From SmartBusiness 02.01.2012
Summary: Commercial tenants (for example, those in Berwick Marketplace) whose landlords go into foreclosure may find out the hard way why SNDA lease provisions are important. Subordination, nondisturbance and attornment — or SNDA — clauses must be examined and negotiated before signing a commercial lease in today's market.
Key Quotes:
“Subordination, nondisturbance and attornment — or SNDA — provisions are something tenants should pay attention to in their lease in the event of a default by the landlord that leads to foreclosure,” says Cameron McCausland, partner and director of Transaction Management at Southfield, Michigan-based Plante Moran CRESA.
SNDA provisions define the responsibilities of property owners, lenders and tenants if the owners should default. Distribution of insurance proceeds in the event of casualty or condemnation is also often included in SNDAs.
Tenants need to pay attention to SNDA provisions in their leases to avoid the negative fallout should a lender take over and attempt to implement aggressive tactics. When the lender becomes the landlord, its primary objective will be to preserve or recover as much capital as possible, which can involve raising rent, failing to honor rental abatement periods, revoking tenant improvement allowances and even eviction. The lender’s actions are often driven by market conditions.
Read the full article at: How commercial tenants can enforce their rights in the event of foreclosure
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Showing posts with label commercial landlords. Show all posts
Showing posts with label commercial landlords. Show all posts
Sunday, February 19, 2012
Monday, January 30, 2012
The Smart Way to Choose Investment Properties
Summary: The key to a successful rental property is not getting it at a bargain basement price; the key to success is the tenant who lives there. Before you buy based on price, consider buying based on potential occupancy. Invest in great properties in great areas.
Key Quotes:
Due to their low pricing, distressed and bank-owned properties in particular look attractive to real estate investors.
According to James McClelland, CEO and president of MACK Companies, at the heart of every successful real estate investment is a great tenant.
“This might seem counterintuitive to the novice real estate investor, but when we look for places to invest in properties we always begin with the tenant in mind,” said McClelland.” A real estate investment works when you have steady, dependable income. And the best way to get that is by having excellent tenants.”
Read the full article at: The Smart Way to Choose Investment Properties.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
 |
| A great buy? Depends on who wants to live there! |
Key Quotes:
Due to their low pricing, distressed and bank-owned properties in particular look attractive to real estate investors.
According to James McClelland, CEO and president of MACK Companies, at the heart of every successful real estate investment is a great tenant.
“This might seem counterintuitive to the novice real estate investor, but when we look for places to invest in properties we always begin with the tenant in mind,” said McClelland.” A real estate investment works when you have steady, dependable income. And the best way to get that is by having excellent tenants.”
Read the full article at: The Smart Way to Choose Investment Properties.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Wednesday, January 25, 2012
A prescription for Atlanta commercial real estate investment (and Savannah)
Atlanta Business Chronicle by Andy Litvak, Hartman Simons & Wood LLP
Summary: Stable commercial properties with consistent, low risk dividends are in high demand among conversative investors. The commercial property that most closely fits this description in this economy is the medical office building (aka, MOB).
While written for the Atlanta market, Savannah's medical community is no joke either.
Key Quotes:
"The strength and credit of the physician practice group tenants, historically low turnover and consistent patient base requiring medical services lends to an inherently strong degree of stability. Now, fast forward and infuse equal doses of the ever-evolving world of health care legislation reform, new trends in practice group and hospital consolidation and other anticipated changes in health care delivery models — and you have all the ingredients to attract major interest in MOB investment by sophisticated investors."
"Hospitals have always been capital intensive operations and MOB development has likewise always been a strategic proposition. Growth has been, and will continue to be, carefully tailored to the key drivers and sources of health care services: physicians and the ultimate recipients (patients). Much uncertainty remains in this evolving healthcare landscape."
"MOB owners and investors must maintain flexibility, as doctors continue to seek reduced occupancy costs and large up front economic leasing packages. Nonetheless, these are exciting times for all those involved in medical oriented commercial real estate."
Read the full article at A prescription for Atlanta commercial real estate investment
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Date: Tuesday, January 24, 2012, 1:34pm EST
Summary: Stable commercial properties with consistent, low risk dividends are in high demand among conversative investors. The commercial property that most closely fits this description in this economy is the medical office building (aka, MOB).
