Land Rover LRX Hybrid Black Car

Land Rover has announced the debut of the Land Rover LRX Hybrid black for North American at the New York Auto Show. As announced by Land Rover, that the Land Rover LRX Hybrid black was designed to highlight its suitability for contemporary personalization.

As its name, the Land Rover LRX Hybrid black using a 2.0-liter turbodiesel hybrid engine that emits around 120 g/km of CO2 and gets a fuel economy of 50 mpg.

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Dallas Commercial Real Estate Market Does A Rebound

Dallas City in Texas continues to experience steady growth in its real estate industry notably on the commercial side. This is not really a wonder as Dallas is a large city which accommodates several huge industries consisting of the petroleum, transportation, banking, information technology and telecommunications sectors. But despite the growing economy, Dallas remains to be among the most affordable cities in the U.S., according to Forbes.

The Dallas Texas real estate industry has also maintained its momentum since it began experiencing its booming days back in the 1980s. The Dallas commercial real estate including the big buildings and skyscrapers was a major growth factor. In addition, the Dallas metroplex accommodates numerous high-end shopping centers more than that of any other city or state in the U.S.

Experts reveal that the commercial real estate market in Dallas is in great condition compared to the residential properties. In terms of foreclosure, the percentage of Dallas office space, apartment, industrial and retail buildings is very small. This is due to the fact that commercial companies almost always have the financial resources to carry out their expansion and construction projects.

Dallas is seen to continue being a commercial real estate hub in the many years to come. Currently, new construction projects of condos and townhouses are widespread around this booming city. The other good news is that many of the office spaces previously available in Dallas have already been occupied or pre-leased. The central business district of the city has reduced its office vacancy rate to 24 percent as of end of September 2007.

The year 2007 has proved to be favorable for the Dallas commercial real estate sector. Latest reports from Cushman & Wakefield say office tenants that have been expanding and relocating have leased 1.5 million square feet more of office space in the Dallas-Fort Worth area in the first half of the year. The third quarter net leasing has also soared nearly 90 percent from totals in mid-2007. A recent report by Delta Associates showed that Dallas-Fort Worth is seen to accommodate an average of 4.8 million square feet of office space each year until 2010.

As for construction, an estimated 6.9 million square feet of office space is now being built in Dallas-Fort Worth as of the middle of 2007 and this is bigger than in 2006. Of the estimated office space being constructed, more than 40 percent is already pre-leased. Rents have also risen to seven percent from the 2006 rates. Third quarter figures show that office rents averaged $19.42 per square foot while rents for medical office space rose 12 percent to $24.4 percent.

With all these positive developments going on, the future of Dallas commercial real estate is indeed looking bright. Many real estate investment firms are seeing a low vacancy rate and substantial rent gains this 2007. Developers are also projected to provide 2.6 million square feet of office space by the end of the year while building owners are expected to ask for higher rents as a result of lower vacancy. The reduction in vacancies is being attributed to the surge in employment by 3.2 percent covering more than 900,000 jobs by year end.

Hard Corners on Commercial Real Estate

While the words “Hard Corner” may not mean much too many people, when it comes to commercial real estate, they are definitely two very important words to consider. You see, when it comes to commercial real estate this is an important term that can be the makings of a great commercial real estate deal. When you are investing in real estate, you want to be sure that you find the key ingredients to making great commercial real estate deals. “Hard corners” are definitely one of those key ingredients that you need to keep in mind for a great deal.

Basically a “hard corner” is a piece of real estate that is located right where two roads intersect. This means that the land has frontage on two of its’ sides, which makes it very valuable. It really doesn’t take a genius to figure out that a piece of land that has two sides of frontage is going to be extremely valuable. Most of the time, real estate that is right on the corner of a major intersection will command a great deal more money than other pieces of property that only have road frontage of one side. In fact, land on “hard corners” can bring you at least 50% more than similar properties that only have one side of road frontage.

When you are evaluating how much a piece of retail property is worth the proximity to roads as well as the accessibility to roads is going to be and important thing to consider. More than likely people are not going to go to businesses that are difficult for them to get to. Businesses, such as pharmacies, restaurants, and gas stations find that they get twice the flow of business and exposure when they are located on a “hard corner” property.

Visibility is also an important factor for businesses when it comes to “hard corners.” If you only have property with one side of road frontage, you will not be as visible to potential customers as you would be if you had two sides of frontage. Buildings that are on the corner tend to draw in more customers, since they are easy to get to and highly visible as well. When it comes to attracting customers, “hard corners” are the way to attract them when they are passing by your area.

If you want to maximize your investment as a commercial real estate investor or as a developer, then “hard corner” properties are definitely a great choice. Look for retail properties that fall at busy intersections and consider investing in them. Since they have so much road frontage they have a high value when it comes to dollars per square foot. However, it is also important that you understand that there will be various costs associated with purchasing this type of property, such as the cost of acquisition. Be sure to weigh the costs as well as the expected profits before you decide to take on this type of an investment.

Not only do you have the ability to make more money when investing in land with “hard corners,” but you will probably be able to turn over the property more quickly as well. Property with great road frontage is in high demand and many businesses are constantly looking for these types of properties. So, if you purchase a property that is on a “hard corner” no doubt you’ll be able to turn it over very quickly and for a sizable profit as well.

So, when you combine great profits with great turnover times, you get a win-win situation in commercial real estate. If you are looking for a great commercial real estate retail deal, then be sure to start looking for “hard corner” properties. No doubt you’ll be setting yourself up to make an excellent profit.