TOP CRE Brokers New Year Resolutions for 2019

Contributing Author: Jay Verro, CCIM

As we kick off a new year, we are always looking for ways to improve our brokerage services and provide the best possible experience for our clients. In 2019, we will be focusing on numerous things to continue being the best commercial real estate brokerage we can be. Setting guidelines and goals can help balance your calendar, while increasing your success and happiness throughout the year.

Continue reading TOP CRE Brokers New Year Resolutions for 2019

2019 NNN Forecast

Contributing Author: Sean O’Shea

As many much smarter ‘guys’ than me (and smarter women, too) are reviewing the last year; and struggling with Forecasts for 2019, at this time, there has been a lot of discussion about Fed Policy on rates and their impact.

Bloomberg had a recent interview with the legendary hedge fund and financial advisor, Stanley Druckenmiller, who was reviewing the last ten year era; and he was critical, then, (2009); and now, (2019) regarding rates and the liquidity implications of the unwinding of QE policies.

We think some useful language, is to characterize ‘asset bubbles’ or the asset inflation that these policies may have created as a real thing. Actually, many are referring to this period as the ‘Bernanke-Yellen Asset Inflation’ period.  

Continue reading 2019 NNN Forecast

Start Using these 5 Tools to Grow Your Brand and Be More Productive

Contributing Author: Levi Steier

As a commercial real estate (CRE) broker or salesperson, you may operate as part of a group, however, you are also an independent contractor, and in many ways, operating your own business. This means you should be developing a marketing strategy of your own, in conjunction with your firm’s marketing plan, to help you grow your personal brand, get more listings, and become a leader in your market and/or area of specialization.

There are many great tools available to help business owners leverage technology, and this is equally true for marketing yourself, growing your brand, and measuring your efforts.

Here are some tools you might want to consider adding to your toolkit.

Continue reading Start Using these 5 Tools to Grow Your Brand and Be More Productive

End of Year 2018 Wrap up for CRE

2003-2005 “Irrational exuberance” a la Greenspan, now famous quote;

2008-2010 Great Recession and aftermath:  PTSD for many of us;

2016-2018 Recovery being fully realized after almost a decade;

2019-2020 And Beyond: A measure of Uncertainty???????

With the marking of George H.W. Bush’s passing, we are afforded, yet, another “Opportunity to take stock.”

For those readers and investors who were beneficiaries, in this past year of the Tax and Jobs Act of 2018, I suspect, we can readily acknowledge the positive impacts of stock market valuations, due, in part, to share buy backs; and, shortly, when we do our taxes at new rate structures.   The Economy has continued… (Is it sustainable?).  The introduction of Opportunity Zone Funds, as once-in-a lifetime tax incentives, if properly executed, are also very encouraging.

Continue reading End of Year 2018 Wrap up for CRE

Top 10 Suggestions for Selling Commercial Property

Congratulations, you successfully signed up a new listing, now you have to perform and sell the listing. If you are looking to perform quickly, to the best of your abilities, and acting in the best interest of your client you should be open to cooperating with other brokers. This can have some drawbacks, as brokers have overlapping clients, but overall the more people working on a listing the greater the chances the deal turns into a transaction and closes. Also, half of a commission is better than no commission. In today’s market buyers are coming from all over the place, not just other states but outside the country as well. In order to reach more buyers and increase leverage as a seller’s agent you have to reach a large audience and create buyer demand.

Here are our Top 10 Suggestions for Selling Commercial Real Estate: Continue reading Top 10 Suggestions for Selling Commercial Property

Spotlight Interview: Vamsi Bonthala, CEO Arbor Lodging Partners

LD: What career path did you want to take when you were in college?

VB: I knew I wanted to be an entrepreneur and start a business some day (it was the heyday of Internet 1.0 after all!), however, there was no particular industry that grabbed my attention.  I was just attracted to the idea of “doing deals”, creating something, and learning a lot.  As a result, I decided to focus on investment banking or law so that I could get exposure to transactions and different industries, and ultimately elected to go to law school.

 

LD: What events in your career path brought you to your current position as CEO of Arbor Lodging Partners?

VB:  Prior to starting Arbor Lodging, I was a real estate and private equity attorney with large law firms in New York.  I worked with very talented colleagues and driven clients while getting exposure to complicated transactions, but that side of the business was not for me.  Continue reading Spotlight Interview: Vamsi Bonthala, CEO Arbor Lodging Partners

Things to Consider when Purchasing a Multi-Unit Commercial Property

Contributing Author: Michael McGovern

An enormous amount of concern goes into the decision to purchase and renovate multi-unit property and therefore becoming a landlord. Additionally, providing pro-active property management and the necessity of being on call can affect all aspects of life yet the rewards of creating quality housing while realizing a generous financial return can provide quite a benefit offsetting these demands.

Before agreeing to accept this business model and lifestyle it is critical to fully understand the process, therefore increasing the odds of having a financially and personally rewarding experience. It is also of great value to work with an experienced, licensed Real Estate Broker who can assist with the entire process from site selection to document review. Continue reading Things to Consider when Purchasing a Multi-Unit Commercial Property

Commercial Real Estate Portfolio Management Software that Cooperates with your Other Software

Commercial Real Estate Portfolio Management Software has finally been made simple. After making a name for themselves with their residential analyzer software, the seasoned team at STRATAFOLIO have created a CRE Portfolio Management Software that communicates with other software, eliminating double data entry and mitigating the errors that come along with it.

We’re all familiar with the adage you can’t manage what you can’t measure. Although most people would agree with this statement, many companies jump through hoops putting measuring into practice. A vast majority of companies are not able to accomplish this even if they wanted to. If this is you, you are not alone. Measuring and monitoring for many commercial real estate organizations that manage real estate are complicated. An Altus report stated that nearly 78% of organizations worldwide use multiple software systems that don’t communicate with each other. This structure makes understanding global cash flow, asset performance, and overall expenses very hard. Continue reading Commercial Real Estate Portfolio Management Software that Cooperates with your Other Software

Retail…For Whom the Bell Tolls?

Looking at current affairs in commercial real estate (CRE), you will quickly note a lot of ink is being spilled over retail and its impending death. As a digital marketer and tech enthusiast, I am keenly interested in the conversation surrounding the state of retail. Daily headlines announcing the closure of various retail outlets and a never-ending barrage of articles on the growth of Amazon has probably convinced many that the death knell is indeed ringing for retail.

And it’s not just retail. We are seeing this type of disruption across many industries. Technological disruptions, including automation, are bringing about drastic changes across many industries. Obviously, in some instances, industries will die. Broader reading, however, illuminates us to the probability of significant change in retail rather than outright death. Continue reading Retail…For Whom the Bell Tolls?

Surviving a Multi-Offer Process in Commercial Real Estate

Contributing Author: Cory M. Tyksinski

The process of buying commercial real estate (CRE) can be complex, long-winded and sometimes challenging, even if you are the only buyer negotiating to purchase a property.  The complexity increases when multiple buyers seek to purchase a property at or about the same time. While simultaneous multiple offers in CRE are rare, it will be helpful to keep the following tips and tools in mind if you find yourself in the middle of a potential bidding war.

A. The Seller always wins. If you are one of the potential suitors for a commercial property, a common misconception is that the seller always wins in a multi-offer process Continue reading Surviving a Multi-Offer Process in Commercial Real Estate

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