Archive for September, 2010
Companies Rethink Commercial Real Estate Space Needs
Sep 24th
One significant effect on the office leasing marketplace is the amount of square feet for which tenants are willing to commit in this environment. There is the obvious result of companies having fired a significant portion of their workforce. Also, there is an economy of size in how their offices are utilized. More >
How to Organize a Real Estate Department
Sep 20th
There are multiple choices for the real estate director on how to organize the real estate department. What are these choices and how do they compare to each other? More >
Proposed FASB Lease Accounting Changes Will Impact Sales Market
Sep 15th
There are changes afoot in the world of accounting dealing with how companies should treat their leases – for both lessors and lessees. Those changes will have an immediate impact on the sale of investment properties. There are several areas where the impact will be manifest, including:
- Tenants may be incented to sign shorter leases;
- Tenants will be less likely to sign renewal and expansion options into their leases; and
- Corporate users may find it more favorable to buy than to rent properties they wholly occupy. More >
Commercial Real Estate Activity is on Positive Mid-Term Ascent
Sep 14th
Lack of credit, anemic job growth and a high level of uncertainty have lead to choppy markets in 2010. Values rallied early in the year only to pull back by mid-year as the anticipated economic recovery failed to materialize. In the first quarter investors expected the recovering economy would begin to improve fundamentals in the second half. But as economic growth slowed to a crawl, commercial real estate values have pulled back as of mid year. According to Moodys/REAL Commercial Property Price Index, pricing had improved nationwide by 8.6 % from their October 2009 lows, but by mid year had pulled back to a modest 4.2% improvement. The index reported that even after rallying in the first quarter pricing was off .9% for the first half leaving the market 41.4% below the peak level realized in October 2007. More >
Manhattan Commercial Real Estate Market
Sep 13th
There seems to be a lot of debate about the current state of the market and where it might be heading going forward. There are people who are concerned that we are looking at a double dip and others who believe we are on the way to a recovery. More >
The Cost Plus Model
Sep 10th
What is cost plus? In the Corporate Solutions world the cost plus model is utilized when a real estate firm has dedicated resources either on-site or off-site for a client (the end user). These resources (Account Managers, Transaction Managers, Lease Administrators, Design/ Architects, Project Managers and GIS professionals) are paid for by the client, typically in monthly installments. Specifically their base salary, bonus, benefit load, technology, leadership management, SG&A and profit are rolled into the monthly fee paid to the vendor. More >
Jon Fischer, MAI, of NAI Global’s New York City Office Earns LEED Certification
Sep 8th
Jon Fischer, MAI, a Managing Director in NAI Global’s New York City office, received his LEED GA (Green Associate) designation from the U.S. Green Building Council (USGBC). He is one of only a few professionals nationwide holding MAI credentials (Members of the Appraisal Institute) to earn this designation. More >
Uncertainty is the Only Certainty in Today’s CRE Market
Sep 3rd
A review of recent macroeconomic data on the Corporate Real Estate (CRE) front provides for substantially mixed news regarding value trends. More >
Foreign Governments Remain Active in NYC Commercial Market
Sep 2nd
When the economy and the real estate markets were strong 3-5 years ago, a great many developers purchased and assembled sites in midtown Manhattan to build small hotels or residential properties. This is a time when financing was also readily available. More >
