Datasets:

Jaison-George

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qa-pairs-dataset

like 0

Decline In Availability of US Industrial Space To Continue

/r/CommercialRealEstate/comments/14e0i2/decline_in_availability_of_us_industrial_space_to/

[{"id": "c7cgqbh", "text": "I have 320k of industrial space available in central PA for <$1.00 NNN. Anyone interested? 20-24' clear, rail served, 40% of the US population within 6 hours? Plug plug.", "replies": [{"id": "c7d1s6j", "text": "wow our warehouse rates are 5 times that in my market :D", "replies": [{"id": "c7d8i5y", "text": "i know. sadly in central PA the market is tough.\n\nthere are 1mil + joints sitting open at 2-4nnn. we are a little rural, like 30 miles to the 81/83/76/22 corridor, but still.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]

International food chains expanding into US

/r/CommercialRealEstate/comments/14gb6p/international_food_chains_expanding_into_us/

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Retail Spaces at Broadbent Company

Are you searching for Retail space, commercial real estate rentals or lease? Call 317-237-2900 or request a quote online to find out the great deals!

/r/CommercialRealEstate/comments/14fs82/retail_spaces_at_broadbent_company/

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Commercial rental properties - Greenwood, Indianapolis

Search for commercial rental properties near Greenwood, Indianapolis. Get details about property & site plan, etc. Call 317-237-2900 or request a quote now!

/r/CommercialRealEstate/comments/14fo53/commercial_rental_properties_greenwood/

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Pinpointing the right retail location

/r/CommercialRealEstate/comments/14m7ri/pinpointing_the_right_retail_location/

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How do you all find commercial properties for sale? Agent? Zillow/Trulia? LoopNet? Cityfeet? ??? [xpost from realestate, makes more sense here]

I'm interested in the best way to find commercial properties for sale. So far, I haven't found a real good way to browse commercial properties. Zillow/Trulia are difficult to single out commercial with, LoopNet makes you pay an outrageous fee, and Cityfeet just plain sucks to use. How do you guys find commercial properties for sale? I should also ask for on the flip side, how do you find commercial properties for lease?

/r/CommercialRealEstate/comments/14o4do/how_do_you_all_find_commercial_properties_for/

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Miami Beach Walgreens Fetches $1,300 Per SF

/r/CommercialRealEstate/comments/14o1vw/miami_beach_walgreens_fetches_1300_per_sf/

[{"id": "c7fdz75", "text": "That area gets A LOT of traffic though. Even at that price, they are very likely guaranteed profit!", "replies": [], "depth": 1}, {"id": "c7i6js3", "text": "I wonder what the rent is, and whether it is fee or only for the improvements. ", "replies": [{"id": "c7rbzvu", "text": "I cant find any info, but it sounds like this is the sale price", "replies": [], "depth": 2}], "depth": 1}]

CBRE Wheel Program - I need Info!

I am currently in the interview process for the wheel program at CBRE and I wanted to get some more information on it. Can anyone help me out? Is it a good program? Does it lead to good opportunities after or do you get lost in the company?

/r/CommercialRealEstate/comments/14pq5d/cbre_wheel_program_i_need_info/

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Find Exclusive Susquehanna County Real Estate not found on MLS listings

/r/CommercialRealEstate/comments/14wpr7/find_exclusive_susquehanna_county_real_estate_not/

[{"id": "c7h3z1f", "text": "Commercial and Investment property available in a Marcellus Shale hotbed. ", "replies": [], "depth": 1}, {"id": "c7h6fru", "text": "1. You shouldn't advertise like this. This is not what Reddit is for. Whatever idiot intern, or maybe yourself, who thought this is a good idea should immediately stop working in business.\n2. Your properties are pieces of shit/don't even pretend to have commercial viability. ", "replies": [], "depth": 1}]

Best way to create a property map?

I work for a small commercial real estate company, and was wondering what the best way would be to create an interactive map where you can click on properties and it displays information, maybe some pictures as well? I have tried using google earth, as well as ArcGIS but those programs don't seem to have the features I want, unless I just don't know how to activate them. Ideally, the map would have a url link which I can just share, and it would take the user to a site where you can either see a list of multiple properties on a side bar and the chance to click on the map to view more information. This definitely seems like something that other mapping applications have the capability to do, but I'm not sure what the best way to approach this would be.

/r/CommercialRealEstate/comments/14ycu9/best_way_to_create_a_property_map/

[{"id": "c7i15ef", "text": "I thought you could do this with google earth. Maybe it is a file (the files are very small), haven't used it in a while. I know you can share fly-overs etc, so I would be surprised if you can't share a labeled map.", "replies": [], "depth": 1}, {"id": "c7lv7hu", "text": "If I worked at one of the biggest Commercial firms in the country, I would perhaps use google earth for this task, as it works great in conjunction with batchgeo.com", "replies": [], "depth": 1}, {"id": "c7znaqq", "text": "Does your employer handle property management for the commercial real estate as well? If so, I would like to talk to you over Skype or something. I'm doing a research project on commercial property management, and I want to see if my team can help out companies like your employer. ", "replies": [], "depth": 1}, {"id": "c8ekfbx", "text": "[google spreadsheet mapper](http://www.google.com/earth/outreach/tutorials/spreadsheet3.html)\n\nI maintain my own database and make my own maps, but have used this a lot for making interactive maps for clients & my own personal use.\n", "replies": [], "depth": 1}, {"id": "c8hfkhn", "text": "I worked for a small land brokerage company over the summer. We used Microsoft Streets and Trips. It allows you to put pushpins on maps with notes and other files attached to the push pins. It might do even more, I didn't get a chance to experiment with it. We'd use it just for personal record of vacant developments, raw tracts, etc. in the area, and we also used it in meetings with clients (mostly res builders) to help show them where there were available properties in the area. ", "replies": [], "depth": 1}]

Office Vacancy Rates in Edmonton Still Falling

/r/CommercialRealEstate/comments/152onm/office_vacancy_rates_in_edmonton_still_falling/

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Best way to find commercial listings in Los Angeles, CA?

I currently utilize: * Loopnet * CARETS * Cityfeet * CRMLS What else am I missing out on? I know there's Co-Star/Showcase, but it seems extremely expensive to get access to that database.

/r/CommercialRealEstate/comments/1526op/best_way_to_find_commercial_listings_in_los/

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Los Angeles Specific: Needs & Haves

Need: * Hotel Property, up to 15M. No motels or any properties where you have to walk outside to access a room. * Shopping Center, net cap 7%+, up to 1.6M * Multi-fam zoned lots in San Gabriel Valley that could be developed Have: * Office Building, Class A-/B+, currently leased 65%, net cap 6%+, net cap 11%+ if leased to 100% at below average market sqft rate, 6-7M. * 14,000 sqft lot, zoned multifamily up to 10 units, extremely good area, 4 units currently generating 4% net cap, 1.5M

/r/CommercialRealEstate/comments/151nk7/los_angeles_specific_needs_haves/

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Strong Second Half Awaits Industrial Sector in SoCal

/r/CommercialRealEstate/comments/1544nj/strong_second_half_awaits_industrial_sector_in/

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Stages of the Commercial Printing Process | Know About Marketing

/r/CommercialRealEstate/comments/15ipa5/stages_of_the_commercial_printing_process_know/

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24 year old college graduate wanting to get into this field. I have a couple questions.

In my state, it's required that you have 54 hours of pre-licensing education before you can even take the exam. I looked up an institute (from my state government website) that offered the pre-licensing education for approximately $400 for 6 hours. I recently graduated college with an unrelated degree and I'm living on my own with my fiancee. I can't afford $3,800 bucks to get the pre-licensing education I need. What are the chances of finding a company that will hire me as a paid intern and pay for this education? Would this be extremely uncommon? Also, I have aspirations to become a CCIM later on down the road when I have a portfolio. I'm optimistic, ambitious and goal oriented but what steps do I need to take to lead me there? Thank you for any advice or suggestions you have for me. Starting out and being completely new to this is puzzling and intimidating but solid advice from professionals helps more than you know.

