Commercial real estate – Papa Byrd http://papabyrd.com/ Thu, 22 Sep 2022 21:19:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://papabyrd.com/wp-content/uploads/2021/10/icon-120x120.jpg Commercial real estate – Papa Byrd http://papabyrd.com/ 32 32 Commercial Real Estate Brokerage and Management Market Changing Industry Trends and Key Insights by 2030 https://papabyrd.com/commercial-real-estate-brokerage-and-management-market-changing-industry-trends-and-key-insights-by-2030/ Wed, 24 Aug 2022 13:11:00 +0000 https://papabyrd.com/commercial-real-estate-brokerage-and-management-market-changing-industry-trends-and-key-insights-by-2030/ Commercial real estate brokerage and management market analysis, trends, forecast to 2030 PORTLAND, OR, USA, August 24, 2022 /EINPresswire.com/ — Commercial real estate brokerage and management market By Solution (Sales, Rental and Others), Type (Brokerage and Management) and Application (Office, Industrial, Retail, Multifamily and Others): Global Opportunities Analysis and Industry Forecast, 2021-2030 The global Commercial […]]]>

Commercial real estate brokerage and management market analysis, trends, forecast to 2030

PORTLAND, OR, USA, August 24, 2022 /EINPresswire.com/ — Commercial real estate brokerage and management market By Solution (Sales, Rental and Others), Type (Brokerage and Management) and Application (Office, Industrial, Retail, Multifamily and Others): Global Opportunities Analysis and Industry Forecast, 2021-2030

The global Commercial Real Estate Brokerage and Management Market report offers the comprehensive market share, size and growth rate of different segments at country and regional level. It provides an in-depth study of market intricacies such as current trends, drivers, opportunities, and even restraining factors. The report also highlights the qualitative aspects of the study. Additionally, the unit considers key findings, in terms of market overview and investment prospects. The market report also involves the competitive landscape containing the profiles of the top ten major players in the industry. The leaders have been carefully assessed based on their revenue size, service/product portfolio, regional presence, key plans and policies, and overall contribution to market growth.

Get Sample Copy of “Commercial Real Estate Brokerage and Management Marketplace” @
https://www.alliedmarketresearch.com/request-sample/12224

Major Key Players in the Commercial Real Estate Brokerage and Management Market are:
CBRE Group, Inc, Christie’s International Real Estate, Cushman & Wakefield Plc, Jones Lang LaSalle IP, Inc, Newmark & ​​Company Real Estate, Inc, Colliers International Group, Inc, Keller Williams Realty, Inc, Regus Group, Lendlease and Century 21 .

Over the years, we have administered market intelligence studies in a range of industries for organizations of different types, such as for-profit and non-profit organizations, large-scale and large-scale organizations , and many others. We examine many aspects of the internal and external business environment disrupting the growth schemes of business ventures.

Impact analysis of COVID-19 on the global commercial real estate brokerage and management market:

The outbreak of the pandemic has had a huge impact all over the world, which has hampered socio-economic development. Therefore, the Commercial Real Estate Brokerage and Management Market report distributes a micro and macroeconomic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.

Key market segments:

By type –
• Brokerage
• Management

PER application –
• Desks
• Industrial
• Detail
• Several families
• Others

For detailed information connect to analyst @
https://www.alliedmarketresearch.com/connect-to-analyst/12224

Contents:

1 Presentation of the report
1.1 Scope of the study
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Objectives of the study
1.7 years considered

2 Global Growth Trends
2.1 Commercial Real Estate Brokerage and Management Market Size
2.2 Commercial Real Estate Brokerage and Management Growth Trends by Regions
2.3 Industry trends

3 Market Share of Major Players
3.1 Commercial Real Estate Brokerage and Management Market Size by Manufacturers
3.2 Commercial Real Estate Brokerage and Management Key Players Head office and Area Served
3.3 Key Players Commercial Real Estate Brokerage and Management Product/Solution/Service
3.4 Date of Enter into Commercial Real Estate Brokerage and Management Market
3.5 Mergers & Acquisitions, expansion plans

4 Breakdown data by product
4.1 Global Commercial Real Estate Brokerage and Management Sales by Product
4.2 Global Commercial Real Estate Brokerage and Management Revenue by Product
4.3 Commercial Real Estate Brokerage and Management Pricing by Product

5 Breakdown data by end user
5.1 Presentation
5.2 Global Commercial Real Estate Brokerage and Management Breakdown Data by End User

For great discounts shop direct here @ https://www.alliedmarketresearch.com/purchase-enquiry/12224

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to offer business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.

