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Northern Virginia Real Estate

A Breakthrough in South Shore Corporate Park

South Shore Corporate Park has secured its first tenant, Stacklight, a Kentucky based company that manufactures edge protection products. Stacklight leased 15,225 square feet out of South Shore’s 93,340 square feet total facility area. This contract ensured about 17 percent building occupancy, by just a single tenant.

Stacklight is a big company from North America, with 3 manufacturing sites on operation. The company produces mainly edge protection goods, like strapping edge protectors, customized corner boards, and other similar line of products. Stacklight also has a distribution center in the southern part of California.

South Shore Corporate Park was developed by Ryan Companies, a Minneapolis based company dealing primarily with full services in real estate. The company purchased a 380 acre office and industrial park facility in 2007 at South Shore region of Hillsborough County, Tampa. The location is fairly convenient, at I-75 and CR 674 interchange.

Vice president for development of Ryan Companies, Gary Bauler, reveals that the piece of land where South Shore stands today is a former agricultural land. It was during the mid 2008 when the government approved the project to push through. Up to this point, the project is not done with its 1st phase. The first phase entitles 2.6 million square feet of Office, flex, light industrial sites and build-to-suit infrastructures. The 2nd phase is reported to bring an extra 2 million square feet.

Stacklight has moved in on August 1, 2010, and as the first tenant, it is also the first to enjoy the massive infrastructure development brought about by Ryan Companies. About 500 square feet was allotted for Stacklight’s office space. Bauler further stated that the first tenant can occupy South Shore’s space of 50,000 to 70,000 square feet. Nevertheless, both parties have not signed any papers to confirm this, in case somebody else would want to lease the space.

Inland Real Estate Group of Companies is the lending arm of Ryan Companies. Bauler says that the recession also hit the company. Is spite of this, the company managed to own 30% of the project equity. South Shore should be finished in 8 years, but the economy will have a major contributing factor to the completion time, Bauler added.

The company is confident of the project’s strategic location. Hence, as economy begins to recover, businesses will find a prime spot for the location. Stacklight’s decision to enter Florida market may as well be influenced by the fact that Florida has almost 19 million population.

France Economy is doing well

France survived the 2008 economic recession better that most of the Euro-zone countries. This is due to minimal exposure to subprime loans debacle, and also conservative consumer and government spending. In respond to crises, a US$ 35 billion stimulus fund was released by the France Government in February 2009.

However, despite these, France GDP contracted by 2.1% in 2009, and unemployment increased from 7.4% to 10%.

France Government also created a US $25 billion strategic investment fund to prevent take over of French companies by foreign capitalists. It also proposed a US $52 billion fund as stimulus for investments in science and technology industries.

However, these stimuli and investment funds are straining France public finances, which accounts for 50% of France GDP. These also caused 2009 budget deficit to increase from 3.4 % to 8% of GDP.

GDP (purchasing power parity):
$2.113 trillion (2009 est.) -2.1% (2009 est.)

$2.158 trillion (2008 est.) 0.3% (2008 est.)

$2.152 trillion (2007 est.) 2.3% (2007 est.)

Labor force:
27.99 million (2009 est.)

Labor force - by occupation:
agriculture: 3.8%
industry: 24.3%
services: 71.8% (2005)

Unemployment rate:
9.7% (2009 est.)

7.4% (2008 est.)

Population below poverty line:
6.2% (2004)

Contact Tampa4U.com Realty for: Tampa Real Estate, Tampa Commercial Real Estate, Westchase Real Estate

Spain Economy in Trouble

Spain has the 8th largest economies in the world, and fifth in Europe- based on its GDP. It is regarded to have the best quality of living standard in Europe, and the 15th most developed countries in the world - even surpassing Germany, Italy and UK.

Before the economic debacle of 2008, Spain's economy created about half of all the jobs in European Union. During the real estate boom or bubble, Spain benefited with 16 % of its GDP was derived from it. And also, it has only 7 % unemployment in the final year of the real estate boom. There were even talks that it will overtake Germany in 2011.

