Investment/Capital Markets
Trophies vs. Trash – Finding the Best Deals in Today’s Distressed Commercial Real Estate Markets
Mar 22nd
Trophies vs. Trash – it’s just one way to explain what is happening in today’s commercial real estate market. The Trophies are those main-and-main, big city stabilized assets that are the envy of every serious institutional owner. And because the number of those assets is finite and the capital chasing them seemingly endless, prices–believe it or not–are going up and cap rats are being compressed.
The sales of those few Trophy assets are also the ones that major publications report on when they declare that the worst is over. The recent sale of the Pritzker/Hyatt Office Building in downtown Chicago is an example of a trophy selling to California-based The More >
Puerto Rico: Part of the US but not…
Mar 17th
While working with a US-based client on a series of property acquisitions in the Caribbean, he had the idea of performing a couple of nifty 1031 exchanges in Puerto Rico. Emotions were running high that he could achieve this with a significant amount of tax savings. I warned him to be a bit more circumspect. If there is anything my international real estate experience has taught me, it is not to take anything for granted. I suggested that we confirm that a 1031 exchange is possible. A good thing I did. We conferred with a renowned local Puerto Rico tax expert, Manuel López Zambrana of Manuel López Zambrana, PSC (nolin@mlzlaw.com), and More >
Will the Tsunami Devastation in Japan Affect Global Capital Markets?
Mar 16th
The magnitude of this crisis is visible in the loss of homes and businesses and continues to be seen in the faces of the survivors and the loved ones who have been left behind. While many will attempt to answer the global capital markets question over the next couple of weeks, I wanted to take this moment to put my blackberry, my pen, my Bluetooth and my Wall Street Journal down, to express deepest sympathies for those who lost their lives in this disaster. With over 25 years in the business, one thing is for certain. The market will rise and fall for many reasons, but the most important investment we can ever make, is in each other.
My thoughts go out to those who have suffered a great deal as a result of this tragedy.
Commercial Real Estate Dispositions – How to Choose a Superior Broker
Mar 15th
In today’s complex market, most commercial real estate disposition assignments are executed using the services of a qualified broker to analyze the market and the property and to sell the asset for the highest possible price in a timeframe that is consistent with the specific needs of the owner/client.
If no obvious choice exists, most owners interview two or three brokerage firms and then make an informed selection, based in part, on the following:
- The firm’s national reputation;
- The firm’s presence in and knowledge of the immediate local market; and More >
NAI Global PowerSale To Offer 38 Industrial and Retail/Restaurant Properties
Mar 7th
NAI Global is offering approximately 38 properties via sealed bid in its fourth Commercial Property PowerSale™. The deadline for bids is April 14. The online sealed-bid sale is managed by NRC Realty & Capital Advisors, NAI Global’s alliance partner for online sealed-bid sales.
The Commercial Property PowerSale™ is an accelerated marketing program developed by NAI Global to match motivated sellers with investors and owner/users searching for prime investment opportunities. This unique marketing program gives sellers the opportunity to sell their asset quickly, reducing their holding costs and securing true market value for the property.
Interested buyers will have an opportunity to bid on industrial and retail/restaurant properties in 10 states. Large industrial properties include a 416,000 SF former Lenox plant on 56 acres in Galloway, NJ, near Atlantic City; a 238,000 SF industrial property on 40.6 acres near Chattanooga, TN; a 217,000 SF industrial facility in Salem, IN; and a fully entitled 300-acre mixed-use development opportunity in North Port, FL, between Sarasota and Ft. Myers.
The PowerSale™ also features 34 closed restaurants in Delaware, Florida, Georgia, North Carolina, Ohio, Pennsylvania and South Carolina, offered by a national lender. Building square footage ranges from 1,200 to 9,300 SF and includes former Wendy’s, Hardee’s, Boston Market, Golden Corral, Chevy’s, Waffle House, Roadhouse Grill, Pizza Hut, Sonic, El Pollo Loco, Popeye’s, Bennigan’s, Church’s, Papa John’s and more.
Prospective buyers and sellers interested in learning more about the Commercial Property PowerSale™ should visit NRC.com/PowerSale or call +1 800 747 3342 x102.