David Correa
Allied Analytics LLP
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Commercial real estate company ERES opens office in downtown Sarasota https://papabyrd.com/commercial-real-estate-company-eres-opens-office-in-downtown-sarasota/ Mon, 22 Aug 2022 21:48:46 +0000 https://papabyrd.com/commercial-real-estate-company-eres-opens-office-in-downtown-sarasota/ New hires and promotions Asolo Repertory Theater welcomed Margot L. Curry as the new Director of Finance and Human Resources. Curry is a key member of Asolo Rep’s leadership team, working closely with management in strategic decision-making and operations. In this role, Curry will work to improve Asolo Rep’s financial strength and […]]]>



New hires and promotions

Asolo Repertory Theater welcomed Margot L. Curry as the new Director of Finance and Human Resources. Curry is a key member of Asolo Rep’s leadership team, working closely with management in strategic decision-making and operations. In this role, Curry will work to improve Asolo Rep’s financial strength and stability through a diversified revenue model as the organization continues to manage the impact of the pandemic.

Bank of America named Erik Vatter Chairman of Bank of America Sarasota-Manatee. As Chairman, Vatter is responsible for connecting the banking and investment resources offered by the bank’s eight lines of business to the people and businesses of Sarasota/Manatee. He will also lead Bank of America’s effort to deploy resources to address social concerns, enhance economic opportunity and build strong communities, as well as support local employee health, safety and engagement.

Based at Lakewood Ranch Half Acre Construction Company recently added Matt Ward as an assistant project manager to his growing team. In his new role as Assistant Project Manager, Ward will support project coordination and management, perform administrative duties including RFPs and RFIs, prepare estimates, facilitate communication between office staff and field and will ensure projects are on schedule and on schedule. budget. Most recently, Ward was the project coordinator for Tommy’s Express Holdings.

Openings

ERES Companies, a commercial real estate company, announced the opening of its Sarasota office, located in the downtown Sarasota building at 1819 Main St., Suite 1000. The location will serve as a hub for ERES Capital, l private equity investment of the organization. and development center.

Price

Members of Central West Coast Chapter of the Florida Public Relations Association (CWC-FPRA) did well at the FPRA’s Golden Image Awards, with recognition taking place at the 83rd Annual Conference in Orlando earlier this month. CWC-FPRA Members Sharon Kunkel, April, and Kim Livengood, APR, CCRP won top honors in two of the three professional divisions in addition to other awards won by chapter members.

Jordyn Caldwell, Sierra Schumann, Yadira Gonzalez, CCA Initiative Coordinator Josephine Eisenberg, DIAL Program Coordinator Marlon Wilson, Jonathan Lee and Lauren David celebrate the end of the DIAL internship program on August 10th.



Internships

Americans for the Artsthe Sarasota County Community Foundation and the Interuniversity Alliance (CCA) recently announced the success of the Diversity in Arts Leadership (DIAL) program in Sarasota and Manatee counties. Five Sarasota/Manatee interns out of a total of 39 national finalists were selected for the program, now in its 30th year, and participated in a summer internship at an arts and cultural organization. Interns received a summer work allowance of $4,500 before taxes, more than 30 hours of professional development workshops, as well as artistic activities, lively discussions and more. They also have access to the national cohort of DIAL interns and the strong network of DIAL alumni.

