2020’s pandemic-shaped outlook posed challenges to all areas of business. From office to industrial, no one escaped this year’s disruptors unscathed. One of the worst-hit commercial sectors has undoubtedly been the foodservice industry. The restaurant scene was utterly surrounded by opposition to business success. Market closures, changing consumer sentiments, and fears of highly contagious diseases ravaged the restaurant industry all across the country. However, restaurants are resilient. Despite the mounting challenges, this business was able to stay above water and…

As new technologies become commonplace, the existing infrastructure is forced to adapt. Efforts to blend well with newly infused technologies oftentimes require the commercial real estate industry to make some updated considerations. This is the scenario that CRE now finds itself in with drones. Drones aren’t necessarily a new invention, but it’s continually hitting new application milestones as this flying technology makes headway into the modern industry. Let’s take a closer look at what’s happening with drones, and what CRE…

2020’s lease restructuring period isn’t anything like the industry’s used to. This year is filled with previously unforeseen obstacles, including pandemic disruptions, an economic downturn, and flood waves of new policies that implicate the commercial space. If you’re struggling with these circumstances, don’t let the opportunity to restructure your lease idly pass you by. This gives tenants the chance to establish new leasing agreements that can potentially help them down the line. Reducing expenses, rewriting protocols, and other edits can…

The coronavirus pandemic has undoubtedly shaken up every market in the country. While all eyes are on Class A cities to see how the very best in the game are faring during these times, other locations aren’t getting much consideration. In the middle of all of this market-madness, how are opportunity zones doing right now? Opportunity Zones 101 Opportunity zones are officially defined as “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment.” This…

Commercial real estate’s industrial sphere has been a winner in the business for years now. Often called the ‘golden child’ of commercial real estate, industrial spaces seem to thrive even when everything else is facing challenges. It’s becoming increasingly clear that warehousing is the way of the future. Riding on the back of e-commerce alone, the industrial space is set up for success. But, in preparation for the anticipated growth, warehouses are undergoing a contemporary makeover. Here are the latest…

Check out Alec Pacella’s latest video No Parking as he shares his insight and “what he see’s at PVC” NAI Pleasant Valley#CRE #NAIPVC #CCIM

Watch Alec’s very interesting What_I_C_atPVC video here. #CRE #Office #Market

As WFH continues to dominate today’s business scene, offices are facing many unprecedented challenges. Teams are teleworking, the office space is snoozing, and even after two months, there’s no official word yet on when things will be back to ‘normal’. With uncertainty on the radar and no clear end to COVID-19 in sight, office lease renewals will definitely pose a challenge for many landlords and property owners. Let’s take a deeper look at the details to gauge exactly what the…

Cleveland, Ohio – June 2, 2020 – NAI Pleasant Valley is pleased to announce that Gerilyn Gleason, CCIM and Jeffrey Kahn represented the Seller in the recent sale of a 37,000 SF +/- office building located at 20820 Chagrin Blvd., Shaker Heights, Oh. The office building is steps away from Van Aken District.  A Local Buyer is planning to occupy the property. About NAI Pleasant Valley NAI Pleasant Valley is the Northern Ohio office of NAI Global, a leading global…

Cleveland, Ohio – May 22, 2020 – NAI Pleasant Valley is pleased to announce that Jeffrey Calig, CCIM and David Hexter, SIOR represented both Buyer and Seller on a 31,237 SF. industrial facility in Streetsboro, OH. Congratulations to Natural Essentials, Inc. on the purchase of their fourth building to accommodate their rapid growth. Natural Essentials, Inc. is a large manufacturer of hand sanitizer and various over the counter drug products headquartered in Aurora, Ohio.  About NAI Pleasant Valley NAI Pleasant…