Financial Strategies - Grandma's Attic 2020

The question as to what to do with the skeletons of the once-great American shopping scene has been on the table for years now.

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…

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…

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

We made it. Against all odds, loads of anxiety, and a solid amount of fear, the world is emerging out of the pandemic’s lockdown status. While the virus is certainly not south of us yet, markets across the country are starting to reopen – slowly but surely. This development is met by mixed emotions from all directions, but progress is being made one step at a time. During a trial and error period like this, every market can learn something…

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…

Cleveland, Ohio – NAI Pleasant Valley in Cleveland, OH & NAI Robert Lynn in Dallas, TX, both member offices of NAI Global, worked together on the lease renewal of Kintetsu World Express. Kintetsu is an international air freight forwarding company based in Japan. They were represented by Mark Miller, SIOR of NAI Robert Lynn in Dallas, TX and assisted by David Hexter, SIOR and Jeffrey Calig, CCIM of NAI Pleasant Valley in the lease renewal transaction totaling 33,824 SF at…