2007 Down Town Re-vitalization Thoughts

Urban flight and the move of the middle class to the suburbs has changed the dynamics of the way Americans live, work and play. It has also changed our downtowns forever. Additionally, in many small towns where factories have closed nearby and manufacturing jobs have headed for foreign shores we see the downtown areas is boarded up. The sight of this and the closures of small business is enough to make your eyes water. In larger cities much of the middle class has moved out to the suburbs to get away from the crime and the inner city and some of that crime moves with it. Having studied in downtown revitalization while traveling around the nation to every city over 10,000 in population over the last five years it has become quite evident to me that many downtown areas are re-building and people are coming back to the city to spend money, be entertained and some to live. This is allowing more money flows into the plighted areas and jobs for those who desperately need them. Along with the spending comes more sales tax revenues, more city services and a strong road to economic recovery and downtown re-vitalization.

Of course with all this said, there is still lots of work to be done and many towns still need help with their downtown revitalization project and it will take local help, economic development networking and money to do it. Indeed it can be done in your city, as it has been done in thousands of cities across America. In this book we will discuss some successes across America and strategies to help you take back your downtown area, eliminate crime, bring back the businesses and the people to a more bright future like the song by Petula Clark; Downtown As a small businessperson eventually turned Found of a Franchising Company, I have had the opportunity to set up franchise territories covering some 450 cities, 110 markets, 23 states and four countries.

After retirement, I have traveled to all 50 states and been to every city in the US over 10,000 population and what I have seen is both truly remarkable and at times very upsetting, yet in doing this I gained a much better understanding of the issues, challenges and solutions and thus have written this book. I thank you for reading all my articles on urban planning, civilization and downtown revitalization and my 100s of ideas, concepts and designs, as it is something very dear to my heart. If you are currently involved in downtown revitalization in your city or have completed you down town project I would love to hear from you, and again thank you for reading my articles. Perhaps this article is of interest to propel thought in 2007?

“Lance Winslow” - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington

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Posted on Sep 30, 2008 in Commercial Properties | Comments Off


How To Get A Commercial Mortgage Today

A loan in which real estate is used as collateral - a guarantee that the loan will be repaid and on time - is usually called a commercial mortgage. While it is much like a residential mortgage, the difference is simply that the collateral and the building purchased with the mortgage is used for commercial rather than residential purposes.

A loan would be considered a commercial mortgage if, for instance, an entrepreneur were moving from his home office to a storefront retail, office or warehouse location due to the growth of her business.

If, however, she simply wanted to expand her home office by another few feet and needed a mortgage loan to do so that loan would probably be considered a residential rather than commercial mortgage.

Another difference between a commercial mortgage and a residential mortgage is how the financial institution looks at the ability to pay the loan. The okay for a residential mortgage, as well as the rate, are determined by the borrowers financial situation - her or his credit history, and current ability to repay the debt.

When considering a commercial mortgage, however, a lender would look at the value and quality of the property being purchased by way of that commercial mortgage, and its ability to bring in revenue.

Rental property in a market that is glutted would be looked on less favorably even when the borrower has sterling credit than a mortgage for commercial rental property in a town that has a scarcity of rentals and people moving in all the time.

Even if the borrower had less than perfect or even some bad credit, he or she would be favored over that person with perfect credit in the town that doesnt bode well for full rental occupancy.

Commercial mortgage loans are charged a considerably higher rate of interest than are residential mortgage loans. These are nearly always fixed rate loans, however, which means that that borrower pays the same interest rate throughout the life of the loan.

There are some capped or variable rate commercial mortgage loans, but theyre not in the majority.

If you are an experienced home owner and mortgage borrower that is just setting out to secure a commercial mortgage for the first time you may be unpleasantly by how much more complicated and time consuming the commercial mortgage process is than its residential counterpart.

That is because the legislated guidelines require lenders to rely on the propertys stability and income history as a means of determining its potential for future profit. It is only after this revenue potential has been determined to be promising that the credit history, financial strength and assets of the commercial borrower are even looked at.

The commercial mortgage application is extensive enough that youll probably benefit from working with a commercial mortgage broker. Youll probably have to provide financial history about the property and your own situation for the last two years.

The format in which this information must be provided is generally quite strict and an experienced and knowledgeable mortgage broker will get you past these commercial mortgage hurdles and on your way to a great fixed or variable rate commercial property mortgage.

