Category Archives: Industry News

Commercial Properties are Returning to Health, but Property Managers Remain on Active Duty

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Jul 10, 2012 2:29 PM, By Elaine Misonzhnik, Senior Associate Editor

A property manager’s job is never done. Especially not in today’s world, where the need to retain old tenants and attract new ones, combined with those tenants’ heightened expectations for round-the-clock service, have left property managers with more responsibilities than ever.

Just a few years ago, property management was about basic building services: contract negotiations, rent collection, cleaning and maintenance, says Dan Pufunt, president of property management with Jones Lang LaSalle in Chicago. Today, property managers also have to [Full Article]

Value-Add Has its Day

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by Matt Hudgins (http://www.reforum-digital.com)

When Clarion Partners acquired the Plantation Apartments at the Woodlands late last year, the 432-unit, luxury complex north of Houston was just three years old and required only minor upgrades and leasing to increase the revenue stream and boost value. Clarion expects an easy task of maintaining full occupancy at its new multifamily
asset. After all, the Houston metropolitan area’s economy is one of the strongest in the nation, having added more than 85,000 jobs in the 12 months that ended in [Full Article]

Coldwell Banker Commercial Sees Increasing Demand from Tenants

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May 30, 2012 4:09 PM

Fred Schmidt, president and CEO of Coldwell Banker Commercial, talks about the optimism in the retail sector. Coldwell Banker has offices in primary, secondary and tertiary markets across the country and sees across-the-board decreases in vacancies and increases in demand. Coldwell Banker’s deal volume is increasing, mirroring national trends and seeing slow and steady growth as the year progresses. One particularly hot area [Full Article]

Retail Landlords Sigh in Relief as Leasing Activity Gains Momentum

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May 21, 2012 8:58 PM, By Elaine Misonzhnik

After several years of concentrating on portfolio consolidation, retailers are coming back to the negotiating table ready to talk new deals, according to leasing brokers, property managers and landlords. What’s more, growth is coming from a variety of sectors, including dining, specialty apparel and department stores, which means that the recovery that up till now has been occurring on a selective basis is starting to become market-wide.

One of the most encouraging signs for the industry is that… [Full Article]

CRE Price Recovery Continues Despite Seasonal Volatility

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By Randyl Drummer
May 21, 2012

Despite a generally flat March for pricing of commercial property, prices recovered to mid-2003 levels in the first quarter as improving fundamentals and liquidity causing a broadening of the recovery into non-core commercial real estate and secondary markets, according to this month’s CoStar Commercial Repeat Sale Indices (CCRSI) report.

The U.S. Composite Index ended the first quarter 4.3% above the same period in 2011, although prices are still 34.5% lower than the peak levels in 2007. The U.S. General Commercial Index, … [Full Article]