Regional winners of the CCA DIAL Internship Program and the arts organizations they have served with are Jordyn Caldwellwho is currently finishing her final year at George Mason University to study film and media, has worked with The Sarasota Ballet; Lawrence Davida New Florida College senior minor in museum studies and major in environmental studies with an emphasis on urban studies and the environment, interned at the Sarasota Art Museum; Yadira Gonzaleza music student from Florida State Collegeplanning to study music business at Florida Atlantic University, worked with Manatee Performing Arts Center; Jonathan Leea Guatemalan-American artist originally from Chicago based in Sarasota, and an incoming junior at New Florida College studies theater and dance, intern at the CreArte Latino Cultural Center; and Sierra Schumann (they), a multimedia artist from Los Angeles County and currently a student at Ringling College of Art and Design specialized in illustration, served to Ringling Museum with the historical theater of Asolo.

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Developing women in commercial real estate https://papabyrd.com/developing-women-in-commercial-real-estate/ Mon, 22 Aug 2022 07:00:00 +0000 https://papabyrd.com/developing-women-in-commercial-real-estate/ When some people think of real estate and women, there is a certain image that may come to mind. This is not the story of a woman discussing the terms of renting a Class A office suite… When some people think of real estate and women, there is a certain image that may come to […]]]>

When some people think of real estate and women, there is a certain image that may come to mind. This is not the story of a woman discussing the terms of renting a Class A office suite…

When some people think of real estate and women, there is a certain image that may come to mind.

It’s not that of a woman discussing lease terms for a class-A office or reviewing a development site or sitting in a glass-walled conference room reviewing the financial details of a major transaction.

It is the image of a woman running to a visit for a house in the suburbs.

While there are plenty of women in the area who have built successful businesses working in residential real estate — and don’t care about clichés or preconceptions — there are also plenty of women in the Milwaukee area who are blazing the trail. a path in commercial real estate.

Slowly, but surely, they are bucking the stereotypes that the commercial real estate game is one in which only men can succeed.

In fact, in recent years, developers like Juli Kaufmann, JoAnne Johnson-Sabir, Melissa Nicole Allen and Cindy Shaffer have made a name for themselves with high-profile developments in the city and suburbs.

But it’s not just the developers.

Women have long played key roles in the market as investors, bankers, brokers, lawyers, architects, designers and construction workers, said Jacqueline Hrovat, shareholder and executive of the Mallery sc law firm, based in Milwaukee, which works on commercial real estate and financing transactions, including the Sherman Phoenix entrepreneurial hub, developed by Kaufmann and Johnson-Sabir.

“There are women in commercial real estate. They are intelligent and respected. They may not be the face of the business, but they do it in the background,” Hrovat said.

Some women in the industry – like emerging developers Obiageli ‘Oby’ Nwabuzor and Shar Borg – have come into real estate on their own. Sisters Caroline and Abby Brzezinski found their path in the field because they were inspired by the work of their father, Francis Brzezinski, managing director and partner at Waukesha-based Interstate Partners LLC.

After separately completing the University of Wisconsin School of Business real estate program, the sisters each worked in the commercial lending industry in Chicago for a few years before deciding to return home. Caroline joined Interstate Partners in 2008. With the industrial real estate market still recovering in 2012, Abby struck out on her own upon returning home, eventually teaming up with a friend from college to form Red Sky Partners. , based in Waukesha, which owns, manages and develops several family-owned properties across the region.

Recently, the sisters have started working together on some projects, such as Breeze Terrace, a 213-unit apartment building in Pleasant Prairie.

For both sisters, their father’s support has been key to their success, but so have the relationships they’ve forged with other women in the industry.

Women held less than 37% of commercial real estate jobs in 2020, according to research by the Commercial Real Estate Women Network. But for Caroline, “the narrative that CRE is ‘an old boys’ club is a bit tired”.

“There may not be a ton of women in leadership positions, but I think that’s true in almost every industry. And we have great relationships with a lot of very smart, successful women. (CRE) here,” she said.

Both Nwabuzor and Borg have been supported in their efforts to become developers by partners and mentors.

Borg began working in residential real estate in 2006. That year she began her very first project as a developer, working with Ryan Pattee on a 53-unit mixed-use apartment complex planned for the 1500 block of East North Avenue in Milwaukee.

