Commercial Real Estate Archives

City officials announce construction of facility for mounted unit

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Nov 28, 2011.

On Monday, city officials announced plans to construct a facility for the Philadelphia Police Mounted Unit on Chamounix Drive. The facility is set to be 13,000 square feet, constructed of steel, and is intended to house around 40 horses. The site itself is adjacent to the McCarthy Stables, which is also known as the Chamounix Equestrian Center. The facility’s barn will be set up for 42 stables, five feed stalls, four track room, and three wash stalls fully equipped with indoor plumbing.

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Report shows increase in commercial property loans

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Nov 4, 2011.

In the third quarter of 2011, the number of U.S. commercial property loans was the highest it has been since 2007, according to a recent report by the Mortgage Bankers Association. At the end of 2007, the Mortgage Bankers Association rating system ranked the number of commercial property loans at 275, and that number reached 138 by the end of September.

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Life insurance companies take advantage of commercial mortgage market

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Oct 24, 2011.

A recent article in the New York Times pointed out that, in the midst of a volatile commercial mortgage market, life insurance companies are increasingly becoming lenders in the area. Data from the second quarter of 2011 shows that the life insurance industry underwrote a total of $15.7 billion new commercial mortgages.

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Philadelphia commercial real estate sees new trends

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Sep 9, 2011.

There are many discouraging stories about the economy these days, especially involving real estate development and construction markets. Development for both housing and shopping centers has been declining for the past several years. However, some developers believe that they have found ways to capitalize on the commercial real estate trends in Philadelphia. Many developers are moving their focus from new development to existing properties.

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Pennsylvania town rejects zoning change

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Sep 1, 2011.

Zoning, or how a property is zoned, can have a tremendous impact on the market value of a piece of Pennsylvania real estate. Broadly, zoning is the way governments regulate the way land can be used. Common zoning classifications of land include commercial, residential and industrial.

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How the Philadelphia property tax hike can affect leases

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Jul 8, 2011.

When investing or developing commercial real estate in Philadelphia for the first time, many people are surprised at the complexity of the legal issues that are involved. From laws governing how transfers need to be recorded to adverse possession to title disputes, real estate law can be quite intricate.

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