/r/CommercialRealEstate/comments/15njvz/24_year_old_college_graduate_wanting_to_get_into/

[{"id": "c7o6kff", "text": "Have you tried looking at any of the big commercial brokerage firms?\nM&M, CBRE, ARA, GVA KM...\n\nI don't know if they pay/contribute for your education though. It would most likely be up to the broker who's managing you (as an intern) and his generosity. If he likes you, he may pay for your education in return for x amt of years of commitment and part of your commissions, etc. Otherwise, from my experience, these brokerage companies are STINGY.", "replies": [{"id": "c7o9mvx", "text": "Agreed. But I'll suggest that when you approach the different firms, also contact brokers directly. Ask them if they'll take the time to meet with you to share their thoughts how you might find a path. I don't think you would have any problems getting brokers to share some of their experiences. In a sense, you can start networking right away.\n\nAs for money, income, costs to cover education - I have yet to hear of a company, broker or brokerage team that offered to pay the way for someone. Don't be surprised when you meet with the professionals if one of their first questions is about your personal resources. Basically, they're trying to find out if you have enough cash reserves to live income-free for 12 to 18 months - the time it probably will take between hitting the pavement to getting your first commission. \n\nI once heard the process of getting into CRE described as a large plane taking off. You'll need a long runway to launch, but once you're in the air, it gets easier.", "replies": [], "depth": 2}], "depth": 1}, {"id": "c7ss0wc", "text": "There was a posting along these lines not too long ago. From what I remember the OP did something like an IAMA. Goldman Sachs I think. From New York and now in Chicago. Bought a shopping mall from a doctor with a Kmart anchor store.\n\nDon't remember much more than that. This was maybe 3 months ago? I tried searching but so far no luck. ", "replies": [], "depth": 1}, {"id": "c820nmi", "text": "Can you do home-study pre-licensing in your state? I did all of mine this way and the entire course cost me $700(for 75 hours of home study, 15 hours in-class, 90 total). After I finished this course, I was able to take the state exam and get my license.\n\n", "replies": [], "depth": 1}, {"id": "c85vif4", "text": "90 hours required in my state, $1100 total with exam Fee. Are you sure it's so expensive? Are you looking at real estate salesperson?", "replies": [], "depth": 1}]

College Undergraduate CRE- Capital Markets Interview Advice Requested

Hi Reddit, Long time lurker, first time poster. That being said, let us get into it, shall we? Today, I was lucky enough to get an email regarding a telephone interview for a summer internship with Jones Lang LaSalle's Capital Market Group, specifically their Special Asset Services Team. This will be my first interview with a CRE firm and am very interested in the opportunity. I don't know many people in the industry, so I thought, why not come to the infinitely helpful subreddit for Commercial Real Estate. If anyone has advice for me about the interview process, how I should prepare, or anything to help make me as competitive as possible, it would be greatly appreciated! Thanks, Reddit. Cheers

/r/CommercialRealEstate/comments/15qu7a/college_undergraduate_cre_capital_markets/

[{"id": "c7p4dle", "text": "I work for a specialized group at Marcus and Millichap as an analyst so I do get some exposure to the brokerage agents.\n\nDo you know what kind work you'll be doing at JLL? From my experience, brokers have always been the go-getters and negotiators. You need to be able to sell your product to someone, or, be able to convince someone why they should sell their property. It's a \"dance\" you'll have to learn and different brokers have different approaches. There are type A douche bags who work best with douche bag clients Type B quiet brokers who work better with similar clients. I would say, focus on communication, motivation/drive to learn, and be passionate about the job. Having experience or knowledge about real estate will give you an edge. Show that you have a hunger to learn.\n", "replies": [{"id": "c7perme", "text": "Here is a quote from the job listing, \"The SAS team provides debt disposition advisory services to commercial and investment banks, debt funds, private equity groups and other financial institutions.\" I will be helping prepare pitches/presentations, conducting research regarding an asset's market position, analyzing real estate trends, etc. \n\nI feel as though I can convey those points you noted. I would have to say I am more of a \"type B\" person, but still consider myself a go-getter. Hopefully, I have a decent shot at the position. Thanks for the advice!", "replies": [{"id": "c7q2j1k", "text": "Sounds like a market research analyst kind of position. If you do get the job, be sure to always ask if there's anything that needs to be done. It's the best way to experience different aspect of the company/industry. ", "replies": [], "depth": 3}, {"id": "c7sx9xy", "text": "I am an Asset Manager at one of the largest special servicers in the country. It sounds like you'll be doing a lot of NPV analysis. Know key terms such as discount rate, IRR, cap rate, NPV, and debt yield. Be familiar with your basic Excel functions - lookups, pivot tables, data validation, conditional formating, etc. If you don't have Argus experience, download a student version and play with the templates. Know the difference between lease types: Net, Gross, Modified Gross (+ a few others). ", "replies": [], "depth": 3}], "depth": 2}, {"id": "c8fdzw7", "text": "any idea how much cold-calling or rejection brokers have to deal with compared to other sales jobs?\n\nI've got an interview for a broker program coming up.", "replies": [{"id": "c8fj5kn", "text": "really depends on how many leads they give you to start with. the company i work for (im an analyst there, not a broker), they usually have you sell properties that are currently listed already. i can say that for sure, local brokerage companies are you going to be harder to break the chain of seniority in terms of who you can talk to and who you can't. most of our buyers are institutional buyers so they usually out-bid everyone else. ", "replies": [{"id": "c8fj7wx", "text": "I'm trying to figure out what I should know prior to the interview to ask about and what to consider before accepting an offer if it comes.\n\nI like talking with people, I really like speaking infront of groups, but I've done cold calls before and I don't have that kind of personality. I could present solutions to a problem to a board, I could give a tour of a building and talk about possibilities, but I don't think I could do the 9 no's for 1 yes cold call business again.", "replies": [{"id": "c8fjbh7", "text": "well, everybody's gotta start somewhere! would you mind if i asked which company?", "replies": [{"id": "c8fjdo5", "text": "I've got interviews with a few companies, some in analyst spots others as a broker.\n\nIt's not that I feel that I'm above doing cold calls, it's just not something I want to do. Much like someone knows they may not like public speaking, or doing math, or writing. It's best that they don't find a profession that relies on them doing that thing that they don't like.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "c8fjjga", "text": "what kind of compensation do entry level analysts make?", "replies": [{"id": "c8fl6e8", "text": "definitely not enough", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "c8fdyxl", "text": "there should be a pinned or some link in the sidebar for this kind of things.\n\nI just got a call to come in for an interview for a commercial broker internship program.\n\nI came here to ask for advice on questions.", "replies": [], "depth": 1}]

Top CRE News for Chicago in 2012 - CoStar Group

/r/CommercialRealEstate/comments/15upz0/top_cre_news_for_chicago_in_2012_costar_group/

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Commercial Real Estate Web Sites Increase in Popularity - NYTimes.com

/r/CommercialRealEstate/comments/15sur1/commercial_real_estate_web_sites_increase_in/

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Why can't I get my break in to this community?

I am an architect and contractor and I have about 14 years experience as such. I graduated college with my Bachelor of Architecture with a minor in Real Estate Investing. I have worked in the arch/const. industry since graduating in 2006 but I want to get into commercial real estate and development. I am getting my real estate sales associate license (in Florida) by the end of this month figuring that will help. I have applied to many jobs and I haven't received any call backs. I'm getting discouraged. Any help is appreciated!

