8 Reasons to Use a Commercial Real Estate Broker

1) A broker is your gateway to commercial real estate and acts as your representative for all facets of the transaction. As a trusted advisor, a broker optimizes the process and maximize the value delivered to the client in many ways which is essential when embarking on such a complex endeavor. 2) An experienced broker has navigated the process many times before.  He/ she knows the challenges that could arise and is prepared for the unexpected.   Contingency planning will ensure a seamless transition for you and your organization regardless of…

Behind the Increasing Demand for Multifamily Households

Submitted by S. Laraby Robust projections for multifamily growth are fueled by many favorable conditions within the marketplace.  Limited vacancy of multifamily units, declining homeownership, favorable demographic trends and attractive government sponsored programs all fuel the trend toward this type of housing, for both tenants and owners.  High demand coupled with an improving job market has created a rise in apartment rent across the nation. REIS reported that rent increased by 2.3 percent in 2010, and the trend is expected to continue through 2013 as demand remains strong and construction…

The Key to Successful Real Estate Investing: Do Your Homework

Submitted by D. Saperstone Successful people love to hang out with other successful people!  There’s a certain energy that emanates when smart, successful business people talk about their businesses and the challenges they’ve overcome to make their respective operations winners.  I’m sure most successful business owners have overcome similar challenges on their way to growing their businesses.  A misstep here or a miscalculation there are part of the learning curve; a painful and often expensive reminder that there’s no substitute for experience. This axiom is just as applicable to successful…

2012 Multifamily Outlook

Submitted by J. Debes  Industry experts expect another strong year for multifamily in 2012, thanks to the same fundamentals that made 2011 a great year: ·         -creation of new rental households that accompanies job market revival ·         -continuing preference of rental housing over homeownership, thanks to weak for-sale housing sector ·          -supply constraints: last year 38,000 new apartment units came online, the lowest annual figure for new completions in 31 years (according to REIS, Inc) In 2011 the national vacancy average shrunk by 1.4%, ending the year at 5.2%.  The…

Educational Institutions Outsourcing Facilities Management

Submitted by S. Laraby A new trend has emerged among universities, high schools, and even grade schools: administrators outsourcing facilities management/maintenance.  Many schools turned to outsourcing during the recession to minimize overhead and remain flexible in the changing market.  Outsourcing these services reduces costs but many have found that the real value in outsourcing lies outside of the cost savings. Given the spectrum of daily, weekly and monthly service and maintenance tasks, outsourcing can provide a facility with a pool of human resources, each of whom is an expert in…