James Copper is a commercial mortgage consultant for CommercialFinanceSpecialists.co.uk.

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Micro Markets to Drive Bangalore Real Estate

Sustaining the demand from IT and ITeS industry, Bangalore real estate at Bannerghatta Road and Outer Ring Road (ORR) has reportedly emerged up as the most active property market of Bangalore.

Similar are the trends at Whitefield. After facing a fall in the corporate interest, real estate market in this area is slowly catching up as the infrastructure and connectivity in and around the place is improving with availability of transportation means.

According to sources, almost every company planning to set up its centre in Bangalore is giving these areas a serious thought, and the supply side too is keeping in pace with that. Extensive construction activities are visible all across these areas and real estate developers here are all positive about the commercial viability of building Grade A office buildings.

Interestingly, the demand in these particular areas is pretty upbeat at the time when the Central Business District (CBD) location like MG Road is deemed as an overheated property market.

“Office rental in Bangalore has been at sky high, as far as CBD and other prime commercial locations are concerned and the demand level has been gradually going down. But that does not really mean that the market is slackening,” says a Bangalore based property agent.

He added that the in reality the demand is actually shifting towards the emerging commercial centres, where the property prices and rentals are comparatively lower.

Market experts also point out that the property values in CBD locations are bound to remain at prohibited levels since the vacancy rates are even lower than 3-per cent, and in this case the availability of office spaces is really not there.

On the other side, the supply side at the micro markets is conducive for the business conglomerates, scouting for new office spaces. As per an estimate, about 14 million sq. ft of office space will be added in the Bangalore commercial properties, by the end of year 2007.

As per industry reports, the first quarter of the year got about 2.5 million sq. ft of commercial space.

For more details on Bangalore Property Prices, log on to http://www.magicbricks.com

For more information on Kolkata Property Prices visit magicbricks.com, here you can also know about Gurgaon Properties.

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Posted on Sep 29, 2008 in Commercial Properties | Comments Off


Searching for Real Estate Properties at Dubai Marina

As evident from the name itself, Dubai Marina is a district located in the heart of Dubai. The first stage of Dubai Marina has been completed while the remaining work is in progress at a fast pace. The best part about Dubai Marina is that it is completely man-made. Statistically speaking, it contains more than 200 high-rise buildings and some super tall skyscrapers such as Dubai Marina Towers, The Princess Tower and Marina Terrace. Searching for real estate properties in Dubai Marina is very easy. Internet can help you immensely in this regard. There are hundreds of portals dedicated to Dubai real estate market where you can find all the information regarding real estate properties at Dubai Marina.

There are many website, which not only gives you detailed information regarding properties at Dubai Marina but also offers you valuable tips in terms of buying, selling and renting properties. Research is the keyword when investing in Dubai Real Estate. Therefore, it is of paramount importance that you collect as much information as you can from different kinds of sources before making any decision.

Apart from the internet, you can also search for real estate properties at Dubai Marina with help of real estate agents and real estate property advisors. But before you take the services of these individuals, make sure that they are authentic and do not charge you hefty fee without rendering proper services.

Also take into account the experience of real estate agents when hiring them for searching real estate properties at Dubai Marina.
Elite Residence

Features:

 State-of-the-Art Business Center
 Luxurious Hotel
 Well Equipped Gym and Health SPA
 Indoor and outdoor swimming pools
 Comprehensive entertainment Facilities
 Childrens Nursery and Day care Center
 Staff Services
 Free intercom and space channels
 Shops, luxurious entrance and a huge five-star lobby

Located at the heart of Dubai Marina, Elite Residence offers luxurious 1 and 2 bedroom apartments, 3 and 4 bedroom penthouses. Elite Residence project will be completed by 2010.

Sophia K is the webmaster for Dubai Real Estate Property Advice website, which provides you with the information about Dubai real estate and property markets advice to enable you to decide what to buy and where to invest sensibly in real estate property markets in Dubai, UAE region.

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Chennai Real Estate - Investors to Come Into Picture

It is largely the end-user segment that drives the Chennai real estate market. However, the scenario is changing fast. Investors have also started taking interest in the markets and developers have also started projecting their properties as investment tools.

The entry of the several financial giants in the local market of Chennai, like the Government Investment Corporation of Singapore, has resulted in rise in real estate values all across the city.

Establishment of IT companies, educational institutions and hospitals in the sub urban areas of the city have further opened the channels of investment.

