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Commercial Property Demand Grows in the Garden State 

More commonly known for industry rather than agriculture, New Jersey possesses an enigmatic nickname the Garden State. In fact, when the state's General Assembly introduced legislation to imprint the nickname on automobile license plates in 1954, Gov. Robert B. Meyner

A Smarter Cell Phone 

Smartphones — the generic label for cellular phones combined with personal digital assistants — seem like an idea whose time has come. Doesn't everyone want to give up carrying multiple gadgets? Who wouldn't like downloading e mail on the road

Perseverance Pays Off in Industrial Portfolio Sale 

A well occupied industrial portfolio consisting of class A buildings located in the thriving Rio Grande Valley on the U.S. Mexico border is an easy sell, correct? Unfortunately, as Michael A. McMahon, CCIM, SIOR, learned, properties that look good on

New Restaurants Provide Entree Into Local Markets 

Roughly 870,000 U.S. restaurants achieve approximately $426 billion in sales annually, making them a significant part of the economy and a major retail real estate component. To break into this potentially lucrative market, brokers should be aware of current industry

Making the Corporate Connection 

For years the corporate real estate world comprised a close knit community of executives and their staffs. But as today's shrinking budgets force layoffs in real estate departments, corporations increasingly look to local service providers for assistance with their brokerage

Catering to Consumers 

Disenchanted with hamburgers and french fries that have dominated quick service and casual restaurant menus for decades, consumers now demand more flavor and variety when they go out to eat. But there's a catch They want it fast. What drives

More States Favor Mutually Dependent Covenants Rule in Commercial Leases 

In most states, commercial property leases adhere to the independent covenants rule, whereby landlords' and tenants' obligations are independent of one another. Thus, a tenant is expected to pay rent even if the landlord fails to uphold some of its

Understanding Today's Underwriting Criteria Makes Refinancing Easier 

With historically low interest rates still available, many property owners are seeking to refinance their loans. However, they should be aware that today's lenders underwrite real estate values far differently than in the past by using a relatively new set

The Auction Alternative 

Each year, auctions are used to sell billions of dollars of commercial real estate. Once thought useful only for disposing of problem and hard to sell properties, auctions are gaining popularity as an effective sales strategy for all types of

Standing Out Online 

In the early 1990s, many commercial real estate professionals perceived the Internet as a distant technological galaxy that would never impact their daily business. Yet in less than a decade, the industry has succumbed to the Web's gravitational pull Today

Waiting for a Wake-Up Call 

The ongoing economic sluggishness, compounded by military action abroad, continues to take its toll on the hospitality industry. Luxury and first class properties in destinations that rely on commercial travelers, air arrivals, and international visitors face room rate integrity issues,

IRS Clarifies Related-Party Rule in 1031 Exchanges 

Last December, the Internal Revenue Service published Revenue Ruling 2002 83, which clarifies its position on taxpayers buying replacement property from related parties under Internal Revenue Code Section 1031. Due to the considerable confusion about such exchanges, real estate professionals

Smarter, Faster, Cheaper Products Improve Business Efficiency 

Technology moves at lightning speed and, to some extent, surpasses consumers' needs and expectations. However, it also becomes more quickly affordable, allowing those with fewer resources to invest in basic versions of today's top innovations sooner than they may think