Latest News – Commercial Real Estate

Originally posted 2009-12-20 05:00:09. Republished by Blog Post Promoter

Commercial real estate news from around the blogosphere:

The Coming Crash in Commercial Real Estate The Still Report 11/1 …

The evidence is piling up that the coming commercial real estate crash will be an unwelcomed post-Christmas “gift” for America, which may have just as much impact as the residential real estate crash did. …

The Golden Truth: Commercial Real Estate Jingle Mail

We’ve seen some bullish declarations about the housing and commercial real estate market lately. The most recent coming from Bill Ackman, who runs Pershing Square Capital, a hedge fund with a successful track record. …

Investors.com – Medical Office Space Beats Commercial Real Estate Flu

Foreign investors are nudging a U.S. commercial real estate investment market deep in hibernation. But it will take more than that to rouse sales in a big way. Buyers from abroad are on pace to snap up some $2.5 billion in U.S. …

Good Thing the U.S. is Getting Into Commercial Real Estate

And commercial real estate loans extant are merely teetering and threatening to bring down the regional banking system, so adding a few million more square feet will just give the system a helpful shove into complete insolvency. …

Commercial Real Estate Market Sees Signs of Hope: Report

Heading into 2010, the state of the commercial real estate market may not be so gloom and doom. As the new year approaches, deterioration across the nation’s commercial property sectors is easing slightly, according to the latest …

Related articles in commercial real estate

• $1 trillion in commercial real estate to be refinanced (dailyfinance.com)
• Huge commercial real estate lender may file bankruptcy, heighten meltdown fears (dailyfinance.com)
• In commercial real estate market, buyers and sellers play the waiting game (dailyfinance.com)
• Real estate in your retirement portfolio (money.cnn.com)
• Will REITs Feast on Commercial Real Estate’s Victims? (time.com)

Changing Career Might Not be a Bad Idea

6 Top Tips for Finding Recession-Proof Jobs

Recession can be a very stubborn thing.  Once it drops by, it can take a while for it to fade away and disappear.  However, that doesn’t mean that we should simply sit back and let it overcome us.  It can, after all, wreck havoc on our finances and personal lives.  In these tough times, finding a job already seems improbable – just imagine being in the market for jobs that are not affected by recession.  But take heart.  There’s still hope yet.  Here are top 6 tips for finding recession-proof jobs:

Look for jobs in secure industries.
If you’ve read the news by now, trying to get a job in an auto plant is like trying to get on an elevator that’s going down – and you’re trying to go up.  The same is true if you’re trying to get a leg in real estate.

Instead of wasting your time trying to join an industry that’s experiencing some bad times, try to set your sights on industries that have remained stable or are experiencing growths.  These include:

- Health care (nursing, caregiving, special care, medicine, physical therapy and other support manpower)

- Law enforcement

- Information Technology (network administration, software design and development)

- Support Services (customer service, administrative assistance)

- Sales and business development (product management, retail and wholesale)

- Engineering

- Education (teaching, school administration and other related support services)

Boost your resume.

If an employer sees nothing promising or exciting in your resume, they won’t think twice about throwing your piece in the trash bin.  Before you try to hook a recession-proof job, consider revamping your resume right now.  Take a copy of your latest and review it.  If your resume is several months old, there’s a high likelihood that it needs a makeover.

Focus on accomplishments.

A common error among jobhunters is detailing their job descriptions in their resumes.  Although this is helpful in establishing their work experience, it may not always give the prospective employer a good idea of what you can do.  Emphasize on the results that you have produced instead.

Adapt your resume.

Typing out and printing a generic resume is a huge mistake.  Generic is average, which means that you have very little to help you stand out from the crowd.  If you want a recession-proof job, make sure your resume is something that your employers will find attractive.

Consider the industry you’re targeting.  If the job calls for someone who has a strong sales experience, emphasize your sales background.  If the job calls for someone who had been involved directly in marketing and promotions, show your qualifications in these departments.  The more relevant your resume says you are, the better you’ll be at landing a recession-proof job.

Expand your reach.

