All in all, 2011 turned out to be a decent year for Cleveland's real estate investment market. The overall sales volume again ticked upward, this after hitting the bottom in 2009. More importantly, last year saw several 'market' transactions occur, which is a great sign going forward. But this isn't to say that there werent' some ...
In last month's Properties Magazine, we introduced the overall concept of Time Value of Money. There are six methods associated with TVM, called the six functions of the dollar. The first three are compounding functions, moving money forward over time, and these were covered in the September issue. The last three are discounting ...
In this month's issue of Properties magazine, we introduce the sometimes mysterious concepts associated with compounding and discounting. Although these concepts can be a bit daunting, they can also be extremely helpful to a real estate investor. With a little help from Rod Stewart, we take the mystery out of these concepts, which are ...
Real estate valuation is certainly a little bit of art, a little bit of science and a lot of speculation. Everyone has their own 'method to their madness'. But the beauty is that, despite what everyone thinks, the only opinion that matters is the end buyer. When the announcement came earlier this summer that 200 Public Square (formerly known as BP Tower) was going up for sale, the immediate question was 'what is it worth?' This month's Financial ...
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Although there has clearly been an increase in activity over the first half of 2011, the commercial real estate market continues to be a battlefield. In this month's Properties magazine, we take a look at some of the emerging trends in the Cleveland real estate market. And as you will see, there are certainly a lot more people looking for a fight than actually in one. To read the article, click here. ...
With the ushering in of the internet age, the amount of information (and pace which that information flows) has dramatically increased. In the old days, analyzing a real estate site or a market involved at least one if not several treks to the local planning department with the hopes of obtaining any kind of demographic information that might be stashed away in a file cabinent. The dawning of the PC era saw this data migrate from hard copy to digital ...
This month's Financial Strategies column in Properties Magazine continues a discussion that begin in the March issue. The topic for both months was Internal Rate of Return. In March, we gave some framing to the concept of IRR, explaining what it is and how it is used. And in the April issue, we tackle some of the shortcomings ...
One of the most valuable tools in the commercial real estate investor's tool belt is internal rate of return (IRR). If you've spent any time in the world of real estate investment, you have undoubtedly heard this term. But just what is IRR and what does it measure? In this month's Property magazine's Financial Strategies column, IRR takes center stage in the discussion. By using several examples, the concept behind IRR is explained, as well as how ...
Slowly but surely, Cleveland's real estate investment market is beginning to creep back to life. The sales volume has been steadily increasing, there are more buyers in the market and the lending environment is starting to come around. But along with this increase in activity comes some interesting paradoxes. Paradoxes like two buildings that are right next to one another, with one selling for nearly 30 percent more than its neighbor. Paradoxes ...
In this month's Property magazine, we take a look at the concept of loan amortization. Although most people tend to glaze over at the very mention of constructing a loan amortization schedule, a good understanding what is really happening throughout the life of the loan is critical to assist an investor in realizing both short and long ...
