Commercial Real Estate Ithaca NY

Commercial real estate is any property that is zoned and used for business purposes or to generate profits from rentals or capital gains. Types of commercial property include industrial property, retail stores, some multi family houses, office buildings, shopping centers, warehouses and more. There is some overlap between residential and commercial property when it comes to buildings that contain a large number of units (such as apartments) that can be classified as commercial, though they are used as residences. All commercial real estate will fall under one of four categories—retail, office, industrial and multi family housing—and can be purchased through commercial real estate agents.

Stephen Lipinski Associates, LLC
(607) 280-2340
PO Box 456
Etna, NY
 
Lebhar-Friedman Inc.
(212) 756-5000
425 Park Avenue
New York, NY
 
Rock Pile Development Inc.
(845) 255-1252
190 Route 208
New Paltz, NY
 
Brewer Land Surveying
(845) 339-1487
275 Fair Street
Kingston, NY
 
Rusty Staub Commercial Office Rentals
(845) 389-3679
243 Main Street
New Paltz, NY
 
Re/Max Results
(718) 467-3629
3717 E Tremont Ave
Bronx, NY
 
69 Delaware Avenue Associates LLC
(716) 856-5700
69 Delaware Ave., Ste. 606
Buffalo, NY
 
Mary Collins Real Estate, Inc.
(845) 687-0911
Route 213 East
High Falls, NY
 
Frank J. Mathews, Sr. Real Estate Co.
(716) 852-5540
282 Delaware Ave.
Buffalo, NY
 
GAR Associates, Inc.
(716) 691-7100
2399 Sweet Home Rd.
Amherst, NY
 

Commercial Real Estate

Real Estate Investment Trusts
By: Zacks Equity Research
October 22, 2009

Amid positive signals emanating from the uptick in housing prices and an improving outlook for consumer spending, the housing sector is gradually stabilizing. Both new and existing home sales have increased during the last four consecutive months and are now 32% and 17% above their recent lows, respectively. Single-family housing starts have also risen 37% from their low point, and inventories of homes-for-sale have fallen sharply.

Equity REITs rebounded nicely in the third quarter, recording total returns of 33% (total return FTSE NAREIT Index) vs. a 15% gain each for the S&P and the Dow. The strong third quarter returns marked the second consecutive record-setting performance of equity REITs after a dismal performance in the first quarter of 2009.

In what has been a volatile year, equity REITs gained approximately 29% (total return FTSE NAREIT Index) in the second quarter after falling 32% in the first quarter. So far in October, equity REITs are down about 1%; the worst performing sectors in October have been Self Storage (- 3.4%), Retail (-1.6%), Industrial/Office (-1.6%), and Residential (-0.8%).

OPPORTUNITIES Many REITs are still trading at discounts to NAV (net asset value), traditionally a good "buy" signal. Over the past seven or so years, REITs have traded near or in excess of NAV.

With dividend cuts and share price gains.....

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