While written for the Atlanta market, Savannah's medical community is no joke either.
Key Quotes:
"The strength and credit of the physician practice group tenants, historically low turnover and consistent patient base requiring medical services lends to an inherently strong degree of stability. Now, fast forward and infuse equal doses of the ever-evolving world of health care legislation reform, new trends in practice group and hospital consolidation and other anticipated changes in health care delivery models — and you have all the ingredients to attract major interest in MOB investment by sophisticated investors."
"Hospitals have always been capital intensive operations and MOB development has likewise always been a strategic proposition. Growth has been, and will continue to be, carefully tailored to the key drivers and sources of health care services: physicians and the ultimate recipients (patients). Much uncertainty remains in this evolving healthcare landscape."
"MOB owners and investors must maintain flexibility, as doctors continue to seek reduced occupancy costs and large up front economic leasing packages. Nonetheless, these are exciting times for all those involved in medical oriented commercial real estate."
Read the full article at A prescription for Atlanta commercial real estate investment
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Friday, January 20, 2012
13 Types of Insurance a Small Business Owner Should Have
From Forbes.com 1/19/2012 @ 8:57AM
Summary: Thirteen types of insurance a small business owner should have include: general liability, property, business owner's, commercial auto, worker's comp, professional liability, directors and officers, data breach, homeowners, renters, life, personal auto and personall umbrella.
Read the full article at: 13 Types of Insurance a Small Business Owner Should Have
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Summary: Thirteen types of insurance a small business owner should have include: general liability, property, business owner's, commercial auto, worker's comp, professional liability, directors and officers, data breach, homeowners, renters, life, personal auto and personall umbrella.
Read the full article at: 13 Types of Insurance a Small Business Owner Should Have
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Thursday, January 12, 2012
Food Lion to close four Savannah stores
January 12, 2012 - 12:05pm
Food Lion's parent company, Delhaize America, will close four area stores within the next 30 days as part of a larger "repositioning" strategy, the grocery giant announced Thursday.
Among the stores affected are two of the company's newest and most bally-hooed local stores: The market at Martin Luther King Jr. Boulevard and Gwinnett Street that opened last March and the Southbridge location that opened in 2009.
The Food Lion in the Eisenhower Square shopping center and another store in Rincon were also on the closure list, which included 113 stores in Florida, Georgia, Kentucky, North Carolina, Pennsylvania, South Carolina, Virginia, Tennessee and West Virginia.
"Food Lion is focused on repositioning our business for future growth," said Cathy Green Burns, president of Food Lion, in a press release. "By closing underperforming stores, we will continue to position Food Lion for success, especially in light of our brand strategy results."
Local reaction was not so positive. Word of the MLK store closing swept through Savannah City Council chambers Thursday. Alderman Van Johnson, who represents the district, called the news "devastating."
Added Mayor Edna Johnson: "The city is obviously very disappointed with this news. The store served an area that was underserved, including public housing residents, senior citizens and SCAD students."
The MLK location has attracted "local interest," according to Jackson."That is why we are going to continue to look on the bright side and not give up on it," she said.
By 
Food Lion's parent company, Delhaize America, will close four area stores within the next 30 days as part of a larger "repositioning" strategy, the grocery giant announced Thursday.
Among the stores affected are two of the company's newest and most bally-hooed local stores: The market at Martin Luther King Jr. Boulevard and Gwinnett Street that opened last March and the Southbridge location that opened in 2009.
The Food Lion in the Eisenhower Square shopping center and another store in Rincon were also on the closure list, which included 113 stores in Florida, Georgia, Kentucky, North Carolina, Pennsylvania, South Carolina, Virginia, Tennessee and West Virginia.
"Food Lion is focused on repositioning our business for future growth," said Cathy Green Burns, president of Food Lion, in a press release. "By closing underperforming stores, we will continue to position Food Lion for success, especially in light of our brand strategy results."
Local reaction was not so positive. Word of the MLK store closing swept through Savannah City Council chambers Thursday. Alderman Van Johnson, who represents the district, called the news "devastating."
