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BAYOU CITY RETAIL MARKET STAYS STRONG |
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HOUSTON (Houston Chronicle) – While retailers nationwide suffer from the ailing economy, sales in Houston remain strong, thanks to new jobs and economic growth across all industry sectors, according to a retail report by Holliday Fenoglio Fowler. Even with the addition of almost 1.2 million sf of retail space, retail occupancy in the city was flat at the end of third quarter 2008, averaging 91 percent.
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HOME FINANCING STILL AVAILABLE IN ALAMO CITY |
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SAN ANTONIO (San Antonio Express-News) – Other cities may be experiencing home-financing woes, but mortgage brokers and Realtors in the Alamo City say there is little difference in the availability of financing for homebuyers. All that is required is a little more paperwork. |
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MERVYNS, LINENS 'N THINGS CLOSING |
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McALLEN (The Monitor) – Unable to cope with the struggling economy, California-based Mervyns and New Jersey–based Linens 'n Things have filed for bankruptcy and are now closing all of their stores nationwide. |
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Commercial Real Estate Still Strong |
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The business news currently written in the press isn’t all pessimism and negative reporting – in fact, there are encouraging articles being published about the economy and the current commercial real estate market conditions. Below is a compilation of some recent articles with a positive slant and helpful strategies that have run in nationwide media outlets. Small Deals Still Finding Funding Globest.com has an article about financing that states despite the notion that lending is frozen, there is actually lending money to be had, only for smaller deals. Although this article is specific to the D.C. market, this theory might extend beyond that region. According to the article, top projects are still attracting capital--even from beleaguered sources. Insurance companies, for instance, still have an appetite for real estate. HFF Senior Managing Director Bill Asbill is quoted saying "It takes top quality real estate and sponsors and they generally lend at lower leverage than we have had in the past, but they are still out there." -- Globest -- Smaller Deals More Likely To Draw Financing – October 17, 2008 |
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TOP 10 CITIES TO BUY A HOME |
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The current real estate crisis as have been portrayed by the media had made hunting for a home daunting, but the reality is that much of the sub-prime pain in the U.S. is isolated to specific spots littered with foreclosure signs, according to Forbes.com. According to the report about 40 of the country's largest metropolitan areas where examined to find cities where home prices have continued to appreciate over the last two years. Forbes also measured tightening vacancy rates. These metrics indicate places where buyers are investing in homes in order to settle, not just to make a quick buck. With lending tight, also factored in the spread between a monthly rent check and a mortgage payment. Cities with smaller spreads were given a higher score. |
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