Developers are ramping up apartment construction across the country to cash in on rising rents.
In this edition of the CIB, Steve talks to Marsha Petrie Sue MBA, CSP on what skills Commercial Practitioners can use to land that "knockout punch" on closing the deal as well dealing with difficult people and work situations.
With multifamily housing back on its feet, NAR Chief Economist Lawrence Yun said the more hopeful tone in Washington may pave the way for a full commercial recovery.
WASHINGTON (November 26, 2012) – Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market, according to the National Association of Realtors® quarterly commercial real estate forecast.
Existing and historic buildings are a hot commodity in a market that's moving back to the city. But are you ready for the risks?
Lender confidence leads to more loans beyond gateway cities and Class A assets.
Residential agents' strong sales skills provide enough of a foundation for success in commercial as long as they can adapt to its needs.
With the housing market improving, the veil of gloom over commercial real estate is poised to lift as well.
Even as the fundamentals in the residential real estate market improve, the commercial sector is "hobbling to recovery," said NAR Chief Economist Lawrence Yun at the REALTORS® Conference & Expo's Commercial Real Estate Forum.
Banks may still have a lot of bad commercial loans on their books, but smart real estate professionals shouldn't be shy about capitalizing on them.
ORLANDO (November 9, 2012) – Despite the residential real estate market showing signs of progress and the economy steadily improving, the commercial market continues to recover at a sluggish pace. However, a positive outlook endures as commercial real estate remains a solid investment, according to National Association of Realtors® Chief Economist Lawrence Yun at the 2012 Realtors® Conference and Expo.
“The commercial real estate market was an innocent bystander of the housing crisis, and the broad credit tightening has made it much longer for the market to... Read More
"I think there's been value erosion downtown," says the CEO of a major commercial investment company about office buildings in Manhattan.
Fitch Ratings is collecting preliminary data so that it can evaluate the impact of Hurricane Sandy on the commercial mortgage-backed securities market.
Rob teaches a wide array of courses within his specialty area, Commercial and Industrial Representation. He provides insights on several of these, including a primer course in Industrial Real Estate, and classes on Marketing and Negotiating, Building Wealth, and Successful Sales Techniques.
The Institute of Real Estate Management's new book has some great ideas on how to prepare any building for any disaster in striking range.
NAR Treasurer Bill Armstrong walks you through the brand new RPR Commercial Application, available only to members of NAR. RPR Commercial is the only tool you'll need for invaluable, in-depth data and analysis on markets and properties for commercial practitioners. Find out more in the latest commercial podcast.
On Sept. 11, 2012 the Subcommittee on Insurance, Housing and Community Opportunity held a hearing entitled “TRIA at Ten Years: The Future of the Terrorism Insurance Program”. By invitation only, NAR submitted testimony and was represented by 2012 NAR Commercial Committee Vice-Chair, Linda St. Peter, CCIM, CIPS (Prudential Connecticut Realty in Wallingford, CT.) Linda testified on behalf of NAR and its commercial affiliates: CCIM Institute, Institute of Real Estate Management, REALTORS® Land Institute, and Society of Industrial and Office REALTORS®. The purpose of the... Read More
"Nothing indicates a quick turnaround for commercial real estate, but it is improving," according to an outlook in a recent report on commercial real estate market.
The office market continues to recover, but at a very slow pace that has some concerned.