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Entrepreneurial Mezzanine Financing Sources Offer Flexible Equity 

In recent years, mezzanine debt and equity financing has been growing steadily into a major source of funding for all types of commercial real estate projects. On a marketwide basis, the real estate mezzanine financing sector represents 10 percent of

The Empire State Builds on Strong Tourism Foundation 

Rocked by the terrorist attacks on its namesake city last September, New York state since has struggled economically. Commercial real estate markets, especially the office sector, have experienced soaring vacancies and plunging lease rates. Yet, as most markets already have

Give & Receive 

Is a non productive commercial real estate asset draining your client's cash flow? What can you do to help get rid of this white elephant while still adding value to your business? Many investors and corporate real estate professionals are

New Legislation Encourages Developers to Clean Up Brownfields 

Enacted in 1980, the Comprehensive Environmental Response, Compensation, and Liability Act imposed liability for the release of hazardous substances on four categories of potentially responsible parties, or PRP the owner or operator of the facility at which the release occurred

Broker Helps Bring New Library to Disadvantaged Area 

Sometimes the commercial real estate transactions that bring the most satisfaction don't necessarily result in large commissions. Such was the case when Sig Buster III, CCIM, sold a vacant lot to Richland County, S.C., to build a new library in

IRS Provides Guidance on Using Tenancy-in-Common Interests in 1031 Exchanges 

On March 19, the Internal Revenue Service released Revenue Procedure 2002 22, which addresses the use of real property fractional ownership interests as replacement property in Internal Revenue Code Section 1031 tax deferred exchanges. Commercial real estate professionals commonly refer

Keep Them Coming Back 

When it comes to providing customer service, the golden rule applies &ldquo Try to put yourself in your customers' shoes and figure out how you would want to be treated,&rdquo says Edward Craine, CCIM, president of Smith Craine Finance in

Evaluating Appraisals 

During most commercial real estate sale transactions, an appraiser is required to value the property and issue a report. However, both experienced and new users of appraisal services often are not aware of the type of report they need and

Shoppertainment 

Since their heyday in the 1970s and 1980s, regional malls have suffered their share of hits. In the early 1990s, the trend toward power centers, which feature four or five big box category killers, provided increased competition for malls, especially

A Strip Center Makeover 

The development, marketing, leasing, and management of a retail center is one of real estate's more complex and demanding endeavors. Regardless of how well positioned a retail center may be during its inception, new retail concepts, economic cycles, changing demographics,

Suburban Multifamily Development Mimics Downtown Trends 

Across the nation, multifamily vacancy currently is higher than a year ago. Many factors contribute to this decline in occupancy. Low interest rates for homebuyers as well as the slumping economy have pushed more prospective renters out of apartments and

The Suburban Scene 

Despite the trend toward downtown revitalization, suburban locations still find favor with many office tenants. Financial, telecommunications, and technology companies in particular view the suburbs as an attractive location for corporate headquarters, call centers, and back offices. Convenience continues to

Commercial Brokers Use Tech-Savvy Strategies to Boost Their Business 

The 2002 Realcomm conference, held in Las Vegas in June, examined how technology is gaining a foothold in the commercial real estate industry and evaluated the latest tools brokers need to embrace it. In the conference session &ldquo Who Is