When the real estate bubble bust, level of Spanish household's debt considerably rose, with the average debt tripled. - mainly due to their boom time real estate mortgages that often times exceeded the value of the property mortgaged.

The real estate bubble started in 1997, fueled by low interest. and surge of immigration. In 2004, there were already signs of problems- like high inflation and a budget deficit of 10% of the GDP.

In July 2009 IMF, estimate that Spain's GDP contracted by 4%., with European Union average at 4.5%. It is also predicted that by 2010, it's GDP contraction will be at .8% or will emerge from recession.

The banking system of Spain, due to its conservative policies, is shielding the country from further economic woes. It could be credited by demanding sufficient protections and collaterals for loans they gave.

But despite of these precautions by the banks, still it is predicted that unemployment will reach the 20% level, and is expected to increase farther. But the financial system of Spain is trying to withstand the impending financial woes. Spanish economy, after a deep dive in 2008, and throughout 2009, it is predicted to stabilize in 2010.

Contact Tampa4U.com Realty for: Tampa Real Estate, Tampa Commercial Real Estate, Westchase Real Estate

Brazil economy is surviving well



Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and Brazil is expanding its presence in world markets.

Brazil is the biggest and strongest among South American countries. Since 2003, it steadily was improving its macroeconomic stability by- reducing national debt, increasing foreign reserves, controlling inflation and practicing fiscal restraints.

But in 2008, it was also affected by the financial crises. Investors got out of Brazil and it experienced recession for two quarters.

However, due to its strong and conservative policies, it was one of the earliest countries, who got out of the 2008 recession. Its Central Bank expects a GDP growth of 5% for 2010.

GDP (purchasing power parity):

•· $2.024 trillion (2009 est.) 0.1% (2009 est.)

•· $2.022 trillion (2008 est.) 5.1% (2008 est.)

•· $1.924 trillion (2007 est.) 6.1% (2007 est.)

]GDP - per capita (PPP):
$10,200 (2009 est.)

$10,300 (2008 est.)

$9,900 (2007 est.)
Labor force:
95.21 million (2009 est.)

Brazil has a population of 190 million. Service sector income accounts for 66.8% of its GDP, with the industrial sector at 29.7%, and agriculture with 3.5%.

The Power of Enthusiasm equals to Big Real Estate Contracts

Property investors located every where in the globe are always on watch for an excellent deal. Good price on the property but above anything else when you ask investors of their most important consideration on their investment; you get one simple answer…its location. While this may correct for searching a solid investment that you will reside in later on, it is not often true in coming across a seller who has a robust drive to sell. This is actually the principal factor in component in finding a perfect offer to invest in.<br>

You may be asking now, what is the basis to search for when looking for a interested and persistent seller? You look for the most obvious indication either online or in newspaper ads when a seller put words like “Direct Sell or Selling Immediately, leaving country soon.” Those sellers are the most uncomplicated to transact with compared with the more typical investments you often have to contact a lot of sellers and may inquiries such as:

First of all I look for the obvious hints either online or in the classified ads where sellers say things like “must sell… another country next month” or something like “currently paying two mortgages and must sell home immediately”. Now those are the easy ones but for the more typical properties you usually have to call several sellers and ask them some questions such as:

1. Do you have any specific date or deadline when you need to sell these property?

2. Do you have tenants residing in the property?

3. For how long has this investment published on the market?

4. Why did you ever consider putting up this beautiful property for sale?

All the answers to these queries should provide you with an over-all view and hints as to why and if the seller is so enthusiastic to sell. When you discern that one of these properties on your inventory could be a very good prospect and a bargain, you jump into the next stage and talk to sellers about costs and provisions. With any type of dealings or contracts to finally be a winner the figures must definitely be sensible. Finally, take into account where the investment is situated and in what form it is presently in. If these 3 factors smoothly fit in together then you most likely and logically need to step forward and propose on the property.

Now remember, the top most real estate deals are assembled on is enthusiasm, two and three consideration are as important (cost and location) but do not descend into place unless the top most consideration always comes in at first.