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Posts Tagged ‘foreclosure’

GeneralBizDex (consulting|finance|insurance|legal|other) Vancouver Pacific Lifestyle Homes – EastRidge Biz Park | 11815 NE 99th | 9,652 SF extension Wells Fargo – VancouverCenter | 700 Washington St | 6,886 SF renewal Nippon Kaiji Kyokai – VancouverCenter | 700 Washington St | 1,246 SF Westside First Tech Credit Union – Wilsonville Old Town Ctr | 30200 SW [...]

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The commercial real estate market has not bottomed out yet. Most private commercial real estate investors believe it will be 2012 before things start an upward turn (and mind you not a sharp incline then). Based on a poll conducted by Lee & Associates Investment Services Group, 82% of investors believe that prices for commercial real [...]

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Look out Lindsey Vonn, CMBS loans are moving faster downhill than even she can keep up with, injured or not. According to latest Fitch Ratings’ weekly report on the status of the CMBS mess, larger batches of U.S. CMBS loans are moving to special servicing (meaning they are in default) at alpine downhill speeds.  In January 2010, [...]

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The latest chapter in downtown Vancouver’s (Washington that is) Columbian Building (415 SW Sixth) saga has the property being offered to creditor Bank of America. The owners, Downtown Vitality Partners aka Scott Campbell,  provided the deed to the building and some nearby property. In exchange, Bank of America will vote to approve The Columbian newspaper’s Chapter 11 bankruptcy [...]

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California’s massive budget problems are finally culminating in IOU’s being issued to vendors and providers to the State, including building owners leasing space to various state government departments. With a $24 billion budget deficit and no solution in sight, the Governator and State Assembly must start issuing registered warrants (IOUs) to vendors due to a [...]

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News stories broke today confirming that The Columbian Building is facing foreclosure by Bank of America if the ownership, Columbian Publisher Scott Campbell and his family, could not service debt of up to $15 million. The ownership is attempting to renegoiate their debt terms. The Columbian occupied the new building for one year and then [...]

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