In today’s slowly improving economy, retail success depends upon regularly updating the customer experience and a constant focus on managing occupancy costs. One way to accomplish both of these goals is to combine store remodeling campaigns with commercial lease restructuring efforts. With a partnership approach between tenant and landlord, these seemingly unrelated and potentially conflicting efforts can have a beneficial outcome for both parties by creatively aligning incentives. Continue reading “Retail Remodel: Partnerships & Success by Bridget Grams”
Beyond the E-tail Era by Jennifer Norbut
The sharp rise in e-tailing and its game-changing impact has created a new normal in the retail real estate sector. Major national retailers are evolving their strategies in an effort to “survive and thrive” in this new market dynamic. “The good news is that even though Apple, Netflix, Amazon, eBay, and other online giants killed record stores and video rental shops and are in the process of doing the same to electronics and bookstore big boxes, e-commerce will never replace the brick-and-mortar shopping experience,” says Sean Glickman, CCIM, managing director of Glickman Retail Group in Maitland, Fla. Continue reading “Beyond the E-tail Era by Jennifer Norbut”
The Economist Who Predicted the Financial Crisis
The economist who predicted the financial crisis just sounded another alarm—it would be wise to listen this time
By Manuel Hinds September 22, 2013
Raghuram Rajan, left, was not afraid to take on Alan Greenspan. And now, he’s sounding another clarion call as India’s new central banker. Reuters/Danish Siddiqui
In his first official act as the new governor of the Reserve Bank of India (RBI), Raghuram Rajan raised the benchmark interest rate from 7.25 to 7.5%, causing a ripple of surprise in financial circles and eliciting protests from various business representatives. But for people who know the current condition of emerging markets and Rajan’s professional trajectory, this was not surprising, at all.
Continue reading “The Economist Who Predicted the Financial Crisis”
11 Ways to Finance Commercial Real Estate Energy Retrofits
According to the U.S. Department of Energy, commercial buildings account for 35 percent of U.S. (and 40 percent of global) electricity consumption. Most commercial real estate professionals accept that energy efficient buildings can, and do, impact the value of the underlying asset. Notwithstanding this recognition, existing commercial buildings on average spend 30 percent of their budgets on operating costs and account for close to 20 percent of all global carbon emissions.
While they understand the benefits, the challenge for most commercial real estate owners and operators is not whether to implement energy efficient retrofits, but rather how to pay for or finance such improvements. Continue reading “11 Ways to Finance Commercial Real Estate Energy Retrofits”
USDA Financing – Continued Resolution Passed by Congress
UPDATE – Congress has passed temporary Continued Resolution meaning that changes to USDA Rural Housing eligible areas has been delayed until mid December.
What does this mean for PrimeLending and USDA Rural Housing? Continue reading “USDA Financing – Continued Resolution Passed by Congress”
12 Key Factors When Buying Land
Congratulations! You’ve decided to build your own home. But where do you start?
Now that you’ve drawn up the plans or maybe even picked out your perfect manufactured or modular home, you’ll need to find the land to put it on. It may sound like a simple process. Pick the home, buy the land and move-in, but it’s much more complex than that. Finding that right piece of land can be just as cumbersome as searching for the perfect home, if not more. And, to complicate matters even more, not all real estate agents know land, so make sure you find one that does. Continue reading “12 Key Factors When Buying Land”
Real Estate vs Stock Market
Why Real Estate is Better than Stocks
The thing I love about real estate is that it allows you to leverage your money. Here’s what I mean. Let’s say that you have $40,000 to invest.
Option 1: Investing in Real Estate. You find an income producing property, maybe a little run down that is only $200,000. You put 15% down, or $30,000 and still have $2,000 for closing costs and $8,000 for upgrades.
Option 2: Investing in Stocks. Say $20,000 goes into mutual funds and $20,000 into an aggressive stock.
Now, move forward one month. Continue reading “Real Estate vs Stock Market”
We live in a litigious society. Be cautious.
How do you know if an investment property is a good rental?
There are a couple basic items to consider when looking at an investment property. Just like in real estate, rentals are about location, location, location!
If you are considering a full-time rental property, is it close to schools, shopping or allow for easy commuting? If you are looking at a vacation rental, what is the draw for that area and why do people visit? Is there a golf course, beach or another attraction that brings people to the neighborhood consistently? Even a retirement community? Find out what it is and utilize that. Continue reading “We live in a litigious society. Be cautious.”
First Time Real Estate Investor (Part 1)
Now is the perfect time to begin investing in real estate. Many buyers are sitting on the fence waiting for things to change and talk about how our market is “down.” In reality, you now have more negotiating power than ever.
If you are a new investor starting out, I recommend starting small.
Duplexes and Mother-in-Law apartments are a great beginning. They allow you to live on one side and keep an eye on the premises while generating income at the same time. Of course, there are drawbacks to this set-up. Continue reading “First Time Real Estate Investor (Part 1)”
First Time Real Estate Investor: Good Rental (Part 2)
So, you’ve decided it’s time to purchase an investment property. How do you know if it’s a good rental?
There are a couple basic items to consider when looking at an investment property. Just like in real estate, rentals are about location, location, location!
If you are considering a full-time rental property, is it close to schools, shopping or allow for easy commuting? If you are looking at a vacation rental, what is the draw for that area and why do people visit? Is there a golf course, beach or another attraction that brings people to the neighborhood consistently? Even a retirement community? Find out what it is and utilize that. Continue reading “First Time Real Estate Investor: Good Rental (Part 2)”