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MagicLoan – Bonus Coverage

In this month's Property magazine, we take a look at the concept of loan amortization.  Although most people tend to glaze over at the very mention of constructing a loan amortization schedule, a good understanding what is really happening throughout the life of the loan is critical to assist an investor in realizing both short and long ...

Staying solid

For the second straight month, the investment sales volume in the Cleveland real estate market was solid.  While no one will mistake a $35 million month as a jailbreak, there were some encouraging signs.  First, there was only one distressed sale.  Second, the other five investment sales were varied in type, size and location.  And third, several of the sales included a financing component.  Individually, each of these characteristics wouldn't amount ...

Rich Uncle Pennybags

Almost everyone likes the game of Monopoly.  And why not: where else can you build a real estate empire, lose it all and then rise from the ashes to rebuild it again, all in the course of an evening.  If only real-life real estate were was easy.  But the good news is that investing in real estate actually can be easy - even as easy as clicking the mouse a few times.  In this month's Properties magazine, we discuss several of the most popular ways to ...

Getting some traction?

The investment activity level in Cleveland has been up and down for most of 2010.  Some months, things seem to be picking up, only to see the bottom fall out the next month.  However, October may mark a turning point, for a few reasons.  First, the overall sales volume was decent - nothing crazy but certainly better than September's total volume of "nufin".  Second, the Cleveland real estate market saw the first net leased industrial sale in over ...

Tale of a sale

After nearly two years, the Cleveland real estate market can finally point to a market transaction for a net-leased industrial property.  The market used to see one or two of these a month but hey, times are tough, right?  This is actually an interesting transaction on a couple different levels but let's talk deal points for a minute.  The building is a 343,000 square foot warehouse/distribution property located in Cleveland's southeastern ...

Mad men indeed.

The run-away success of AMC's series 'Mad Men' has help to lead a resurgence of items which characterized the business environment in the 1960s.  From black leather & chrome office furniture to martini-infused happy hours, many things that were old are now new again.  Not to be shut out, in this month's Properties magazine, we are  highlighting a 50-year old concept - the mortage / loan constant.  Not only do we talk about what a constant is and ...

I beg to differ.

 The last several weeks, it seems as if every real estate article that I read is gushing about how much better things are getting, that the real estate markets seem to have turned the corner and are on the rebound.  I'm not trying to be a downer here - really I'm not.  But I have three short stories to tell that help to explain why I beg to differ.  In an effort to protect the parties involved, I will be delicately vague on the exact details and not ...
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Child, please.

  The National Bureau of Economic Research caused quite a stir last week when it released this report:  http://www.nber.org/cycles/sept2010.html  In effect, they have deducted that the most recent economic recession ended in June 2009.  To my thinking, that's a very bold statement.  Here are some reasons why:  (1) Large cash surpluses.  Interest rates have continued to dive, which should be a good thing, right?  Cheap money will encourage ...
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Dog days of August

August is traditionally one of the slower months of the real - a concept that was painfully evident in the Cleveland investement market during August.  Only one transaction closed and, although it was a biggie, the broader absence of activity doesn't bode well for the market as we head closer to the end of the year.  To see the latest Cleveland investment newsletter, click here. ...

Its a brave new world, part II.

Are you a follower of anyone?  Have you ever unfriended anyone?  Do you tweet?  Ten years ago, these questions would most likely have been met with a blank stare.  But today, most people at least have some knowledge of these phrases.  The popularity of social networking sites has exploded the past few years and the real estate ...