“It’s not as easy for women. It’s a very small, tight-knit, male-dominated community,” Borg said of business development in Milwaukee. who are settled in this world, and they were happy to associate with me, but not everyone has those relationships.”

For Nwabuzor, mentors and partners have also played a key role in encouraging and helping him achieve his development goals.

Director of Diversity, Equity and Inclusion at Landmark Credit Union, Nwabuzor is currently working on a major redevelopment of the Milky Way Tech Hub space at 3803 W. Fond du Lac Ave. in Milwaukee, thanks to her relationship with the hub’s co-founder and CEO. Nadia Johnson.

A longtime Milwaukee resident who grew up in some of the city’s most deprived neighborhoods, Nwabuzor – whose development company Envision Growth was founded in 2019 – said leaders should look to people like her for guidance. help reinvent these spaces.

“I think there’s really a lack of investment in the vision of black and brown women who can make these changes,” she said.

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D-FW is the national leader in sales of apartments, industrial and commercial real estate https://papabyrd.com/d-fw-is-the-national-leader-in-sales-of-apartments-industrial-and-commercial-real-estate/ Thu, 18 Aug 2022 07:00:00 +0000 https://papabyrd.com/d-fw-is-the-national-leader-in-sales-of-apartments-industrial-and-commercial-real-estate/ Dallas-Fort Worth continues to lead the nation in buying and building apartments. And the D-FW area is the nation’s premier commercial real estate investment market. In the first half of 2022, investors scooped up more than $12 billion in apartment properties in North Texas — the most of any metropolitan area in the United States, […]]]>

Dallas-Fort Worth continues to lead the nation in buying and building apartments. And the D-FW area is the nation’s premier commercial real estate investment market.

In the first half of 2022, investors scooped up more than $12 billion in apartment properties in North Texas — the most of any metropolitan area in the United States, according to a new report from Newmark Group. Sales of D-FW apartments have far outpaced the other nearest major US markets, Phoenix and Houston, which each had about $7 billion in sales in the first six months of this year.

Nationwide apartment sales are at record highs.

“Investor appetite surged in the second quarter of 2022 with sales volume of $86.3 billion, representing a 42.4% year-over-year increase as well as the third-highest quarterly sum. largest in history,” Newmark Group analysts said.

D-FW ranked first in the country for apartment and industrial building sales in the first half of this year, according to Newmark.

North Texas recorded over $4 billion in industrial building sales.

Nationwide multi-family and industrial investments accounted for 57% of total commercial real estate investment this year.

A total of $22.9 billion in North Texas commercial real estate sales volume was recorded in the region during the first half of 2022 – the most of any U.S. market. Total sales activity in D-FW increased by approximately 50% year over year.

Los Angeles was second in commercial real estate investment with over $15 billion in activity.

“Quarterly investment volume increased 17.5% year-over-year to $190.3 billion in the second quarter of 2022, the third-largest quarterly volume total in history. “, said Newmark analysts.

In addition to being the country’s leader in apartment building and industrial building trades, D-FW was in the top five for office and retail real estate transactions.

More than 17,000 new apartments were added to the North Texas market in the year ending June, Newmark found. D-FW ranked with Houston and Austin as the best metro areas for new apartments.

D-FW ranked fourth nationally in apartment demand with 23,900 in net rentals.

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Commercial real estate transactions in the Toronto area total $7 billion in the second quarter, up 43% from a year ago https://papabyrd.com/commercial-real-estate-transactions-in-the-toronto-area-total-7-billion-in-the-second-quarter-up-43-from-a-year-ago/ Thu, 18 Aug 2022 07:00:00 +0000 https://papabyrd.com/commercial-real-estate-transactions-in-the-toronto-area-total-7-billion-in-the-second-quarter-up-43-from-a-year-ago/ TORONTO – A new report indicates that the total value of commercial real estate sales in the Greater Toronto Area in the second quarter increased 43% from a year ago. Avison Young’s report indicates that sales of office, industrial, retail, multi-residential and industrial, retail and investment (ICI) land in the region totaled $7 billion for […]]]>

TORONTO – A new report indicates that the total value of commercial real estate sales in the Greater Toronto Area in the second quarter increased 43% from a year ago.

