As we continue to commemorate Women’s History Month, it is a fitting time to celebrate the remarkable contributions of the women of Pleasant Valley Corporation / NAI Pleasant Valley. Stacy Tramonte, President of Property Management and daughter of co-CEOs Barbara and Gino Faciana, exemplifies the boundless potential of women in business and leadership. Stacy’s professional journey began at Baldwin Wallace College, where she earned her Bachelor’s degree in Business Management with a minor in Human Resources. In 1996, she joined…

Joe Hauman Senior Associate One question I often get asked by prospects is, “What is considered industrial real estate?” Like many things in real estate, the true answer is that it depends. Here are five things I consider when determining whether a property falls within the industrial sector of commercial real estate: For the most part, even a novice can decipher a commercial building sector just by looking at the building. I only use these criteria in the event of…

Alec J. Pacella, CCIM I’ve always been a fan of listening to music and some of this is the result of a famous promotion in the 1970s through 1990s by a mail-order music distribution powerhouse known as the Columbia House Record Club. And who could forget their offer – becoming a new member would allow you to order 12 cassettes (or, depending on your vintage, albums, 8-tracks or CDs) of your choice for a mere penny. That’s right, just one…

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,…

October article in Properties Magazine by Alec Pacella, CCIM & special guest Joe Tramonte, President of Construction Division for Pleasant Valley Corp. Properties Magazine October Issue Article by Alec Pacella, CCIMNAI Pleasant Valley23204 Chagrin Blvd., Suite 250Cleveland, OH 44122

By Ira Krumholz President of NAI Daus Property Management ikrumholz@naidaus.com A few months ago, most property owners received a letter from their county auditor that revealed their new 2015 re-assessment. Every six years, the Ohio Revised Code requires each county to reappraise all of their respective taxing parcels. These reappraisals are updated every three years, a triennial update. In 2015, all of the parcels in Cuyahoga, Lake, Lorain and Portage counties were updated. Mistakes can sometimes happen, especially considering these…

There are many decisions that real estate investors have to make during the course of their ownership of an investment property. And one of the most challenging is the decision to upgrade the property with the goal of attracting a higher rent versus continuing as-is at the current rental rate. This month, we are going to discuss an effective way to compare these two scenarios by using a couple of familiar financial tools. You may recall that although IRR and NPV have different definitions, they can be considered…

Measuring time in the world of technology is a lot like measuring dog years – but with a good dose of Red Bull in the mix. New hardware has a shelf life of about a year, with software constantly scrambling to keep pace. This month, I am going to take a look at some of the latest apps that take advantage of this ever-changing technology. Many of these are directly related to the commercial real estate industry but I threw in some general apps as well. And don’t be…

CLEVELAND HEIGHTS, OHIO — NAI Daus has arranged the $1.3 million sale of a 50-unit apartment complex in Cleveland Heights. The apartment property is located at 2734 Noble Road. Boston, Mass.-based Noble Summit Apartment Properties LLC purchased the property. Alec Pacella of NAI Daus represented the seller, Noble Summit I&II LLC. – See more at: http://rebusinessonline.com/nai-daus-arranges-1-3m-sale-of-50-unit-apartment-complex-in-cleveland-heights-ohio/#sthash.KlGoIzh2.vV8O9fXI.dpuf