 8, 2011. Another shopping mall acquisition took place in Florida by private real estate company–Lightstone. The property, Festival Bay Mall, is located at 5250 International Drive in Orlando and... »

SBA Offers Loan Program for Small Business Owners

February 18, 2011 / Elizabeth Buckley, Commercial Property Analyst
SBA Offers Loan Program for Small Business Owners A refinancing program was launched by the Unite States Small Business Administration, which could help small businesses refinanced owner-occupied commercial properties. The SBA’s loan program is said to help small business to expand—those businesses that are not expanding. The loan program — the 504 program will start on February 28, 2011. The underserved market is also getting streamlined loan program from the SBA, not just the small business owners. The Small Loan Advantage program is... »

Deal for Mixed Use Complex Ended

February 16, 2011 / Samantha Bartolata, Editor in Chief
Deal for Mixed Use Complex Ended The Economic Development Authority in Staunton, Augusta County, Virginia, ended the talks with Richmond-based Synergy Development Group and Mark Lichtman of Bethesda, Md about the supposed development of a hospital site into a mixed use complex. After four months of negotiation for the mixed use complex project, the officials of the development authority voted to terminate the agreement, after Synergy Development Group failed to present a proposal to acquire the hospital site from the city... »

Iowa Governor Plans to Cut Corporate Taxes in Half

February 14, 2011 / Elizabeth Buckley, Commercial Property Analyst
Iowa Governor Plans to Cut Corporate Taxes in Half The city of Iowa’s proposal to cut corporate taxes may help small businesses in the state, but data shows it will only help large business companies. Gov. Terry Branstad of Iowa propose to cut corporate taxes by 50 percent because he believe that small business can benefit from it for more of their income and sales are said to be in the state. While Iowa plans to reduce corporate taxes, Burlington, the largest city in... »

Reassessment on Commercial Properties Totaled $7.8M

February 07, 2011 / Elizabeth Buckley, Commercial Property Analyst
Reassessment on Commercial Properties Totaled $7.8M Recently, four commercial properties have received a total of $7.8 million in Luzerne County, Pennsylvania. According to court filings in the county, the commercial properties received assessment reductions by state- court meditation. All owners of the properties must file an assessment challenge at the assessment appeal board of Luzerne County. According to a report, the assessment challenge must be filed before reaching the mediation process. Owners of the commercial properties and Solicitor David Schwager, the county... »

City Files Lawsuit Regarding Commercial Development

January 31, 2011 / Elizabeth Buckley, Commercial Property Analyst
City Files Lawsuit Regarding Commercial Development The City of Hartsville filed a lawsuit against a commercial developer Balaji II LLC, after misleading Hartville’s official about its ability to finance a commercial development in the city. The commercial developer planned to construct a commercial development— Hampton Inn & Suites in downtown Hartsville, a city in Darlington County, South Carolina. From 2008 to mid 2009, Balaji II, which is owned by D.J. Desai has repeatedly presented the city officials of Hartsville that his... »

New Building Codes Suspended by New Mexico Governor

January 21, 2011 / Elizabeth Buckley, Commercial Property Analyst
New Building Codes Suspended by New Mexico Governor An environmental organization— Sierra Club is suing Governor Susana Martinez before the New Mexico Supreme Court after preventing the publication of new building codes that aims to uphold energy- saving standards. Not long before the governor took office on January 1, 2011 an executive order was issued to suspend all proposed and pending regulations including the new building codes while a task force reviews them for 90 days. The environmental organization asserts the new building... »

Regulation News

Regulatory news help you to be up to date with legislation – new laws and rules that can affect the recent and the future of commercial real estate market, lawmakers and legislators passing various amendments and tax reforms nationally and locally for the benefits of the majority and the economy.