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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 ]
A commercial area is real estate intended for use by for-profit businesses, such as office complexes, shopping malls, service stations, bars and restaurants. It may be purchased outright by a developer for future projects or leased through a real estate broker. This type of property falls somewhere between residential and industrial property.
100 Commercial Road Leominster, Massachusetts: Opening date: 1967: Developer: Kimco Realty [1] Owner: Hull Property Group: No. of stores and services: 75: No. of anchor tenants: 4 (3 open, 1 vacant) Total retail floor area: 744,107 sq ft (69,129.8 m 2) No. of floors: 1 (closed 2nd floor in Gardner Outlet Furniture) Website ...
Heavy fabrication plant of SMI-Owen Steel $20 million [5] June 2011: Acquisition G.A.M. Steel Pty. Ltd of Australia Undisclosed [6] October 2013: Divestiture Howell Metal Company $58.5 million [7] October 2016: Acquisition Steel fabrication business of Associated Steel Workers, Limited (steel fabrication facility in Kapolei, Hawaii) Undisclosed [8]
President-elect Donald Trump had not been terribly successful in suing media organizations until this weekend when ABC News agreed to settle a closely-watched defamation case he brought against ...
Advertisement for mobile homes on the Florida Keys, June 1973. Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
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