Please take a moment to view this short video showcasing some of the highlights from the 2010 Sperry Van Ness State of the Union Address. All the best for the remainder of 2010! Miguel
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Banks were frozen solid in 2008 and 2009. It was a virtual ice age with no lending, no loan workouts and no selling of the troubled assets. Everything was just frozen. In an economy based on credit and moving money around, it had devastating consequences. While distressed asset sales surely mean unpleasant stress to the property owner(a topic for another time), there IS a positive outlook!
Filed under: commercial real estate, Uncategorized | Tagged: "bank failures", "lease rates", "lock in", "new construction", "occupancy levels", "office orlando", "office space orlando", "population growth", "real estate orlando", bank, commercial real estate, Commercial real estate lake mary, debt, distressed assets, FDIC, high speed rail, Miguel de Arcos, miguel dearcos orlando, orlando, real estate, real estate recovery, reo, short sales, sperry van ness, vacancy | Leave a Comment »
