In Wednesday’s commercial real estate news – we’ll look at the top 10 cities with the highest commercial property taxes, despite market fears CMBS market strengthens in second half of 2017, whether prisons can be considered real estate, and more.
A lag time in reassessment periods in some jurisdictions is causing some property tax bills to skyrocket.
The fear that borrowers and lenders had at the beginning of 2017 has proven to be largely unwarranted.
Analysts forecast that Ares Commercial Real Estate Corporation (NYSE:ACRE) will announce sales of $11.53 million for the current fiscal quarter.Whenever a buyer wants to acquire real estate, due diligence can make or break the deal. For obvious reasons a buyer wants not to buy a “pig in a poke”.
Are prisons, golf courses, cell towers and billboards considered real estate?