Commercial Real Estate Next Big Economical Crash

Originally posted 2009-08-21 05:00:18. Republished by Blog Post Promoter

Just when economists are forecasting the worst may be over, the commercial real estate market appears too headed for the same disaster that the residential real estate market was in a few months ago.

Maguire Properties, INC. is planning to default on several commercial buildings due to declining rental amounts and high vacancy. Maguire Properties, INC is one of the largest owners of office building in Southern California; therefore, the announcement from the company does have a big impact on the market. Maguire owes 1.06 billion dollars to credits and do not feel that it can make the money needed to pay back the loan.

This announcement also affected Maguire’s stock and it plummeted from $12 a share to $1 a share today.

Because Maguire is a major company that is forecasting and announcing record losses and possible foreclosure it is apparent that this will affect the stock market in a negative way.

Be on the look out for more commercial real estate companies announcing failures of their companies.

Real Estate in 2009

Originally posted 2010-01-02 05:00:19. Republished by Blog Post Promoter

The real estate market has experienced a lot of changes in 2009. Below are some of those changes from around the blogosphere:

Milwaukee Real Estate Summary for 2009

In 2009 there were 530 more sales or a 10.9% increase over the results from 2008. This year ther were a total of 5379 properties that sold. The months that showed the most improvement over 2008 performance were in Apirl, August, …

Irvine Housing Blog – Irvine Real Estate and Resale Homes – 2009 …

Since today is the final day of 2009, and the final day of this decade, I want to examine the biggest residential real estate news stories of 2009, and recap the biggest news story of the decade, the Great Housing Bubble. …

Real Estate Investing in 2009 And Beyond

Real Estate Investing It is likely that you think of a number of things when you hear the words real estate investing. (…)