Sale of 4255 Emerson Street

JACKSONVILLE - June 3, 2009 - Alex Evans and Joe Scavetto recently represented the Lewis B. Brantley Trust on the sale of 4255 Emerson Street. Chris Gremley, with NAI Commercial Jacksonville, represented the buyer, Stan Weaver & Company, which is a premier manufacturers' representative for HVAC products in Florida. The facility will be the new location for their Jacksonville operation.

Saudis Encouraged to Buy US Commercial Real Estate

I stumbled across this story online in the most random of places -

It seems encouraging to me that US residents seem to think that real estate values are in trouble, but internationally people are being encouraged to to invest in our Commercial Real Estate?

JEDDAH, Saudi Arabia – May 26, 2009 – The benefits of investing in the U.S. real estate sector were in focus at a seminar held in Jeddah on Tuesday night. “The U.S. real estate sector has become an attractive buy for investors in Saudi Arabia and Gulf, in the context of the recent developments brought about by global economic downturn and weak U.S. currency,” Robert Koch, founder and chairman of the Florida-based Fugleberg Koch Inc., told a meeting attended by a large number of investors at Laylaty hall. Click HERE for More...

Some Positive News Concerning Commercial Real Esate

WASHINGTON – May 19, 2009 – Commercial real estate is still in the early stages of a downturn, but the picture could brighten by the middle of 2010, NAR Chief Economist Lawrence Yun told attendees of the REALTORS® Midyear Legislative Meetings Thursday.

Credit markets seized up almost entirely in the days after Lehmann Brothers collapsed in September 2008 as lenders shifted to survival mode, Yun said. The economy has since shown signs of stabilizing, but credit availability for commercial real estate remains frozen.

The volume of commercial mortgage-backed security (CMBS) issuances so far in 2009 is essentially zero, Yun said, compared to just two years ago when $230 billion in loans were securitized. Continue Reading Here

Why Invest in Daytona Beach Commercial Real Estate Now?

by Tim Davis

So you own a television and a computer - and every time you turn one or both of them on, they instantly spew forth ideas that you should sit tight and keep leasing space for your business. Vacancy rates are on the rise, rents are dropping, banks are foreclosing on properties, distress sales are on the rise still, etc, etc. Well maybe your computer doesn’t “spew” this info - but your fax machine probably does.

The basic point is in order to by in business, you have to have space to conduct that business. Like it or not, you unless you are drop shipping infant toys you sell on ebay, you most likely need a traditional space to operate your business. This could be an office, read the rest of this entry here