- Northeastern Exposure
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During the second half of 2005, several of the Northeast's metropolitan markets coasted on strong fundamentals. Office absorption in Boston is up and vacancy rates are decreasing. In Long Island, N.Y., the office market looks optimistic Despite a slight vacancy
- Looking Good
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Todd Gold, CCIM, president of REOC Partners in San Antonio used to show clients his appreciation by employing typical entertaining methods. "Lunches, breakfasts, broker events, etc. It was nothing extra special," he admits. "Then, someone in the office had the
- Mountain Markets Climb
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As one of the least populated regions of the country, the Rocky Mountain states’ valuable commercial real estate investments sometimes are overlooked. But as the low cost of living and natural attractions draw more residents west, commercial real estate growth
- Main Street Marketing
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Matt Redd, CCIM, owner of Redd Properties in Lake Charles Sulphur, La., doesn't remember what sparked the idea for his company's trademark marketing strategy, but the effect on his small town market has been unforgettable. "It keeps our company's name
- Learning From the Pros
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Upon winning his fourth Masters Tournament earlier this year, Tiger Woods dedicated his victory to a mentor who has been with him every step of the way his father. While Woods’ golf skills have helped him earn esteem, awards,
- Renter Requirements
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Is it landlords&rsquo responsibility to make sure all tenants purchase renter&rsquo s insurance? It should be, according to a LeasingDesk Insurance Services study. Multifamily landlords who insist their tenants purchase renter&rsquo s insurance save significantly on costs related to tenant
- Land of Opportunity
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Fundamentals along the Pacific Coast remain stable in most commercial real estate sectors and are seeing growth in others. New construction especially in the form of multifamily high rises is occurring in several parts of the region. In downtown Los
- Southern Revival
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Even though much of the South Central region has recovered from last year's weather related catastrophes, sections remain devastated. The New Orleans metropolitan statistical area's population has diminished by more than 300,000 according to NAI Latter & Blum. Although some
- The Power of Positive Thinking
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As an attractive, new multifamily complex nears completion, leasing agents begin to show the property to prospective tenants. While several buildings lease up quickly, one structure remains completely vacant. A survey of prospective tenants who viewed the property reveals that
- Office Exodus?
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At corporations across the country chairs are empty. Maybe their occupants are working in the field or out to lunch, or maybe they are never coming back. Approximately 20.7 million U.S. workers no longer report to bricks and mortar offices
- Strategies for Start-Ups
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The start up business client that Steve Marcusse, CCIM, industrial adviser with Grubb & Ellis Paramount in Grand Rapids, Mich., took on last year had very specific space needs a 17,550 square foot property with eight firetruck size drive in
- Rocky Mountain Roundup
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Change and growth define the U.S. Rocky Mountain region. Four of the country's top five fastest growing states are part of the region Nevada, Colorado, Utah, and Idaho, according to the U.S. Census Bureau. In Kootenai County, Idaho, property values
- Problem Property
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After a year of marketing an older, vacant, 65,000 square foot office building in downtown Minneapolis to call centers and technology hubs, Aaron Barnard, CCIM, a broker with Northstar Partners in Eden Prairie, Minn., knew it was time to rethink
- The Small Stuff
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In California's Ventura and northern Los Angeles counties, industrial properties 25,000 square feet and under frequently sell before they even go on the market, says Joe Jusko, a principal at Lee & Associates in Calabasas, Calif. “Availabilities come up very
- Redevelopment Done Right
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Visualizing a historic bank rehabbed as a luxury condominium building, a shuttered mill as a mixed use development, or an abandoned big box space divided into office condominiums requires more than a little creativity and foresight. Whether the property conditions,
- Run of the Mill
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The Enterprise Mill in Augusta, Ga., was vacant for more than 10 years when Clayton P. Boardman III, local businessman and owner of Boardman Petroleum, purchased it in August 1997. Boardman's plan included transforming the mill into a mixed use
- On the Waterfront
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For most of history, people have been living, working, and playing alongside rivers and lakes. Among the first areas to be settled, early American waterfront developments were mostly industrial factories and warehouses, situated on shores for convenient access to transportation
- Seeking Out Small Businesses
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Even though commercial real estate professionals offer important services to small businesses, they don&rsquo t always come looking for them, says Jeffrey Hulett, CCIM, a tenant representative at DHC Associates in Cleveland. &ldquo These companies are small and tend to
- Twin Cities Turnover/Making Over Milwaukee
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In the first half of 2004, the commercial real estate market in Minneapolis has shown marked improvements from its three year slump. Absorption of 1.4 million square feet in the industrial market and the addition of 730,000 sf of new
- Coasting Along
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The West Coast still is seeing its fair share of growth. Nearly every commercial real estate sector has new construction in the pipeline in at least one city in the region. An increase in Los Angeles County's multifamily inventory 49
- Southern Bellwether
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The South Central region has seen most commercial real estate sectors struggle toward recovery, although retail has remained strong. In Texas, Dallas Fort Worth, Austin, and Houston showed retail growth mirroring each city&rsquo s residential increases, according to NAI&rsquo
- Southeastern Stamina
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Despite the chaos that Mother Nature rained upon the Southeast in 2005, the region's markets have persevered through the storms. Florida real estate prices will rise due to higher insurance costs and taxes, predicts Henry Fishkind, president of a Florida
- Hired Learning
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With large numbers of generation X and Y members entering the workforce and baby boomers remaining in the workplace well into their sixties, internships and mentorships are good stepping stones in the current job climate. Commercial real estate especially is
- Midwest Markets Grow
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America's heartland, known for a slower pace of life than either coast, didn't see many dramatic commercial real estate developments during the past year. But the Midwest did see some modest improvements. Leasing rates throughout the region increased slightly in
- Corporate Perspectives
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It's time for American corporations to take a closer look at their portfolios, says Michael Condon, senior vice president of corporate services for Colliers Seeley International in Los Angeles. Ensuring that their business plans are aligned with their real estate