Comments on: Economic woes and the startup. http://moanderlawfirm.com/blog/archives/14 A blog dedicated to Wisconsin business law and business litigation matters, authored by Chris Moander of the Moander Law Firm. Thu, 04 Dec 2008 21:19:14 +0000 http://wordpress.org/?v=2.5 By: Ryan Roberts http://moanderlawfirm.com/blog/archives/14#comment-36 Ryan Roberts Wed, 05 Mar 2008 19:44:27 +0000 http://moanderlawfirm.com/blog/archives/14#comment-36 Down here in Texas, the bankers I know aren't seeing a slowdown in real estate projects. They are just having a harder time getting projects through the loan committee. Of course they are worried about the downturn, but I have a suspicion that some of these banks are low on deposits. So if the banks aren't lending the money for these projects, I expect there will be more of a trend towards private investment. Down here in Texas, the bankers I know aren’t seeing a slowdown in real estate projects. They are just having a harder time getting projects through the loan committee. Of course they are worried about the downturn, but I have a suspicion that some of these banks are low on deposits.

So if the banks aren’t lending the money for these projects, I expect there will be more of a trend towards private investment.

]]> By: Rush Nigut http://moanderlawfirm.com/blog/archives/14#comment-6 Rush Nigut Fri, 15 Feb 2008 02:26:03 +0000 http://moanderlawfirm.com/blog/archives/14#comment-6 You are correct about farmland. Farmers are getting a hefty premium for ground although like everything else it can't go straight up. Actually what I am seeing is that several developers are in trouble and it has made prices attractive for new players. The Des Moines and Iowa markets are probably a little more stable than most but there is no question the real estate downturn has caused some problems here with some major developers. You are correct about farmland. Farmers are getting a hefty premium for ground although like everything else it can’t go straight up. Actually what I am seeing is that several developers are in trouble and it has made prices attractive for new players.

The Des Moines and Iowa markets are probably a little more stable than most but there is no question the real estate downturn has caused some problems here with some major developers.

]]> By: Chris Moander http://moanderlawfirm.com/blog/archives/14#comment-5 Chris Moander Tue, 12 Feb 2008 21:03:03 +0000 http://moanderlawfirm.com/blog/archives/14#comment-5 That is really interesting. I assume the development is commercial and not residential. The capital would have to be substantial as I also assume most real estate purchased for development in Iowa is bought from farms, especially in and around Des Moines, and farmland can command a hefty price unless the farmer is in financial trouble. Then again, it's been seven years since I lived in Iowa...so things may have changed. I guess things in the Midwest are looking better than elsewhere? That is really interesting. I assume the development is commercial and not residential. The capital would have to be substantial as I also assume most real estate purchased for development in Iowa is bought from farms, especially in and around Des Moines, and farmland can command a hefty price unless the farmer is in financial trouble. Then again, it’s been seven years since I lived in Iowa…so things may have changed.

I guess things in the Midwest are looking better than elsewhere?

]]> By: Rush Nigut http://moanderlawfirm.com/blog/archives/14#comment-4 Rush Nigut Tue, 12 Feb 2008 04:30:02 +0000 http://moanderlawfirm.com/blog/archives/14#comment-4 Chris, In Iowa, I am told there is more money for venture capital than good companies. I am also seeing many who are unafraid to start-up in this environment including real estate development because they believe the prices are so good. Chris,

In Iowa, I am told there is more money for venture capital than good companies. I am also seeing many who are unafraid to start-up in this environment including real estate development because they believe the prices are so good.

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