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Working alongside engineer Steve Midgley, the two built LoopNet into the internet's largest commercial real estate listing service. LoopNet underwent three rounds of private venture capital financing in 1997 (Indo Suez), 1998 (Trinity Capital & Partners) [ 1 ] and $20 million in 1999 from fourT5 real estate brokers.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
Real estate research firm Green Street estimates about 150 enclosed malls have closed since 2008, leaving about 900 today. Empty booths fill the interior of a Red Lobster restaurant on May 20 ...
The vacant space once occupied by Los Cabos Cantina & Grill, Haddad's Downtown and Azteca Mexican Restaurant at 319 Main St. in downtown Peoria is up for sale or lease.
Northstar Commercial Partners is an American commercial real estate investment company headquartered in Denver, Colorado. Founded by Brian Watson in 2000, the company acquires distressed commercial real estate or vacant properties and rehabilitates them for lease or use.
Currently some vacant commercial properties get a 50% rates discount. There have been calls for that discount to be reduced to force landlords to either use the property or sell it to someone to can.
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