/r/CommercialRealEstate/comments/15ylui/why_cant_i_get_my_break_in_to_this_community/

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Capital One Set to Open New Office Space in Chicago’s Loop

/r/CommercialRealEstate/comments/15xhmm/capital_one_set_to_open_new_office_space_in/

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Most Active Commercial Real Estate Buyers

/r/CommercialRealEstate/comments/16ksmr/most_active_commercial_real_estate_buyers/

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need help with commercial property I took recently over

In my family we have a bar that we have been renting out to an individual. In the contract they signed it stated that they are responsible for making any repairs necessary to the maintenance of the building. Their lease has expired and there are some parts of the building that is in need of repair. What course of action do I take? Also since their lease has expired do I own all the equipment inside the building or do they have the right to remove the items they purchased

/r/CommercialRealEstate/comments/16j5xj/need_help_with_commercial_property_i_took/

[{"id": "c7withb", "text": "To your first question, review the lease. Often there will be a clause saying that if the lease expires without further paperwork the default will be a month to month continuation. If there is nothing in the lease regarding your situation you should take legal advice. How did your family let the tenant stay in place without a lease anyhow?\n\nTo your second question, attached equipment inside a commercial property is known as \"trade fittings\". Generally speaking trade fittings are considered part of the real property and therefore belong to the landlord when the lease expires. Again check your lease, if it is still in effect. If the lease says nothing then you can usually assume that anything physically attached to the building (like an exhaust fan) is yours, while anything unattached (like a knife set) is the former tenant's. \n", "replies": [{"id": "c7wj34k", "text": "appreciate the reply, the lease did expire and the tenant were on month to month for a while. I'm not quite sure the reasoning as to why they were allowed to stay without a lease. My mom takes care of it but recently she has passed the responsibility to me since she is away from the country. Currently I am just trying to get everything straighten out and get as much info as possible before talking to a lawyer. \n\nI understand your explanation about \"trade fittings\" but how about TV's, pool tables, ATM machines and poker machines. But thank you for your quick reply ", "replies": [{"id": "c7wj9fg", "text": "Sorry, brain fart. I should have said \"trade fixtures\", not fittings. \n\nI am not a lawyer but the items you have listed are probably not permanently attached to the building. Therefore they are most likely the personal property (\"chattels\") of the tenant. \n\nFrom a legal perspective you would need a careful review of the lease. From a pragmatic perspective your best bet might be to get the tenant to sign a fresh lease addressing the continued occupancy, the ownership of various items and anything else that is unclear. That way you can resolve all issues with everyone's agreement. ", "replies": [], "depth": 3}, {"id": "c7woqnp", "text": "The ATM and gaming machines most likely are not owned by him, but he could have been allowing the vending co. to place them in the bar for a %. ", "replies": [{"id": "c7wpxp8", "text": "Yeah, im guessing if it is still there, he doesnt own it.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "c8mz78h", "text": "In my state trade fixtures remain the tenants property unless abandoned.", "replies": [], "depth": 2}], "depth": 1}, {"id": "c7wrjor", "text": "Assuming the tenant is current and pays on time, why not renew them? ", "replies": [], "depth": 1}]

Berkshire’s Berkadia Buys Hendricks & Partners

/r/CommercialRealEstate/comments/16pbqz/berkshires_berkadia_buys_hendricks_partners/

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CRE Pricing Strengthens As Buyers Expand Targets To Include Smaller Properties, More Markets - CoStar Group

/r/CommercialRealEstate/comments/16s3fh/cre_pricing_strengthens_as_buyers_expand_targets/

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Kraft sells headquarters to free up cash - chicagotribune.com

/r/CommercialRealEstate/comments/16w2e4/kraft_sells_headquarters_to_free_up_cash/

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2013 Forecast for Office and Multifamily

/r/CommercialRealEstate/comments/16v5ek/2013_forecast_for_office_and_multifamily/

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Tax Rate Increases; Deferral Strategies - Commentary Article - GlobeSt.com

/r/CommercialRealEstate/comments/174rdh/tax_rate_increases_deferral_strategies_commentary/

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How to get rid of a property

Perhaps you can help me with your collective knowledge. We are in possession of a ~5 acre property that is zoned RTD, Residential Townhouse District. It's intended use is as a common area to be owned by the HOA. The build was never completed and the HOA is defunct. The city does not want to re-zone and does not want to take the property. Charities do not want it and we cant give it to an individual. Any ideas on how we can get this off the books? Thank you in advance for any advice.

/r/CommercialRealEstate/comments/177x59/how_to_get_rid_of_a_property/

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How would you value contiguous vacant mixed use properties? [xpost /realestate]

/r/CommercialRealEstate/comments/179wjq/how_would_you_value_contiguous_vacant_mixed_use/

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Retail Roundup for 2013

/r/CommercialRealEstate/comments/179f2p/retail_roundup_for_2013/

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What REITs are Buying in 2013

/r/CommercialRealEstate/comments/17ge5j/what_reits_are_buying_in_2013/

[{"id": "c85ut8b", "text": "more yield seeking ", "replies": [], "depth": 1}]

How would you value contiguous vacant mixed use properties? [xpost r/realestate]

/r/CommercialRealEstate/comments/17fgtg/how_would_you_value_contiguous_vacant_mixed_use/

[{"id": "c8546ah", "text": "I have just taken a crack at this in your posting on /r/RealEstate. I'm surprised none of the professional appraisers there have answered yet.", "replies": [], "depth": 1}]

Signed the contract but not settled yet, Can i take down the forsale sign with the sold sticker on it yet?

If you're located in the Sydney, Australia area can you refer a good commercial real estate agent? Were can i get more information on managing it myself?

/r/CommercialRealEstate/comments/17jpr5/signed_the_contract_but_not_settled_yet_can_i/

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Meeting the Multifamily Demand

/r/CommercialRealEstate/comments/17pc6y/meeting_the_multifamily_demand/

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Tenant Rep Office Brokers: How do you prospect?

I am a young tenant rep downtown office broker in a major US market. I am obviously all over the cold calling game and have gotten into some twitter prospecting, but haven't really gotten in a good grove. Any advice on how to track down leads other than reading the news and traditional cold calling methods? I feel like the cold call is a dying art that is not as effective with the new workforce. All the dinosaurs still cling to it, but it is damn hard to get in touch with decision makers these days. Need to think outside the box.

/r/CommercialRealEstate/comments/17vj36/tenant_rep_office_brokers_how_do_you_prospect/

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Negotiation options and how they work

Suppose there is a property that a company wants to acquire. The negotiation options that I'm aware of are *outright sale (downpayment, annual payment, or combination) *shares in the company, i.e. partnership *lease *some combination of the above What I'm looking for are specific examples of deals made between seller and buyer ,e.g. $X downpayment + $Y in shares. You obviously don't need to give specific amounts, just how deals were configured and how beneficial they were to the buyer v. seller. Also, how do you decide what amounts to negotiate besides looking at historical rates? Is it really just a guess as to how valuable the property is to either party? I am not sure what terminology to use to describe the questions above, so I was not able to find similar postings. If the title does not describe my question well, please explain why not, as the proper terminology/jargon will help me locate further resources.

/r/CommercialRealEstate/comments/17vcih/negotiation_options_and_how_they_work/

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Valuation Spreadsheets . . . care to share yours, fellow CREdditors?

This would seem like a tool that someone has already made available . . . but I haven't found it. Not online and not on Google Drive tempaltes. Without access to Argus, the closest I've found is someone giving away a spreadsheet full of macros. :-\ Fellow CREdditors, would you share the spreadsheet(s) that you use to value commercial real estate?

