I'm sure that all of you readers can't wait for me to go off on my monthly tangents and voice my personal opinions, but every once in a while, I need to supply you loyal readers with some Commercial Real Estate facts, so here you go. Absorption: The square feet leased in a specific geographic area over a fixed period of time after deducting space vacated in the same area during the same period. *Vacancy: The total amount of available … [Read more...] about Commercial Real Estate
Commercial
Purchasing Downtown Commercial Properties
I don’t know if you have noticed lately, but Commercial Real Estate Investment is on its way back. Sure, there are still a few foreclosure stragglers out there keeping a lid on appraised values but once they are gone, look out above. Sellers of well located properties who have held strong on their asking prices may soon get paid for their patience in this psychologically driven market. I’m not saying we are going to be at 2006 levels anytime soon but you never know. What’s driving this … [Read more...] about Purchasing Downtown Commercial Properties
New Senior VP For Sunwest Bank
Sunwest Bank, one of the healthiest community banks in the Western Region of the United States, has hired leading Orange County banker Matt Rogers as Senior Vice President and Team Leader in the Commercial Banking group. Rogers will manage a team of lenders specializing in rediscount lines of credit for specialty finance companies, along with traditional commercial and industrial business lending. Rogers will be based in Sunwest’s Anaheim office, but will also work frequently with the … [Read more...] about New Senior VP For Sunwest Bank
New BBVA Compass City President Named
BBVA Compass announced that banking veteran Mike Sventek has been named Flagstaff city president. From his Flagstaff home base, Sventek will lead the market’s Commercial Banking team to support continued growth and development in the area, while also acting as the bank’s representative for various city and community organizations. Sventek replaces Andy Wykstra, who was recently named western regional director for Commercial Banking, relocating to Denver, Colo. “BBVA Compass is pleased to … [Read more...] about New BBVA Compass City President Named
