Commercial Real Estate Investors face hurdles in 2010

By
Real Estate Sales Representative with Miller & Associates Realty

Florida State Representitive District 6

Commercial Real Estate investors in Panama City and Panama City Beach have some hurdles to jump in 2010. Commercial loans are coming due and values have decreased over the last 12 months. Investors are being forced to come up with additional equity to renew loans. However, I believe Panama City / Bay County will be the first real estate market to turn around. The new international airport, widening of Highway 79, widening of Highway 77, realignment of Highway  331 near Freeport, are a few projects that are attracting national companies to Panama City.  We all need to thank our State Representative, Jimmy Patronis, for going such a good job. Thank you Jimmy!

Posted by

Chad Miller
General Manager
Miller & Associates Realty, LLC
Panama City Beach, FL

www.panamacitycommercialproperties.com
www.northwest-fl.com

Comments (1)

MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

Have you heard of any federal programs which might aid the commercial property owner, I have heard talk of assistance but am unsure of the final ability to go forth with this kind of assistance, please share any national programs you come across.

 

MaryBeth Mills Muldowney,   TradeWinds Realty Group LLC, MASSACHUSETTS

Jan 05, 2010 02:42 PM