2009 September | Real Estate Ambassador

Archive for September, 2009

Turnkey Business for sale in northern Wisconsin

filed under: Business Opportunities, Commercial Property For Sale posted on September 28th, 2009

Broadway Theatre

Turnkey Business for sale in northern Wisconsin: Five-screen movie theatre with a total seating capacity of 597. Each theatre is individually climate controlled with central air and forced-air heat. All 5 cinemas have Dolby Digital Surround Sound. Ceiling height is 20 feet. Concession stand. Real estate and equipment included in the sale. Large parking lot.

Population within five-mile radius is greater than 5,000. 100% of the local market share.

Located near Medford High School. High Traffic and High Visibility on US Hwy-64 at 910 West Broadway Avenue, Medford, WI.

For a virtual tour of the facility click www.MedfordMovies.com.

This commercial property is listed by Ark Rhowmine of Grubb & Ellis | Pfefferle, Wausau, WI for the asking price of $640,000.00. d.b.a – Broadway Theatre - Medford.

To view other commercial properties listed by Ark Rhowmine click here.
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Ark Rhowmine | Commercial Real Estate Agent | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | WI | 54402
C: 715.297.1953 | O: 715.355.6060 | F: 715.355.6044

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IRS Issues Commercial Real Estate Loan Modifications Guidance

filed under: Commercial Real Estate Market, Real Estate Investment Strategies posted on September 18th, 2009

Today, I was reading an e-newsletter from Reinhart Headlines in Real Estate Law regarding new guidelines Commercial Real Estate Loan Modifications issues by the IRS. I felt this would be of interest to some and thought it worth passing on.

“On September 16, 2009, the Internal Revenue Service issued highly anticipated guidance that will allow some commercial mortgage loans held by Real Estate Mortgage Investment Conduits (REMICS) and investment trusts to be modified prior to default without triggering adverse tax consequences to the holder. This guidance may be of great assistance to borrowers who have conduit financing (securitized loans)…” click to read the full article.

Also for more information the Revenue Procedure 2009-45 is available at: http://www.irs.gov/pub/irs-drop/rp-09-45.pdf

To view Commercial Real Estate & Investment Properties listed by Ark Rhowmine click here.