Added Mayor Edna Johnson: "The city is obviously very disappointed with this news. The store served an area that was underserved, including public housing residents, senior citizens and SCAD students."
The MLK location has attracted "local interest," according to Jackson."That is why we are going to continue to look on the bright side and not give up on it," she said.
--
You can read the article in its original context, complete with asinine public commentary, at Food Lion to close four local stores.
Reports Identify Most Stressed Sectors in Corporate America
January 11, 2012
Summary: Commercial landlords are put on notice; media/entertainment, health care and consumer product companies are the shakiest in the U.S.
Key Quotes:
In Standard & Poor's opinion, companies in media and entertainment, consumer products and health care are among the most troubled in the U.S.
And according to Challenger, Gray & Christmas, job cuts were dominated by the government and financial sectors in 2011, and those sectors are likely to continue to struggle in 2012.
And according to Challenger, Gray & Christmas, job cuts were dominated by the government and financial sectors in 2011, and those sectors are likely to continue to struggle in 2012.
"Job creation is likely to remain slow and steady in 2012. Washington seems paralyzed when it comes to enacting policies that might spur job growth. Even if they were to pass some legislation that could help, the impact is rarely immediate and is typically smaller than anticipated.
Savannah has a host of health care companies that are together a key economic driver. Based on the article, a landlord would do well to check out their income statements before creating/renewing a lease.
Property Investors Bet on Rising Demand for U.S. Charter Schools
Article by Brian Louis - Jan 11, 2012
Summary: Charter schools are now, and will soon be much more, a sought after solution to waiting lists for existing charter schools and those wanting out of general government schools. For example, in Savannah there is a waiting list for Savannah Arts Academy and to fill this need, a major university in Michigan is applying for a charter with the city and county. I am sure more will follow.
Key Quotes:
More than 400,000 children nationwide are on waiting lists for the schools, the national alliance said in a December statement. Demand has increased as parents seek alternatives to traditional public schools.
The schools charge no tuition. They receive funding from municipal, state and federal tax dollars and operate under a charter that’s granted by the state or a local authority, according to a May report by Ernst & Young LLP. Each school has its own governing board.
While school landlords may eventually profit from a sale, income primarily comes from long-term lease agreements with operating companies.
Charter schools are “going to be a bigger piece of the business” for the landlord in the long term, Craig Mailman, a New York-based analyst at KeyBanc Capital Markets Inc., said in a telephone interview.
Read the full article at Property Investors Bet on Rising Demand for U.S. Charter Schools.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Summary: Charter schools are now, and will soon be much more, a sought after solution to waiting lists for existing charter schools and those wanting out of general government schools. For example, in Savannah there is a waiting list for Savannah Arts Academy and to fill this need, a major university in Michigan is applying for a charter with the city and county. I am sure more will follow.
Key Quotes:
More than 400,000 children nationwide are on waiting lists for the schools, the national alliance said in a December statement. Demand has increased as parents seek alternatives to traditional public schools.
The schools charge no tuition. They receive funding from municipal, state and federal tax dollars and operate under a charter that’s granted by the state or a local authority, according to a May report by Ernst & Young LLP. Each school has its own governing board.
While school landlords may eventually profit from a sale, income primarily comes from long-term lease agreements with operating companies.
Charter schools are “going to be a bigger piece of the business” for the landlord in the long term, Craig Mailman, a New York-based analyst at KeyBanc Capital Markets Inc., said in a telephone interview.
Read the full article at Property Investors Bet on Rising Demand for U.S. Charter Schools.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Thursday, January 5, 2012
U.S. Apartment Vacancies Decline to a Decade Low, Rents Climb
BloombergJanuary 05, 2012, 4:52 PM EST
By Hui-yong Yu
Summary: U.S. apartment vacancies dropped to a 10-year low in the fourth quarter, allowing for rent increases that are likely to continue this year, Reis Inc. said.
Key Quotes:
The vacancy rate fell to 5.2 percent, the lowest since the end of 2001.
Rising foreclosures and stricter mortgage-lending standards have helped make rental housing the best-performing segment of commercial real estate for the past two years.
“The implicit demand for rental units will remain high as long as the for-sale housing market remains on the ropes,” Victor Calanog, head of research and economics for Reis, said in the report.
