Gilbert Restaurant for Auction

Nice, fully-equipped restaurant for auction...

The former GrainBelt GrillHouse in downtown Gilbert is heading to auction Jan. 11, and 15 to 20 serious buyers, many of them restaurateurs, are reportedly gunning for the building. [...more...]

Proposed Tax Change for Real Estate Partnerships Has Investors Seeing Red

Commercial real estate groups contend that the Tax Extenders Act of 2009 (HR 4213) would more than double the taxes on carried interest received by general partners in real estate partnerships because the carried interest would no longer be taxed as capital gains at 15%, but as ordinary income with rates as high as 35%.[...more...]

FDIC’s Recommendations for Commercial Real Estate Loans Begin to Ease Borrowers’ Woes

The FDIC recommendations might prove helpful because today a large number of defaults in the commercial real estate sector are due to an overall decline in property values, rather than to missed debt payments or bankruptcy situations, says Suzanne Mulvee, senior real estate economist with Property & Portfolio Research (PPR), a Boston-based real estate research firm. That means that in many cases, a two- or three-year extension might save borrowers from defaults and lenders from having to recognize large losses. [...more...]