WHITE PLAINS, N.Y. – A corporate headquarters carved out of a former department storemay not be for everybody, but it's working for Danone North America.
"We wanted office spaces that are unconventional," said a Danone spokesman, Michael Neuwirth, showing off the spacious entrance hall of the company's new headquarters.
This could be a great time to be a landlord.
The real-estate market still only has enough supply for half the population. We’re still seeing high divorce rates, so people need more places to live. And households are still being created faster than the housing supply. All that combined means higher rents and that trend looks likely to continue for a long time.
6704 NE 47th Ave. is a fantastic opportunity to own an incredibly functional warehouse with multiple up-side opportunities. With the ability to easily demise the building, or have it as a single clearspan space, the property is ideal for an owner/user, investor, or both
Suite 303 in the historic Maddox Building is a fantastic opportunity to be in the heart of the Pearl District at below market rents.
The State of the Market panel drew some of the biggest names in commercial real estate to the stage.
If you sell commercial real estate and liked 2018? You’ll probably enjoy this year, too. That’s because the odds are high that commercial real estate will remain strong in 2019, according to some of the biggest names in the industry.
Yes, apartments are still a good investment, but for more fundamental reasons than during the past eight years. What I mean by this is apartments have always been a good investment. Unlike other commercial real estate investments, apartments are tied much more to residential trends and demographics.
The world of commercial real estate (CRE) is filled with misunderstandings and myths, especially in light of new technology startups that are poised to shift the status quo. To date, three ideas about new CRE tech remain especially pervasive across the industry, yet do little more than conjure fear about tech solutions that are sure to help the industry flourish.
CHICAGO, IL—FPL forecasts a positive outlook for commercial real estate salaries, bonuses and workforce growth forecasted for 2019. For its annual “Real Estate Compensation Pulse Survey, the global professional services firm polled 276 real estate companies globally in several areas including compensation via base salary, overall performance, annual bonus, long-term incentive, and workforce growth.
Beacons and sensors are making it easier for business owners to improve space utilization, tighten security, lower operating expenses, efficiently track inventory, and enhance customers’ experiences.
NEW YORK CITY— Throughout 2018, the corporate real estate industry has been reshaped by shifts in technology and business. Given the current extended up cycle in the corporate real estate market, it’s likely that this will only accelerate in 2019. I recently sat down with my colleagues Paul Kay, VP in Toronto, and Melissa Marsh, senior managing director, occupant experience, based in Savills Studley’s New York headquarters, for a conversation about three intriguing trends.
Plant a tree in a vacant space, and you may slowly watch the surrounding lot blossom with life. The same can be said when constructing real estate projects that benefit underserved communities in towns and cities across the globe.
The U.S. economy is more than a decade into its current growth cycle. And even as the runway ahead looks a bit shorter, investors are continuing to find plenty of buying opportunities to fit late-cycle strategies.
On Friday, the S&P 500 was down 2.8% for the year. Like a dead rat in the basement, everyone can smell the next recession, everyone knows it’s coming, but no one knows when. Nobody. The clever pundits give its commencement the same wide berth they would accord that moldering rat.
The question on every new investor's mind is simple: how do you know if an investment property will be profitable? Lucily, there are two easy formulas you can use to determine if an investment property is a good buy, financially. We've laid them out below. Read them over and take them to heart so that you have them at your disposal when you're ready to make a move
When it comes to commercial real estate, it is of paramount importance that, when you retain legal counsel, they take an in-depth look at all the nuances that make up the future transaction. Below are six tips that will help ensure your commercial real estate acquisition process goes smoothly.
If you're considering investing in a multifamily venture, or if you're already in the market, there are challenges and opportunities to watch for in the coming year. From rent trends to supply and cost factors, here's what to expect in 2019.
A common dilemma that many business owners face is whether to own or rent a business property. The decision often involves some consideration of what, if any, tax benefits are involved. Indeed, it can be taxing to understand all of the facts, nuances, codes and exemptions involved. After doing some research into the benefits of buying versus leasing commercial real estate, I was surprised to find so few articles that help make the issue accessible for those who are not tax law experts.