/r/CommercialRealEstate/comments/17uo7n/valuation_spreadsheets_care_to_share_yours_fellow/

[{"id": "c893ah0", "text": "You don't necessarily need a spreadsheet to value a piece of commercial property. What income do you expect (less vacancy), and how credit worthy are the potential tenants?", "replies": [{"id": "c893s7u", "text": "Thank you for responding, but all of the samples I see include many other factors and metrics: finance costs, initial improvements, vacancy, \ntaxes, utilities, maintenance, management, insurance, and then Cap rate, DCR, Payback Period, Break-Even Ratio, etc.\n\nWhether these are necessary or not, do you have a spreadsheet to model [how you would value a vacant mixed use row house](http://www.reddit.com/r/RealEstate/comments/1780a4/how_would_you_value_contiguous_vacant_mixed_use/)?", "replies": [], "depth": 2}], "depth": 1}, {"id": "c898jjs", "text": "You definitely need a spreadsheet, especially for retail investments and strip centers. With changes in price per sq. ft., rental rates, in the years 5-10, in order to understand cash on cash returns, equity, and vacancy rates, less management and expenses you need some complex spreadsheets or argus software to input. I have my assistant put these together using a combination of excel and argus. ", "replies": [{"id": "c89fqnh", "text": "Care to share a sample spreadsheet? :-D\n\npretty please", "replies": [], "depth": 2}], "depth": 1}, {"id": "c8senkg", "text": "I think you are going to have to build one up. Some of us have access to discounted cash flow spreadsheets, but I am pretty sure that unless you own the firm giving it away would not be kosher.\n\nTo create a simple one you want to account for all of the factors that will impact your cash flow during the holding period. Off the top of my head: vacancy, ongoing expenses, inflation rate, miscellaneous expenses in the future {new roof in 6 years or new paint job in 2 years}, debt service.\n\nThen you have to account for the sale amount at the end of the holding period. The easiest way would be to assume a sales cap rate and apply it to the NOI of that period. Do not forget that it will cost you some money to sell the property in the form of broker fees.\n\nIf you followed the steps, you got the future cash flows so the last step is to come up with an appropriate discount rate and take those cash flows to the present.\n\nYou can use the spreadsheet in the link below as a base to build yours. It is a debt service coverage spreadsheet, but it has a lot of the stuff that you are going to need to build the DCF one.\n\nhttp://www.loanuniverse.com/sensitivity.php\n", "replies": [], "depth": 1}, {"id": "c9ov91k", "text": "Cash flow based valuation is important, but you need to realize its just that... Cash flows. Take each tenants expected cash flow and take out any expenses you need to and cap it out.", "replies": [{"id": "c9ov9e3", "text": "Then take out capital requirements and leasing costs both rolling and new.", "replies": [], "depth": 2}], "depth": 1}]

Healthcare Real Estate Buys in 2013

/r/CommercialRealEstate/comments/17xr7d/healthcare_real_estate_buys_in_2013/

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I'm currently sixteen and I want to get into the real estate business when I graduate high-school. Any tips to prepare me?

/r/CommercialRealEstate/comments/17yz03/im_currently_sixteen_and_i_want_to_get_into_the/

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Texas Economics

/r/CommercialRealEstate/comments/182is5/texas_economics/

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Rising Demand Propels Warehouse Market to Strong 2012 Finish

/r/CommercialRealEstate/comments/182d4o/rising_demand_propels_warehouse_market_to_strong/

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Need advise on commercial investment property.

Hi All, I need advise regarding a commercial property (land only no buildings yet) about 20000SF. Price is good and location is very good (right next to a major Freeway). However the land is next to a bayou (water channel) and is in a flood zone. I'm planning to rent the land to any business willing to pay rent. It would be perfect for any fast food chain, tire shop or mechanical shop. Would the flooding zone scare away future tenants ? Would this be deal braker for any of the big fast food chains? Does anybody know the policy regarding land rentals of the big chains ? Thanks

/r/CommercialRealEstate/comments/18cllk/need_advise_on_commercial_investment_property/

[{"id": "c8dlz56", "text": "This could be a big issue. I can't speak about the policy of big chain stores, but if the land is in a 100 year floodplain, it can be more expensive or impossible to get insurance. Lenders may require special additional insurance before financing the property. Another potential issue is if the land does not hook up to city water / sewer, will the land support a well and/or perc test for draining of wastewater? All questions I would ask if considering this property.", "replies": [], "depth": 1}, {"id": "c8dqqem", "text": "Price is good for a reason. Do your due dililgence and check insurance rates. Higher expenses = lower property list prices.", "replies": [], "depth": 1}, {"id": "c8dtg68", "text": "You are not going to get any fast food chains on a lot that is only 20,000sf. A Waffle House needs at least 3/4 an acre, and all the majors need 1+ac.", "replies": [], "depth": 1}, {"id": "c8dupcc", "text": "You should take a look at other businesses operating in the area and the local population. Institutional fast food users will look at the population demographics, but the most important consideration for YOU is going to be the cost of insurance since it sounds like it will be a large cost and factor heavily into your net operating income. The NOI is the magic number for you as an investor.", "replies": [], "depth": 1}, {"id": "c8dv4jr", "text": "We have the same issue here in my town. A 330k sqft industrial building that is in the flood plain. (Even w/ an elevation certificate that the BUILDING is out of the flood plain, and only the land is in the water area).\n\n\nSome companies I've had look @ it won't even touch it due to the flood. Some CAN'T - (government type stuff), and I'm glad I don't own it (but getting close to a deal on it!)", "replies": [], "depth": 1}, {"id": "c8e10zg", "text": "Thanks for the replies. \n\nHere is my plan:\n\n1. Get insurance quote for the land with an 4000SF building on it ( I guess a mechanical shop). Currently, there is no building and due to paying cash for the land I don't need insurance till improvements are done to the land.\n\n2. Check if we can tie to the city sewer and water supply. I guess this will not be a problem there are businesses on two sides (Motel and auto parts store). \n\n3. I look on google maps and there are a lot of businesses with buildings in the flood zone so it must not be a huge deal. However, need to crunch all the number and make sure it is a good deal. \n\nThanks again ", "replies": [], "depth": 1}, {"id": "c8mc4gd", "text": "Are you trying to do build to suit? Or are you just going to sit on this until you get an offer?", "replies": [], "depth": 1}]

DRW Trading takes on $210M construction loan to build new Loews Hotel in Chicago

/r/CommercialRealEstate/comments/18evks/drw_trading_takes_on_210m_construction_loan_to/

[{"id": "c8e5xum", "text": "Any thoughts on why a prop trader is going into real estate development?", "replies": [], "depth": 1}, {"id": "c8fo8r4", "text": "Apparently the president/owner of DRW has a hobby of RE investing. He has a pretty significant portfolio and has been killing it at the CBOT. But to get into his mind as to why he would get into this would be a tough. ", "replies": [], "depth": 1}]

Senior Housing Outlook

/r/CommercialRealEstate/comments/18lesr/senior_housing_outlook/

[{"id": "cb0a8nf", "text": "Thanks for the read. \n\nDoes anyone know what zoning Senior Housing Properties are classified as?", "replies": [], "depth": 1}]

Broad Group | Thirty-story building built in 15 days | KurzweilAI

/r/CommercialRealEstate/comments/18t4jf/broad_group_thirtystory_building_built_in_15_days/

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Commercial Real Estate Internship Sanity Check

I was offered an unpaid internship by a local commercial real estate firm. Are most commercial real estate internships unpaid? This firm has done about $25mil/yr in sales, I assumed they'd have enough money to pay an intern. The opportunities I've applied to at some banks and consulting companies have all been paid spots. The other thing is that the company retains only 14% of their interns for jobs, and the full time staff is 100% commission-based. Is that pretty normal for the industry? The way it was explained to me is that I'd get a chance to do the research, walkthroughs, valuations and watch the pitches and the possibly get offered a spot to come on and get my lisc with the firm. First year associates should expect 40-50k and reach 100k by 2nd or 3rd year. Just looking to sanity check the stuff I was told in the interview.