Avison Young’s report indicates that sales of office, industrial, retail, multi-residential and industrial, retail and investment (ICI) land in the region totaled $7 billion for the three-month period, up from 4, $9 billion a year earlier.

The result brought total investment to $14 billion for the first half of 2022.

The report said the industrial sector recorded the highest investment volume during the quarter with $2.6 billion, compared to $1.4 billion in the same quarter last year.

The ICI land category brought in $1.7 billion, down from $1.6 billion a year ago, while office buildings saw $1.1 billion in transactions, down from $349 million a year ago. second quarter of 2021.

Multi-residential transactions totaled $1 billion, compared to $815 million in the same quarter last year and commercial real estate transactions totaled $696 million, compared to $725 million a year ago.

This report from The Canadian Press was first published on August 18, 2022.

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Edmonton commercial real estate market hits $1.46 billion in sales by mid-2022: report https://papabyrd.com/edmonton-commercial-real-estate-market-hits-1-46-billion-in-sales-by-mid-2022-report/ Mon, 15 Aug 2022 07:00:00 +0000 https://papabyrd.com/edmonton-commercial-real-estate-market-hits-1-46-billion-in-sales-by-mid-2022-report/ Breadcrumb Links Immovable Local News Commercial real estate Publication date : August 15, 2022 • August 15, 2022 • 3 minute read • Join the conversation Investments in Alberta multifamily properties surged in the second quarter, according to a report by intelligence firm The Network, noting that 24 deals were completed for more than $185 […]]]>

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Edmonton’s commercial real estate market saw an increase in investment activity during the first half of 2022, according to a mid-year market report.

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Total investment in commercial real estate jumped by more than $930 million to $1.46 billion in the second quarter of 2022, according to the report by intelligence firm The Network.

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President and owner Nathan Gettel attributed part of the gain to lower interest rates to borrow money sooner as well as out-of-province investments.

“We’ve seen a lot of buyers from British Columbia and Ontario coming to Alberta because those markets are starting to have quite high prices,” he said. “They see quite a bit of upside in Alberta right now, so that’s contributing to a lot of sales and higher prices.”

Overall, year-over-year sales are up more than 120%, the report says, highlighting a “renewed appetite” for industrial properties, multi-family properties and undeveloped land compared to in the first trimester.

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Investment in industrial property sees a “huge” increase

The company said there was a noticeable year-over-year increase in the sale of owner-used warehouses. These owner-user properties accounted for 55 of 79 deals in the first half of 2022 and $170.8 million in sales, the company added, while eight deals involving sole-tenant warehouses accounted for more than $254.5 million. over the same period.

Overall, investment in industrial warehouses saw a “huge quarter-over-quarter increase” of just under $440 million across 44 deals, according to the report.

Gettel said Edmonton has a strong industrial sector and properties in the city have attracted interest from large real estate investment trusts (REITs).

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“It’s a good investment in Alberta,” he added.

Investment in multifamily properties also saw a marked rise in the second quarter, the report added, noting 24 deals closed for more than $185 million, nearly double the value of sales in the first quarter.

At the end of June, there were 42 transactions involving multi-family properties, representing more than $397.8 million in sales, the company reported, adding that townhouses were of particular interest, with three selling for more than $25 million. dollars each.

News of the recovery in the multi-family asset class follows a reported slowdown in the residential market which saw unit sales in July fall 10.3% from the same month a year earlier and 23 .8% compared to June.

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Sales of single-family homes in July fell 24.4% from the previous month, while sales of condos fell 22.1% and duplexes 21.3% month over month.

Commercial condo sales up from ‘shy’ first quarter

The first quarter of 2022 saw $78.8 million in first-quarter land sales — a figure that roughly doubled to around $159 million in the second quarter, the company reported.

