Entries Tagged as 'Office Space'
Phoenix Business Journal Friday, February 26, 2010 (Excerpts) - Karen Mills was sworn in as head of the U.S. Small Business Administration last April, just as the economic stimulus bill was starting to revive the SBA’s lending programs. Now she is pushing President Barack Obama’s jobs plan, which calls for increased lending to small businesses, tax breaks for hiring and business investment, and programs to help innovative businesses grow.
Mills sat down Feb. 18 with Kent Hoover, the Washington Bureau chief of American City Business Journals, to talk about increasing small businesses’ access to capital...
...We have a program called 504. It’s for owner-occupied real estate, if you expand and create jobs. Temporarily, let’s use 504 to do owner-occupied real estate refinancing -- not the bad stuff, not the speculative portfolios that have been accumulated; but owner-occupied, and you haven’t gone into default. It’s probably less risky than funding an expansion. It looks like we can do it for zero subsidy; we’ll charge a fee to take on the risk, and we’ll need a little administrative oversight. We think we can do $7 billion to $10 billion at very little or no cost to taxpayers.
We have the infrastructure to do that right now. We know the demand is going to be there. (end)
Officing Today February 9, 2010: The US has been experiencing plenty bad weather this winter season. A storm watch alert has been issued in Southern California, where reports of mudslides and flooding dominate the local news. The nation’s capital had 20 inches of snowfall over the weekend, and is expecting more of the same today. These conditions have required schools and offices to shut down in the area.
In other parts of the country, though, many people living in areas with harsh winter weather are finding that virtual offices are the perfect storm solution. Virtual office clients are able to manage their businesses much more easily in winter weather than those who work in traditional office set-ups.
Radio Iowa’s Dar Danielson reported in December that Iowans with virtual offices were not affected by the winter weather problems that other people trying to get to work were facing. A virtual office client interviewed for the piece advised that, simply put, a virtual office “allows you to work whenever and wherever you need to.”
Another virtual office client interviewed pointed out other perks of this alternative workplace solution: “She says it gives a tremendous amount of flexibility, as it allows people to work out of their homes and during their own hours, but still have access to the information they need.” The client highlighted the fact that a blizzard earlier in the season had less of an impact on her business, since her employees are able to work without having to come to an office building.
As the winter storms continue to rage on, it is likely that more businesses will find that they can’t afford not to be using a virtual office set-up.Office Space , Virtual Office Space
A newsletter I received today is a bit more positive on the recovery and does make a good point that despite high unemployment our national office vacancy rate is better that expected.
Monday Morning Outlook
Wesbury - Chief Economist First Trust
Robert Stein, CFA - Senior Economist First Trust
Washington Post February 19, 2010: Unlike residential mortgages, which often can be paid over 30 years, commercial real estate mortgages typically must be paid off or refinanced within five years. Commercial properties mortgaged in 2005, 2006 and 2007, at the height of the boom, are reaching their maturity date. "Do the math on this," Warren said. "This is a significant problem."
Nationwide, at least $1.4 trillion in commercial real estate debt is expected to roll over during the next three years. Warren said that half of commercial real estate mortgages will be underwater by the beginning of 2011. A fifth of residential mortgages are underwater now, she said.
Unlike residential mortgages, which often can be paid over 30 years, commercial real estate mortgages typically must be paid off or refinanced within five years. Commercial properties mortgaged in 2005, 2006 and 2007, at the height of the boom, are reaching their maturity date. "Do the math on this," Warren said. "This is a significant problem."
Buying Office Space , Commercial Real Estate , Office Building Sales , Office Space , Office Space Negotiations