This weekend the Alberta chapter of CCI (Canadian Condominium Institute) had a conference here in Edmonton. While Sara was one of the presenters and presented on real estate trends I got the chance to sit in on some other presentations.
I often hear complaints from condo owners that are not involved in their condo associations and I realized at the conference just how many of these people are volunteers. They give up their own time and talent and take on many of the problems that must be faced with very little credit.
When I started selling real estate a few years back (1988) condos made up about 5% of the market in terms of sales.
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Highwoods Properties said today that DirectBuy, a home improvement and furniture club, has leased 75,000 square feet in one of the company’s industrial properties in Greensboro.
The 125,000-square-foot warehouse on Burnt Poplar Road is now fully leased, the Highwoods said.
DirectBuy has more than 130 locations in North America.
Highwoods owns more than 4 million square feet of office and industrial space in the Triad, making it the Raleigh real estate investment trust’s third largest market behind Atlanta and the Triangle.
The Triad portfolio was 89.4 percent occupied at the end of last year, according to regulatory filings.
Highwoods sold six industrial properties in the Triad in the second quarter of last year.
According to this video lower end homes are falling faster in value over the middle price range (move up) and luxury brackets.
Do you find it interesting that home values are falling faster in the lower end? (Maybe the word isnt interestingits maybesuspect?)
The belief is that the lower end home sales are subject to first time buyers who cant scratch up a downpayment and/ or meet todays overly strict lending requirements.
But, I am thinking there is another reason. REO inventory. Specifically, lenders are focused on selling their lower end assets nowbecause the losses from those sales is SMALLER vs.
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Although the housing downturn is giving a boost to some rental properties, occupancy in Houston’s aging lower-rent apartments has dropped because of unemployment among groups that typically rent them.
Unlike their pricier counterparts, lower-end com- plexes, known as Class C properties, often suffer in a housing downturn because many of their tenants depend on blue-collar jobs such as construction, said Stacy Hunt, executive director of management for Houston-based multifamily real estate firm Greystar, which manages 38,000 apartment units in the Houston area.
Occupancy of these apartments, typically built in the 1970s and 1980s, has dropped nearly 2 percentage points to 83.7 percent since July 2009, according to Houston-based Apartment Data Services.
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Sabey Data Center Properties will enter one of the leading data center markets in the country, Northern Virginia, with the development of Intergate.Ashburn, a 490,000-square-foot campus in Ashburn, Va. The data center developer and operator has purchased 38 acres of land for the project in the Dulles Technology Corridor, approximately 30 miles northwest of Washington, D.C.
Intergate.Ashburn will sit within close proximity of Dulles International Airport at the core of the booming Northern Virginia data center market, which is the second largest data center market on the East Coast; metropolitan New York tops the list.
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If you want to find some of the best mortgage deals youll find anywhere, look no further. Mortgage rates have trended down for the past two months, and are approaching their all-time lows. It is difficult to say if this trend will hold due to volatility across the world. The situation in Europe (in particular in Greece and Ireland) is uncertain, growth is slowing in China, and there has been a steady stream of bad economic news in the U.S. for weeks now. Predicting where rates will be weeks or months from now is largely a fools errand, so if you are looking to purchase a new home or refinance your current mortgage, it may be best to act before it is too late.
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