/r/CommercialRealEstate/comments/18vpu9/commercial_real_estate_internship_sanity_check/

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The Biggest Driver for Senior Housing Demand

/r/CommercialRealEstate/comments/18ypi8/the_biggest_driver_for_senior_housing_demand/

[{"id": "c9kes6d", "text": "It'd be wise to be bullish on senior housing", "replies": [], "depth": 1}]

Real Estate Investing Made Easy

/r/CommercialRealEstate/comments/197the/real_estate_investing_made_easy/

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The Monetary Value of Green Office Assets

/r/CommercialRealEstate/comments/1970xb/the_monetary_value_of_green_office_assets/

[{"id": "c8mc1wc", "text": "I disagree, real estate is real estate. If the numbers jive the deals get done. More feel good BS than anything IMO.", "replies": [], "depth": 1}]

Are Distressed Assets Still Available?

/r/CommercialRealEstate/comments/19cobf/are_distressed_assets_still_available/

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Minneapolis - Saint Paul Office Marketbeat

Minneapolis realized 118,000 SF positive direct absorption Q4 2012 Saint Paul however is badly lagging seeing only 700 SF, with thousands more in jeopardy.. Flight to Class A continues in MSP

/r/CommercialRealEstate/comments/19atbh/minneapolis_saint_paul_office_marketbeat/

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Top National Multifamily Markets

/r/CommercialRealEstate/comments/19n5ii/top_national_multifamily_markets/

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Who Are the Largest Development Firms in the Country?

/r/CommercialRealEstate/comments/19uox3/who_are_the_largest_development_firms_in_the/

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Tenant Improvements: A Practical Guide for Estimating Project Cost

Thought this was a good article on TI and wanted to share with the group. [Tenant Improvements](http://www.hughesmarino.com/resources/tenant-improvements-a-practical-guide-for-estimating-project-cost/)

/r/CommercialRealEstate/comments/19xwm6/tenant_improvements_a_practical_guide_for/

[{"id": "c8viob6", "text": "The contact for this company is located in San Diego. Are these in San Diego prices? I was looking at converting a factory into office space, with no structural modifications. I was budgeting 35-40/sq ft, is this realistic for the midwest?", "replies": [{"id": "c8vtmjn", "text": "Seems high but depends on the condition of the industrial space. $35-$40 over a vbox is what it takes to build out medical space. That's just what I hear. I do retail. ", "replies": [], "depth": 2}], "depth": 1}]

Strong Development Activity in Student Housing

/r/CommercialRealEstate/comments/1a33ry/strong_development_activity_in_student_housing/

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What Real Estate Organizations are the most worthwhile?

With all the annual dues, continuing education requirements and time commitments, there are more organizations out there than the average real estate professional has time for. What are your favorites? Why do you like them? Which have you found to be a waste of time and money? Some of the groups out there: Urban Land Institute (ULI), Real Estate Investment Association (REIA), U.S. Green Building Council (USGBC), International Council of Shopping Centers (ICSA), Building Owners and Managers Association International (BOMA International) and dozens more...

/r/CommercialRealEstate/comments/1a5mai/what_real_estate_organizations_are_the_most/

[{"id": "c8ukgld", "text": "ICSC if not for the database alone. Events are great too (just walked in the door from one). ", "replies": [], "depth": 1}, {"id": "c8umhgz", "text": "CCIM, AIRE (in Illinois), SIOR. CCIM is great for the education, not great in my opinion for the network. SIOR, I've had mixed reviews. In my area, AIRE has been the best RE Organization for Industrial that I have found.", "replies": [], "depth": 1}, {"id": "c8uoao3", "text": "If you're looking to network, find out what organizations your clients (or target clients) are in, and then go join those and go to their conferences. ", "replies": [], "depth": 1}, {"id": "c8uv5q9", "text": "Not sure if every city has one, but in Central Texas, the Real Estate Council of Austin is one of the largest local organizations for CRE professionals, including brokers (leasing, debt, equity and capital markets), investors, attorneys, property managers, lenders, real estate investment groups, developers, etc.", "replies": [], "depth": 1}, {"id": "c8uw37z", "text": "From NYC:\n\nULI is great. ICSC is good too. If I had to pick one, I'd pick ULI\n\nAlso there is: CMAA. ", "replies": [], "depth": 1}, {"id": "c926gni", "text": "I found that good real estate organizations tended to be stronger in different areas. When I was living on the east coast in Connecticut groups in New York such as ICSC were active and engaging (about 2yrs ago). It is by definition a retail group so if that is not what your interested in your efforts may be utilized in other groups. When living in San Francisco most recently I found that the ULI was a great resource. That being said maybe 45 minutes south down the peninsula and NAIOP would be a better organization if you are in the south bay. Again this is an product specific group. \n\nFor whatever its worth I have found the ULI to be the most valuable, but it is also in San Francisco where I have spent the most time. ", "replies": [], "depth": 1}, {"id": "c9372nc", "text": "ULI is very hit and miss depending on your area. In Minnesota it has a young people focus which offers great networking but I think education it falls behind. ", "replies": [], "depth": 1}, {"id": "c940eey", "text": "ULI Young Leaders is my favorite at this time. Annual membership fees are $250 (half of the regular ULI membership) and the only requirement is that you are under 35 years of age.\n\nHowever, it depends what you are interested in learning about/who you are trying to network with. ", "replies": [], "depth": 1}]

2012 Year-end CRE review by REIS senior economist Dr Victor Calanago

/r/CommercialRealEstate/comments/1a8icn/2012_yearend_cre_review_by_reis_senior_economist/

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ReisReports,com: NEW online CRE data tool for appraisers, brokers, lenders, developers, investors

/r/CommercialRealEstate/comments/1a8a13/reisreportscom_new_online_cre_data_tool_for/

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For data & chart junkies: Capital Markets Q4 (jobs up, rentals up, apartment prices up, time to party?)

/r/CommercialRealEstate/comments/1abd6i/for_data_chart_junkies_capital_markets_q4_jobs_up/

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Spotlight on Affordable Senior Housing

/r/CommercialRealEstate/comments/1abn8m/spotlight_on_affordable_senior_housing/

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Looking for a warehouse to let in manchester

/r/CommercialRealEstate/comments/1aiodq/looking_for_a_warehouse_to_let_in_manchester/

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Any recommendations on classes, certificate programs, books, online courses etc... to improve underwriting and analysis skills

I am transitioning to work on my own as a multifamily broker. I use to work in a large team that had several analysts that would do this part of the business. I am looking for a class or program that can quickly improve my skills and help me learn more in depth analysis such as IRR.

/r/CommercialRealEstate/comments/1am9yj/any_recommendations_on_classes_certificate/

[{"id": "c8yr85p", "text": "My broker did CCIM and is constantly bragging about it. It seems kind of intense (I've leafed through the curriculum) and I'm sure it's expensive and time consuming but there's TONS of stuff that has to do with investment and analysis especially.", "replies": [{"id": "c8yt8c7", "text": "I agree, CCIM courses are worth the money.", "replies": [{"id": "c8yts1w", "text": "I have a friend who is an MAI appraiser he also recommended the CCIM program. His other recommendations were ULI Real Estate School and some certificate programs at local Universities Extension programs.", "replies": [], "depth": 3}], "depth": 2}, {"id": "c8z8uhm", "text": "this is great, but CCIM does require that you have worked on a minimum number/amount of deals. you may want to look into it further to see if you qualify.", "replies": [], "depth": 2}], "depth": 1}, {"id": "c9nicpj", "text": "I'm a 28 year old commercial real estate broker. I've been asking people this question since I started the business at the age of 19. I have heard that CCIM classes are very useful and teach you most of what you need to know. If you want to go above and beyond that, then purchase Commercial Real Estate and Analysis by David Geltner. It is The Holy Bible IMO. It comes along with a CD that provides financial models and answers to problem sets in the book. I have a PDF copy if you want to go through it, just send me a message.\n\nHope this helps and good luck ", "replies": [{"id": "cb1ed48", "text": "how do you make per year on average? if you have 9 yrs experience i assume you make over 100k per yr?", "replies": [{"id": "cb1o4mz", "text": "It all depends on how hard and smart you work. It also depends on the state of the market (nationally and locally) and how you can work around it. I can tell you that in my first year (2004) I made well over 6 figures, the same with the following year. In 2006 shit hit the fan in Las Vegas and no one was doing anything, except defaulting on all the bad loans they got. I was lucky enough to have a very knowledgeable Money & Banking professor who taught me a lot. I researched what deals people were over-leveraged on and made a database. I then linked all the loans to the banks they originated from and waited for them to fail. Once the FDIC took over those deals, my investors and I picked them up at 80-90% of their sales price during the boom. \n\nI've learned that brokering deals just to make a commission will make you a slave and you will have to whore yourself to make money. If you decide to get in this business I believe everyone's ultimate goal should be to become an investor. ", "replies": [{"id": "cb5i3ah", "text": "thanks for the info. I get what your saying, you really want to be part of these deals to make the real money. Do the brokers who make 1+ million are just major whores, what are there secret? What do you think of real estate careers. I'm looking at MS real estate degrees but I'm unsure salaried positions are very lucrative. do you have any insight into any of that?", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]

