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Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss todays opportunities, problems & solutions in Commercial Real Estate.
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Now displaying: February, 2016
Feb 26, 2016
Restaurants & Single Tenant Leases = Investment Opportunity From coffee to crab cakes, people love to eat out.  The World Wide Web’s technology limitations prevent us from the experience of eating, drinking out and interacting with others in a neutral place that you don’t have to clean when you are done.  That adds up to why restaurants & single tenant leases are an opportunity to look at.. What's the place that's not home, and not work, but people got to gather at daily? Restaurants! Restaurant owners like the large ticket sale generated by baby boomer guests.  While the millennials spend less, they are regulars, spending money multiple times each week, and create significant sales volume.  Starbucks is a perfect example; the “3rd place,” as it was described to me by a “partner” employee at my local Starbucks.  They recognize their fit in your world; that place between home & work; the 3rd place. Considering the Commercial Real Estate investment opportunities in Restaurants, I sought out an expert in Single Tenant Leases & Restaurant Development, from Dallas, Tx, Pam Goodwin of Goodwin Commercial to learn more. For listeners of CREPN interview with Pam Goodwin, click here to receive your FREE:      26 Lessons Learned From 26 Years in Commercial Real Estate Business
Feb 19, 2016
From Gulf wars to under the Christmas tree in 2015, retailers have declared “2016, The Year of the Drone!” The first time I recall hearing about drones on a regular basis was during the Gulf Wars  where drones were used for military surveillance over war zone. Now they are found under the Christmas tree. To learn more about Drones and their use in commercial applications, I contacted Paul Tice with ToPa3d, who uses drones in his 3d mapping business.   Drones have exploded onto the scene due to three noticeable improvements: Stability Able to remain steady in the windiest conditions.Capacity to lift is growingUp to 50 lbs = higher image resolution cameras.Cost Savings?High quality output in hours compared to weeks using traditional methods. Laws: FAA rules require there must be a licensed pilot on site with knowledge of air space.  Basic responsibility: DO NOT FLY OVER PEOPLE; give way to manned aircraft, and are supposed to stay under 400 ft and not to fly within 5 miles of an airport. Future: LIDAR used to create intelligent models: 3D City ModelingBIM: Building Information ModelsGIS: Geographic Information SystemsMaterials & Energy performance of buildings for a cityUtilitiesUrban planning Fully immersed to understand planning, usage, people Virtual Reality For more information: www.ToPa3D.com    
Feb 12, 2016

When a complicated sale can be facilitated by a machine that can interact with the Prospect from the first communication through offer, across multiple channels in real time, that is something BIG.  That is Skyler 360.   Communication in the sales process has changed. The first sale involved a buyer & seller communicating face to face. Communication has changed.  Snail mail, Telegram, Overnight delivery, Voice messages, Faxes, Emails, Texts, Drip campaigns, Video Chat; the noise is loud and the competition for the Prospect’s attention is fierce. You spend money on advertising to make the phone ring.  The phone rings.  Is it answered? Q: How do you sift through all of the noise to find the BUYERS? Ron Sasson developed Skyler 360 to overcome this problem. Ron had an apartment complex with multiple vacancies.  He needed to fill them, and was spending money on advertisements, but his property manager was too busy tending to other issues at the property, and was unable to handle the calls.   Assessing the situation, Ron recognized that his property manager needed help.   Skyler 360 engages the prospect right away with an appropriate reply to the Prospect’s request for information.  A few brief back and forth messages between Skyler 360 and the Prospect, and the Prospect’s needs are easily determined and qualified against available units.    Recently, Skyler 360 was reviewed by Inman.com, and the Houston Business Journal. Skyler 360 can work as a standalone or can be fully integrated with MLS, your website, social media, calendar, accounting system; Yardi, MRI, etc. For a Demo: call: 713-322-4146 goto: skyler360

Feb 5, 2016
The Residential Landlord & Tenant Rental Agreement is significantly limited in comparison to the wide open language, structure and requirements written in a Commercial Lease. Recently I sat down with Marcel Gesmundo, Attorney at Bittner-Hahs PC to discuss the basic elements, requirements, responsibilities and limitations of the Residential lease. The basics elements of the Residential Lease: The Residential Lease, per Oregon Statute ORS 90.222, (which follows URLTA - the Universal Residential Landlord & Tenant Act) sets the limitations for the contractual relationship between the Landlord and Tenant, especially in a Multifamily property.   Duties of Landlord & Tenant: Landlord Tenant Renters Insurance: Q: Can Landlord require Tenant to have Renters Insurance? A: Yes, when the requirement from the Landlord is: (Per SECTION 5. ORS 90.222 is amended to read: 90.222) IMPORTANT SMALL PRINT: The information contained in this interview was for discussion purposes only and is not intended as legal advice.  For legal guidance or answers to legal questions ALWAYS consult with your attorney. DO you own more than 100 units?Want to require Tenants to Have Renters Insurance? If YES, click here for more information on how easy it is to do so.
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