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NAI Spring Commercial Realty Assisting Companies Servicing the Utica Shale in Carroll County

etolin — Tue, 19 Feb 2013 18:18:34 +0000

NAI Spring Commercial Realty has been actively servicing the Carroll County area supporting the influx of Oil & Gas companies to the Utica Shale region of Ohio. Carroll County has to date been the most active with 280 of the 502 permitted well sites as of January 31, 2013.

“Activity has been tremendous. We are seeing a resurgence of companies locating to the area as the Utica Shale play continues to be defined.” According to Bryce Custer, Real Estate Advisor with NAI Spring Commercial Realty, who had focused his activity in the Carroll and surrounding Utica Shale Counties. NAI Spring has assisted BTI, a division of Superior Energy Services and Praxair Distribution, to name a few of the dozens of companies locating to the area.

“Our challenge is readily available product that can support the companies coming to the area.” Mr. Custer said. “We are actively listing land and warehouses in the Carroll area. The ideal location is land with or without a structure located on one of the State Routes in the Carroll area. Demand is highest on State Route 43 (Canton Road), north south corridor and State Route 39, east west corridor.”

Power of Existing Relationships

System Administrator — Fri, 29 Oct 2010 00:40:33 +0000

There is power in existing relationships. The power results from the interaction and trust that builds as two parties work together to accomplish a common goal such as selling or leasing property. During the various phases of the interaction, the parties can view performance, attitude, work ethic, general ethics, critical thinking skills, organizational skills, commercial skills, drive, achievement of results, oral and written skills and a host of other components of performance. Successful results coupled with common attributes of performance lead to repeat business.

The statistics bear this out. Government research shows that long term incumbent suppliers are successful 80% of the time in retaining the business. Organizations with strong existing working relationships are successful 40% of the time. Organizations without a meaningful existing working relationship are successful only 10 to 20% of the time.

There are two critical lessons from these statistics and thought process:

Build meaningful relationships to secure long term business
Cautiously bid for new business where existing relationships have not yet been formulated

NAI Global has a strong track record on long term performance with our clients who have worked with us over multiple decades. Our results mirror the analytical results shown above. Wouldn’t you rather work with someone who is interested in your long term success rather than short term gratification?

-Ted Parcel

Ted Parcel is Executive Vice President of Corporate Services for NAI Global.

Beginning of the End, or End of the Beginning?

System Administrator — Fri, 29 Oct 2010 00:39:55 +0000

“Today is the day that Britain steps back from the brink” so said Britain’s Chancellor George Osborne yesterday as he presented the Coalition Governments plans to eliminate the £109 billion structural deficit during the lifetime of this Parliament.

Osborne inherited the biggest budget deficit of any leading economy. But the question is: will his plans involving £81 billion of public spending cuts and the loss of almost 500,000 public sector jobs save the country, or push it over the edge into a double dip recession?

The city, primed over recent weeks to expect the worst, received the Chancellor’s news relatively calmly. Certainly we did not see rioting on the streets at the announcement of the rise in the state pension age to 66 for men and women by 2020, saving £5 billion a year.

In total, around £18 billion of savings will come from cutting welfare costs. Local Government took the deepest of the cuts overall, The Department of Communities and Local Government faces a 51% reduction in its budget to £3.2 billion. The cut of 26% in the Local Government Grant to £24.2 billion will have shocked Local Authorities, but no doubt it’s we the public who will suffer with harsh cutbacks predicted in the level of serving provided to none essential services such as parks, leisure centres etc.

Despite the cuts, it’s not been all bad news; the Chancellor has sought to achieve a delicate balance between austerity v stimulus. As promised, Health and Schools spending were protected and the Chancellor found more cash for areas that could boost Britain’s future growth, including investment in science and confirmation that Crossrail, the £16 billion east-west new rail line in London, will proceed.

Certainly for property the effective removal of demand from the Government as a major new property occupier will be doing little to cheer the markets. However with an effective freeze on Government lease renewals for some weeks this has been anticipated and perhaps already built into market sentiment.

The issue remains: how will the rest of the world react to the austerity plans announced by the UK Government? Will the plans announced yesterday in the UK spur other Governments on to grasp the nettle? Only time will tell and in the meantime we must all take our medicine and hope that this is the end of the beginning and there will be brighter times ahead.

-Paul Danks

Based in London, Paul Danks is NAI Global’s Senior Vice President of Corporate Services working with clients across Europe, the Middle East and Africa.