Mid-year 73 deals accounted for $238 million in sales, the company added, breaking a four-year record set in mid-2019 that hit $233.4 million and a reported two-year decline. during the first half of 2020 and 2021.

The company cites the $60 million purchase by Air Products Canada Ltd. of 150 acres in northeast Edmonton as a “remarkable transaction” in 2022 so far.

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As of mid-2022, there were $53.5 million in commercial condo sales from 83 transactions, nearly double the 43 transactions seen in a “lackluster first quarter,” according to the report.

In early 2022, increasing cases of COVID-19 were stimulated by the Omicron variant. The effects of the COVID-19 pandemic may have caused investors to turn away from the market during this first quarter, Gettel said.

“Those sales started to flow into the second quarter,” he added.

The first half of the year also saw strong demand for industrial condos, the company reported, which accounted for 65% of 83 deals in this asset class (compared to about half of deals in previous years), and more of $33.7 million in Sales.

However, the report says there were only $4.3 million in retail condo sales at the end of June, compared to about $22 million in mid-2021.

— With files by Kellen Taniguchi

hissawi@postmedia.com

@hamdiissawi

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Commercial Real Estate Highlights: 11 E. Broad St. Sells for $1.35 Million | Local business news https://papabyrd.com/commercial-real-estate-highlights-11-e-broad-st-sells-for-1-35-million-local-business-news/ Sun, 14 Aug 2022 07:00:00 +0000 https://papabyrd.com/commercial-real-estate-highlights-11-e-broad-st-sells-for-1-35-million-local-business-news/ Porter Realty Co. Inc. refers to the following leases: Camille Roudney leased 1,240 square feet of office space at 4807 Hermitage Road in Richmond. 3 stars Vape Inc. leased 3,600 square feet of retail space at 3710 Mechanicsville Turnpike from Henrico. Taylor Long refers to the following leases: We think of ink leased 1,183 square […]]]>

Porter Realty Co. Inc. refers to the following leases:

  • Camille Roudney leased 1,240 square feet of office space at 4807 Hermitage Road in Richmond.
  • 3 stars Vape Inc. leased 3,600 square feet of retail space at 3710 Mechanicsville Turnpike from Henrico.

Taylor Long refers to the following leases:

  • We think of ink leased 1,183 square feet at 278 N. Washington Highway, Suite E, in Ashland.
  • Braids by Kiana leased 1,215 square feet at 5700 Brook Road, Unit 5664, Richmond.
  • Nhale Smoke & Vape LLC has leased 1,480 square feet at 13541 Midlothian Turnpike, Suite T, Chesterfield.
  • Pagano Wellness Clinic LLC has leased 4,480 square feet at 300 Arboretum Place, Unit 310, Chesterfield.

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Joyner Commercial Real Estate reports the following sale:

  • Gibran LLC bought an 11,474 square foot multi-family investment at 11 E. Broad St. in Richmond for $1.35 million. Susan Haas represented the owner.

Porter Realty Co. Inc. reports the following sale:

  • Open Industrial Acquisitions LLC purchased 5.91 acres of land at 11223-11231 Washington Highway/10438 Dellwood Road in Hanover County from Charles S. and Belinda N. Flournoy for $1,200,000. Kevin Cox represented the seller.

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Investors Eye Multi-Family Commercial Real Estate https://papabyrd.com/investors-eye-multi-family-commercial-real-estate/ Fri, 12 Aug 2022 07:00:00 +0000 https://papabyrd.com/investors-eye-multi-family-commercial-real-estate/ Stocks and bonds have always been the main source of investment in the United States. In fact, the 60/40 stock/bond portfolio is a standard that most investors follow. However, following this trend eliminates one of the most stable investments in today’s market: real estate. Over the past 12 months, ending June 30, 2022, the S&P […]]]>

Stocks and bonds have always been the main source of investment in the United States. In fact, the 60/40 stock/bond portfolio is a standard that most investors follow.

However, following this trend eliminates one of the most stable investments in today’s market: real estate.

Over the past 12 months, ending June 30, 2022, the S&P 500 is down 11%, the Dow Jones Index is down 14%, and the Nasdaq is down 22%. Volatile Bitcoin is down 68%.

