The Commercial Real Estate Show addresses the question of whether one should personally guarantee a lease for his or her company.
The answer is no, if you can get away with it, as there is no benefit to a tenant. However, practically speaking, most landlords will require a personal guarantee for a small business. That being said, it never hurts to ask, and if you’re truly willing to walk otherwise, you might be pleasantly surprised. If you don’t ask, you don’t get.
Jay Parsons, Vice President for MPF Research at RealPage, goes on The Commercial Real Estate Show to provide an update on the multifamily property market and to make forecasts about multifamily property investments for 2017. Jay Parsons oversees the research, analysis and services teams at RealPage. He has written commentary pieces for numerous publications, including GlobeSt, Multifamily Executive, the Mortgage Bankers Association, American Banker, and Multihousing Pro. Jay is a frequent speaker on various topics from housing economics to multifamily market conditions to demographic trends at industry conferences and events around the United States.
Nadia Balint of RentCafe comes on The Commercial Real Estate Show with host Michael Bull to discuss sustainability in multifamily properties, including LEED certification and some of the top cities for green apartments. Nadia Balint is an online content developer and creative writer for RENTCafé, a nationwide internet listing service (ILS) that enables renters to find apartments and houses available for rent throughout the United States of America. The company is part of Yardi Systems, which has served real estate and property management professionals for over 25 years.
Jay Parsons, Vice President for MPF Research at RealPage, goes on The Commercial Real Estate Show to discuss trends in the multifamily property market, including performance, capitalization rates (cap rates), and rent levels. Jay Parsons oversees the research, analysis and services teams at RealPage. He has written commentary pieces for numerous publications, including GlobeSt, Multifamily Executive, the Mortgage Bankers Association, American Banker, and Multihousing Pro. Jay is a frequent speaker on various topics from housing economics to multifamily market conditions to demographic trends at industry conferences and events around the United States.
The Commercial Real Estate Show opines on which websites one should use to sell commercial real estate. Listening to it, I’m not sure what his answer is, so I’ll opine.
First, there is the question of how publicly to offer a property to begin with. At one extreme a property is offered privately, with disclosures related to the property subject to signing of an NDA. At the other extreme is a publicly listed property. In this post I’ll concentrate on the latter.
For most commercial properties, certainly those in the $2 million to $5 million mid-market in which we are active, it is clear to us, from experience, that being listed in what we consider to be the 3 primary platforms is important. One of these is MLS, which many commercial brokers avoid. Anecdotally, we find that MLS is at least as significant of a driver of leads to purchase mid-market commercial property. Thus, we believe placing a property on MLS provides value for customers that have listed with us. We do note, however, that as the price rises, the usefulness of an MLS listing seems to wane, particularly for properties over $10 million.
The sometimes asked question of where can one find the value of commercial property is addressed by Michael Bull, host of The Commercial Real Estate Show. Spoiler Alert: There is no one place to find values.
Steven Marks, Managing Director of Fitch Ratings, discuss the current state of multifamily real estate investment trusts (REITs) on the Commercial Real Estate Show.
Kindle Edition: Florida Chapter 475 Part 1 ~ Real Estate Brokers, Sales Associates, and Schools: From Florida Statutes Title XXXII ~ Regulation of Professions and Occupations | Click Image to View/Download on Amazon.com
James Hawkins, via a related entity, has made Florida Chapter 475, Part 1, Real Estate Brokers, Sales Associates, and Schools, from Florida Statutes Title XXXII, Regulation of Professions and Occupations, available for download on Kindle. This is a great resource for those studying to take the Florida Real Estate Sales Associate or Florida Real Estate Broker exams, and is a must have reference for those already licensed as Florida real estate sales associates, Florida real estate brokers, and Realtors.
Once on Kindle, users can conveniently access this (Florida Chapter 475 Part 1 ~ Real Estate Brokers, Sales Associates, and Schools: From Florida Statutes Title XXXII ~ Regulation of Professions and Occupations) via their Kindle device, using the Kindle app on their iPhone or iPad (iOS devices) available in iTunes, via the Android Kindle App for Samsung and other Android Devices available in the Google Play Store, or with a browser using Amazon.com cloud reader.
Michael Bull, host of The Commercial Real Estate Show, discusses the differences between internal rate of return driven investors versus cap rate driven investors.
Lea Overby, Director of Structured Finance Research with Morningstar Credit Ratings, discuss the retail commercial property market. Included in the discussion are the anchor store closings by Macy’s and others and the potential impact on malls and the REITs that tend to own them, which affects sales and leasing trends for retail properties in Miami and Miami area cities such as Doral, Coral Gables, and others. The deterioration of malls that lose anchors is discussed, as is the different effects on more versus less well capitalized owners. Also discussed is the types of tenants that tend to replace lost anchors. This discussion is with Michael Bull on his Commercial Real Estate Show.
Andy McCulloch, Managing Director of Real Estate Analytics at Green Street Advisors, discusses commercial real estate property values and the status of the current cycle. Prices today are 20% above the previous 2007 peak. Green Street believes that valuations are in the ninth inning. Bullish signals from the REIT and bond markets took 180 degree turns earlier this year, leading to some weak signals for the future direction of real estate property values. Andy McCulloch shares that healthy operating fundamentals as well as strong demand for United States real estate could extendly this cycle into extra innings.
Senior Analyst of Green Street Advisors DJ Busch shares some insights on the factors that his firms uses to determine a mall’s valuation and his overall outlook on the state of malls in the USA in 2016. Their retail team estimates that over 15% of malls will be closed or re-purposed over the next decade.
Kermit Baker, Chief Economist at the American Institute of Architects (AIA), discusses the potential impacts a Trump administration on the economy and commercial property / commercial real estate, with Michael Bull on the Commercial Real Estate Show.
