preload preload

A cold winter’s night.

Real estate investment decisions don't end once an investor purchases a property.  In fact, the decisions are just beginning.  An investor faces a myriad of decisions during their ownership period and the harshness of this past winter makes these decisions even more important.  The Financial Strategies column in this month's issue of ...
Tags:

Have You Ever Been on a Really Long Car Ride?

The last several years have been extremely difficult for the commercial real estate market.  Throughout the economic downturn, one dominant question was on everyone's mind - 'when do you think things will get better?'.  This only grew louder as the real estate market bumped along the bottom.  But as things began to slowly improve, the ...
Tags:

Grading Time

If you are a frequent reader of this blog (and shame on you if you aren't), you'll know that each January, one of my first blog entries is a review of my social media goals from the past year.  So let's break them down: Blog - last year, I boldly proclaimed that I would shoot for 36 new entries over the year.  A quick tally shows that I missed the mark.  And not by a little - a mere 20 posts.  Ugh.  Sounds like a C- effort to me. Twitter - last ...
Tags:

Talking TXT

Like it or not, the texting evolution is having a pronounced and marked impact on modern communication.  If you have any doubts, I dare you to spend 10 minutes with the average teen.  In this month's Properties magazine, we are discussing some of the more common real estate acronyms.  While not quite as confusing as some of the texting symbols, the wonderful world of real estate certainly can have a language all of its own.  To see the article as it ...

Toolkits

Real estate investors have a variety of tools available to them when evaluating various investment properties.  Some are simple while others are complex.  Like most tools, the key to effective results is knowing not only how to use each specific tool but also under what circumstances.  In this month's Properties Magazine, we discuss the most common analytical tools used by real estate investors, including Gross Rent Multiplier, CAP rate, cash-on-cash ...
Tags:

Sweating the details.

Most real estate investors use mortgages early and often.  And the most common item that comes up when talking about mortgages are the terms, such as interest rate, amortization period and loan term.  However, mortgages also include a whole host of conditions that need to be recognized.  And while the loan payment is certainly front and center for most investors, it is just as important to understand and abide by these conditions.  In this month's ...
Tags:

Race on Sunday, Drive on Monday

As our workforce continues to evolve, the needs, desires and preferences of the office workforce has changed.  This has certainly flowed through to the design and layout for office space.  The Baby Boomer generation works and uses office space considerably different than the Generation X and Y'ers.  And don't even get me started on ...
Tags:

Halfway Home

2013 is moving along and the real estate investment market in Cleveland is moving right along with it.  Activity levels have been solid over the first six months of the year, with a nice blend of transactions - both by size and type.  However, the market still has some choppy waters to navigate, namely several large and influential distressed assets that continue to work through the system as well as a continued tentativeness amongst traditional ...
Tags:

Is the party over?

Over the past few years, I have sat through many presentations regarding distressed real estate.  And while the content has varied, all had one concept in common - the distressed commercial real estate environment/dilemma/opportunity will be coming to an end in 2017.  It doesn't take a Mayan to figure out what is so magical about this date.  The real estate market was red-hot in the early to mid-2000s and the vast majority of the loans used by ...
Tags:

The Soothsayer

During my days at First Industrial Realty Trust, we would have a conference call the first Tuesday of the month.  The call was led by the company's head of investments, Dave Harker, and on it, we would review various acquisitions across the country that were in process.  Although most of these calls are now just a blur in my memory, I vividly recall one. This particular call occurred August 7, 2007 and it was not the actual content that stood out but ...
Tags: