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Heads up: Some see a wave of commercial delinquencies looming
The Indianapolis Star
Delinquency. Foreclosure. Bankruptcy. It's not just for struggling homeowners who have fallen a few months behind on the mortgage payment. Around Indianapolis, plenty of big players are sweating out the monthly bills and trying to hang on to their properties.
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Buzz growing for 21c in Indianapolis
The Courier-Journal
For years, city officials have looked for an interested buyer for the former City Hall, the vacant, 105-year-old neoclassical building on the corner of Alabama and Ohio streets, just a stone's throw from the bustling Indianapolis City Market. Some possible uses bandied about for the once-grand, now-dilapidated building have included a motor-sports museum, a distillery and an innovation center for startup companies.
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Commercial: Secondary market gains attraction
National Association of Realtors
The dollar is strengthening, so you would expect institutional real estate investors from outside the U.S. to hesitate before buying here...

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Rebounding sector: Office space is in demand
Daily Real Estate News via Realtor
Demand for office space is expected to remain at post-recession highs for the next two years, according to the CoStar Portfolio Strategy analysts. Vacancies continue to fall, mixed with rising rents, in a growing number of markets. "2014 was a great year for the office market," Walter Page, director of office research, said during CoStar's State of The U.S. Office Market 2014 Review and Forecast. "The keystone mark is that net absorption was up 42 percent from a year earlier. The fourth quarter in particular was very strong, with over 30 million square feet of net absorption."
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It's time to embrace .REALTOR change
.REALTOR
You're not using a film camera or typewriter anymore, so why hesitate to move to a .REALTOR domain in your web address?

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It's cheaper to build apartments in southern Indiana, but few are doing it
Louisville Business First
It's cheaper to build apartments in Southern Indiana than it is in Louisville, Kentucky — by a lot. Of course, where you build an apartment complex is going to have a substantial impact on that per-unit cost. And with land values in Southern Indiana being lower, developing apartments there is much cheaper too, according to Catherine Brown Rueff, with Louisville-based real estate development and management company Brown Capital LLLP.
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More property price hikes ahead, experts predict
National Real Estate Investor
Investors are proving that they are willing to open their wallets wider to buy properties in a highly competitive market. Prices for commercial properties rose an average of 14 percent during the first nine months of 2014, and are poised to push even higher in 2015, according to a new report "Expectations & Market Realities in Real Estate 2015 — Scaling New Heights," which was published jointly this month by Real Estate Research Company, Situs, Deloitte and the National Association of Realtors.
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Bigger paydays for corporate real estate execs
The Wall Street Journal
At a time when the world is seeing greater wealth disparities, compensation for corporate real estate executives is increasing at a faster pace than wages for average Americans. The annual average compensation for a head of corporate real estate was $231,197 last year, an increase of more than 10 percent from 2013, according to a new survey by CoreNet Global and FPL Associates. By comparison, average hourly wages in the U.S. generally have been rising about 2 percent per year in the past five years of recovery, according to the December jobs report by the Labor Department.
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Members of the Indiana Commercial Board of REALTORS® have access to a diverse network of more than 600 commercial real estate professionals serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management and development. ICBR believes 100 percent in your success! Find out more information about ICBR membership today, or contact the ICBR office via email or phone (317.328.5259) and mention this ad in Commercial Focus.
 



Commercial Focus

Colby Horton, Vice President of Publishing, 469.420.2601
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