Homebuilder Confidence Down Two Points

/r/CommercialRealEstate/comments/1alzjm/homebuilder_confidence_down_two_points/

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Who’s Selling Retail Assets? (And Who’s Buying?)

/r/CommercialRealEstate/comments/1alfy5/whos_selling_retail_assets_and_whos_buying/

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Assistant Property Manager

I just received the position of assistant property manager. The position came so quickly that I'm not quite sure what it all entails and I start in a week. Could anyone shed some light on a general overview of a position like this?

/r/CommercialRealEstate/comments/1alb7x/assistant_property_manager/

[{"id": "c8ygai4", "text": "The position can very greatly depending on the type of company you work for. Is it an Apartment Complex, REIT, Retail Company, Shopping mall, or private landlord/developer?", "replies": [{"id": "c8ygdan", "text": "Oh, I do apologize. It is a commercial real estate developer's office.", "replies": [{"id": "c8ygsnf", "text": "I would assume that this is for existing land owned by the developer. Some things I would assume you should know how to do:\n1) seek bids for work to be performed - this can include plumbing repairs to lawn care\n2) File and retrieve documents such as leases, CAM reports\n3) Understand what CAM is, what a CAM report looks like.\n4) Review leases to determine if a tenant has certain rights\n5) Review letters sent from the government regarding Right of Way, potential annexation, or changes to zoning and determine how it affects the property.\n6) Take phone calls from tenants regarding issues with the property. Review lease to see who's responsibility is the problem and find solutions to fixing problem.", "replies": [{"id": "c8yoj97", "text": "By CAM are you referring to common area maintenance? Or is this an acronym for something else/", "replies": [{"id": "c8yqy89", "text": "You got it.", "replies": [{"id": "c90hfsz", "text": "yellowfin35 do you have any recommendations for any CAM software?", "replies": [{"id": "c9118ti", "text": "We have not used anything in our office but excel and quicbooks.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "c92ozog", "text": "I've seen the role of property manager have a high turnover rate. It can be a difficult job. Staying very organized, accomplishing tasks in the order of importance, and following up to make sure things get done properly seem to be the key to the job. Good luck!", "replies": [], "depth": 2}], "depth": 1}]

Why a Pre-Closing May Be Your Best Bet

/r/CommercialRealEstate/comments/1aqxco/why_a_preclosing_may_be_your_best_bet/

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Industrial Sector Highlights, Buyers, and Sellers

/r/CommercialRealEstate/comments/1aqg8v/industrial_sector_highlights_buyers_and_sellers/

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The Business Store Where Business Buyers and Sellers Meet

/r/CommercialRealEstate/comments/1atfqb/the_business_store_where_business_buyers_and/

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ULI 2013: Emerging Trends in Real Estate®

/r/CommercialRealEstate/comments/1aziqi/uli_2013_emerging_trends_in_real_estate/

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Website is launched!!!

Come check out our new website at www.theBusinessStore.net

/r/CommercialRealEstate/comments/1az2c8/website_is_launched/

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New news

We are getting visitors from all over the world!!! Come visit at http://www.theBusinessStore.net

/r/CommercialRealEstate/comments/1b2d1p/new_news/

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Need some help from anyone in the Apartment development industry

I was asked to review a development proforma for a planned 102 unit apartment complex in Florida. I have been able to get most information from just googling (sales cap rates, vacancy in the area) and working with the local municipalities (impact fees per key) but there are some things I honestly don't know. Any help would be greatly appreciated! 1. Operating expenses as a % of Gross income? 2. Anticipated income from the leasing of garages (not included with apartment)? 3. Any guesses on payroll & Benefits for a 102 unit complex? The developer has $100k in there plus 4% of Gross Revenues but this seems low? 5. Insurance per key (florida, non costal, non flood-zone. Thanks everyone!

/r/CommercialRealEstate/comments/1b1chc/need_some_help_from_anyone_in_the_apartment/

[{"id": "c92ookr", "text": "1. My rule is a minimum 38% to 42% of gross income for standard multifamily property quality, however it can increase significantly if the quality is higher.\n\n2. What I generally do in these situations is develop a list of comparable properties in the area. I then call each property, posing as a prospective tenant and ask about rents and amenities offered at the properties. Through that conversation you should be able to get the extra fee per month for parking. Also, if this development is in a major city there are probably many apartment finder companies that can help you with your research. Just call saying that you are moving to the city and are looking at potential places.\n\n3. For a 102 unit complex, $100K seems appropriate. The \"4% of Gross Revenues,\" which I assume is the management fee seems appropriate as well.\n\n4. This is one that I don't have a ton of experience on, because our company has an on-staff insurance consultant. I think you can call an insurance company and get a soft quote from them, by giving them details on the property, but don't hold me to that. \n\n\nThis is the best I can do with the details you have provided. If you need more help, but don't want to share certain details of the project to all of the internet, PM me an I am more than willing to help!\n\nEDIT: For number one, I was mistaken in saying it can increase significantly. I should have said it can vary significantly.", "replies": [{"id": "c92puf3", "text": "I appreciate your help Kazmaniandevil!\n\nEdit: I also found out that we got a full market analysis from the bank when they gave us our lending terms sheet, I was not provided with this when first asked to review. That solves #1!", "replies": [], "depth": 2}, {"id": "cbn3cme", "text": "When you say your company has an on-staff insurance consultant, do you mean he or she is your own in-house insurance broker? How much of a savings do you achieve in the way of insurance premiums by using someone working for your company as opposed to an independent broker?", "replies": [], "depth": 2}], "depth": 1}]

Morley Commercial - Richmond

/r/CommercialRealEstate/comments/1b18id/morley_commercial_richmond/

[{"id": "c92mq1d", "text": "94265000", "replies": [], "depth": 1}]

We now have live web support!!!!

come visit us at http://www.theBusinessStore.com

/r/CommercialRealEstate/comments/1b4ohn/we_now_have_live_web_support/

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The Business Store has gone worldwide!!!

