Blog
Wild Turkey Thanksgiving
The Rich/Goode family will be hosting this year and the traditional Butterball and given sway to a Virginia Wild Turkey compliments of my husband, Lloyd Goode, whom some refer to as the Great White Hunter. Feathers are his passion, ducks, geese and turkeys, but I would have to say turkeys are his most favorite of [...]
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Lease Renegotiation
As I noted in my last blog post, going to the market early to understand the vacancy, absorption and market terms is key to getting an understanding of the leverage you can have with your landlord. This strategy ensures better negotiation with the current landlord in getting what issues are important to the tenant. Getting [...]
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November 2011
We should express our thanks more often than we do, at least more frequently than once a year. I don’t mean in general instances of being polite, which I think most people do pretty well here in the Triangle. I mean we should look around—every day—to offer a quick, quiet thanks for everything that helps [...]
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Build to Suit – Lease
Experience has taught us (especially in this economy) that going to the market first is a strategy that seems to work well with landlords in obtaining optimal results for tenants seeking to renegotiate their office leases. This strategy can cut the time line in half, but the key is jumping in when the market will [...]
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Build to Suit for Better Efficiency: NC Rate Bureau Case Study
Overview NC Rate Bureau, Reinsurance Facility and Insurance Guaranty Association (NCRB, NCRF, NCIGA) engaged the services of Rich Commercial Realty three years before their lease was to expire. They knew the building they occupied for 20+ years was not suitable for their current needs. Over that period they had grown into the entire 31,000 sq. [...]
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Halloween Treat (no tricks!)
While watching CBS Sunday Morning on Sunday it occurred to me how entranced we are by all things related to All Saints Day, commonly known as Halloween. Started as the Celtic New Year, this day has served generations to scare away evil or be part of the goblins that trick rather than treat! The researcher [...]
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Giving Thanks
As we approach the season of Thanksgiving and the anniversary of Rich Commercial Realty’s founding, I am more than ever grateful for all of the people who have assisted in our 22 years of success. So many people come to mind as I think back to my humble beginning. It is with gratitude and love [...]
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October 2011
Embracing Social Media It’s hard to talk about social media without sounding cliche or trendy. Sure, it’s changing things, but really, what role does it play in business? Well, as it turns out, social media plays a big role in business today. And it’s something Rich Commercial Realty and to a larger extent, Keller Williams, [...]
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3rd Quarter 2011
Rich Commercial Realty/KW Commercial, Raleigh, negotiated the following leases: North Carolina Rate Bureau, 2910 Sumner Boulevard, Raleigh, with Harold C. Rich, Jr. as Tenant Representative and Malcolm Lewis as Landlord Representative. Schwab Performance Technologies, Inc., 4000 Westchase Boulevard, Suite 100, Raleigh, in a lease renewal with Michelle Rich Goode as Tenant Representative and Hillman Duncan [...]
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Nature’s Color
Why are we so mesmerized by the beauty of fall? Nothing touches me more than the beauty of color. Color and music, I have recently come to learn, resonate with the heart. The brain solves problems; the heart resolves them. Recently I spent a weekend in Vilas, NC with some friends at the home of [...]
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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. […]