ricco67 Posted August 17, 2008 Share Posted August 17, 2008 Well, this may answer some of the questions we have had for a couple of developments.Interesting quote:"The financing environment right now is pretty hostile"Considering how the rest of the nation is doing, I wouldn't be a bit surprised if outside lenders were just as jittery of our local economy. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted August 17, 2008 Share Posted August 17, 2008 Well, this may answer some of the questions we have had for a couple of developments.Interesting quote:"The financing environment right now is pretty hostile"Considering how the rest of the nation is doing, I wouldn't be a bit surprised if outside lenders were just as jittery of our local economy.There was an article in the Austin Business Journal not long ago that said that commercial real estate sales volumes were down by about 86-ish percent over the last year. Houston was down by 56-ish percent, and was one of the best performers in the nation. And its not for lack of interest on the part of buyers or sellers. It's all about the availability of credit.Brokers are really feeling the hurt, and there's practically no activity whatsoever in a place like South Florida. Quote Link to comment Share on other sites More sharing options...
wernicke Posted August 17, 2008 Share Posted August 17, 2008 I wonder if the Regent Square development will get held up too... tear down some apartments, wind up with a very valuable fenced-in field for a couple years.Hopefully not though. Quote Link to comment Share on other sites More sharing options...
musicman Posted August 18, 2008 Share Posted August 18, 2008 Well, this may answer some of the questions we have had for a couple of developments.wasn't this already posted here? Quote Link to comment Share on other sites More sharing options...
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