Texas, as a whole, is doing better than the rest of the country in the world of commercial real estate.....so take a look at these facts from the DBJ. Look here for the full article.
Commercial property foreclosures in North Texas have climbed 63 percent so far this year, with land and apartment complexes among the hardest hit.
So far in 2010, 1,393 foreclosure postings were filed on commercial properties in Dallas, Tarrant, Collin and Denton Counties. This compares to 857 for the same period last year, according to Addison-based Foreclosure Listing Service.
The number of postings for land jumped 73 percent to 311, and apartment postings jumped 44 percent to 191. Office building postings increased 21 percent to 116. Postings for miscellaneous commercial buildings -- which include restaurants, hotels, auto dealerships and funeral homes -- surged a whopping 139 percent, to 596.
Core Ventures, LLC capitalizes distressed multi-family and other commercial real estate assets. If you are an owner or lender that needs liquidity to consummate a transaction, please contact Core Ventures for more details.
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