Come check out our Facebook page http://www.facebook.com/Thebusinessstore and our twitter @globalbizbuysel

/r/CommercialRealEstate/comments/1b497x/the_business_store_has_gone_worldwide/

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Investments in Multifamily Contribute to the National Economy

/r/CommercialRealEstate/comments/1b492g/investments_in_multifamily_contribute_to_the/

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WSJ: Mall Landlords Get a Penney for Thoughts - Property Owners Ponder Their Options if Struggling Retailer Decides to Shutter Some Stores; a 'Source of Cash'

/r/CommercialRealEstate/comments/1b44sv/wsj_mall_landlords_get_a_penney_for_thoughts/

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Composant RokQuickCart - Extensions Joomla! - Joomlatutos.com

/r/CommercialRealEstate/comments/1b5va4/composant_rokquickcart_extensions_joomla/

[{"id": "c93vqo8", "text": "nab", "replies": [], "depth": 1}]

Medical Investor looking to diversify into Industrial

Looking to diversify into a 500k-900k SF Industrial spec investment after primarily dealing with NNN medical properties for the past 10 years. Prior to the medical properties, we ran student rentals for 20 years. We're a family owned, long-term hold portfolio rather than flippers. We currently have 23 properties in medical & retail/office types. Would the reddit community have any particular guidance on our position? Not looking for a "do or don't", but some things to look out for in operating and management differences. I'm particularly interested in lease structure of gross leases, as we don't have as much experience with that type. This was proposed by some local leasing brokers, so we will be working with them in obtaining and structuring any potential lease. Any resources that you could direct me to would be appreciated as well. I've gotten the majority of my market research from CB & Cassidy and it looks very positive for the Industrial sector. I'm concerned about doing a spec project, as every investment proposal we have looked at up to this point has hinged on the lease. Any tips on this outlook would help as well. We're fairly conservative in nature, so a spec deal normally wouldn't pique our interest, but given the strength of the market, it sounds great. Is this market data just smoke and mirrors, or is there more legitimacy to it? I know that medical is still hot and would expect that Industrial is as well, given the growth in online sales over the past 10 years. TL;DR - Is the Industrial market really as great as the market data suggests? What would be some operating challenges in going from a NNN based management system to Gross? What are you seeing in Industrial lease structure currently (term, tenant responsibilities, etc)? Thank you.

/r/CommercialRealEstate/comments/1b8xsc/medical_investor_looking_to_diversify_into/

[{"id": "c94xl11", "text": "I deal with both sectors of medical and industrial and right now both are doing better than the rest. Short answer: Depending on your market, I would be hesitant to spec build until vacancy reaches the specific vacancy threshold where new construction would be in demand.\n\nWe're seeing third party logistic companies saying they have more freight than they can sell, which shows a positive sign in the manufacturing, warehousing, freight, and logistic markets alone. \n\n\nThat being said I can expand on your question: \n\nI dont know if you're contemplating large big-box industrial needs or smaller units within the 500-900K SF. Either way, With 500-900K SF and large occupancy many tenants of that caliber, i.e. 20,000 +/- SF will be savvy enough to understand the NNN system. The largest advantage of a gross lease in my opinion is the perception to the market. Sometimes smaller tenants do not understand what is all included in the NNN Rent structure. They tend to have a \"What else am I being charged for?\" mentality. Gross leases offer the most protection to the tenant as they are typically not exposed to an increases to Tax and/or CAM. Obviously potentially dangerous to you. With a spec building, you'll only be able to give projected Tax and CAM numbers so offering a gross rate could be bad. Bad as in; Tax and CAM are actually higher than projected when fully assessed and you suffer the lower net rent, or your rental rate with your higher projected numbers is pricing you out of your competition.\n\nIt is typically easier to manage NNN than gross as you dont have to adjust for a Net Rent and will allow you to sign longer leases without the risk of taxes and/or CAM jumping through the roof. A small population of the market opt for Modified Gross/Modified Net Leases with Base Year Stops. This allows the landlord to retain their Base Net Rent and pass along increases to the Base Year to the tenant.\n\nTerm: Depending on the size and requirements, this is all dependent on size. The bigger the tenant, the longer the initial lease will be. We typically are seeing 5-7 Years for industrial, whereas you may be more familiar with 5-10 year leases in medical.\n\nWe are fine underwriting deals around 3 years as long as there isn't too much tenant improvements.\n\nTenant Responsibilities: Mid to Large industrial users are easiest to manage. Not as much interior infrastructure and building mechanical as medical spaces and typically they have a HVAC clause that they are to service the HVAC units biannually.\n\nHVAC, Parking, and any Roof penetrations will be your largest concern depending on the user.\n\nMarket knowledge:\n\nTo elaborate on my perception of the market, you will have to see what the net absorption was in 2012 and why you need to spec a building in 2013-2014. Is there a shortage of crane, high power/ceiling, flex buildings in your market? We don't anticipate new construction to be coming back until vacancy is roughly 10% or unless its a build to suit opportunity.\n\nThe thing that these reports dont elaborate on is consumer confidence and current employment levels. Companies like Caterpillar are still laying people off and \"cutting the fat\" as all companies are (or should be) looking to their bottom line to see where they can run leaner and more efficient in the future. Industrial will be stronger, but this strength will be slow with small positive gains for the next 5 or so years...as people are saying in our industry.\n\nConsumer confidence is tough too as many larger industrial owners such as Prologis, ING, RREEF, First Industrial, etc. all know these reports and CB and Cassidy all represent these institutional owners. They understand the market and are willing to drop their rates or give into some market concessions to keep tenants in order not to lose them to another building. \n\nWhat we also dont know is all the defaulting loans that are out there from the smaller owner/users that will influx the market vacancies.\n\nI would be happy to go into detail on any of this or answer any additional specific questions you have.\n\n", "replies": [], "depth": 1}, {"id": "c957sc5", "text": "Jsshabitat's is great. I'm not going to coolest on leases, even though that's what you asked for, I have just one point I want to make. It sounds like you want to get development and then be a landlord, vs simply buy into being a landlord. Thats awesome, development takes cahonies. Though, if you're in an area like Atlanta or Houston where growth is easy to come by, development might not be what you hope it to be. The higher rents the nation is currently experiencing in industrial will be shorter lived in these areas. But if you're in an area like LA/LB, Chicago, or even Charlotte where growth is harder to come by, go for it! Build high ceilings, big bay doors and with lots of turning radius for the trucks. \n\nGood luck!!", "replies": [], "depth": 1}, {"id": "c96rsla", "text": "Rei-CPA - here's an article about what you asked. \n\nhttp://www.globest.com/news/12_573/national/industrial/Sector-Spotlight-Industrial-331651.html?ET=globest:e37800:43673a:&st=email&s=&cmp=gst:National_PM_20130401:editorial\n\n", "replies": [], "depth": 1}]

Industrial Spec Building on the Rise

/r/CommercialRealEstate/comments/1bht26/industrial_spec_building_on_the_rise/

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Here is a new and Very cool Idea for property management app Thingy-ma-bobber.

/r/CommercialRealEstate/comments/1bhi8p/here_is_a_new_and_very_cool_idea_for_property/

[{"id": "c987bof", "text": "got invited to the beta, its a bit clunky", "replies": [], "depth": 1}, {"id": "c9kuqtl", "text": "I want an invite", "replies": [], "depth": 1}]

What Hotel Markets Are Experiencing the Most Growth?

/r/CommercialRealEstate/comments/1bl9j6/what_hotel_markets_are_experiencing_the_most/

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The Most Valued Service Anyone Can Get For Commercial Cleaning In Roanoke, VA

/r/CommercialRealEstate/comments/1bjyys/the_most_valued_service_anyone_can_get_for/

[{"id": "c97ckbm", "text": "Why is this here? downvote", "replies": [], "depth": 1}]

Most Popular Uses for Commercial Buildings

/r/CommercialRealEstate/comments/1bs9b9/most_popular_uses_for_commercial_buildings/

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Budgeted capital reserve per unit for student housing projects?

Can someone please help me understand the rule for budgeted capital reserve per unit on student housing projects? Most of the student MF deals I work on have leases specific to the bed and I will underwrite a minimum of $150 per bed. However, the deal I am working on has leases for each unit. For most multifamily deals, I UW a minimum of $250 per unit. Because this is student housing, I have bumped it to $300, but is there an unwritten rule that states it should be higher ($350)?

