Illinois online real estate continuing education: Two - 6 hour courses for as little as $55.
February 26, 2009
February 25, 2009
Tribune Says Chicago Tower Sale Unlikely in Real Estate Slump
Tribune Co., the newspaper company that filed for bankruptcy in December, is looking for options for two buildings other than a sale because it doesn’t expect to find buyers.
Falling real estate values and tighter lending restrictions hurt the publisher’s plan to divest the Tribune Tower in Chicago and Times Mirror Square, home of its Los Angeles Times newspaper, said Gary Weitman, a company spokesman. A sale is still an option, he said, denying a Crain’s Chicago Business report that Tribune scrapped plans to put the Chicago building up for sale.
“Given the downturn in the real estate market, it’s less likely that we’ll sell the properties but we are still looking at all the options to maximize the value of both properties,” Weitman said.
Tribune is working with real estate firms to secure tenants and determine other uses for the buildings, Weitman said.
February 24, 2009
Illinois Online Real Estate Courses
Accelerated Discount Learning Centers, Inc. offer courses which fulfill the State of Illinois Continuing Education requirements. We also offer elective courses designed to expand your knowledge in areas such as 1031 Tax Deferred Exchanges and Reverse Mortgages. Each six hour course contains a 50 question True/False exam. The State of Illinois requires that every exam be proctored. Please refer to the Proctor Application for more information. A passing grade is achieved with a score of 70% or better. If necessary, a re-take of the exam is free of charge.
Next Crisis: Commercial Real Estate
Atlanta Fed president sees U.S. housing troubles spreading to office and retail segments.
Word of another wave of mortgage-related pain added to investor unease Monday after a top Fed official warned that American real estate troubles will go commercial this year. Nearly all asset classes took a hit for the day, with only the dollar showing appreciable gains.
Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said he was concerned that U.S. banks remain “pretty heavily exposed” to commercial real estate. “It is the one domestic factor that keeps me up at night,” he said.