Meanwhile, multi-family real estate rent amounts have continued to rise over the same period, and the value of homes for sale continues to rise, which means profits have continued to rise for investors.

Real estate investors find value in multifamily real estate. The annual rent for multifamily properties increased by an average of 13.5% in 2021. In fact, multifamily properties continued to generate the highest average returns among real estate categories in 2021, a trend that has continued for 40 years.

Another point to consider is that real estate does not follow typical stock market fluctuations. While stocks and bonds follow the fluctuations of the stock market, multifamily properties are independent of these fluctuations. While this may mean that real estate doesn’t experience wild swings in returns and losses like some stocks do, it does mean that return earnings are more stable and consistent.

For example, in 2021, a portfolio of 50% stocks, 30% bonds, and 20% multi-family real estate had an annualized return of 18.5%, compared to a portfolio of 60% stocks. and 40% bonds, which had an annualized return of 15.9%.

Although multifamily properties may yield the highest average total return, according to a 2017 report from CBRE Research, there are other types of properties that also yield average total returns above nine percent. Multi-family buildings (9.75%), hotels (9.61%), industrial sectors (9.57%) and retail (9.44%) are all generating strong returns, with office properties posting on average a total return of 8.38%.

The reason why multi-family properties are at the top of the list? Millennials have a strong desire for rental properties, while baby boomers have also started to rent more.

Lease agreements for multi-family rentals typically only last for one year, allowing for faster increases compared to office, industrial, and commercial leases, which are typically five years or longer.

Mike Ballard is the co-founder of Camino Verde Group, a Las Vegas real estate investment and development firm, and is involved in the development of over $200 million in multi-family or mixed-use real estate in California, Nevada, in Texas and South Carolina. and Utah.

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Omaha Commercial Real Estate Summit to Cope with Changing Industry | Local business news https://papabyrd.com/omaha-commercial-real-estate-summit-to-cope-with-changing-industry-local-business-news/ Sat, 06 Aug 2022 07:00:00 +0000 https://papabyrd.com/omaha-commercial-real-estate-summit-to-cope-with-changing-industry-local-business-news/ The world of commercial real estate is changing day by day with rising interest rates, supply chain delays and the redesign of modern office space. Industry professionals will gather for the annual Commercial Real Estate Summit on August 26 to discuss the company’s progress. The one-day event, in its 33rd year, is expected to draw […]]]>

The world of commercial real estate is changing day by day with rising interest rates, supply chain delays and the redesign of modern office space.

Industry professionals will gather for the annual Commercial Real Estate Summit on August 26 to discuss the company’s progress.

The one-day event, in its 33rd year, is expected to draw approximately 1,000 attendees to the CHI Health Center. Organizers have seen a resurgence of interest in the event.

“Since the Great Recession, we’ve had nothing but bullish years in commercial real estate,” said event founder Jerry Slusky. “But with these headwinds, I think this is the most significant summit we’ve had in 10 years.”

Topics for this year’s workshops include: the changing economy; adapt to a hybrid workspace; the impact of rising interest rates; the changing world of retail; and manage labor shortages and supply chain delays.

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“It’s 50% education, 50% networking,” Slusky said.

A handful of awards will be handed out at the event, including Deal of the Year and Development of the Year.

Omaha’s deal of the year is Blackstone Plaza. For Lincoln, the award will go to Bryan Health for Cancer Center Partners.

Development of the year will go to The Farnam Hotel in Omaha and Lied Place in Lincoln.

Additionally, four individuals will be recognized for their impact on the local commercial real estate scene: Brenda Dooley, Vice President of Facilities at First National Bank of Omaha; Curt Hofer, owner and president of Curt Hofer & Associates; Kevin Rhodes, President of Greenleaf Properties; and Mark Westergard, civil engineering and project manager at E&A Consulting Group.

Summit tickets are still available. To register or for more information, visit attendcresummit.com.

