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99
zzyzzx
2024 May 13, 4:55am
zzyzzx
2024 May 13, 4:55am
https://finance.yahoo.com/news/fort-worths-tallest-building-sells-111742615.html
Fort Worth's tallest building sells for just $12.3M at auction in stunning price drop
Burnett Plaza, the tallest building in Fort Worth, Texas, has been purchased via foreclosure auction for $12.3 million just three years after it was sold for more than $137.5 million, according to the Dallas Business Journal.
It was most recently appraised at $104.5 million by Tarrant Appraisal District, according to the Dallas Business Journal.
Fort Worth's tallest building sells for just $12.3M at auction in stunning price drop
Burnett Plaza, the tallest building in Fort Worth, Texas, has been purchased via foreclosure auction for $12.3 million just three years after it was sold for more than $137.5 million, according to the Dallas Business Journal.
It was most recently appraised at $104.5 million by Tarrant Appraisal District, according to the Dallas Business Journal.
100
Al_Sharpton_for_President
2024 May 13, 5:27am
Al_Sharpton_for_President
2024 May 13, 5:27am
WookieMan says
Wrongo boyo. The Biden admiistration is spending beaucoup bucks to expand manufacturing in the US, especially of semiconductors. Part of the reshoring initiative.
President Joe Biden tours the building site for a new Taiwan Semiconductor Manufacturing Co. computer chip plant Dec. 6, 2022, in Phoenix.
https://apnews.com/article/biden-science-technology-government-and-politics-arizona-8c764cdeed7e4917a3323f7f916bcd48
https://apnews.com/article/gretchen-whitmer-biden-technology-government-and-politics-michigan-4d5ac5a4bec5a2e61b4567639240d97c
but the only thing being build is shipping warehouses now
Wrongo boyo. The Biden admiistration is spending beaucoup bucks to expand manufacturing in the US, especially of semiconductors. Part of the reshoring initiative.
President Joe Biden tours the building site for a new Taiwan Semiconductor Manufacturing Co. computer chip plant Dec. 6, 2022, in Phoenix.
https://apnews.com/article/biden-science-technology-government-and-politics-arizona-8c764cdeed7e4917a3323f7f916bcd48
https://apnews.com/article/gretchen-whitmer-biden-technology-government-and-politics-michigan-4d5ac5a4bec5a2e61b4567639240d97c
101
WookieMan
2024 May 13, 8:46am
WookieMan
2024 May 13, 8:46am
Al_Sharpton_for_President says
I've seen the plant. It's a good thing. About the only thing Biden did okay at. Golf at Quintero to the west and you'll know what I'm talking about if you have been.
We import cheap shit. We also make cheap shit by stay at home mom stuff like Etsy and people need places to store that. Throw in Amazon and other large shippers.
IL is losing population still, yet we're building massive warehouses. Why? It's needed. That's where the commercial money is. Large residential rental properties/communities as well given interest rates. Office space is the biggest loser. I don't see that changing unless you can change the usage or zoning on it. Cities hit especially hard.
WookieMan says
but the only thing being build is shipping warehouses now
Wrongo boyo. The Biden admiistration is spending beaucoup bucks to expand manufacturing in the US, especially of semiconductors. Part of the reshoring initiative.
President Joe Biden tours the building site for a new Taiwan Semiconductor Manufacturing Co. computer chip plant Dec. 6, 2022, in Phoenix.
I've seen the plant. It's a good thing. About the only thing Biden did okay at. Golf at Quintero to the west and you'll know what I'm talking about if you have been.
We import cheap shit. We also make cheap shit by stay at home mom stuff like Etsy and people need places to store that. Throw in Amazon and other large shippers.
IL is losing population still, yet we're building massive warehouses. Why? It's needed. That's where the commercial money is. Large residential rental properties/communities as well given interest rates. Office space is the biggest loser. I don't see that changing unless you can change the usage or zoning on it. Cities hit especially hard.
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Was wondering if anyone had any helpful advice they could share.
In my hometown, a friend is looking to clean up some of his debts, in order to take on other new debts to expand his business venture. His brother told me that he figured he'd sell this building in town, if there was a good offer.
So I'm trying to determine first, what a good offer would look like, and second, where to go to shop for a loan for commercial RE. Also, was wondering what are the general parameters and requirements
The building is fully rented
3 - 1 br apt @ 450
1 - 2 br apt @ 550
1- retail shop @ 1000
For a total monthly income of 2900
He said the building appraised for 244k a year ago
#housing