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developers: Where have all the developers gone? - 07/08/08 04:39 PM
With financing hitting one of it's hardest times smaller builders have found themselves over leveraged and holding too many properties. Some have turned these into rental properties, some have given up and are losing the half completed homes to the bank and yet others are buying all the homes they can.
Where did the big guys go? Half completed developments surround us, final plat approvals suddenly are taking longer than expected. Those on short plat schedules are dragging their feet so they aren't forced to close. So what's the story.
The real story is this.......timing. Why would you close now or … (5 comments)
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developers: Too Many New Commercial Developments!!! - 10/05/07 02:24 PM
Straight from the mouth of Fred Meyer development directors regarding the Hawks Prairie area just north of Lacey, WA they have identified this as a "over-retailed" corridor based on demographics alone. To give you some perspective here is an abbreviated version of the whole story -
Hawks Prairie has grown tremendously over recent years and the boom has seen retail landlords scrambling to pick up as much dirt as possible to land the next big box or brand name client. This cut throat industry is mind numbing when you consider some of the updated statistics on how many developments are coming out … (10 comments)
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Ryan Haddock
Olympia,
WA
More about me…
Kidder Mathews
Address: 108 5th Avenue Suite 102, Olympia, WA, 98501
Office Phone: (360) 596-9151
Cell Phone: (360) 480-6680
Email Me
Daily nonsense from Olympia Commercial Agent specializing in Land Development and Leasing. Washington Commercial Development and Leasing assistance. Olympia Commercial Real Estate Advice.
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