Northeast Ohio Jobs and Utica Shale

The Utica shale gas resources are forecasted to bring an addition 65,000 at an average $50k per year to the long suffering Northeast sector of Ohio.  The area has been Ohio’s highest chronic unemployment since the steel industry shut down in the late 70s and early 80s. According to the study Ohio’s gross domestic product […]

Retail Sheds Fears of Double Dip

The first half of 2011 saw strong leasing and buy activity, but after the debt limit negotiations last summer, the 2nd half was gripped by uncertainty and near certainty of a double dip.  Fears subsided by year end and so far this year there has been strong activity beginning the second week of January. Gerry […]

Southern California Home Sales for January 2012

DQ News reported that 14,523 new and resale homes sold last month.  That was way down from December by 24.5% but up .4% from January 2011.  Normally, sales are down from December to January because investors frequently want to close before year end and traditional residential buyers hold off until March or so to get back […]

Retail Rents Begin to Rise in 2012

Randyl Drummer from CoStar news writes, and I agree, that retail rents will begin to rise this year. It’s not so much a huge increase in demand as much as there is virtually no increase in supply.   The supply / demand balance is tipping in favor of the landlord.  Construction financing is still a pain […]

Real Estate Photography

I though this also might be of interest to a few of my readers.  A comment came up on a residential blog named Active Rain that I also wanted to address here.  I’m on the ‘other’ side of the business where picture quality isn’t a big deal, but it still is to me.  I think it’s […]

Strong Comeback for Commercial Real Estate

It’s back!  Business is cranking again and the phone is ringing.  CoStar news reports that the dollar volume of commercial real estate transactions are back up to historical long term average and that’s with a lousy third quarter 2011, due mostly to the debt limit impasse  That’s a total of $291.6 billion last year, which […]