Integra Realty Resources March news: Old GM properties sit empty and major U.S. markets attract foreign investment
Apr 11, 2013
In March, Integra Realty Resources applied its expertise to everything from major economic factors at play in commercial real estate to foreign investment to new paths forward for old GM properties. Here are the highlights:
1. MLive.com: Detroit managing director Anthony Sanna commented on the lack of development at old General Motors properties in Genesee County, Mich. He explained that financial stability in neighboring Flint, Mich. and an influx of educated workers might help raise demand for development.
2. Real Estate Forum: In an interview with Real Estate Forum, I pointed out that commercial real estate is much more predictable this year. Commercial investors and developers can expect higher taxes, slowly declining unemployment, and low interest rates to continue to play a role in the real estate markets.
3. OregonLive.co
m: Editors at OregonLive.com included commentary from Portland senior managing director Brian Glanville on land purchased by the developer of Portland’s MAX line and streetcar routes. Brian said the land’s value could double if zoning changes allow for mixed development instead of solely industrial use.
4. Real Estate Forum: Foreign investors’ interest in U.S. properties continues to grow, and I explained which markets are targeted for outside investment in an article for Real Estate Forum. Major cities like New York, Chicago, and Los Angeles are favored by European, Asian, and Australian investors, while decreased government spending has made Washington, D.C. much less favorable than in the past.
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Author: Raymond T. Cirz
