It’s not just foreclosed homes that are looking like a bargain to real estate investors in today’s market, but also distressed commercial assets. Most of these REO commercial properties fall under the multi-family construction sector, but there are also abandoned retail and restaurant spaces, not to mention hotel construction projects that have stalled and are now ripe for the picking.
Whenever I see commercial construction news on high-profile stalled hospitality construction projects, like the Shangri-la Hotel and Waterview Tower in downtown Chicago, I always wonder if the construction site was not only safe and secure before it was shut down, but if it was preserved in a way so that the existing developer or a [...]
If you’re looking to buy distressed commercial property, your eyes are probably as big as saucers. According to Real Capital Analytics there are more than 8,600 U.S. commercial properties in current distress. But before you take on the role of receiver, here are five questions you must address with your general commercial construction contractor before [...]
Englewood Construction, Inc. is a commercial general contractor specializing in the construction of retail, restaurant, shopping center, hotel, office and industrial projects throughout the United States. More
