Posts tagged NAI Global
eCommerce Still Needs Physical Space
Aug 11th
In my recent blog posts I’ve been exploring the question, “As retail evolves, do retailers still need warehouse/distribution space?” As noted previously, American retailers occupy more than 5 billion square feet of warehousing/distribution space. And while leasing volume declined dramatically during the recent economic downtown, retailers do continue to extend and/or renew their lease holdings while reviewing their long-term warehousing strategies. More >
What Attracts a New Business to a City or State
Aug 10th
Many municipalities put a great emphasis on economic development, often creating whole departments that do nothing but attract new businesses and keep old ones. A good industry can put a city or state on the map and any municipality will look at quality of life issues such as keeping its citizens gainfully employed. More >
CoStar Reports Auction Sales Since Early 2009
Aug 9th
Open the Wednesday real estate section of The Wall Street Journal or an email communication from one of the major real estate business journals and you can’t miss seeing that dozens of commercial real estate auctions occurring weekly throughout the United States. More >
Loan Sales Take Off
Aug 9th
Loan sales represent a large volume of the distressed asset transactions that have been closing so far in 2010. Lenders and special servicers’ decisions to hold or sell specific loans are generally based on a net present value (NPV) analysis of each asset. This critical analysis accounts for the respective costs to the lender if the loan is held or acquired as REO; the capital required to then stabilize and manage the asset; and the time required to foreclose (in some states, this can be longer than a year). With certain markets and asset values of some property types continuing to deteriorate, the conclusion is often that a loan sale makes more sense to the lender than a hold. More >
Key Ingredients for Your Commercial Property Due Diligence Package
Aug 6th
The property due diligence package is an important tool in marketing any property efficiently and effectively. By preparing the due diligence package early in your process of putting the property on the market, the information provided should better qualify any potential buyers and allow you to focus and negotiate with “real” buyers who understand what is available for sale.
