Austin Business Journal – by Francisco Vara-Orta
Date: Thursday, November 11, 2010, 5:13pm CST – Last Modified: Friday, November 12, 2010, 8:11am CST
Foreclosure postings of commercial real estate in Austin are up 13 percent so far this year compared with the first 11 months of 2009, according to a new report. But the tail end of the year has shown improvement, and as savvy investors pick up some few remaining steals, the market is cautiously optimistic.
From January through November, there were 951 foreclosure postings filed on commercial properties in the Austin metro area, compared with 838 for the same 11-month period last year, according to Foreclosure Listing Service, which tracks such activity throughout Texas.
Addison-based Foreclosure Listing Service’s report included several …