LoopNews: Your Commercial Real Estate Newsletter LoopNet, Inc.
LoopNews: Your Commercial Real Estate Newsletter
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In The Loop

Industrious Broker Closes Deals
Faced with selling a multi-million dollar industrial property listing, Bryant Lafferty of Re/Max Connection in Marlton, NJ posted the listing on LoopNet. Lafferty, a Premium Member for more than 5 years, was confident that LoopNet would help him sell the property. The 43,000 sq ft complex on 2 acres was 100% occupied and had strong financials that Lafferty included in his detailed listing along with several property photos. "The out-of-state buyer was looking for a 1031 exchange and had only 10 days left to find a new property," said Lafferty. "We met at the property shortly after he saw the property on LoopNet and he submitted an offer that night! Thanks LoopNet for helping me close many deals!"

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Top Commercial Real Estate News
June 05, 2008 - June 11, 2008
Provided by Commercial Real Estate Direct

NYC Rent-Stabilized Apartment Supply Drops
The number of rent-stabilized apartments in New York City fell by 4% in 2007, to 836,004 units, according to the state Division of Housing and Community Renewal. Meanwhile, state officials have reported a 31% increase in the number of complaints registered by tenants about landlord harassment, to 344 this year. Read Full Story

Broward County Industrial Vacancy Increases
The vacancy rate for industrial space in Broward County, FL rose 100 basis points to 5.4% in Q1. A housing industry decline has thwarted demand for the market's big-box warehouse space used by suppliers to the home improvement and construction industries markets. Read Full Story

Ground to Break on Cedar Park Events Center
Ground is set to break this week on a $55 million events center in the Cedar Park, TX. The Cedar Park Events Center project is slated to have a 181,000 sf indoor event center, as well as a 16-acre mixed-use project with 91,000 sf of retail space and 91,000 sf of added commercial space. Read Full Story

Investment Venture has $1B of Equity
Eastern Real Estate and Highfields Capital Management have formed an opportunistic commercial real estate investment venture with $1 billion of equity. The vehicle is targeting debt and equity investments held by financial institutions that are seeking to increase their liquidity and to provide alternatives to clients who are "capital-constrained." The venture will also make preferred equity investments, and is targeting debt and equity investments held by financial institutions. Read Full Story

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Want Ad C-Corp Sellers Wanted: Investor groups looking to buy properties owned by U.S. C-corp entity. All types of property considered. Brokers/advisors protected & welcome.   Contact Me space
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Want Ad MTN, BG, & CMO Investors Wanted: MTNs, Managed Buy/Sell platform, BGs, & CMOs available. Programs ranging 100M - 500M. We are direct to the bank. No broker chains.   Contact Me space
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Want Ad 1031 Investors Wanted: A Deferred Sales Trust is an alternative to a 1031ex. IRS compliant, defers capital gains tax, adds flexibility to 45 day & 180 day constraints.   Contact Me space
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Need Help Determining the Value of a Property?

Do you have a property that you're not quite sure how to price? Or are you interested in a property but want to make sure you're getting a good price? If so, Q1 LoopNet Investment Market Reports can help you by providing you with the values of recently sold properties. Reports include the following data from Q1 2008:
  • Cap rates & prices by property type
  • Regional & national comparisons
  • Investor composition & trends
  • Recent transactions greater than $2.5 million
For more information and the list of available markets, visit www.LoopNet.com/MarketReports.

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