ARCHIVE - Tag: Commercial Mortgages
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

While not as creepy or invasive as the technology that helped Joaquin Phoenix develop a relationship with a computer in Spike Jonze’s 2013 artificial intelligence movie “Her,” technology has become important to the commercial real estate industry.

In addition to virtual deal rooms and Google maps, one great advancement for commercial real estate transactions is the online auction.


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

It is unlikely that Archie Bell & the Drells was referring to office space when the band recorded its chart-topping hit “Tighten Up” in 1967, but the market is getting tighter for growing tenants trying to find office space in many cities, including Richmond.

Only six Class A buildings and three Class B buildings in the Central Business District of Richmond have greater than 20,000 square feet of space available today,


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Curtis Mayfield and The Impressions could have been talking to the Richmond area’s commercial real estate industry in the band’s 1965 hit “People Get Ready” in reference to the huge industrial development renaissance taking place in the region.

It makes sense for city and county planners to get on board and embrace the new developments, which can add to and help balance tax assessment bases.


Andy Little

Several lenders have lower production goals for 2018 compared with 2017, but they are the exception — most are trying to grow their loan portfolios and know they will have to either compete on price, leverage or with creativity.


As demonstrated at the 2018 Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing conference, CRE investing and lending is open for business and is looking for deals that make sense and can provide a fair return.