15 Commercial Real Estate Terms You Need to Know

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.

  1. 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

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

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

LDCRE included in National Association of Realtors’ (NAR) published list of “Commercial Data & Listing Resources”

NAR recently compiled a list of third party commercial real estate technology
companies that offer commercial real estate listing services, email marketing, and research as third party tools for NAR’s commercial real estate members. The Lists can be viewed at: Commercial Data & Listing Sources (NAR)

  • Listing Platform Services (LDCRE is listed)
  • Research Property Data (LDCRE is listed)
  • Marketing/Email Blast Services
  • Commercial Information Exchange/Commercial MLS Providers (LDCRE is listed)

Continue reading LDCRE included in National Association of Realtors’ (NAR) published list of “Commercial Data & Listing Resources”

Spotlight Interview: Fred Mercaldo, CEO & Partner at Geocentric Media

LDCRE Interview with Fred Mercaldo, Founder and CEO of Geocentric Media.
Geocentric Media is the largest owner and manager of city-based websites throughout the world. LDCRE provides commercial real estate listings to all of Geocentric Media’s 900+ city and regional based websites. Fred and his team develop all their own websites, create and integrate relevant content for each of these websites throughout 900 markets while providing a number of services to businesses and consumers in each of their markets.

LD: I know you initially entered the geo-domain space (websites with city, state, regional, or country based URLs) with the acquisition of Scottsdale.com. Scottsdale is a well-known city, and one of the top travel and golf destinations, it is obviously a great website. But what made you recognize it was a great investment, what did you see beyond what it was? Continue reading Spotlight Interview: Fred Mercaldo, CEO & Partner at Geocentric Media

LDCRE’s Roundtable Discussion on 2018 CRE State of the Market with Jeff Rowlett, Sean Lyons, and Nick Miner

Say I inherit $25,000,000 and it has to be invested in Commercial Real Estate before the close of 2018; where should I invest in Commercial Real Estate?

LDCRE conducts a Roundtable discussion on the commercial real estate state of the market with three leading commercial real estate brokers, all of whom are all in the trenches every day. Nick Miner,CCIM is Senior Vice President at ORION Investment Real Estate, Sean Lyons is a Founding Partner at Triad Real Estate Partners, and Jeff Rowlett is a leading Investment Advisor at Marcus & Millichap serving private capital investors in Chicago, Milwaukee and nationwide. Continue reading LDCRE’s Roundtable Discussion on 2018 CRE State of the Market with Jeff Rowlett, Sean Lyons, and Nick Miner

The Coldwell Banker Commercial® organization & CENTURY 21 Commercial® connect commercial listings to LDCRE to increase local and global market reach

LDCRE’s global Commercial Real Estate listing syndication enables Coldwell Banker Commercial® and CENTURY 21® domestic and international offices, agents and listings to enhance local and global CRE marketing through news websites around the globe.

For more information on Coldwell Banker Commercial or CENTURY 21 Commercial, visit: cbcworldwide.com or https://commercial.century21.com

Search $100+ Billion in commercial Real Estate for Sale and 3+ Billion square feet for lease across 7,600 global cities and 29 countries on LDCRE.com.

Spotlight Interview: Laurence “Larry” Bergman,Principal at NAI Bergman

Laurence Bergman, a founding member of NAI Bergman, is a licensed real estate
broker in Ohio, Kentucky, and Georgia. Larry oversees business and client development, NAI Bergman licensee supervision, acquisition / disposition representation, and engages in transactional activity.

Larry is a consistent award winner in Commercial Real Estate. In 2014, he was selected by the Midwest Real Estate News Commercial Real Estate Hall of Fame. He was also awarded NAI Global’s President’s Award – Eastern US Markets. The President’s Award recognizes leadership, teamwork and business generation. Out of 400 NAI Global affiliates, NAI Bergman was nominated for company of the year and was recipient of The Eagle Award – Major Markets – US. Larry has been consistently recognized as a Top 10 Costar Power Broker in Sales and/or Leasing transactions, and was also recognized by the Cincinnati Business Courier as a Top 10 Commercial Real Estate broker. Through Larry’s community efforts, NAI Bergman was selected as the 2012 Blue Ash Business Advocate of the Year. Continue reading Spotlight Interview: Laurence “Larry” Bergman,Principal at NAI Bergman

Spotlight Interview: Bob Sattler, President Lee & Associates Orange

Bob has over 35 years’ experience in commercial real estate from developing small industrial buildings for sale and multi-tenant parks for lease to being a broker leasing and selling office and industrial properties in the North Orange County market. After 15 years at CB Richard Ellis he joined Lee & Associates in 1998 and has been a consistent Top producer. His community and civic involvement includes being president and board member of organizations such as the Rotary Club of Fullerton and the Executive Council of the College of Business at Cal State Fullerton.

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

BS: An unusual one of getting a degree in physiology and a masters degree in business. Commercial Real Estate wasn’t on my radar until my father came to me wondering if I would be willing to build a multi-tenant industrial project on some land he owned. Continue reading Spotlight Interview: Bob Sattler, President Lee & Associates Orange

Spotlight Interview: Vishu Ramanathan/ CEO, Buildout Inc.

LDCRE is pleased to announce its listing syndication partnership with Buildout! Buildout is a Commercial Real Estate marketing and document creation platform designed to unburden commercial real estate brokers of much of the administrative work that goes into creating marketing materials and listing properties on the broker’s website, as well as on third party websites. This partnership enables Buildout clients to easily post their listings and updates on LDCRE’s Free Commercial Real Estate Listing Distribution Platform via Buildout.

 

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

VR: I wasn’t a career-oriented kid. I wanted to hang out and play in a band. I studied physics in college because I liked physics, not because I thought it would get me a job. Continue reading Spotlight Interview: Vishu Ramanathan/ CEO, Buildout Inc.

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