10 Commercial Real Estate Terms Every Small Business Should Know
Best Cities for Car Drivers
Written by John Kuo. Published Tuesday, June 17, 2014 on Nerd Wallet Finance.
Driving can be a hassle no matter where you live, but there are some cities in the nation where it's cheaper to own a car and easier to get around. Gas prices surge in the summer months, and this year's prices are about 5% more expensive than last year. Prices, traffic and road conditions can vary widely by city, making some areas less road rage-inducing than others. If you live in one of our 10 best cities for car drivers, you'll enjoy cheaper gas, easier-to-navigate roads and less traffic. And chances are, your daily commute will be less stressful than that of drivers in other cities. NerdWallet analyzed the data and found the 10 best U.S. cities for car drivers, according to these metrics:
Small Business Vitality: Best-to-Worst Rankings for 101 Major Markets
Written by G. Scott Thomas. Published April 2, 2014 on The Business Journals.
Scroll down for The Business Journals' rankings of small-business vitality for 101 major U.S. markets.
Each market's score has been determined by a six-part formula. (See the methodology sidebar for a full explanation.)
Influx of Commercial Real Estate Lending Expected in 2014
Written by Sarah Borchersen-Keto. Published on February 4, 2014 on REIT.com.
After three years of momentum building in commercial property lending, analysts are projecting that institutional lenders will place what could be record amounts of capital into commercial real estate in 2014.
Commercial property lending is fundamentally strong, and lenders still maintain disciplined underwriting standards, according to comments by Jones Lang LaSalle (JLL) executives attending the Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention on Feb.3, 2014. At the same time, they said, fundamentals in the real estate market are improving due to growth in housing markets, construction, industrial production and improved consumer sentiment.
Demographic Shifts Contribute To The Changing Face Of Retail
Written by Yuki Noguchi. Published on Monday, February 17, 2014 on NPR.org.
So far this year, retail chains have announced some heavy cuts. J.C. Penney said it would close 33 stores. Macy's said it would lay off 2,500 workers. Sears will close its flagship Chicago store in April.
That's creating a glut of excess space. But that's just one of several forces changing the face of retail.
Jason Moser, an analyst at Motley Fool One, focuses on one key number in retail: revenue per employee. In Amazon's case, every person the company employs generates an average of $800,000 in sales. For Best Buy? The number is much less than half that.
The Health-Care Law's Real Beneficiary
Written by Dawn Wotapka. Published Tuesday, January 28, 2014 on WallStreetJournal.com.
As the Affordable Care Act alters the nation's health-care landscape, business groups are closely watching to see who gets helped or hurt by the new law. In the real-estate world, one group appears to be emerging a clear winner: owners of medical-office space.
Earlier this month, Harrison Street Real Estate Capital LLC paid Washington Real Estate Investment Trust WRE -0.27% Washington Real Estate Investment Trust WRE -0.27% more than $500 million for 22 medical-office buildings containing 1.5 million square feet of space in the Washington area. The rich purchase price translates to $320 a square foot, well above the sector's average price of $179 a square foot and close to what it would cost to replace the buildings.
5 Critical Trends Essential to the Future of Commercial Real Estate Marketing
Posted by Doug Wendt. Published Wednesday, January 29, 2014 on Wendtpartners.com.
There was a time when commercial real estate (CRE) marketing strategies focused very narrowly on marketing a property and selling to a buyer or tenant. Today, nothing is so simple, and it takes a truly creative and comprehensive range of expertise to make a deal happen.
Commercial real estate marketing is perhaps like no other field of marketing in that it must be extraordinarily technical, while also being resourceful and creative. Technical knowledge without creative execution (or the reverse) will not work any longer.
Half of U.S. Counties Haven't Recovered From Recession
Written by Ben Leubsdorf. Published on Monday, January 13, 2014 on WallStreetJournal.com.
About half of the nation's 3,069 county economies are still short of their prerecession economic output, reflecting the uneven economic recovery, according to a new report from the National Association of Counties.
The overall U.S. economy had reached its prerecession level of gross domestic product three years ago, figures show.
National statistics "mask the reality on the ground," where some county economies were in recession long before December 2007 and others never experienced one at all, said Emilia Istrate, the association's director of research and one of the authors of the report. "That's where Americans feel the economy. They feel it locally."
The Shoe Fits: Nordstrom Rack May Be Coming to Bakersfield
Written by John Cox. Published Wednesday, January 22, 2014 on BakersfieldCalifornian.com.
Nordstrom Rack, BevMo!, Sprouts Farmers Market and several other national chains may be coming to Bakersfield this year, a local commercial real estate broker told an audience of about 160 Wednesday.
The statements by Duane Keathley, a principal at Cushman & Wakefield | Pacific Commercial Realty Advisors, are based on conversations he and his business partners have had, and do not constitute a formal announcement by his firm or the retailers themselves, he said.
The list of retailers could not be independently confirmed Wednesday. Executives at Castle & Cooke, the development company Keathley said is in talks with some of the chains hoping to open stores locally, could not be reached for comment.
"We've heard Sprouts has made a deal in Bakersfield. We've heard that Nordstrom Rack has made a deal in Bakersfield," he said in a phone interview late Wednesday afternoon.
If You Are Looking To Buy Or Sell Commercial Real Estate, These Tips Can Be Very Helpful For You
Written by Maynas Eric. Posted Tuesday, October 15, 2013 on Maynaseric.com.
You probably have a better chance at making a profit in the commercial real estate market than in the residential real estate market. Finding good opportunities can be quite difficult, however. These tips will help you decipher the variables so that you make good real estate decisions.
Make sure that you invest some time researching local income levels and other factors, such as unemployment rates or local employers plans for expanding or contracting their businesses before you invest a large amount of funds into real estate. In addition, you want to keep in mind what else is close to the property. Any place that supplies a large number of jobs to the economy can raise the resale value of any property and make it much faster to sell if you decided to go that route. Big employers might consist of hospitals, factories, or universities.