CYCLING UP! Several years ago, I had the opportunity to listen to a noted professor and author by the name of Glenn Mueller. In addition to being on the faculty at the University of Denver, he also has written several notable research publications. One of the things that Mueller often talks about is what phase we are in according to the real estate cycle and as we close out 2014 and look forward to 2015, I have no doubt that…

A lot of things happened in 2013. A new pope was elected, JP Morgan was slapped with a record $13 billion penalty and Lou Reed took a permanent walk on the wild side. But one of the most impactful to many of us (or at least to our wallet) was a series of changes that were enacted in the United States tax code. Some of these changes were big headlines while others may have slipped through relatively unnoticed. But with one year under our collective belts and a…

President of NAI Daus Property Management, Ira Krumholz, CPM was installed as President Elect of the Northern Ohio Chapter of IREM. NAI Daus property manager, Jill Dzina was appointed Chair of the Membership and Education Committee of IREM at the recent IREM Installation Dinner at the Cleveland Metroparks Zoo. Congratulations to Ira and Jill!

NAI Daus Property Manager Jill Dzina received the CPM Candidate of the Year Award from the Northern Ohio Chapter of the Institute of Real Estate Management (IREM). The award was presented by the former President Karen Bates, CPM and the new President, Sue Watson, CPM at a recent IREM Installation dinner at the Cleveland Metroparks Zoo. Congratulations to Jill!  

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NAI Daus is pleased to announce that Eytan Rosenblum has joined us as an Associate commercial agent. He will be working with Scott Garson, Partner, servicing clients in the Midtown and other City of Cleveland neighborhoods. Prior to joining NAI, Eytan worked for Stark Enterprises; a full-service development firm where he worked with the Chief Operating Officer in the pursuit of sites for real estate investment and development. Eytan is a graduate of The Ohio State University. Eytan Rosenblum, Associate [email protected] 216 455…

Alec Pacella, CCIM, Managing Partner at NAI Daus explains the meaning of commercial real estate designations. If you have ever spent time around commercial real estate professionals, you have undoubtedly seen various letters that follow some of our names. For example, my business card reads “Alec J. Pacella, CCIM.” The letters “CCIM” represent a real estate designation that I have achieved. And although some may have an understanding of this designation, most can only guess as to its meaning. This…

Cyndie W. O’Bryon, SIOR, a Senior Vice President in the NAI Daus office group attended the ULI Cleveland Event at the Metropolitan at The 9 in downtown Cleveland on Thursday, September 18th. The event featured speakers Fred Geis and Kevin Brokaw for a presentation of Geis Companies’ $250 million project at the former Ameritrust Tower on E 9th and Euclid. The project is located in the NineTwelve District and includes the repurposing of the long vacant Ameritrust office tower and surrounding buildings…

Congratulation to our Property Management Department and Ira Krumholz, CPM® and Jill Dzina, ARM ®, on their election to the IREM Northern Ohio Executive Board. Ira has been elected President Elect for 2015 and Jill Chairs the Education and Income/Expense Committees. The Institute of Real Estate Management (IREM) is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. www.irem.org  

Interest in property for investment has been growing by leaps and bounds. If you’re willing to take the risks associated with owning commercial property and want a higher yield than banks are offering, it might be time to become a landlord. “Today, people are looking for yield,” says Bob Brehmer, principal, NAI Daus. “They are getting point-nothing at the bank. “And when you balance your risk with reality by picking a team to help you, it’ll be a more successful…