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Got Vacant Space? Think Inside the Box 

The good news about tough economic times is that they breed ingenuity. Leasing specialists in retail and other property sectors need to think “inside the box” – the vacant big box, the empty warehouse, or the small office building abandoned

International Beat(7) 

New York’s Big DealSpanish clothing retailer Zara paid $324 million for the former NBA stores at 666 Fifth Avenue in New York, which will become its North American flagship store. At $8,300 psf, a record even at New York prices,

Greening Up 

In February, San Francisco Mayor Edwin Lee signed into law the San Francisco Existing Commercial Buildings Energy Performance Ordinance, requiring commercial building owners to file annual energy benchmark reports and to conduct more extensive energy audits every five years. New

Long-Distance Logic 

After receiving a cell phone bill that included a month of international charges for calls to a Canadian investor, Creigh A. Bogart, CCIM, a broker in Tampa, Fla., changed not only how he makes international calls but how he receives

The Lending Scene 

Commercial real estate’s slow but steady recovery after the downturn has opened up a variety of “new but old” options for financing commercial properties for the remainder of 2011. In the primary markets, a growing equity investment appetite and new

Market Trends(22) 

Tomorrow’s Store What’s the future of your retail center? Well, to meet the demands of tomorrow’s tenants, think about subdividing those big box spaces, losing the parking lot, and adding a few bike racks. Last year total retail sales grew

Beyond the Façade 

Across all property sectors, users and developers are eyeing urban locations. And given the lack of available land in central business districts, today’s urban infill projects often are adaptive reuse or conversion projects. In the past, good, affordable space for

Cash Flow Tips 

Business owners have been cutting expenses, reducing payroll, and trying to chase down new sources of cash flow for two years. Yet, as the economic recovery lags, many realize they need to do even more. But what is left to

Buyers Guide(23) 

Improving Appraisals Exceeding Expectations Producing Appraisal Reports and Services That Delight Clients, by Scott Schafer, MAI, provides strategies for appraisers during a time when their work is receiving more attention. The author gives appraisers insights into softer skills involved in

CCIM Connections(10) 

From the CCIM education and resources such as CCIM MailBridge and STDB, designees bring a wealth of solutions and expertise to every transaction. “Each deal has its particular triumph,” says Kevin P. Clay, CCIM, when asked to name his best

CCIM Live! 

Despite an uptick in activity, the real estate industry remains a tricky market to maneuver. Economic road bumps such as minimal job growth are slowing the spread of the recovery to smaller markets where many CCIMs operate. To succeed as

Conversion Connections 

“The greatest thing about CCIM is the people I’ve met,” says John Lauriello, CCIM, principal of Southpace Properties in Birmingham, Ala. Those connections, as Lauriello discovered, can make or break niche conversion projects. Last year, he was retained by the

Creative Currency 

In today’s real estate climate, making your property more marketable requires creativity and an open mind. Owners need to expand the benefits their properties offer. Along with physical aspects and pricing, the structure of the transaction, and your capabilities and

Deal Makers(31) 

The Biggest Deals T. Sean Lance, CCIM, of NAI Tampa Bay in Seminole, Fla., and a partner negotiated the $36.3 million sale of 224 units in Tower II at the Oasis Grand Condominium project in Fort Myers, Fla., from an

Dynamic Duo 

With the company motto, “Performance Not Promises,” Commercial Executives Real Estate Services in Las Vegas has made a commitment to deliver. And that’s exactly what Soozi Jones Walker, CCIM, SIOR, and Bobbi Miracle, CCIM, do for their clients. The mother

Dirt, Cheap 

Even at bargain basement prices, most land investments today are a gamble. A land buyer is placing a bet that demand for commercial real estate projects will return before property taxes and other holding costs eat up the potential return

Economic Development Organizations Foster Land Deals 

A few CCIMs are finding opportunities to broker land deals by working with quasi governmental entities responsible for promoting job creation in their communities. Just ask James Mascaro, CCIM, eastern region development director of DP Partners in Harrisburg, Pa. Mascaro’s

Questions Auditors Ask 

Debt valuation is affected not only by fluctuating market rates, but also by the methods used to perform the valuations. While the volatile rate environment of the financial crisis has dissipated, the heightened scrutiny auditors now apply to the methods

Regional Outlook(19) 

WEST Portland’s Big Deal Out of town institutional investors have been cherry picking assets in the City of Roses to the tune of 52 commercial transactions in the last six months, according to the Portland Business Journal. In March, American

ROI Check-Up 

Many investors ignore the return on investment that property condition assessments often can deliver. PCAs yield an ROI in three ways protecting buyers from bad purchases providing buyers with information for price negotiations with sellers and finding opportunities to improve

Multifamily Still Rules 

Multifamily and industrial top Real Estate Research Corp.’s outlook for the major property types for the rest of 2011. The apartment market will continue to present low risk compared to the other property types, given its strong fundamentals and the

The Risk Factor 

Just a few short months ago the recovery seemed to be finally taking hold. Gross domestic product growth was increasing, job growth was strengthening, retail sales were starting to pick up, and the stock market — including real estate stocks