ANDREW LITTLE GUEST COLUMNIST
Published: December 14, 2009
Commercial real estate is starving for credit Smart money continues to pile up on the sidelines, anxious to take advantage of bargain-basement pricing for broken commercial real estate loans.
Government policy, however, seems geared toward preventing breaks by letting bad loans go unrecognized on banks’ books in hopes that they will become good loans.
And despite Treasury extending the Troubled Asset Relief Program (TARP) for a year,
John B. Levy & Company Warns Commercial Real Estate Investors Against Making Decisions in Todays Market Based on the Recession of the Early 1990s
(Richmond, VA November 25, 2009) As embattled industries seek ways to regain their equilibrium in todays struggling economy, more than a few investors in the commercial real estate sector have turned their attention to the recession of the early 1990s, thinking that todays market is a repeat of what happened nearly two decades ago.
Richmond, VA, September 15, 2009 — Richmond-based John B. Levy & Company, Inc. is pleased to announce the completion of financing for the University Heights Apartments located in Charlottesville, Virginia. The property is a 419-unit apartment complex located in Charlottesville, Virginia. The apartments are spread out over more than 15 acres in 37 different buildings. The City of Charlottesville is one of the few in the state with a triple-A Bond rating from both Moody’s and Standard &
$6,500,000 MILLION FINANCING SECURED FOR MIXED-USE CONSTRUCTION PROJECT IN DOWNTOWN RICHMOND, VIRGINIA
Richmond, VA, October 15, 2009 — Richmond-based John B. Levy & Company, Inc. is pleased to announce the completion of financing for the Haxall Building located in downtown Richmond, Virginia. The property is located just a short walk from the James River and the eastern continuation of the canal walk. The three buildings that comprise Haxall View were originally a cafeteria and part of the cigar manufacturing department of the Edgeworth Tobacco warehouse complex.