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Market Trends 

Beyond Amenities Multifamily property owner Castle Lanterra is offering a tenant scholarship program to residents in six of its properties across the country. The firm owns nearly $850 million in multifamily properties across the country. High school seniors and those enrolled in two and four-year college

Series LLCs 

Utilizing this structure partitions risk. A series limited liability company is an entity structure that allows for the formation of multiple segregated LLCs, known as “series,” under the umbrella of a single “master” or traditional LLC. In 1996, Delaware became the first state to enact a series LLC statute.

The Franchisee Lease 

Landlords can benefit but they also need to be wary of details. The year 2015 saw more than 795,000 franchise outlets throughout the U.S., according to the Franchise Business Economic Outlook 2016. That number is expected to increase by 1.7 percent this year, adding approximately 13,500 new units across 10 bu

Student Housing 

As off-campus housing changes communities, asset-rich investors vie for the best properties. International and affluent students are pushing the envelope on amenity-rich housing on college campuses, helping to transform communities across the U.S. and Canada. While the funding for leasing students' one bedroo

Adding Value 

Operations assessment may be the icing on the cake. The due diligence process focuses on identifying building deficiencies and managing financial risk. A typical property condition assessment uncovers these deficiencies and includes capital reserves for building repairs and upgrades that can impact the negoti

Fixer Uppers 

Tenants: Are you ready to see your new office space? Office tenants are tired of the same four walls. They want new space, new amenities, new creature comforts. They need a new vibe to attract new workers. So with a still-weak development pipeline, office owners and investors are stepping in to fill the gap,

International Force 

In 12 years, Yong Nam Kim, CCIM, has developed a vibrant, thriving commercial real estate business in South Korea, providing full commercial real estate services to clients nationally and internationally. Currently, Kim is the president of the South Korea CCIM Chapter, as well as a real estate columnist for

Real Estate Gifts 

With the upturn in the economy, charitable giving is on the rise. Philanthropy is now a $4 trillion-plus industry, according to the National Center for Charitable Statistics. Although the majority of donations are cash or securities, real estate can also be donated to nonprofit organizations. Both individ

Small-Market Survival 

Big-ticket transactions are tougher to find in small commercial real estate markets. As a result, it can be more difficult for CCIM candidate members to reach the portfolio submission requirements to earn the CCIM designation.   Expert Assistance However, many CCIM designees have prevailed despite

Deal Makers 

The Biggest Deal Trisha Talbot , CCIM, of Newmark Grubb Knight Frank in Phoenix and Todd M. Perman , CCIM, of Newmark Grubb Knight Frank in Atlanta and two partners represented Integrated Medical Services in the more than $140.8 million sale of a medical office portfolio totaling 406,894 sf in the Phoen

Beyond Cap Rates 

Test assumptions to make informed sale decisions. Capitalization rates for multifamily properties appear to have stabilized at very low levels after a veritable free-fall in major metropolitan markets since the end of the Great Recession. The drop in cap rates appears to be the result of low cost permanent fi

Tech Guru 

“Transparency increases the accountability of commercial real estate professionals to their clients,” says CEO and co-founder of CompStak Michael Mandel. And in the future, being accountable is going to make the difference between those who succeed and those who don't.  A former Grubb & Ellis brok

Post-Bank Lending 

Are borrowers making a shift to alternative financing sources? Before 2008, lending decisions were generally driven by the economics of loan volume. The priority of making money through loan origination was hard-coded into the commercial banking culture, as compensation was based on loan volume not loan perfo

2016 Capital Markets Forecast 

Rising interest rates will not upset the apple cart this year. The capital markets play a significant role in the investment and continued growth of the commercial real estate sector. The outlook of the financial landscape and what we can expect from the capital markets in 2016 has a significant impact on inv

Regional Outlook 

Midwest Sam Zell's Big Deal Does Sam Zell know something the rest of us don't? Obviously he knows more about making money, but whether he's prescient about market timing remains to be seen. Equity Residential's sell-off of a 23,262-unit apartment portfolio for $5.37 billion to Starwood Capital caused s

Fresh Momentum 

CCIM Institute's legislative and international initiatives are moving full-speed ahead. The Institute continues its alliance with the National Association of Realtors to amplify our voice on critical industry issues at our annual Capitol Hill Visit, held during NAR's Realtors Legislative & Trade Expo in

International Beat 

Canada’s Big Deal German billionaire Klaus-Michael Kuehne has reportedly bought one of Vancouver’s prize office towers, the 36-story Royal Centre, for about CA$425 million, or CA$725 psf, from Brookfield Office Properties. The deal traded at a 3.7 cap rate, according to The Financial Post,