Vacancy rates at U.S. malls and strip centers eased in the fourth quarter, according to research firm Reis, which tracks the top 77 U.S. markets. The vacancy rate at malls declined to 8.6 percent, off one-tenth of a percentage point from the previous quarter, Reis reports. The mall vacancy rate has now declined for the five consecutive quarters since an industry 12-year high of 9.4 percent in the third quarter of 2011, according to Reis.
Vacancy rates down in fourth quarter at U.S. centers
January 17, 2013 in Articles
Author: SCT StaffPublication: Shopping Centers Today
Commercial Real Estate Vacancies Slowly Declining, Rents Rising
January 14, 2013 in Articles
Author: Media Contact: Walter MolonyPublication: Commercial Connections
Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market, according to the National Association of Realtors® quarterly commercial real estate forecast.
Home sales in Portland rebound from the recession
January 11, 2013 in Articles
Author: Jessica HallPublication: Portland Press Herald
Sales of single-family homes rose in 2012, marking the highest level since 2007. Median sales prices rose modestly.
Sales of single-family homes in Portland in 2012 reached the highest level since 2007, before the recession.
Sales totaled 427 homes last year, up about 14 percent from 2011, according to data compiled by the Maine Home Connection real estate firm.Maine Job Spotlight
January 6, 2013 in Articles
Author: Portland Press Herald Marketing DepartmentPublication: Maine Sunday Telegram
Amanda Morse, Marketing/Office Manager
How did you get started?
I’ve always found marketing intriguing, but it became a real career path for me with my first temporary position at Pierce Promotions. Commercial real estate, however, was just a lucky chance or perhaps an opportunity of fate, depending on your viewpoint, but it’s been a great experience thus far.
Best car sales in five years
January 3, 2013 in Articles
Author: Chris IsidorePublication: CNN Money
NEW YORK (CNNMoney)
Strong demand from car buyers in December led automakers to close out the best year for U.S. car sales since before the recession, and the biggest one-year jump in sales in 28 years.
Final sales figures are not in yet, but initial results from the top four U.S. automakers -- General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500), Toyota Motor (TM) and Chrysler Group -- all showed gains from a year earlier that met or topped forecasts. No. 5 automaker Honda Motor (HMC) outpaced its larger rivals with a 26% gain in sales from a year earlier, though it fell slightly short of forecasts. Ford's 1.9% rise was the narrowest.
The industry is now on track for 14.5 million vehicle sales in the U.S. for 2012, a rise of 1.7 million, or 13%, from 2011. That's the biggest increase in annual auto sales since 1984.
Strong demand from car buyers in December led automakers to close out the best year for U.S. car sales since before the recession, and the biggest one-year jump in sales in 28 years.
Final sales figures are not in yet, but initial results from the top four U.S. automakers -- General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500), Toyota Motor (TM) and Chrysler Group -- all showed gains from a year earlier that met or topped forecasts. No. 5 automaker Honda Motor (HMC) outpaced its larger rivals with a 26% gain in sales from a year earlier, though it fell slightly short of forecasts. Ford's 1.9% rise was the narrowest.
The industry is now on track for 14.5 million vehicle sales in the U.S. for 2012, a rise of 1.7 million, or 13%, from 2011. That's the biggest increase in annual auto sales since 1984.
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- Acadia Bioscience has Leased Space at 612 Brighton Avenue
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- Featured Property: 251 Woodford Street, Portland
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- Retail sales up 4%
- Commercial Real Estate in Maine (Part 1)
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