Rent growth may stall starting next year as a wave of new apartment development brings new projects to the market, Calanog said.
Read the full article at U.S. Apartment Vacancies Decline to a Decade Low, Rents Climb.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
By Hui-yong Yu
Summary: U.S. apartment vacancies dropped to a 10-year low in the fourth quarter, allowing for rent increases that are likely to continue this year, Reis Inc. said.
Key Quotes:
The vacancy rate fell to 5.2 percent, the lowest since the end of 2001.
Rising foreclosures and stricter mortgage-lending standards have helped make rental housing the best-performing segment of commercial real estate for the past two years.
“The implicit demand for rental units will remain high as long as the for-sale housing market remains on the ropes,” Victor Calanog, head of research and economics for Reis, said in the report.
Rent growth may stall starting next year as a wave of new apartment development brings new projects to the market, Calanog said.
Read the full article at U.S. Apartment Vacancies Decline to a Decade Low, Rents Climb.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Thursday, December 15, 2011
Should a Business Buy Its Own Building?
Summary: You should consider purchasing a property for your business if it means you still have a diversified portfolio. Purchasing a building and then working harder to pay it off means you've put all your assets into your business, which is unbalanced and not advised by most investment professionals.
Key Quotes:
Since [January], vacancy rates have dropped a little in most markets and rents have stabilized. However, very little new construction has been completed, and what has been built is almost all owner-occupied or build-to-suit. Almost no speculative real estate has been constructed this past year. Thus when the economy improves, rents will rise immediately. Normally developers see this coming and put up new buildings in anticipation of better conditions, but that isn’t happening.
That’s the argument for our small business owner buying his own building, but there’s another side to consider. This fellow has almost his entire net worth tied up in his company. Like many other entrepreneurs, he’s thinking about buying a building as a personal asset or through a separate company. Then his business would sign a long-term lease for the property.
Many business owners have succeeded with this approach, but there’s a large risk. This owner is thinking about retiring in a few years, selling his business at that time. Many small businesses are sold with seller financing, meaning he would get a portion of the price up front, and then the buyer would pay the rest of the purchase price from company earnings over the next few years. Now suppose that the buyer fails at running the business. The original owner gets a double whammy: he is not getting paid for his business, and his building just lost its only tenant. Ouch.
Read the full article at Should a Business Buy Its Own Building? by Bill Conerly, Contributor + Follow on Forbes
Since [January], vacancy rates have dropped a little in most markets and rents have stabilized. However, very little new construction has been completed, and what has been built is almost all owner-occupied or build-to-suit. Almost no speculative real estate has been constructed this past year. Thus when the economy improves, rents will rise immediately. Normally developers see this coming and put up new buildings in anticipation of better conditions, but that isn’t happening.
That’s the argument for our small business owner buying his own building, but there’s another side to consider. This fellow has almost his entire net worth tied up in his company. Like many other entrepreneurs, he’s thinking about buying a building as a personal asset or through a separate company. Then his business would sign a long-term lease for the property.
Many business owners have succeeded with this approach, but there’s a large risk. This owner is thinking about retiring in a few years, selling his business at that time. Many small businesses are sold with seller financing, meaning he would get a portion of the price up front, and then the buyer would pay the rest of the purchase price from company earnings over the next few years. Now suppose that the buyer fails at running the business. The original owner gets a double whammy: he is not getting paid for his business, and his building just lost its only tenant. Ouch.
Read the full article at Should a Business Buy Its Own Building? by Bill Conerly, Contributor + Follow on Forbes
Tuesday, December 13, 2011
Slow Growth in 2012 and Commercial Real Estate Investing Strategies for the 'New Normal'
Summary: The "new normal" is limited growth for 5 more years, income producing property is key, be prepared to reduce lease amounts to meet changing market conditions.