6704 NE 47th Ave. is a fantastic opportunity to own an incredibly functional warehouse with multiple up-side opportunities. With the ability to easily demise the building, or have it as a single clearspan space, the property is ideal for an owner/user, investor, or both.
19365 89th is a fantastic opportunity for an owner/user or tenant looking for the rare building that has up to 20,000 SF of secured yard, functional warehouse space, showroom, and multiple loading options. All in an ideal location.
Strong investor interest in U.S. commercial property markets has led to a surprising rebound in transaction volume in the first half of the year, though Colliers International U.S. Chief Economist Andrew Nelson does not foresee this rebound carrying over into the new year.
Warehouse space keeps getting harder to find as the drive toward online retail sales pushes more goods into already-squeezed U.S. distribution centers.
The availability of industrial property declined in the third quarter as nearly 50 million square feet of warehousing capacity came onto the U.S. market in the three-month period, according to real-estate brokerage firm CBRE Group Inc. CBRE +0.46% Distribution and e-commerce fulfillment operations are moving into new space just as quickly as it is being built, CBRE said.
With a growing number of employees working from home and 96% of people shopping online, protecting your commercial investment property is more important today than it has ever been.
Real estate investing often comes down to one big question: residential or commercial space? While residential investors may think they have the knowledge and skills to enter the commercial real estate(CRE) game, there are many differences between the two markets. Without a solid understanding of property valuation, rent structure and the various segments of CRE, you may find yourself in over your head.
Little Family Members, a Pet Supply distribution company, approached Matt Lyman to help them find a new facility for their business. Matt Lyman used inside market knowledge to find multiple off-market spaces. Once toured and selected, Matt created leverage between competing spaces to drive the deal terms in the Tenants favor, and not only got them a substantial, better-than-market concession package, but in last minute negotiations, got a full office renovation and expansion paid for by the Landlord.
As the president of a development company and co-manager of a private equity real estate fund, I’ve had the unique opportunity to spend hours analyzing market trends in pursuit of good real estate deals. Much of that time has been spent looking at secondary and tertiary markets. Over the last 20 years we have successfully purchased, entitled and developed projects in nearly every asset class in secondary and tertiary markets across New Mexico, Texas, Florida, South Carolina and Arizona.
Imagine a world where property transactions are fast, efficient and free of cumbersome contracts.
Five years ago, this may have seemed like a pipedream that was light years away. But as new technology begins to seep into the commercial real estate landscape, this dream could soon become a reality. Blockchain, the technology that allows information to be stored and distributed through a digital ledger, will begin to impact commercial real estate. Blockchain functions on a decentralized system, meaning transactions can be completed without intermediaries. Instead, digital contracts allow users to exchange anything of value, from property to shares, through an encrypted ledger that can be stored and shared.
PORTLAND, OR—Demand for office space remains strong. However, inventory continues to rise significantly this year with more than 550,000 square feet of construction delivered in the second quarter alone, to be followed by another half a million square feet for the balance of 2018, according to a recent report by Cushman & Wakefield. As this new product comes on line, competition for major tenants will heat up, swinging the pendulum back to the lessees’ favor.
Coworking made its mark as a solution for startups in need of a flexible, affordable place to house their teams while they proved out their idea. Spaces like WeWork, Industrious and Knotel became popular not only for their flexibility, but for the stellar amenities they offered. CEOs could treat their teams like royalty—think high-end coffee, beer on tap, HR perks and free events—without ever signing a long-term lease.
For many family offices, Opportunity Zones might be just the, well, opportunity they are looking for, investment-wise. However, families should not move forward without digging deeper into the investment. With various tax benefits for investors, it all may seem like it's just too perfect for a family not to participate in a real estate investment within an Opportunity Zone. However, the fundamentals should not be lost when looking at these projects within the area. Just because it's in an Opportunity Zone doesn't make it a good investment.