At the first glance, investing in commercial real estate may seem to be a quick and easy way to obtain a quicker, higher return on your capital. However, this many not always be the case. Though there seems to be a growing demand for commercial real estate, despite the global financial crisis, this market can also be risky for first timers, especially while dealing with larger projects like malls and office buildings.
Tennis legend Pete Sampras and wife Bridgette Wilson-Sampras recently sold their massive modern mansion in the coveted Lake Sherwood neighborhood of Thousand Oaks. The final purchase price was not disclosed though it was last publicly listed in July at $19.95 million.
Miami Heat's Shane Battier has purchased a colonial in Coral Gables for $ 3.22 million. Built in 1926, the 5-bedroom 5-bathroom mansion has been renovated and polished to perfection and boasts of 6,100 square feet of space fully renovated in 2008.