#CCIM, #CCIMGlobal, #CLE, #CRE, Akron, Chicago, Cleveland Commercial Real Estate, Commerical Real Estate, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, Lease Renewal, Leased, MIDTOWN CLEVELAND, Mixed Use Development, NAI Global, NAIPVC, Office, Opportunity Zones, Pleasant Valley Corp, Properties Magazine, Property Management, Real Estate Investing, Recent Transactions, SIOR, Smart Building Features, ULI
(CRE)conomics: The Economics of Commercial Real Estate

Lease Vs. Own – What is Right for You? In my last post, we discussed the most important factors to consider when leasing space in an office building, specifically a downtown office building.  This week, we will take a step backward to review what leads a business owner to the decision to lease or purchase.  When considering a change, many owners will need to contemplate the following – does it make more sense to purchase or to lease my business’…

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Owning Up

Alec J. Pacella, CCIM Many years ago, I was meeting with a person that made an off-the-cuff remark of an ownership position in several high-profile properties and made several references to “he and his partners.” This caught me off guard a bit, as this person was relatively young and the portfolio of properties was substantial in value. As the years have passed, I have a better understanding of the many different ways to actually have an ownership position. This month,…

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Stabilizing employment rates good news for commercial real estate?

Though the construction industry was a strong performer, with an additional 32,000 employees hired, it’s worth noting that this figure would likely have been much higher if there were more workers available.

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Chicago, Cleveland Commercial Real Estate, Cleveland Office Space, Columbus, OH, Commerical Real Estate, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, Lease Renewal, Leased, MIDTOWN CLEVELAND, NAI Global, NAIOP, NAIPVC, Office, Pleasant Valley Corp, Properties Magazine, PropTech, Real Estate Investing, Recent Transactions, Retail Investment, SIOR, Sold, Trends, ULI
New data shows declines in national distress rates

New data from commercial real estate (CRE) data provider CRED iQ shows the delinquency rate for commercial mortgage-backed securities (CMBS) continued its downward trend in June 2022, dipping to 3.30%, marginally down from 3.32% the previous month.

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, 5G, Akron, Cleveland Commercial Real Estate, Cleveland Office Space, Columbus, OH, Commerical Real Estate, E-Commerce, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, Millennial, Mixed Use Development, NAI Global, NAIOP, NAIPVC, Office, Opportunity Zones, Pleasant Valley Corp, Properties Magazine, Property Management, Property Technology, PropTech, Real Estate Technology, SIOR, Smart Building Features, Technology, Trends, ULI
FINANCIAL STRATEGIES: Get Smart

The use of technology in real estate seems to follow a similar path, with innovations taking months, if not years, to be integrated into the industry

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Cleveland Commercial Real Estate, Coworking Trends, E-Commerce, Industrial Space Northeast Ohio, MIDTOWN CLEVELAND, Mixed Use Development, Mobile Workforce, Multifamily Sales, NAI Global, NAIOP, NAIPVC, Properties Magazine, Property Management, Property Technology, Real Estate Technology, Retail Investment, Shopping, SIOR, Smart Building Features, Suburbs, Technology, Trends, ULI
What’s happening in… Hamilton, NZ?

With a population of just under 200,000 people, Hamilton is the fourth most populous city in the country. In 2020, it was named ‘most beautiful large city in New Zealand

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#CCIM, #CCIMGlobal, #CRE, 2022, Commerical Real Estate, NAI Global, NAIOP, NAIPVC, SIOR, Smart Building Features, Student Housing, Suburbs, Trends, ULI
New MIT think tank focuses on sustainable Asian real estate

According to a recent article by the Massachusetts Institute of Technology (MIT), things are moving fast in the Asian real estate market.

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#CCIM, #CCIMGlobal, #CLE, 2021, 2022, Cleveland Commercial Real Estate, Cleveland Office Space, Drone, E-Commerce, Leased, Millennial, Mixed Use Development, NAI Global, NAIOP, NAIPVC, Office, Pleasant Valley Corp, Property Management, Property Technology, PropTech, Real Estate Technology, SIOR, Smart Building Features, Sold, Technology, Trends, ULI
What’s happening in… Vancouver?

Like most of the world, Vancouver was rocked by Covid-19, with business shutdowns and job losses. However, it was relatively more resilient than other Canadian metros.

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Cleveland Commercial Real Estate, Commerical Real Estate, Curb Appeal, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, MIDTOWN CLEVELAND, Millennial, Mixed Use Development, NAI Global, NAIOP, NAIPVC, Office, Opportunity Zones, Pleasant Valley Corp, Property Management, SIOR, Technology, ULI
Flood and extreme weather, coming for commercial property too

The word from researchers is brace yourselves for a “new era of climate disasters”.

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Chicago, Cleveland Office Space, Columbus, OH, Commerical Real Estate, Covid19, Mixed Use Development, Mobile Workforce, NAI Global, NAIOP, NAIPVC, Office, Opportunity Zones, Pleasant Valley Corp, Properties Magazine, PropTech, Real Estate Investing, Real Estate Technology, Recent Transactions, Retail, Retail Investment, Shopping, SIOR, Smart Building Features, Sold, Technology, Trends, ULI
Market analysis: NYC counts the costs of Covid

New York City (NYC) is virtually synonymous with commercial real estate.

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