Key Quotes:
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Key Quotes:
- We are in a balance sheet recession that likely will limit economic growth for 5+ years. Ubiquitous acquisition strategies targeting 15% to 20% IRRs driven by terminal valuations may not be viable;
- Projections for new tenants in vacant space and lease renewals remain challenging with a potential slowdown in the U.S. economy. Consider focusing your investment thesis on cash-on-cash returns supported by existing leases;
- Segment your asset projected cash flows and handsomely value in-place leases and whack pricing related to vacant space and lease renewals;
- The 10-Year Note and 30-year Bond yields, at approximately 2.1% and 3.1%, respectively, are likely to stay comparatively low. If your projected cash flows are largely dependent on in-place leases, IRRs in the 10% to 15% range may be ample with a conservative capital structure;
- Four and five handle capitalization rates do not work as in most cases cash flow growth will be insufficient to save pricey acquisitions from adverse factors;
- All real estate is local and pricing will vary, but the majority of buyers should be targeting 8 to 11 caps for most non-core properties to accommodate an apparent lack of prospective cash flow growth and the potential of higher interest rates in 5+ years;
- This is a Buyer’s Market. As such, there is rarely need to accept unreasonable P&S contract language that became common during the real estate bubble of 2006-2007;
- Due to capital markets liquidity risks, financing contingencies should include a requirement that banks can and will fund at closing; and
- Shopped deals are now okay. In many markets, the transaction volume is so limited, price discovery created by a brokered deal is necessary for Seller’s to understand reality and not waste your time.
- Distribution hubs and ports will lead the industrial recovery in 2012.
- Total investment transaction volume to increase by 15 to 20 percent to $190 billion in 2012 – a slower increase than the last two years.
- Businesses will take real estate into greater consideration in 2012, focusing investments on efficiency and productivity. Additionally, businesses will consider corporate real estate as a greater contributor to corporate social responsibility initiatives in 2012, shifting investments from new construction toward retrofitting existing assets.
- Hotel demand is expected to continue to rise in 2012, but likely on a more cautious trajectory than in 2011, with private equity groups at the forefront of asset bidding.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Friday, December 2, 2011
Berwick Marketplace sold to South Carolina firm
Posted: December 1, 2011 - 11:14am | Updated: December 2, 2011 - 12:10am
By 
Summary: The Berwick Marketplace is sold to Ziff Properties, Inc., a Charleston firm. Ziff expects an 18% occupancy increase in two years.
Key quotes:
The Berwick Marketplace, a 38,000-square-foot shopping center located at Berwick Plantation, has been purchased by Ziff Properties, Inc. Ziff, based in Charleston, S.C., also owns the Manger Building downtown.
The Berwick property appealed to Ziff because of the area’s potential for growth as the economy improves. Berwick was a fast-developing part of Chatham County prior to the economic downturn.
“We know that it is not growing as fast as it was,” said Christian Chamblee, Ziff’s director of acquisitions. “Developers originally saw an opportunity, and the market liked what they saw and responded. So when the market takes off again, we think they will respond well again.
Read the full article at Berwick Marketplace sold to South Carolina firm
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Key quotes:
The Berwick Marketplace, a 38,000-square-foot shopping center located at Berwick Plantation, has been purchased by Ziff Properties, Inc. Ziff, based in Charleston, S.C., also owns the Manger Building downtown.
The Berwick property appealed to Ziff because of the area’s potential for growth as the economy improves. Berwick was a fast-developing part of Chatham County prior to the economic downturn.
“We know that it is not growing as fast as it was,” said Christian Chamblee, Ziff’s director of acquisitions. “Developers originally saw an opportunity, and the market liked what they saw and responded. So when the market takes off again, we think they will respond well again.
Read the full article at Berwick Marketplace sold to South Carolina firm
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Parking Lots Offer Safe Haven for Real-Estate Investors
Summary: Parking lots as a commercial real estate investment are as recession proof as they get... if you know how to run them. *Click image for full size*
Key quotes:
Key quotes:
“A surface parking lot offers a good rate of return and its rewards are as close to being recession-proof as you’re going to get,” says Ross Moore, chief economist for Boston commercial real estate firm, Colliers International.
“The older ones are nice little cash cows with relatively little maintenance,” adds Moore, who has authored an annual North American Parking Rates Survey for the past ten years.