]]> Commercial real estate slows as buyers put down their pencils – Orange County Register https://papabyrd.com/commercial-real-estate-slows-as-buyers-put-down-their-pencils-orange-county-register/ Sat, 06 Aug 2022 07:00:00 +0000 https://papabyrd.com/commercial-real-estate-slows-as-buyers-put-down-their-pencils-orange-county-register/ August 2022. Wow! What an incredible 2 and a half years. I have written, in this space until nausea, what we have been through since the ball fell on December 31, 2019. I won’t bore you with a recap. Instead, today I’d like to offer an opinion on where we are and what potentially lies […]]]>

August 2022. Wow! What an incredible 2 and a half years. I have written, in this space until nausea, what we have been through since the ball fell on December 31, 2019.

I won’t bore you with a recap. Instead, today I’d like to offer an opinion on where we are and what potentially lies ahead.

The industrialist has pressed the pause button on its meteoric rise in values, office suites are full of freebies for those wishing to sign a warrant and retail – especially Walmart, Target, Ross, TJMaxx, Tuesday Morning, Bed Bath and Beyond and Burlington Coat Factory – take their pieces. With soaring gas and food prices, few people can afford discretionary spending like before.

As a result, earnings suffered, as evidenced by Walmart’s 14% drop. Foot traffic at the retailer’s stores is also down.

For us, it all comes down to real estate transactions. Are people still making transactions?

I thought about the factors that motivate a transaction. I believe the three factors driving the deal are attitude, stocks and interest rates. Everyone can influence the decision, but in my opinion, only one factor can change the decision: a change in motivation!

Attitude

I have broadly grouped issues such as uncertainty, lease expiration time, business forecast, market conditions, time of year, age of business, age of business owners, etc., in the attitude category.

As commercial real estate professionals, uncertainty is the attitude that causes the most pain. If a business owner is uncertain about the future, a decision to buy will be postponed or a decision to buy could turn into a decision to rent, or a 10-year lease could become a two-year lease or a new lease could become a renewal at maturity. the current location of the business.

In Southern California, late 2008 and early 2009 were particularly painful. We are now being told that the worst recession since the Great Depression began in December 2007 and ended in June 2009. While we can debate when the recession ended, none of us will dispute when it started.

Many of us in the business sensed that a “change” was coming at the start of 2008. Financing was becoming harder to come by, values ​​were at an all-time high and the market was feeding on an exuberance that many between us believed unsustainable. . Our worst fears came true in the fall of 2008 when the financial sector imploded, stocks plummeted and many real estate deals collapsed.

The resulting uncertainty continued into early 2009 until after Obama’s inauguration. Today, CEOs who decide to bring a workforce back to the office are faced with employees who are comfortable enough to work from their kitchen tables when expensive gasoline doesn’t motivate commuting.

With logistics buildings full of holiday merchandise and tricky retailers, the situation is akin to constipation. It takes something to make things happen!

Inventory

The market’s supply of suitable alternatives may affect the timing and viability of the transaction.

We’ve all experienced a “seller’s” market since 2019. In these times, the demand for space far exceeds the supply.

As a result, a seller can afford to be optimistic and often is. You need to carefully review inventory every day and put your buyer or tenant in the best position to close a deal.

Today, the market is changing from a seller’s market to an “equal” market. That means the good old days of multiple offers and TBD prices are probably coming to an end.

It was in 2014 when I last saw a “brokerage bonus” offered for a transaction concluded before September 30th. What is this owner seeing and trying to avoid? What is an expensive vacation?

Interest rate

A wide swing up or down can motivate a chord. We had double-digit interest rates in the early 1980s and historically low interest rates over the past decade. Given that interest rates have recently spiked a point or two, many buyers have taken a pencil-and-gun approach to continue shopping.

Any combination of the above can lead to a change in motivation. In my experience, this is the only thing that can cause a real estate transaction to fail. Let’s hope for good attitudes, a balanced inventory and affordable interest rates!!

Allen C. Buchanan, SIOR, is a principal at Lee & Associates Commercial Real Estate Services in Orange. He can be reached at abuchanan@lee-associates.com or 714.564.7104.

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