September 05, 2018
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
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?
August 17, 2018
With $150 Billion of commercial property for sale being marketed on LDCRE, integrating in an online lending platform to finance commercial real estate development and finance commercial real estate acquisitions seemed extremely beneficial to LDCRE’s network of persons selling commercial real estate and persons buying commercial real estate.
We explored a number of potential partnerships to design and implement a CRE Finance Platform which we felt best suited LDCRE and its user base. Hundreds of lenders are connected to StackSource’s platform, giving the borrower leverage and having lenders compete for the loan. StackSource has a great product, a great reputation, their platform is entirely online and its broken down into a few simple steps. Continue reading LDCRE Launches CRE Financing Partnership
August 15, 2018
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
August 08, 2018
Contributing Author: Sean O’Shea
We are always told that ‘Asset allocation’ is critical to your Investment Portfolio. This is true for your real estate portfolio, too. NNN assets can play a role; but your selection criteria needs to be is more than, merely, debating cap rates, in our experience. We have stated in a number of prior Net Lease Blogs, “Not all Net Lease properties are the same”. This has never been more true.
The supply of these NNN properties has improved, significantly, since 2009-2010 Great Recession period; and we have a decade of low interest rates, the result of the Federal Reserve policies, with rates gradually moving upwards with rates increasing the margin of error due to very, very thin ‘spreads’. Cap rates going up; not down, as we have had the luxury of low rates in the last ten years. It covered a number of potential miscues…The Market is, now, changing; and extra care is required for best investor results. Continue reading How do NNN assets play a role, as a bond-equivalent investment, in an uncertain environment, like 2018-2019?
August 02, 2018
Contributing Author: William F. “Felton” McLaughlin – CCIM, SIOR
When is it time to start the time-consuming search for new office space? Typically that decision is driven by one or more of the following: an upcoming lease expiration date, space that’s either too small or too large for your current needs, and/or the desire to own vs. lease. Whatever the reason, there are some important things to consider as you head down the sometimes arduous path to finding new office space.
Time– The amount of time remaining on your existing lease term can either be an asset or a liability to you. Tenants that are not sweating out a lease expiration are less likely to be pressured by landlords looking for a quick commitment. So, it is imperative to start the process early before that expiration date starts to erode your negotiating leverage with prospective landlords.
Team– Have you picked the advisors you will need? A short list should include the following: Continue reading Do You Need Tenant Representation for Office Space?
July 22, 2018
Contributing Author: James “Jay” Verro, CCIM
Whether you’ve just been hired to consult with land owners or you are wanting to purchase a parcel of land for any kind of commercial development use, don’t go it alone. Doing so can easily lead to some very expensive learning experiences and will make the progression of the project much more difficult.
Developing, or re-developing, a parcel of land for commercial real estate (CRE) uses takes a variety of skills and expertise. There are critical decisions to be made and numerous processes to navigate at every point of the journey. Prior to even going to the governing municipality for approvals, a property owner needs to develop a team of experienced professionals to provide guidance with these processes and help ensure the best decisions are made along the way. Continue reading The Professionals Needed for A Cohesive CRE Development Project
July 10, 2018
Contributing Author: Sean O’Shea
Remember, as we have stated in a number of prior Net Lease Blogs, that “Not all Net Lease properties are the same”. Never more true.
We have just completed a series of IRC 1031 Exchange Transactions, which have provided us a new vantage point:
“Where we are 10 years later” in Q2, 2018?
“Where we may be going for balance of the year 2018-2019?”
Almost all knowledgeable observers and participants in the Net Lease Sector of the real estate industry would, now, admit, that we are in the late phase of this Real Estate Cycle after a whole Decade of Recovery. The subject matter in industry publications has changed recently. Subjects have shifted from NNN inventories, to issues of hedging inflation for the 1st time in 10 years, to raising interest rates (and presumably cap rates) moving northward. Some are even whispering about “A new Recession” in the predictable near term future is new subject matter. Continue reading Time for a “NNN Up Periscope in Q2 2018” from the Great Recession of 2008-09…what is really going on Ten Years later?
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
June 19, 2018
Contributing Author: Levi Steier
As with any industry, Commercial Real Estate (CRE) vocabulary can sometimes be intimidating for the inexperienced. If you are starting a new business or considering investing in CRE, your interests would be best served by gaining some insider knowledge.
While you should always consult an experienced commercial real estate broker and retain their services, having a baseline understanding of some key terminology and concepts will improve your experience, make you more comfortable, and inform your decision making as you work toward a deal that is right for you and your needs.
- Expansion Rights – The legal right given by a landlord to a tenant to occupy additional leasable area in a building in the future.
Continue reading 15 Commercial Real Estate Terms You Need to Know