“It sounds like an easy thing to do, but it’s extremely difficult to make it profitable,” says John Van Horn, editor of Parking Today magazine. “It’s like buying a bar. If you don’t know how to run it, you’ll lose money. Many companies have gone broke. It sounds like a lot of cash, but there are many ways for it to disappear. You’d better have someone who knows about it to work with you as third-party investor.”
Read the full article at Parking Lots Offer Safe Haven for Real-Estate Investors
For example, a parking lot for sale on Loopnet.com.
Saturday, November 26, 2011
For Sale: Fully Leased Apartment Building
101 Woodhouse Lane, Savannah, Ga. 31406
Four 2BR/1BA apartments fully leased with recent upgrades. Each apartment has an eat-in kitchen, washer, dryer, central heat and air.
On a bus line. Sidewalks, street lights, walk to shopping.
Each unit collects $650 a month in rent with a $400 deposit. Rental market is hot! Act quickly! Rent includes maintanence, but not electricity, garbage or water. Cable ready.
Priced to move at $239,900.
Savannah Multi-List MLS #91904
A. Joseph Marshall
Connie Farmer Ray, Broker
Coldwell Banker Commercial
912-352-1222
Commercial Real Estate Advisor
Connie Farmer Ray, Broker
Coldwell Banker Commercial
912-352-1222
Commercial Real Estate Advisor
Wednesday, November 23, 2011
Retail Space Availability in U.S. to Fall Next Year, CBRE Says
By Brian Louis
Nov. 21 (Bloomberg) --
Summary of article: The number of vacant space in shopping centers (strip malls, pad sites, etc) will decrease next year for the first time in 7 years. This follows strong industrial growth and increased consumer spending.
Important quotes:
Space available for leasing at U.S. local shopping centers will decline next year for the first time since 2005 as a growing economy spurs retailer expansion, commercial-property brokerage CBRE Group Inc. said.The availability rate, a measure of space being marketed and ready for tenant construction within a year, will fall to 12.4 percent for neighborhood and community shopping centers at the end of 2012. That’s down from a peak of 13.3 percent in the second quarter of this year, according to a forecast from CBRE Econometric
Advisors, a unit of Los Angeles-based CBRE Group.
Purchases at U.S. retailers rose 0.5 percent in October, following a 1.1 percent increase the month before, Commerce Department figures showed last week. Sales at electronics stores climbed the most in two years.
A lack of shopping-center construction will also help landlords rent existing space, according to Abigail Rosenbaum, an economist at CBRE Econometric Advisors in Boston.
Read the full article at Retail Space Availability in U.S. to Fall Next Year
Saturday, November 19, 2011
Dos and Don'ts for Business Sellers
If you are a business owner who is contemplating selling your business, please follow these dos or don'ts:
- Do have all of your business documentation in order. This includes financial statements, tax returns, tax filings, lease agreements, loan documents, contracts, etc.
- Don't underestimate the value of your business. Rely on a business valuation professional or an experienced business broker to recast your tax returns to reflect the true cash flow and value.
- Don't overprice your business. This is crucial in order to attract the right buyer for your business and if not followed could bring irreparable damage to your effort.
- Do use a professional business broker or intermediary. You should focus on continuing to operate your business at the highest level. Your broker will assist with determining the asking price, prepare a marketing plan of action to maximize the selling price, maintain confidentiality, handle all buyer activity, negotiations, bring offers and complete the entire transaction to a successful close.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga.
Big properties' recovery to be weak, except for multi-family sector
Commercial landlords will see falling vacancies and rising rents over the next two years, but the recovery will be mild in all but the apartment sector, according to the National Association of Realtors U.S. commercial real estate forecast.
The forecast was during NAR’s conference in Anaheim.
NAR Chief Economist Lawrence Yun based his forecast on projections that the U.S. economy will avoid recession and add 3 million to 4 million jobs in the next two years.
Read the full article at "Realtors" Big Properties' Recovery to Be Weak" written by Jeff Collins with the OC Register.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga.
The forecast was during NAR’s conference in Anaheim.
NAR Chief Economist Lawrence Yun based his forecast on projections that the U.S. economy will avoid recession and add 3 million to 4 million jobs in the next two years.
Read the full article at "Realtors" Big Properties' Recovery to Be Weak" written by Jeff Collins with the OC Register.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga.
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