The old Mahabalipuram which is known a IT corridor is also seeing a new face. This six-lane highway stretching 20 kms is home to many MNCs who are setting up operations here. Price of residential land in the Guindy and Ambattur are also escalating.

In the office space segment, areas such as Poes Garden, RA Puram and Harrington Road have witnessed a rise of 25-100 per cent in capital values, in the past three years.

The reason why Chennai is attracting all the attention of the domestic and international investors is lower operational cost, availability of land, skilled manpower and low cost of accommodation.

Rental and capital values have also shown an upswing. Property builders have entered into joint ventures to launch mega-size projects. For instance, Chennai-based Sabari Foundation is developing a project, which will cost Rs 180 crore.

Pragnya, a private equity fund, is to launch a $150 million fund “Pragnya Fund 2″ focussed on real estate and hospitality projects in South India.

The pace of real estate development in Chennai is quick and extensive and a number of realty majors both national and global are making their investment in the city to feed in the growing demand by IT professionals.

For more details on Chennai Real Estate, log on to http://www.magicbricks.com

George Gonigal provides you the best and latest information on Chennai Real Estate Developers, If you want to Buy Apartments in Chennai, he suggests you log on to http://www.magicbricks.com

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Property Market In Dubai - Will The Prices Keep Climbing?

The ever growing demand for prime property has also engulfed the emirates and in the last few years, prime locations in the emirates like Dubai have seen a real estate boom. Considering that Dubai was a highly competitive but low priced market, this real estate boom is the last thing that the government wants. A lot of experts feel that Dubai is heading pretty much the same way where some of the Asian markets have headed in the past, towards overpricing. The reason for this is pretty simple. There is not enough supply to meet the demand in Dubai.

Post 2002:-

In May 2002 the crown Prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoom made a stunning announcement which shook the foundations of the real estate market in Dubai. This allowed foreigners to buy freehold property in Dubai. What this did was that it opened new avenues and the market immediately boomed. The tax benefits, business advantages, the continuous rising demand and the lack of supply have also contributed to the steady rise in property prices in Dubai.

The Population:-

Along with the above mentioned factors one should not forget that Dubai is one of the fastest growing populations in the world. The prosperity of the city and the strong trading tradition are also adding to the demand for property. This in turn is increasing the pressure on rental demand and the prices for property. Many experts consider this to be one of the safest markets ever to venture into.

Curbing the rise:-

There is only one simple way to curb the rising graph for property prices in Dubai and that is to increase the supply. The government seems to have hit bulls-eye this time and has announced a lot of massive projects that will ensure that the market is well supplied for a lot of time to come. The Dubai waterfront mini city near Jebel Ali, the 250 tower Dubai Business Bay are some of the prime properties coming up in Dubai. These will surely curb the rise and prevent capital values from going too high for some time. But once again, the problem is that there is a lot of time for these projects to be completed and delivered and till that time, the demand will increase manifold.

Where is it headed?

The government has announced and is working towards making Dubai a safe market where money can be invested with a long term goal. It does not want Dubai to become a market dominated by housing options that can swing either way any time. Hence there are continuous and dedicated efforts to keep the supply in line with the demand. There are also talks to price the short term speculators out and to encourage long term investment. Most experts are waiting for the demand and supply to top out and for a market correction to happen which should set the prices right. If you are planning to take the plunge into the real estate market in Dubai, then this might not be the right time. Wait for the prices to go down or if you are a risk taking person then you can perhaps venture into the real market in Dubai but making sure not to put all your eggs in one basket.

William King is the director of Drop shipping & Wholesale Dropshippers Directory, Pakistani Property & Pakistan Real Estate Portal, and Dubai Property & UAE Property & Dubai Real Estate Portal. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

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Delhi Real Estate - Knowing Jhandewalan

From corporate houses to local residents, everyone feels that provision of metro has brought Jhandewalan real estate in the limelight. Another reason for the growth of this part of Delhi has been the recent MCD sealing drive across the city. The sealing drive led to the closure of many illegal office premises which forced the occupant to rush to legal buildings such as the Videocon Tower.

As far as entertainment is concerned there are no movie halls in Jhandewalan. The movie hall in Paharganj caters to the need of Jhandewalan and nearly all the entertainment and retail needs of the area are met by Paharganj, Patel Nagar and Karol Bagh.

Jhandewalan Main

Coming up of Videocon Towers in Jhandewalan-Delhi has been the single-largest factor in the development of the area. Earlier to Videocon Towers there were only 2-3 shops in the area and most of the space was occupied by shanties all around.

