Experiential Retail’s Growth In Today’s Market
Locally based Paul Davidovac, an agent in capital markets at Commercial Brokers International, says that hands on experiences, and interactive communities are becoming more and more necessary for retail stores, malls, experiential complexes, and shopping regions to thrive in today’s market. According to Davidovac, e-Commerce companies have gained significant market share in today’s retail market place.
Experiential Retail’s Growth In Today’s Market
Locally based Paul Davidovac, an agent in capital markets at Commercial Brokers International, says that hands on experiences, and interactive communities are becoming more and more necessary for retail stores, malls, experiential complexes, and shopping regions to thrive in today’s market. According to Davidovac, e-Commerce companies have gained significant market share in today’s retail market place.
VIDEO: Is Your Equity Working for You or Are You Working for It?
This week, George Pino talks about a client that increased their return on equity by changing CRE investment strategy.
VIDEO: Is Your Equity Working for You or Are You Working for It?
This week, George Pino talks about a client that increased their return on equity by changing CRE investment strategy.
Is Your Equity Working for You or Are You Working for It?
When talking to clients many times they tell me that their investment is doing very well for them. However, they are basing this on what they paid for their property, not on the equity they have built up. For instance, a recent client purchased a 10 unit apartment building almost 30 years ago for $275,000. Their Net Operating Income (NOI) for this property was about $85,000 a year. This sounds like a good return, until you take into account that they have completely depreciated the building, and the investment is now worth close to $2,400,000. This equates to about a 3.0% return on their equity.
Is Your Equity Working for You or Are You Working for It?
When talking to clients many times they tell me that their investment is doing very well for them. However, they are basing this on what they paid for their property, not on the equity they have built up. For instance, a recent client purchased a 10 unit apartment building almost 30 years ago for $275,000. Their Net Operating Income (NOI) for this property was about $85,000 a year. This sounds like a good return, until you take into account that they have completely depreciated the building, and the investment is now worth close to $2,400,000. This equates to about a 3.0% return on their equity.
How to Get the Best Price for Your Commercial Property
Almost every week I speak to an owner of a CRE asset who tells me “I want to sell, but only at a great price,” or “I want to sell at the highest price possible,” or some other iteration of this. Of course, this really goes without saying as no one wants to leave money on the table. A good agent who is looking out for their fiduciary will of course try to get the best price, but should also advise the client as to the best course of action in marketing the property to get the best price.
How to Get the Best Price for Your Commercial Property
Almost every week I speak to an owner of a CRE asset who tells me “I want to sell, but only at a great price,” or “I want to sell at the highest price possible,” or some other iteration of this. Of course, this really goes without saying as no one wants to leave money on the table. A good agent who is looking out for their fiduciary will of course try to get the best price, but should also advise the client as to the best course of action in marketing the property to get the best price.
VIDEO: How Apartment Rents Can Affect Commercial Real Estate
George Pino, CEO of Commercial Brokers International, talks about how multifamily (workforce housing, low-income housing and the LA multifamily market in general) & rental rates can affect the entire commercial real estate industry.
VIDEO: How Apartment Rents Can Affect Commercial Real Estate
George Pino, CEO of Commercial Brokers International, talks about how multifamily (workforce housing, low-income housing and the LA multifamily market in general) & rental rates can affect the entire commercial real estate industry.