/r/CommercialRealEstate/comments/1bx1x6/budgeted_capital_reserve_per_unit_for_student/

[{"id": "c9bby13", "text": "Why not take the unit mix and apply your per bed to get a blend?", "replies": [], "depth": 1}]

Ansal Hub83-II sector 83 in Gurgaon | Commercial and retail shops

/r/CommercialRealEstate/comments/1byyp8/ansal_hub83ii_sector_83_in_gurgaon_commercial_and/

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Are Incentives Fueling New Transactions?

/r/CommercialRealEstate/comments/1c2dmy/are_incentives_fueling_new_transactions/

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Suratwala Housing is upcoming private limited company in the construction industry.

/r/CommercialRealEstate/comments/1c4qu0/suratwala_housing_is_upcoming_private_limited/

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Absolute Electric

/r/CommercialRealEstate/comments/1c3nk4/absolute_electric/

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Is there a Zillow for commercial real estate?

/r/CommercialRealEstate/comments/1c8fmn/is_there_a_zillow_for_commercial_real_estate/

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Commercial Real Estate and the MLS

Commercial Properties are sometimes sold on the MLS, although it is obviously geared much more for residential properties than LoopNet or CoStar and forces you to answer a lot of irrelevant residential related questions to post a listing. What are your experiences with it? Do you avoid it entirely or chalk it up as a necessary evil?

/r/CommercialRealEstate/comments/1c82d4/commercial_real_estate_and_the_mls/

[{"id": "c9dywxw", "text": "Really, the only commercial listings on my MLS are rural properties still covered by the MLS in my MSA. That and unsophisticated buyers and sellers use it for mostly ramshackle properties. ", "replies": [], "depth": 1}, {"id": "c9e5tfy", "text": "Nothing tells prospective buyers you are not a serious seller like putting your commercial property on the MLS. What is the asset class? ", "replies": [{"id": "c9e6wll", "text": "In Chicago you see it with mixed use/retail properties, esp. under $2M. It's not instead of the traditional means, but in addition to.", "replies": [{"id": "c9ed2bh", "text": "Yes I'm in Chicago, and yes it happens, I just cannot justify telling someone that marketing their 0-2M investment property on the MLS is a sound marketing method", "replies": [{"id": "c9f526u", "text": "Genuine question: Is there any reason not to? If a property is already on loopnet and costar and it's being promoted via personal/broker relationships, online/email marketing, etc. doesn't MLS provide some non-zero chance of capturing additional potential buyers?\n\nI'm not saying buy any stretch of the imagination that it's the best way to market it, maybe not even in the top 5 or 10 ways to market it, but why not use all available channels if the cost of listing it on MLS is basically a few minutes of your time? Are you arguing that it isn't even worth that amount of your time or that there is some negative side-effect of listing it there that I am not considering?\n\nedit: I actually hate the MLS. Just playing devil's advocate here...", "replies": [{"id": "c9f9bm3", "text": "No you're right, it's an arrow worth having in your marketing quiver. The trick is to not put them up until you're 6-8 weeks into the marketing process. I talking about loopnet, costar, and the MLS.\n\nThe reason you do that is because it gives you more control over the marketing process, and it also keeps the listing from going stale more quickly ", "replies": [], "depth": 5}, {"id": "c9g0vnf", "text": "I would argue that there are economic reasons not to. The cost and red tape in order to belong to a local Realtor association would outweigh the benefits of actually landing a deal. I find those who belong to an MLS (In Chicago) tend to be more residential. Those who are commercial brokers who have the MLS usually belong to companies that blend residential and commercial (i.e. coldwell banker, remax, etc.) \n\nI have worked with those who have access to the MLS (residential brokers) on occasion and majority know that there is a low percentage of properties listed on the MLS. They lean on Loopnet due to the lower cost and literally drive properties for signs.", "replies": [], "depth": 5}, {"id": "c9s9j3p", "text": "I worked with a company that chose to add all of their commercial listings to MLS. They felt that they received enough leads to continue the practice despite: MLS requires the account holder to be the listing agent (the company only had one account - it was held under the designated broker's name); PAY CLOSE ATTENTION to MLS's default splits (you'll want to edit the default to match your listing agreement); listing on MLS attracts residential agents who dabble in commercial (be prepared for some troublesome agents who can muddy the waters); and adhering to MLS policies can be tricky (but can be done).", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "c9e85hb", "text": "I would only use the MLS for residential development land because lots of those developers ran around with residential brokers who had never heard of Loopnet. ", "replies": [], "depth": 1}, {"id": "c9eczak", "text": "In Brooklyn, loopnet-costar is the choice service for firms. But in reality only a fraction of what's actually is available is on the Internet. Personal relationships with owners and brokers is still key to know what is available. ", "replies": [{"id": "c9gd6zd", "text": "Same here in Fairfield County. Most really good commercial spaces never hit the MLS because the demand is just so high, my broker has buyers lined up for days with some uses.", "replies": [], "depth": 2}], "depth": 1}, {"id": "caj49zz", "text": "Depending on your location you can also have listings added to the Xceligent property database. This is a competitor of CoStar/Loopnet and they are a cheaper alternative to which you can subscribe if you are a broker/agent.\n\nIn Southern California specifically, you can get your listings added into the AIR Commercial Real Estate Association's commercial database, which is run on Xceligent's technology called CDX (Commercial Data eXchange).\n\nXceligent www.xceligent.com\nAIR Commercial Real Estate Association www.airea.com\n", "replies": [], "depth": 1}]

Done Deals—Commercial Real Estate Activity Booms

/r/CommercialRealEstate/comments/1c7hlc/done_dealscommercial_real_estate_activity_booms/

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Main reasons to Search for House for Sale in Newfoundland

/r/CommercialRealEstate/comments/1c6uh0/main_reasons_to_search_for_house_for_sale_in/

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Commercial Properties in Gurgaon

/r/CommercialRealEstate/comments/1cduyk/commercial_properties_in_gurgaon/

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Where are Healthcare REITs Investing?

/r/CommercialRealEstate/comments/1cgnfm/where_are_healthcare_reits_investing/

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Thoughts on Financing Real Estate Developments Through Crowdfunding?

Hey everyone, I am in a business class for school and I am working on a project that involves crowd-investing of real estate. I am supposed to survey 10 developers as well as 10 potential investors. The basic premise behind the idea is as that with the passage of the JOBs act last year, it's only a matter of time before unaccredited investors are going to be allowed to invest in real estate developments. I am wondering what everyone thinks about crowd-investing as a potential source of financing for projects. Developers: It would be very helpful to me if you could fill out this survey: https://docs.google.com/forms/d/1HrIH0Pdw5LJXHYdAUC8-pkfnp_PW2i491rRoqXoH6M8/viewform Investors: It would be very helpful to me if you could fill out this survey: https://docs.google.com/forms/d/19JLdN7TmRRYSE54ptHZLI8uQGnjFkmr2XMKASZDNLEE/viewform Both surveys are very short and should take no more than 2 minutes. Even if you don't want to complete the surveys, I'd love to hear your thoughts on what you think about crowd-investing for real estate. I personally think that it has the potential to transform the way developers and aspiring developers fund their projects.

/r/CommercialRealEstate/comments/1ckf4c/thoughts_on_financing_real_estate_developments/

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Economists Expect Continued Improvement in Commercial Real Estate

/r/CommercialRealEstate/comments/1cmp9u/economists_expect_continued_improvement_in/

[{"id": "c9ia7j3", "text": "CMBS delinquency rates are off their highs; which is nice to see considering CMBS issuance is rising.", "replies": [], "depth": 1}]

Untapped Market in Smaller Green Retrofits

/r/CommercialRealEstate/comments/1cmby9/untapped_market_in_smaller_green_retrofits/

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The Largest Apartment Owners and Managers

/r/CommercialRealEstate/comments/1cm14c/the_largest_apartment_owners_and_managers/

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