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Posts tagged "Commercial Real Estate"

Minnesota real estate developers must react to constant change

Earlier this month, the Federal Reserve System's Board of Governors, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued a joint warning that banks are weakening underwriting on commercial real estate loans. According to the regulators, some banks are allowing more underwriting exceptions and are not sufficiently monitoring market conditions. These regulators said that they will increase their scrutiny of lenders and may request banks to strengthen their underwriting standards, raise capital or better monitor their loans.

Real Estate requires a scorecard

Commercial real estate transactions are not limited to drafting a purchase agreement and signing a sales contract with sellers and purchasers. Profitable and legal use of real estate includes numerous players in several venues. Any of these actors may stop progress on a commercial venture or even stop it from beginning.

Minnesota Wild facility to be constructed

Minnesota cities have to keep up with changing commerce that can decimate a real estate market, urban growth and property values. Downtown St. Paul, for example, once had eight department stores and lost the last remaining Macy's Department Store in early 2013. Following Macy's closing, there were plans to develop the site as a giant parking ramp with office space for the Minnesota Sex Offender Treatment Program.

Stadium dispute concerns construction industry

In Minnesota, private negotiations are normally utilized to resolve disputes over routine changes required to complete a construction project. However, the construction industry is concerned over implementation of mediation to settle a dispute over $15 million in change orders for construction of the new Viking Stadium in the Twin Cities.

Real estate dispute at Burj Khalifa causing issues

Imagine living in an elegant tower: a beautiful living room that overlooks an entire city. You can see the sun rise and set in all of its glorious. It would be a fantastic living situation, wouldn't it? Well, so long as you're not afraid of heights.

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