Strong Q2 2012 Leads to Positive 2013 Outlook

Submitted by J. Debes Second quarter results for multifamily this year were very good leading analysts to project another banner year ahead for market-rate housing. Q2 Results: MPF Research reported that effective rents for new leases grew 1.2% for the top 100 metro markets in the second quarter, a 4% increase from the prior year.  The company also reported an occupancy rate of 95.2%, up from 94.9% in the first quarter Rents in most parts of the country have past pre-recession levels Marcus & Millichap reported apartment sales volume of…

Facility Upgrades Completed at Bob Johnson Chevrolet

Submitted by S. Laraby THE CABOT GROUP is pleased to announce completion of the Bob Johnson Chevrolet facility on West Ridge Road in Rochester, NY.  Driven by the General Motors initiative to become a customer-driven organization, Chevrolet dealerships across the country have tuned up their facilities to accommodate their clients. Greg Stahl, owner of Bob Johnson Chevrolet, sees the updates as an opportunity to keep his dealership on the leading edge within the market. Bob Johnson Chevrolet was recently named “Dealer of the Year” by General Motors for ranking high…

Are You Capturing ALL of Your Rent?

Submitted by B. Hunt THE CABOT GROUP recently assumed financial management and lease administration responsibilities for a multi-building office complex in Rochester N.Y. The property has numerous leases, with the majority of leases being triple net (tenant pays a base rent plus its proportionate share of the properties’ additional expenses for real estate taxes, operating expenses and utilities), — with the remainder of the leases being triple net after deduction of the additional expenses incurred in the first lease year.   The owner had operated for several years by charging…