Dec
30
Heartland Real Estate Business magazine is a great monthly real estate publication. They highlight a variety of relevant commercial real estate stories, including transactions, market profiles, industry news and trend stories. So when they came a'knockin last month, asking if I would write a summary piece on Cleveland's retail ...
Nov
21
Considering the seemingly endless steady stream of dismal news and dramatically reduced activity levels over the last 3 years, the Cleveland investment market could use some good news. And it got just that in October. The total sales volume was healthy, including a mix of small deals and larger deals, across a range of product types. There were several 'market' investment sales, as opposed to the dearth of distressed sales that have dominated the ...
Jul
19
It's been a long time coming but the Cleveland investment market roared back to life in June. Riding the wave of the $4 billion acquisition by Blackstone of Centro's real estate assets (including the 10 located in northeast Ohio), the sales volume in the Cleveland market ended the first half with a huge ka-blamo. But the month wasn't just the Centro/Blackstone show - we also saw activity in the single tenant net leased market as well as a continued ...
Jan
7
When Heartland Real Estate magazine came a-knocking for a market roundup article for Cleveland, they didn't have to ask twice. Although many have categorized the current market as 'asleep at the switch', I actually see things quite differently. Similar to buds sprouting on tree branches after a long winter's nap, there are several projects in the pipeline that will have a significant impact on the entire region for years to come. To read all ...
Dec
21
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 ...
Dec
15
For the second straight month, the investment sales volume in the Cleveland real estate market was solid. While no one will mistake a $35 million month as a jailbreak, there were some encouraging signs. First, there was only one distressed sale. Second, the other five investment sales were varied in type, size and location. And third, several of the sales included a financing component. Individually, each of these characteristics wouldn't amount ...
Nov
29
Almost everyone likes the game of Monopoly. And why not: where else can you build a real estate empire, lose it all and then rise from the ashes to rebuild it again, all in the course of an evening. If only real-life real estate were was easy. But the good news is that investing in real estate actually can be easy - even as easy as clicking the mouse a few times. In this month's Properties magazine, we discuss several of the most popular ways to ...
Nov
12
The investment activity level in Cleveland has been up and down for most of 2010. Some months, things seem to be picking up, only to see the bottom fall out the next month. However, October may mark a turning point, for a few reasons. First, the overall sales volume was decent - nothing crazy but certainly better than September's total volume of "nufin". Second, the Cleveland real estate market saw the first net leased industrial sale in over ...
Nov
11
After nearly two years, the Cleveland real estate market can finally point to a market transaction for a net-leased industrial property. The market used to see one or two of these a month but hey, times are tough, right? This is actually an interesting transaction on a couple different levels but let's talk deal points for a minute. The building is a 343,000 square foot warehouse/distribution property located in Cleveland's southeastern ...
Oct
25
The run-away success of AMC's series 'Mad Men' has help to lead a resurgence of items which characterized the business environment in the 1960s. From black leather & chrome office furniture to martini-infused happy hours, many things that were old are now new again. Not to be shut out, in this month's Properties magazine, we are highlighting a 50-year old concept - the mortage / loan constant. Not only do we talk about what a constant is and ...
