Welcome to the age of e-commerce. The contemporary digitized shopping module is impacting commercial real estate in more areas than just retail and industrial – it’s also having strong impacts on multifamily. Multifamily tenants rely on massive online realtors, such as Amazon, meaning more packages are coming through the door – and they all need to be processed through the building’s centralized mail circuit. A few years ago, this wasn’t much of a stressor for management. However, the times have…

As we’re approaching the industry’s slow seasons, we all can benefit from adopting some tenant-attracting strategies. Compared to winter and autumn, the spring and summer months can bring about a slow down for the CRE biz. Property owners who still have vacancies on their hands should step up the game to get tenants – especially when it comes to multifamily properties. Here are 4 winning ways to lease rental properties within multifamily buildings. Everybody Loves Incentives If you’re looking to…

The boundaries of real estate technologies keep on expanding. Are you up to speed? When looking at real estate technology trends, it seems like progress will never end. Ground-shaking technological advancements are spearheading the commercial industry by transforming how this business gets done, how tenants interact with properties, and how we view the CRE industry as a whole. It’s 2020 and the pace is unprecedented. Commercial real estate pros from all around the globe need to keep their eyes on…

Alec Pacella, CCIM Managing Partner – NAI Daus in Cleveland, Ohio @dausyouknow [email protected]

Alec Pacella, CCIM Managing Partner – NAI Daus in Cleveland, Ohio @dausyouknow [email protected]

  Alec Pacella, CCIM Managing Partner NAI Daus in Cleveland, Ohio @dausyouknow Twitter [email protected] Last month, it was announced that Amazon is converting the old Randall Park Mall site as a location for one of its massive fulfillment centers. The numbers associated with this facility are staggering. At an anticipated 855,000 square feet, it will be the largest warehouse/distribution development ever in northeast Ohio. The projected employment of 2,000 is more than the entire population of North Randall. And the…

Alec Pacella, CCIM Managing Partner – NAI Daus in Cleveland, Ohio @dausyouknow [email protected]

Alec Pacella, CCIM Managing Partner NAI Daus in Cleveland, Ohio Twitter @dausyouknow [email protected] Sometimes life has a unique way of maintaining balance. A few weeks ago, on a particularly delightful summer evening, my youngest son and I happened upon a sleek red exotic sports car parked next to us. As regular readers of this column will know, cars are an Achilles heel for me so I immediately recognized it as an early model Acura NSX. My 13-year-old son Ethan had…

Alec Pacella, CCIM Managing Partner – NAI Daus in Cleveland, Ohio @dausyouknow [email protected]