ARCHIVE - Tag: Commercial Real Estate
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Canadian rapper Drake could have been referring to the hotel industry over the past eight years in his song “Started from the bottom, now we’re here.”

More than 19 percent of the loans secured by hotels in June 2010 were delinquent or had been foreclosed upon and were still being held by special servicers. Hotels were the worst-performing loans by far back then.


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.


Richmond, Va. May 22, 2018 – John B. Levy & Company has released the Giliberto-Levy Monitor for the first quarter of 2018, with insight into commercial mortgage investments that posted -0.38 percent total return for the period.

Noting that rising treasury yields drove the slightly negative total return, the report also highlighted that income return at 1.08 percent was unchanged from the prior quarter, while capital values declined by 1.46 percent. Over the last four quarters,


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.