After the entry of tower major companies, more number of people entered the market, and an impact was there in the form of rising property values. This office complex which has become a landmark in itself has many offices within it. However, contradictory views are also there over these developments and some people do believe that the complex has not been very significant for the image makeover for the area as a whole.

Residential set up

The Jhandewalan main or the factory area has residential blocks from A to F, but there are no residents in factory area. In the extension area, there are houses on 1st and 2nd floor. The values of the plots are in tune of Rs. one lakh per sq. yd.

Videocon Towers has benefited the commercial property market in a tremendous way and the prices have nearly doubled since 1999, the year it was established. However, there is no demand for residential plots in the area at present although the commercial property values are increasing day by day. With this it would not be profitable to buy a residential plot, experts say.

For more details on Delhi Properties, log on to magicbricks.com

George Gonigal provides you the best and latest information on Delhi Real Estate Builders, If you want to Delhi Real Estate Agents, he suggests you log on to magicbricks.com

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Posted on Sep 23, 2008 in Commercial Properties | Comments Off


Commercial Real Estate Investing - How to Increase the Sale Price of Any Building

The main value indicator of commercial real estate is based on how much net income it produces. The key word in this statement is net income. An investor is not looking for revenue of $25,000 in rent each month only to find that the expenses amount to $30,000 this is just a money-losing property. A buyer is looking for a property with a solid income and a good rate of return. Increasing the net income of a commercial property can be achieved in two main ways.

Increase Rent

The most obvious way to increase the value of a commercial property is to increase the base rent of each unit. Of course, this does not make a landlord a well-liked individual; however, one does not need to add sharp increases to add significant value to the property.

Take for example a 10 unit apartment building with rent set at $800 per unit per month. With a total rent of approximately $8,000 per month or $96,000 per year and expenses at $65,000 per year, the net income would be approximately $31,000 per year. Based on a 9% expected return on investment (ROI) this property would be worth $344,444 to a buyer. If the rent on each unit can be raised by only 2.5% ($20) the net income would rise to $33,400 and the building would now be worth $371,111. Thats a $26,666 increase in value for only $20 per month!

While the rents are the easiest place to add both cash flow and value to a building, this is not always the best option. By raising rents a landlord will run the risk of having people leave the building, thus creating vacancies in the process a key consideration in any rental market.

Decrease Expenses

Another great way to increase property value, and does not directly affect the tenants, is to decrease monthly expenses. This is an often-overlooked item because it is much harder to accomplish than simply writing a rent adjustment letter and distributing it throughout the building. Decreasing costs should be an ongoing duty of the property manager and building owner.

To begin this option, utilize the help of a Certified Professional Accountant. A professional accountant can usually uncover additional ways to successful cut costs, taxes and fees in your operation. They will also help you look at all outgoing expenses and determine which could be reduced or eliminated.

Reduced Expenses: these may include utility invoices (reduce water and electrical consumption in public areas), cleaning (outsource to the lowest qualified bidder) and advertising costs (ask for referrals from good tenants)

Eliminated Expenses: gas or heating costs (write these as owner responsibility), yard maintenance (remove grass and add decorative stone) and energy (eliminate free electrical outlets for parking)

Final Thoughts

The wealth that can be generated by commercial real estate is almost limitless. Over time, having the ability to increase the net income from a property will result in a much higher value and sale price when the time comes. By using different techniques to either increase revenue generated from the property or reduce expenses, these small changes will lead to much larger sale prices.

Did you find these tips on Commercial Real Estate Investing helpful? You can learn more about making money with real estate by visiting http://www.lewisempire.com.

You can also receive a regular posting updates for making money online and leave comments about current topics with the RSS feed.

Lewis is an Author and Real Estate expert with years of experience, research and training in Real Estate Investing, Wealth Creation and Goal Setting. Dynamic, intelligent and exciting, Lewis holds a bachelor of commerce degree and experience in Consultative Sales, Web Development, Internet Marketing and Business Start-ups.

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Posted on Sep 23, 2008 in Commercial Properties | Comments Off


The Commercial Real Estate Market in Florida

Florida has a lot of things to offer. It actually plays as a run away paradise for tourists and visitors because of its beauty.

Florida has many beaches get away ideas. And there are heaps of recreation to take advantage with such boating, skiing, dock to yacht, and the like. Having all this makes tourists to be attracted to take advantage its privileges.

