- Subleasing Solutions
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A year ago sublease space decimated the national office market occupancy rate, yet the trend appears to be waning. After reaching its peak of nearly 25 percent of the national vacancy rate in first quarter 2002, sublease space has slowly
- Survey Gauges How Commercial Real Estate Companies Use Technology
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Last December, CCIM Institute and the Institute of Real Estate Management conducted an online member survey to gauge how much commercial real estate companies invest in technology. The survey's main goal was to understand the correlation between companies' technology investments
- Word Default Terms Precisely in Rooftop Rental Agreements
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Renting rooftop space to telecommunications companies for cellular antennas and equipment can be an easy way for commercial property owners to increase revenue. Yet many owners are wary of such arrangements, concerned about a rooftop antenna's effect on a property's
- Cap Rate Follies
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Capitalization rates are often controversial and misunderstood variables in commercial real estate valuation equations. To value properties, most buyers and sellers prefer an income approach, which analyzes cash flows to determine debt service and investor return — typically the internal
- The Economy Rains on Washington's Real Estate Markets
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Washington's economy, and that of Seattle in particular, has suffered some major blows in the past few years, including Boeing's decision to relocate its corporate headquarters to Chicago and the high technology sector's softening. Although the company still maintains manufacturing
- Cities Provide Incentives to Increase Urban Multifamily Development
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Nationwide, multifamily real estate is mired in a cyclical downturn, as many markets struggle with rising vacancies and declining rents. Most developers have scaled back building plans, and development activity in early 2003 increased in only a handful of metropolitan
- Hitting Out of the Rough
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Like most commercial real estate property types, golf course development is cyclical. From 1986 to 1990, demand (measured in rounds) for new courses outpaced development, according to the National Golf Foundation. But by 1991, golf course developers had caught onto
- Got Space?
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Experts agree Tenants rule the commercial real estate market. Occupancies across all property types either continue to slide or are stagnant, and many brokers don't expect relief until next year. “Now is a great time to be a tenant,” says
- Industrial Deal Blooms From Ongoing Relationship
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As James Palmer, CCIM, knows from experience, maintaining relationships helps power successful commercial real estate transactions. “CCIMs should remember to stay in touch with all their customers over their entire careers,” he says. “It is easier to keep a customer
- Partnerships Can Use These Methods to Protect 1031 Gains
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Property owners wishing to dispose of appreciated assets often use Internal Revenue Code Section 1031 exchanges to defer capital gains taxes. However, partnerships wishing to execute exchanges face unique challenges, particularly when individuals in the partnership have diverging investment goals
- Recovery Ahead?
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Editor's note Unless otherwise stated, prices, rents, and capitalization rates in this article are provided by National Real Estate Index, and absorption and vacancy rates, historical peaks and troughs, and forecasts are provided by Property & Portfolio Research. Commercial real
- Ready for the Rebound
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Today's debt market is highly competitive Hundreds of players are trying to provide debt capital to commercial real estate in an environment that has very little product. This lack is due to low mortgage turnover little debt was issued in
- New Funding for Affordable Housing Encourages Public/Private Partnerships
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Affordable housing is a critical socioeconomic issue in many regions, and demand is rising nationwide. Yet financing and developing affordable housing can be challenging. Many affordable housing projects involve more planning and entail greater risks than similar market rate projects
- The Upside of Downtown
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Central business districts of all sizes nationwide are working to bring businesses and people back downtown. Already hard hit by the post World War II suburbanization that shifted growth outside of city limits, CBDs recently were hammered by corporate downsizing