Other than advertised job vacancies, consider other venues for finding recession-proof jobs.  Look for trade magazines, papers, clubs and associations.  You could also tap your network of professionals in the same field.

Get further education.

In tough times, you ought to arm yourself with tougher credits.  One is by obtaining additional training or education.  Getting certified or expanding your professional qualifications will help make you a more desirable hiree.

Recession-proof jobs are usually the most popular among jobhunters who are probably considering the same strategies as you right now.  It’s likely that for every recession-proof job that is available out there, there are thousands of other jobhunters out to get it.  If you have better qualifications courtesy of better training and experience (in case you’ve had hands-on education or internship), you’ll come out as the best, most capable candidate.

Related articles

• Top 10 Recession-Proof Jobs (zerohedge.com)
• Why Writing Online Is a Recession Proof Job (cash-bandit.com)
• Recession Proof – 10 Hot Careers [Infographic] (famousbloggers.net)

Parkway Realty the Name to Remember When Leasing Office Space

Leasing office space can be a challenge if you do not plan.  Understanding what is the cost of the lease to not only you but to your potential clients is important to the sustainability of your company?  For instance, if the lease is $1000 a month, but you are not in the idea location for your clients to visit your location then the lease is useless, right?

The process of locating usable, accessible space is important to the success of your business, so hire a knowledgeable real estate agent.    Parkway Realty has such knowledgeable agents.    Not only does the company have knowledgeable agents, it philosophy is about “caring for its customers.”  The company prides itself own adding little touches to its properties such as, “flags, flowers,  and fixtures.”  These items give pride in ownership of  the establishment that your potential clients are visiting and it is the hope of Parkway Realty that it will cause you to continue leasing from the company.

Parkway Realty also provides the consumer with familiarity of market trends and prices in the potential areas that the consumer maybe looking to relocate or locate to.

The most important service that Parkway Realty provide is easy to follow lease agreements.    The latter is important because different office buildings may quote lease rates using different formats.  The formats may be:

• full service
• gross lease
• triple net lease
• modified gross lease
• percentage lease

No matter which lease is offered Parkway Realty offers a short concise version of the lease to make the leasing agreement as painless as possible.   Therefore, the next time your company is looking for office space to lease give Parkway Realty a try.

 

Tips to Not Allowing Your Fixer Upper to Be a Money Pit

If you decide to become a real estate investor some time in your career you will purchase a “fixer-upper”. In today market, you find a lot of homes will need some work before they are habitable. Often you will purchase these houses at a bargain price. However, it should be noted that not every house that is available for a low price is a bargain. Sometimes, people only find this out after doing a lot of work. You do not have to be one of these people if you adhere to these tips.

First you need to realize what a  “money pit” is.  It is  a house which looks like a bargain when you initially buy it, but when you soon realize the extent of the renovations that needs to be done before the property is habitable you realize that you will have to spend a lot of money.  If you are selling the property, you may not make a profit.  If you plan to live in the property, you’d  spend more on fixing it up than you purchase the property for.   Of course, by the time you have found this out, it’s already a little late.

Before buying a house which requires work, it is always advisable to have a inspection of the property by the contractor that does your rehab work.   If the contractor you have do the inspection of the potential property is an employee or subcontractor that you use you may save money on purchase a property that you will have to put a lot of money into to make it habitable.

Therefore, the biggest piece of advice is hiring a contractor before hand, check his reference, and have the contractor bid on small jobs to get a feel for cost and establish a working relationship before using the contractor in your real estate business on a regular basis.

 

Related articles

• Would You Buy a Fixer Upper? (casasugar.com)
• Ask the Reader – a Fixer Upper Home Or … (moneyning.com)
• Should you buy a fixer upper [infographic] (holykaw.alltop.com)

10 Surprising Ways to Get Money From the Government Involving Real Estate

If you purchased your home using a HUD/FHA insured mortgage, you may be able to get a refund on part of the insurance premium.

To qualify for the refund, you must have purchased your home after September 1, 1983.  You can not be in default on your mortgage.  You also must have paid on that mortgage for seven years.