Commercial real estate in Florida for shopping malls is considering an alteration for the adapting the needs of the present day shopper. Florida commercial real estate re-sales are rising. Those you are raring to buy real estate come from minority groups such as Latin Americans and Asians.

A new concept in Florida real estate is the Open-air commercial real estate, which is taking charge lately. Enclosed malls are gradually surrendering their control to open air centers. Since open air centers has a lot more features and space to offer than traditional walled mall.

Adaptation and redevelopment are actually the key ways to increase in commercial real estate business in Florida. Since people are usually looking for convenience and ambience, and Florida have these factors to offer.

Now, if you are searching for commercial real estate property in Florida, it is better for you to distinguish what kind of business you wanted to be into, and your preferred location. There is varying of array of commercial properties that you can consider, from office space to retail establishments.

Whatever commercial property you are looking and interested to, there are lot of categories of real estate properties to consider so limit down your search. Retail properties, is one category to consider, which covers shopping centers and malls, franchise locations, chain store sites, showrooms, retail sites and shops.

Office buildings, business parks, commercial rental properties, residential developments and net leased properties are investment properties. Industrial parks, resort properties, waterfront property and land tracts fall under land brokerages category. And there are also high-tech property areas which particularly for research and development parks, medical laboratories, and call centers.

Hotel and resort properties category covers hotels, convention centers, stadiums, motels and theme park sites. Distribution and industrial properties category covers warehouses, factory sites, airports, distribution facilities and mills.

Amidst of high prices, Florida is usually an attractive and popular place to start business. Hillsborough, Pasco and Pinellas Counties in Tampa Bay; Fort Myers and Cape Coral area in Southwest Florida; Martin, Miami-Dade, Broward, St.Lucie and Palm Beach Counties in South Florida; Sarasota and Manatee Counties in Sarasota; Duval, Clay, Putnam and Nassau Counties in Jacksonville/Northeast Florida; Orange, Seminole, Lake, Polk, Osceola and West Volusia Counties in Orlando / Central Florida and Leon, Franklin, Jefferson & Wakulla Counties in the Tallahassee area are all the place you can look up to choose which interest you the most.

Whatever places in Florida you can choose from to make an investment, you will definitely not regret it. Since Florida has the best commercial real estate to offer, all you have to do is choose which property you are interested to invest with. Florida is certainly known to be a good location for business.

Article Author Eliza Maledevic from Jump2top.com, a SEO Company.Know more about Florida Real Estate at
http://siestakeyrealestate.com & http://floridamortgagebroker.us

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Posted on Sep 22, 2008 in Commercial Properties | Comments Off


How New Office Furniture Can Make The Most Of Your Office Space

These days there is a plethora of TV programs and magazines imploring us to give our homes and gardens a makeover. This passion to improve our personal living space is not generally transferred to our places of work where many of us spend a considerable part of our lives sitting at a desk.

A well designed office furniture layout can boost both productivity and morale in addition to giving a better impression of a company to any external visitors. The costs involved in refitting an office are usually very modest when compared to the ongoing operating costs of salaries, rent, business rates and taxes and yet many companies are just too busy with day to day business operations to fully consider the benefits and potential return on investment. Office furniture and office layout often only comes under management focus when new employees start or when a business relocates or expands into new premises.

Once a decision has been made to refit an office consideration needs to be given to all important design. Key factors are how many people are to be accommodated, how much space is available and how much storage each team or person requires. The design then needs to be planned around the job function to be performed, for example an IT systems development team may have very different needs to a busy sales office where the phones are ringing off the hooks and background office noise pollution is a significant issue.

Where people are constantly on the phone it is often better for desks to be facing into walls or internal free standing screens so that individual telephone conversations become more private thus reducing overall office noise pollution levels. Where close team collaboration is needed desks are often better positioned back to back or in clusters so that team members are facing each other, though some privacy can still be offered by the use of low desk top screens.

Large open plan offices can be divided into smaller areas by the strategic positioning of storage cupboards, bookcases, filing cabinets and free standing screens which can avoid the need to install expensive physical partitioning systems. The use of breakout areas to de-stress and hold informal meetings is becoming very popular in larger corporate businesses to keep both staff and the Health and Safety Officer happy.

With so many benefits to be gained isnt it time to think about refitting your office?

Find great Office Furniture at http://deskshop.co.uk

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Posted on Sep 22, 2008 in Commercial Properties | Comments Off