More Than $30 Million in Property to be Sold on August 16 in Lakeland. Scott Oglesby, owner/auctioneer of United Country – Oglesby & Company of Bartow, Fla., will conduct a public auction on August 16. The auction will feature more than 70 properties worth an estimated $30 million, including recreational land, large acreages, residential homes, building sites, condos, upscale homes and commercial parcels located throughout Florida.

When it comes to commercial real estate, Chicago and its suburbs are doing better than the nation as a whole. But two recent reports depict the market for office space here as less than vigorous.
“All market fundamentals in Chicago appeared to be losing steam during the second quarter as leasing activity slowed, vacancies rose and [...]

Commercial real estate woes are spreading across South Florida as fears intensify over the worsening economy.
Office and retail sectors have turned sluggish in the first two quarters of 2008 following steady growth during the past few years. Firms are postponing expansion plans, downsizing and handing back space to landlords, who are offering free rent and [...]

With the year half over, it’s time to take the pulse of office and industrial real estate.
Yes, there’s a pulse, but it’s growing a bit erratic.
Downtown Chicago’s market for office space looks healthy. According to the global real estate service firm UGL Equis Corp., 12.4 percent of downtown office space was vacant in the second [...]

Portland’s commercial real estate market had largely dodged the residential market’s swoon.
But the region’s continuing housing slide, the nationwide credit crisis and a slowing economy appear to be eating away at the office and retail real estate markets.

“The economy has finally caught up with the office market,” said Patricia Raicht, vice president at real estate [...]

Missed payments on office and retail mortgages rose slightly in June due to increases in delinquencies among commercial mortgages, credit ratings agency Fitch Ratings said Monday.
Fitch said June delinquencies rose to 0.41% among commercial-mortgage backed securities from 0.39% a month earlier.
Both office and retail mortgage defaults are still below the commercial mortgage delinquency average, despite [...]