You can search HUD’s website at http://www.hud.gov/refunds/index.cfm your name or case number to find out if you are due a refund or write:

US Department of Housing and Urban Development

Post Office Box 23699

Washington, DC 20026

or call

800-697-6967

Did you know that the government and more importantly the IRS gives 70% tax credit for an investor that invest and owns low income housing?  To file visit http://www.irs.gov/pub/irs-pdf/f8586.pdf.

The IRS requires that the owner files the claim as part of his or her business credit.    There are, however, special requires for the owner to qualify.  The owner must completed Form 8609, and it  must be filed with the owner’s Federal income tax return.   In addition, the owner must file the Form 8609 for each of the 15 taxable years of the compliance period.   If the owner fails to file the proper forms  the compensation received will be treated as a mathematical or clerical error.  Therefore, if you feel that you qualify please review the rules for Form 8609.  Once you have reviewed and complied with the requires of Form 8609 then file it as required.

Still yet, did you know that you can get a ten percent credit from the IRS for fixing up building buildings built before 1936?  You will need to meet the requires listed on Form 3468.

If you are adventurous, then why not fix up a historic building for a twenty percent credit.  Once again, you will use Form 3468.

How Does Personal Grants Support Real Estate Ventures?

If you are US citizen looking forward to buy or construct a house or invest in property and real estate business,  the US Government is a source to give your dreams a reality. Investment in the real estate includes offices, hotels, land, …

$15000 Free is Available From Obama Government Grants For New …

3. Up to $275000 in grant money to enter the real estate market. While many eyes are focused on the negative aspects of the current recession, the Obama government is ready to spend $1 trillion in the next year in government grants for …

<a href=”http://cheapflatslondon.com/investing-in-real-estate-with-government-grants”>Investing in Real Estate With Government Grants</a><p>Not all people interested in real estate know that there are grants for real estate especially from the state and federal government. Billions of dollars are available as grants and there are many ways to put this money in to good use. …</p><a href=”http://www.docstoc.com/docs/1024408/Government-Grants”>Government Grants</a><p>Elderly and More Free Money for Housing and Real Estate Ventures Additional Sources for Money to Fix Up Your Home Foundation Grants For Foreign Individuals Other Small Business Administration Offices Most Frequently Asked Questions …</p>

<a href=”http://www.realestaterama.com/2009/11/19/home-headquarters-receives-100000-grant-from-neighborworks-america-to-help-strengthen-auburn-and-binghamton-communities-ID06270.html”>Home Headquarters Receives $100000 Grant from NeighborWorks …</a><p>Washington, DC – November 19, 2009 – (RealEstateRama) — NeighborWorks America today announced that it awarded a special $100000 grant to Syracuse-based.</p>

<a href=”http://newyork.realestaterama.com/2009/11/19/home-headquarters-receives-100000-grant-from-neighborworks-america-to-help-strengthen-auburn-and-binghamton-communities-ID0916.html”>Home Headquarters Receives $100000 Grant from NeighborWorks …</a><p>Washington, DC – November 16, 2009 – (RealEstateRama) — NeighborWorks America today announced that it awarded a special $100000 grant to Syracuse-based Home HeadQuarters, Inc.,  a member of the national NeighborWorks network, …</p><a href=”http://www.erierealestateblogs.com/my_weblog/2009/10/grant-to-remove-lead-paint-from-homes.html”>Grant to remove lead paint from homes – Erie Real Estate</a><p>More than 200 property owners in Erie County will benefit from a new $4 million federal grant to control the hazards of lead paint in homes. It’s being run by the city of Erie — but the offer is open…</p>

<a href=”http://pennsylvania.realestaterama.com/2009/11/24/congressman-fattah-awards-844000-in-affordable-housing-grants-gaudenzia-newcourtland-new-directions-for-women-and-pec-receive-funding-ID0294.html”>Congressman Fattah Awards $844000 in Affordable Housing Grants …</a><p>Philadelphia, PA – November 24, 2009 – (RealEstateRama) — Congressman Chaka Fattah (PA-02) today announced the awarding of $844176 in grants from the Federal Home Loan Bank of Pittsburgh (FHLBank) to four new affordable housing projects …</p>