News
June 2011
It’s all relative It is the nature of complex markets to provide real estate professionals and business leaders with confusing information. Our current market is no exception, both locally and nationally. It is times like this when brokers really earn their stripes. And despite my tenure in the profession, I still find myself challenged every [...]
Read more
May 2011
Red Week shows passion for volunteerism
Every year, Keller Williams celebrates Red Day, a company-wide movement to better the communities in which our agents work and live. Given the nationwide reach of our company, projects take every shape and help just about any cause one can dream up. The point is to simply give back and pay forward. I’m glad to be part of a company that expresses this kind of gratitude to the cities and towns in which it is a corporate citizen.
Read more
April 2011
Time to get out there and do some business!
We in the business world often have to fight the mental aspects of an economic slowdown. That is to say, we let fear challenge our business instincts. Risks, once considered smart, suddenly become definitive refusals. Capital expenditures are put on hold and we hunker down to ride it all out.
But for how long should we let the storm whip our sails? At what point do we decide to once again step back on to the deck and right the ship? For us here at Rich Commercial Realty, that time is now. We’re taking a firm stance on the condition of our market and declaring it safe to come out and get back to trusting our instincts.
Read more
March 2011
The changing urban workplace
The Triangle is pretty familiar with the term “suburbia.” I don’t mean that the pejorative sense; but more in reference to how we have grown in the last 25 years. Small towns like Cary, Apex and Morrisville have blossomed into attractive and populated business centers.
Read more
February 2011
Lexicon of Leasing: First in a series.
Hey friends and colleagues!
We are launching a new newsletter series this month called the “Lexicon of Leasing.” We feel it’s important that you understand components of our industry’s language that carry a lot of weight when planning and discussing occupancy solutions. While we could spend every month for the next several years explaining commercial real estate leasing language, we’ll just touch on some of the more common terms.
So let’s start at the beginning, shall we?
Read more
January 2011
2011 Economic Forecast
I started the new business year by attending a very informative economic overview of North Carolina at the Raleigh Chamber of Commerce. It provided a great deal of insight and gave attendants plenty of reason to be optimistic about what role our state—and the Triangle—will have in the future of American business. And of course, some reasons to still be a little wary.
Read more
December 2010
Reconnecting by giving
Staying connected to friends and business partners is always a challenge. While the methods are plenty, the time is short. And that’s why I so much enjoy this time of year: it provides us the opportunity to reconnect to not just friends and colleagues, but to the reasons why we’re in business.
Read more
November 2010
Reflecting back and giving thanks
In the next few weeks, as the holiday season reaches crescendo, business owners and professionals are going to look back on a year that “could have been.” We’ll no doubt hear about slow sales and consolidations, layoffs and shut-downs.
But here’s my thought on all of that: we’re all still here.
Read more
October 2010
A primer on expected changes in office leases: from operating to capital
There has been a lot of industry discussion about changes in accounting standards that will affect the way tenants of commercial office space consider their leases. The Financial Accounting Standards Board (FASB) is considering eliminating operating leases and changing laws to mandate that all leases, including commercial real estate leases, be treated as capital leases.
Read more
September 2010
It’s a concession rich market; but careful negotiation remains critical
Last in a series on today’s tenant market.
If your company has been considering any sort of real estate decision of late, then you are no doubt aware of the types of concessions available to office tenants in today’s market.
Read more
Wall Street Journal Commercial Real Estate News
- Deal Is Near to Develop Willets Point May 17, 2012The Bloomberg administration is nearing a deal with the Related Cos. and a real-estate firm controlled by owners of the New York Mets to build a retail and residential development on a gritty swath of Queens near Citi Field. […]
- If Kids Can Play, Will Mom Shop? May 16, 2012In their bid to keep shoppers from deserting to the Internet, more malls are adding sprawling play spaces. […]
- Brookfield to Spin Off Holdings May 15, 2012Brookfield Asset Management plans to bundle together its wide array of commercial-property holdings into a new publicly traded subsidiary, with an eye toward further growth. […]
- Pointed Spat Over World Trade Spire May 10, 2012One World Trade Center's owners are sparring with their architects over what goes on top—a dispute that could stop the structure being recognized as America's tallest. […]
- Tax Terms Amended in Empire State Building IPO May 9, 2012The Malkin family that controls the Empire State Building has agreed to change the terms of the skyscraper's public offering, making the tax treatment less punitive to small investors. […]
- Plots & Ploys: Looks Don't Matter May 9, 2012Strange looks of a building apparently aren't enough to scare off big-name investors. That's the case with 100 Federal Street in Boston—the so-called "pregnant building" recently purchased by Boston Properties. […]
- U.K. Pushes 'Social' Housing REIT Plan May 9, 2012Facing a dearth of new-home construction, the U.K. real-estate industry and government are looking at ways to encourage the formation of new real-estate investment trusts that would focus on subsidized housing. […]
- Ohio REIT Heads Upscale May 9, 2012Associated Estates Realty Corp., which owns rental-apartment buildings in cities like Indianapolis and Columbus, Ohio, is pushing into the upscale Los Angeles market despite some investor concerns. […]
- Builder Is Constructing REIT for Home Rentals May 8, 2012Beazer Homes has formed a REIT with KKR that will buy and then rent single-family homes, one of the largest and most talked-about asset classes in the real-estate business. […]
- REITs Spring an Unnerving Surprise May 7, 2012Investors are discovering the downsides of some nontraded REITs: They are being valued at prices far lower than investors had expected. […]