Happy President’s Day!

We want to wish everyone a Happy President’s Day.  Enjoy the day off for those of you lucky enough to get it.  Also, be sure to check out some interesting facts you may not already know about President’s Day at the link below: The third Monday of February celebrates the birthdays of Abraham Lincoln (Feb. 12) and George Washington (Feb. 22). Most Americans refer to this day as President's Day. Here are some interesting facts about the day and the two presidents it honors. Presidents Day Fun Facts - Associated Content from Yahoo! - associatedcontent.com...

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On the Mend

"This is good news for commercial real estate, showing a recovery well under way" says Rick Ferris, President of Sequoia Realty. The total return index for retail REITs stood at 584.29 at the end of 2010 and is up 169 percent since bottoming out at 216.82 in February 2009. However, the index remains 33 percent below its all-time peak of 878.58 reached in April 2007. The retail REIT price index, meanwhile, has risen 150 percent since February 2009 from 81.14 to 202.94 and remains 44 percent below its all-time peak of 363.25 reached in February 2007. The dividend yield for retail REITs was 3.47 percent for the year. On the Mend...

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Check out our latest newsletter

Sequoia Realty Corp."Northeast Ohio's Entrepreneurial Broker" In this issue of Sequoia Market Update: * Sequoia Joins Social Media Phenomena! * Recent Deals * New on Market * Real Estate Cyber Tips * Current Commercial Market Trends                                                                                                     ...

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Northeast Ohio Commercial Realty Market Improving!

Great news for everyone in northeast Ohio!  The commercial realty market in northeast Ohio is definitely improving. Continued difficulty securing loans makes the process of doing a real estate deal resemble feeding a fire in the rain, and sales still aren't close to what they were before the recession. Nonetheless, a just-completed survey of commercial real estate sales in Northeast Ohio of properties valued at more than $5 million shows their volume more than doubled last year to $253 million from $118 million in 2009Read more: http://www.crainscleveland.com/article/20110124/SUB1/301249...

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