Commercial articles
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Commercial real estate foreclosures spike 117% as distress mounts
Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter. In March, Blackstone Group President Jon Gray told Bloomberg that commercial real estate prices, which have been plunging since interest rates spiked, are “bottoming.” He noted that while vacancy rates are still rising, the fundamentals are looking better, and “now is probably a good time before rates come down to move.” But are commercial real estate prices really hitting rock...
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Avidbank Taps CorServ to Launch New Commercial Credit Card Program
California-based Avidbank has tapped CorServ to help launch a new credit card program for the bank’s commercial customers. Avidbank transitioned from its previous program to CorServ’s Account Issuer program, the companies said in a Tuesday (May 14) press release. The new program provides Avidbank’s commercial customers with better choices of credit card products, self-service interfaces for managing their cards, […]
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Former Back Nine driving range on Lima Road to be a commercial park
This month plans for an 11-building commercial development at the same site at 9100 Lima Road were submitted to the Fort Wayne Plan Commission.