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Special Purpose Properties!
It is becoming increasingly difficult to get commercial loans for special purpose properties. Properties that do not fall in the categories of apartments or retail/office buildings are often placed in this special purpose classification. This means that business acquisition loans for commercial properties such as restaurants/bars and auto service businesses are frequently hard to find. Commercial financing will be even more difficult to locate for such specialized properties as churches, funeral homes, nursing homes and assisted living facilities.
LXP Pays $302M for Leased Fee Interest in NYC Land Portfolio
– costar.com/News
Lexington Realty Trust (NYSE: LXP) has acquired the leased-fee (ground lease) interest in a portfolio of three land parcels located in New York City totaling approximately 0.6 acres, for $302 million.Magna Hospitality Group sold the three parcels, which are all net-leased to tenants under non-cancellable, 99-year ground leases…
Continue Reading On costar.com/News »
Joe Jacobs, a 34-year old father of four who lives just outside of Denver, views the current dysfunction in the U.S. government as a sign of something much bigger.
Continue Reading On rss.cnn.com »
Foreign investors are showing a growing appetite for Italian commercial real estate, a sign the improvement of Europe’s economy is being felt in some of the Continent’s weaker property markets.
Continue Reading On wsj.com »
Notable properties that have been recently listed for sale, sold or leased.Continue Reading On nytimes.com/services »
Vornado Realty Trust grew from a small strip-center owner to a giant in real estate partly by buying big stakes in retailers. But you would never know it from how the company fared in its investment in J.C. Penney.
Continue Reading On wsj.com »
Commercial Real Estate Financing Information Here! + More News: Doctors Get Financing Here + MORE 10/16/2013
