Timing Your Exit Strategy as An Office Landlord

Contributing Author: Jay Verro, CCIM

With the ever-changing landscape in the office leasing market, it makes sense for landlords to have an ever evolving 5-year plan. Generally speaking, office leases in the Albany MSA market are 3 to 5-year lease terms, often with matching length renewal options.

With corporate downsizing, company mergers, telecommuting and smaller office size requirements, there is an incredible amount of space options available to tenants. Landlords who do not recognize that fact along with those who lack the creativity to get a lease to the finish line will sadly end up with vacancies for an extended period.

While challenging to accept, landlords need to be informed that not every asset appreciates in value. Continue reading Timing Your Exit Strategy as An Office Landlord

Take a Closer Look at Your Commercial Property Assessment

Contributing Author: Jay Verro, CCIM

After a long winter in our region, most folks are eager for nicer weather. Take advantage of the nicer weather by taking a trip to your local Town or City Assessor’s Office. While mundane sounding, the effort could be well worth it when you get your property tax bill.

There isn’t a fixed percentage at which a property must be assessed at in New York State. Many communities rely on the state to provide something called an “Equalization Rate”.  Each community determines its “Total Assessed Value” (AV) while the state determines the municipality’s “Total Market Value” (MV).

TOTAL  AV ÷ TOTAL  MV = EQUALIZATION RATE (ER) Continue reading Take a Closer Look at Your Commercial Property Assessment

Seattle, Washington goes to the Côte d’Azur / Seattle goes to MIPIM 2018

Contributing Author: Chad Gleason, CCIM

It is not often that the State of Washington attends international real estate conferences, but with the incredible growth of the Greater Seattle Area and growing interest from international investors, Washington State made its debut at MIPIM 2018.  MIPIM (Le Marché International des Professionnels de l’immobilier)is an international property, real estate development and investment event hosted annually in Cannes, France. From the official press release from MIPIM, there were over 26,000 real estate professionals, many city and political leaders, with well over 4,500 investors from over 100 countries, who came together for the 4-day event at the Palais des Festival, Cannes. They came to see, share and network with what the world has to offer in real estate investment and development. Continue reading Seattle, Washington goes to the Côte d’Azur / Seattle goes to MIPIM 2018

1Q18 Officially in the Books

Contributing Author: Nick Miner, CCIM

It is amazing how fast the first quarter of each year always seems to fly by.  It is a non-stop, press on the gas pedal type of quarter and 2018 was no different than 2017; well, maybe?

In looking back at total transaction velocity for Phoenix Metro in 2017, there was on average about 260 closings a month (office, retail, industrial, land, apartments, etc.).  When you look at 1Q18, that number is about 192 closings a month; a net drop of almost 26% just in transaction velocity. This is before a deep dive into any one product class; just the macro look at transaction velocity.

There are several reasons that could go into the drop in transaction velocity with one of the main issues being tax reform and the debates leading up to the final product.  The banter back and forth in Washington definitely had the investment markets captivated as to what would ultimately be passed. Continue reading 1Q18 Officially in the Books

A Net Lease Asset History Lesson

Contributing Author: Sean O’Shea

We believe it is, in fact, helpful to have some historical sense of the evolution of the Net Lease Niche of the Real Estate Industry to have a better sense as to how these asset fit into the investment objectives of investors small and large in today’s maturing marketplace.

If you think about it, real estate, as an investment asset class, is a relatively recent development. It was always an entrepreneurial endeavor and was fueled as a worthy investment vehicle going back to the ‘mid-70’s and ERISA provisions, in those days total assets of private pension funds amounted to something like $164 billion dollars; today, of course, its in the “Trillions.” Continue reading A Net Lease Asset History Lesson

The Lost Art of Due Diligence

Contributing Author: Jay Verro, CCIM

Today’s CRE investment transactions involve investors from around the globe, which can lead to pertinent due diligence items being over-looked. A significant percentage of larger property sellers and buyers rely on 3rd party vendors to provide items such as building size, acreage, ceiling height, etc. As an example, Leases that have missing Exhibits, such as site plans, building / space drawings should be a red flag that further “boots on the ground” verification is warranted. It is not uncommon for buyers to submit offers and even purchase properties sight unseen.

Engaging local experts is an excellent way for a buyer to hedge their bets for the future vs. simply buying for an acceptable return now. Continue reading The Lost Art of Due Diligence

Building Bridges not Walls, the Future of Commercial Real Estate

Commercial Real Estate Technology (CRE Tech) firms have emerged addressing a number of industry challenges, which have long been accepted as normal. A few of the solutions are enhancing Customer Relationship Management (CRM), centralizing information sharing, simplifying the creation of marketing materials, increasing the quality of market data, and increasing market reach on offerings. Each CRE Tech Company offers beneficial solutions, but what is most important is the value these CRE Tech firms collectively offer to their clients. Continue reading Building Bridges not Walls, the Future of Commercial Real Estate

Apto Connects to LDCRE

LDCRE is pleased to announce Apto has connected to LDCRE’s Commercial Real
Estate Listing Distribution Platform, enabling Apto clients to easily syndicate their listings to LDCRE and its network of 900+ news websites throughout the world.

“This is a win-win-win solution,” Says Brendan Hotchkiss of LDCRE “it allows Apto to offer greater market reach to its clients for free, it enables Apto’s clients to push their listings to 900+ news websites with the click of a button for free, and it allows LDCRE to better serve investors and tenants searching properties for sale or lease on LDCRE.com and throughout LDCRE’s publisher network by increasing listing inventory.” Continue reading Apto Connects to LDCRE

Commercial Real Estate Listing Distribution Platform grows by 325x Multiple

LDCRE is a free commercial real estate listing distribution platform that allows
brokerage firms to connect their listing inventory directly to LDCRE.com through an API (Application Program Interface). Once the connection is set up all new listings and listing edits flow from the broker/brokerage firm to LDCRE on auto-pilot without any further work by the broker/brokerage firm.

LDCRE set out to not only be a free CRE listing platform, but to be a CRE Listing Distribution Platform with the largest distribution network of news websites where LDCRE powers the CRE listings. In the beginning of 2017 LDCRE was distributing CRE listings to 3 news websites in NYC, Chicago, and Scottsdale. By the close of 2017 LDCRE grew its distribution publisher network from 3 to 900+ (600+ Domestic and 300+ International). “When you see a growth of 32,550%, or a 326.5x multiple within 12 months it makes you rerun the numbers on the calculator a couple times, but our team worked very hard on growing our network for a couple years; it was not an overnight success by any means.  Continue reading Commercial Real Estate Listing Distribution Platform grows by 325x Multiple

Looking for CRE Contributing Authors in the top 50 MSAs

Are you a CRE Expert in your market? Are you interested in being a contributing author for LDCRE covering CRE News in your market? Your columns would be posted in LDCRE’s News and upwards of 900+ news websites around the world. What better way to show clients you are THE MARKET EXPERT than being the point person for CRE news in your market for LDCRE its syndicated network of 900+ news websites.

Benefits to Contributing Authors:

  • Free PR on LDCRE and upwards of 900+ news websites.
  • Your contact information and linked website will be posted in every article you write, in every website where the article is posted.
  • Each article will deliver hundreds of links back to your website.

Continue reading Looking for CRE Contributing Authors in the top 50 MSAs

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