In this edition of the Commercial Connections Podcast, host Alex Ruggieri's guest is Bob Knakal, chairman and founding partner of Massey Knakal in New York City. Knakal discusses what it takes to get to the top and how accepting a summer job turned into the genesis of one of the top realty services firm in New York. Mr. Knakal graduated from the Wharton School of Business at the University of Pennsylvania with a BS in Economics and is a member of the National Association of REALTORS®. To date, Mr. Knakal has been responsible for the sale of more than 1,250 buildings worth over $10... Read More
The Commerce Department reports that spending on U.S. construction projects decreased in June by 0.6 percent, but residential construction activity is still 18.1 percent higher than in June 2012.
The second quarter marked a noticeable improvement in the recovery trajectory of commercial REALTOR® markets.
NAR Treasurer Bill Armstrong talks to members about NAR's investment in SentriLock, including its new global headquarters in Ohio. He also provides an update on new rules on bank capital that were finalized this month.
Asian investors are eyeing office and retail properties in North America and have already spent $1.9 billion on U.S. commercial real estate during the first six months of the year, according to data from Real Capital Analytics.
In this episode, Alex Ruggieri, CCIM, has a conversation with Jill Duemeland, CCIM, on how to achieve success while still achieving an ideal work week. CEO & President of Duemeland Commercial Real Estate, Jill specializes in tenant and landlord representation and sale and leasing of industrial, medical, and retail properties. In 2010, listed as a Rising Star by CCIM Institute, Jill discusses her term "power working" and what changed her mind into getting in the family business.
... Read More
Find out why economic turmoil leads to more court cases and what you can do about the potential risks.
A conversation with Jonathan Wiley about why most companies might be better off financially if they leased space.
As vacancies decline, community shopping centers are a hit with consumers.
Commercial Member Profile Report
Based on a random sampling of NAR’s Commercial members, the 2013 Commercial Member Profile gives a detailed overview of a variety of demographic characteristics and business practices of REALTORS® who specialize in commercial real estate. This infographic presents a sample of data from the report. Read the full report here.
For most commercial REALTORS®, investment activity registered slight improvements over the past year. Members posted gains in transactions of office properties, which took the top spot. Industrial, multifamily and retail/land deals followed close behind.
NAR's Research Economist George Ratiu and Research Marketing and Communications Manager TJ Doyle give an update on the latest positive signs in the commercial market, as well as some of the challenges still facing the market.
Following on the solid 24 percent yearly gains in 2012, commercial investments notched a strong first quarter. Sales of major properties totaled $72.8 billion in the first quarter, a 35 percent rise from a year ago, according to Real Capital Analytics. Portfolio transactions made up a large portion of the volume, especially due to the sale of Archstone apartment properties to Equity Residential and Avalon Bay. Individual property sales comprised $40 billion, a 7.8 percent gain from the same quarter last year.
National vacancy rates over the coming year are expected to continue declining in most property sectors.
WASHINGTON (May 28, 2013) – With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business, according to the National Association of Realtors® quarterly commercial real estate forecast.
WASHINGTON (May 23, 2013) – Realtors® who practice commercial real estate have reported an increase in annual gross income for the third year in a row, signaling the market is on the road to recovery. According to the National Association of Realtors® 2013 Commercial Member Profile, transactions and sales volume have also increased since last year.
The study shows median annual gross income for 2012 was $90,200, an increase from $86,000 in 2011 and is at its highest level since 2008.... Read More
CommercialSearch.com listings data from Xceligent will be available to realtor.com® users come Q3 2013.
WASHINGTON (May 16, 2013) – Realtors® who specialize in commercial real estate expressed optimism and confidence in the market during a forum at the Realtors® Midyear Legislative Meetings & Trade Expo. Despite a slow turning economy, commercial practitioners believe the market is not only better off than it was a year ago, but also will continue to improve.
Technological advances and specialization in healthcare means that patients will be spending more time in small outpatient facilities.