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Good news for commercial real estate owners

Source: Richmond Times-Dispatch

"Commercial real estate owners got some encouraging news during the past few weeks. Several economic reports showed promising signs, and the FDIC made clear how it is looking at commercial real estate loans sitting on the books of banks.

For the first time in two years, tangibly good news came out of the Bureau of Economic Analysis on GDP growth. The government agency reported 3.5 percent annualized growth in gross domestic product, which is the highest since the third quarter of 2007. Many economists are declaring the recession over."

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It is nice to read an optimistic viewpoint; I hope he is correct! Here in the Midwest we are a bit more cautiously optimistic, but hopeful, and business continues, there are growth spurts, and if in is creative and finds their niche, there is still money to be made and business successes and opportunities are out there!

- Marjean Pountain | Flag this comment for review

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