December 2015 Archives

Rising interest rates and commercial real estate

Illinois developers who are involved in the commercial real estate market may be understandably nervous about how the Federal Reserve's increase in interest rates in December 2015 might affect their future projects. The Fed increased the interest rate by 25 basis points, a move that some believe may result in a resulting move in capitalization rates.

Regulators issue strong warning about lax CRE lending practices

Commercial real estate investors and developers in Illinois and around the country may have been surprised by a harshly worded warning about loose lending practices in the sector issued by regulators on Dec. 18. The statement was issued by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Board of Governors of the U.S. Federal reserve.

Benefits of franchising

An Illinois business owner who has a successful company may start thinking about expanding. One way to expand a company that has many advantages is franchising. By starting a franchise, the original business allows a franchisee to open, own and operate a business with the same name, products, services and trademarks. In exchange, the franchisor gets a share of the revenues from the new business.

Selecting a location for a new business in Illinois

Illinois entrepreneurs often take great care to choose the right location for a new business venture. Theses decisions must be made carefully, as mistakes made here can be costly and commercial leases can be difficult to break. Cost is obviously a major consideration, but making a choice based purely on the rent involved can often end in disaster.

NAR cautiously optimistic about commercial real estate in 2016

The commercial real estate market in Illinois and around the country will see moderate growth and stable prices in 2016, according to an economist with the National Association of Realtors. The prices of property like retail stores, office space and warehouses have risen sharply in recent years as the economy improved following the 2008 financial crisis and ensuing recession, but falling vacancy rates are expected to tail off as the market continues to stabilize.

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