Commercial real estate ownership is divided into those that use it for their operations and those who rely on the occupant to pay rent, also referred to as investors. Sure, there is also a subset of occupant-investors — those who own the building from which their business operates. But today’s column focuses on the institutional … Read more
I’ve been a proud member of the Society of Industrial and Office Realtors since 2018. The trade group’s semi-annual conferences are epic; the destinations are glorious; the education is unparalleled; and the networking unsurpassed! A little background on SIOR: The organization has been around for 80 years, a global office and industrial real estate association. … Read more
Semi-annually, an organization called Society of Industrial and Office Realtors – SIOR – gathers to compare notes on what’s happening around the country. This year’s soirée is in Florida and begins today, and I’ll have more on this year’s spring conference in next week’s column. However, having not seen places like Savannah, Charleston, and Hilton … Read more
New York’s wobbly office market, limping from a record-high 20% vacancy rate and loss of some tenants to lower-tax South Florida, has more competition to worry about: Boca Raton. The once-sleepy Sunshine State city of 100,000 between Fort Lauderdale and West Palm Beach is surging with new office development and amenities to support it. Boca Raton is … Read more
Today, I must get my David Letterman on and discuss the Top 10 reasons commercial real estate deals fail to close. As I have discussed in this column, ad nauseam, commercial real estate transactions are simply leases or purchases. We differ from our residential brethren, in that a large percentage of our transaction volume is … Read more
Occupants of commercial real estate, also referred to as users or occupiers, fall into two categories: tenants or owners. Since both are tenants, I’ll draw a finer distinction, noting that one genre pays rent to an unrelated third party, the landlord, while the other pays rent to a related owner of the building. The most … Read more
Ahh, springtime. Longer days, warmer temps, flowers abloom, the crack of the bat on MLB’s opening day, the NCAA Final Four, and the Masters golf tournament. You may be wondering how I have time to make any deals with all the sports happening this time of year. It’s tough. But in light of the screen … Read more
ORLANDO, Florida, 10 de abril de 2024 /PRNewswire-HISPANIC PR WIRE/ — Demetree Global, una oficina familiar líder en estrategias múltiples con sede en Winter Park, Florida, anunció hoy que Demetree Real Estate ha cerrado con éxito un refinanciamiento de 10 millones de dólares de una cartera de cinco propiedades dentro del mercado de Orlando. El … Read more
In order for a real estate transaction to close — whether it is a lease or a sale — a properly motivated buyer and seller must be present. By this I mean you need an owner ready to make the next deal and an occupant who’s kicked the tires and is prepared to sign. Ideally, … Read more
It is estimated that the U.S. government owns 45,000 underutilized buildings and Representative Adam Schiff, D-Burbank, wants to see this vast resource repurposed to fight the nation’s affordable housing crisis. That is why on Tuesday morning, April 1, he introduced the Government Facilities to Affordable Housing Conversion Act. If passed, the bill would create an … Read more
