Posted on June 10th, 2007 by Jeff Pasquino
If you are either new to commercial real estate or just looking to get in to the game, first of all, welcome.
Secondly, you’re going to have to forget some of what you learned as a residential investor.
Do you remember how you first started looking for houses to buy? Did you start to notice the vacant houses that you weren’t seeing before? Sure the board-ups were easy. Then came the ones with tall grass and newspapers that were 3 weeks deep in the driveway. Then came the broken shutters or window. Then you felt you could just “tell” that a house was vacant, even if these blatant signs weren’t as readily apparent.
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Filed under: Development, Investments, Land, Office Buildings, Retail / Shopping Centers
Posted on May 22nd, 2007 by D. Scott Smith
 Some good factors of consideration brought to you by the National Association of Realtors on the effects of the Global Real Estate markets ( of which I am a fan of ) on the United States Real Estate Market and what NAR and it’s members are doing to help. I spoke with a real estate consultant from Ohio,USA today on what we (mcfalls and smith international development ) where doing in 2007-2008 in the global arena and how he could be apart. And that to me is AMAZING!!! Not that we had this conversation, but the fact alone that I in Baltimore, Maryland, USA and he in Ohio, were talking about possibly meeting up in Dubai to look at commercial investments. This would not have even been a thought 20 years ago. Which is odd in the fact that it seems completly normal to me and some of my peers have been doing commercial real estate for 20 years. I wonder if I will be talking about development on other planets in 30 years?
This is a preview of
Going International has it’s rewards as a commercial broker and investor.
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Filed under: Business News, Development, International
Posted on May 17th, 2007 by D. Scott Smith
In a Class of Their Own: ULI Announces 10 Winners for the 2007 Awards for Excellence: The Americas Competition and one Heritage Award Winner Winners Announced at ULI Spring Council Forum For more information, contact Marge Fahey at 202/624-7187 or E-mail: mfahey@uli.org WASHINGTON (May 11, 2007) — Ten outstanding developments from North America have been selected as winners for the Urban Land Institute’s (ULI) Awards for Excellence: The Americas competition. One development has been chosen as a prestigious Heritage Award winner. The awards program is widely recognized as the land use industry’s most prestigious recognition program. The competition is part of the Institute’s Awards for Excellence program, established in 1979, which is based on ULI’s guiding principle that the achievement of excellence in land use practice should be recognized and rewarded. ULI’s Awards for Excellence recognize the full development process of a project, not just its architecture or design. The criteria for the awards include leadership, contribution to the community, innovations, public/private partnership, environmental protection and enhancement, response to societal needs, and financial success. To read more and review the list of winners, visit ULI’s Press Room online. ——————————————————————————– Visit three of these outstanding North American developments by attending the ULI Cascadia Study Tour; June 3-8, 2007. This unique ULI program showcases best practices of transit-oriented, sustainable, and downtown residential development in Portland, Seattle, and Vancouver. The following 2007 ULI Awards for Excellence: The Americas winners are showcased on the ULI Cascadia Study Tour: Bob and Diana Gerding Theater at the Armory, Portland, Oregon; 2200, Seattle, Washington; and High Point, Seattle, Washington. Limited space available. To register visit www.uli.org/studytours or contact johnf@uli.org.
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Filed under: Development
Posted on April 20th, 2007 by D. Scott Smith
In the beginning of 2007 I posted some fundamental in-site information from research development from MIT regarding the state of the commercial real estate market currently and where it is headed. I was debated heavily on the subject and a “notable” investor publically chastised me due in part because he was promoting apartment complexes as a fool proof investment. I guess Zell may be wrong as well! This should not come as a surprise and I personally believe this to be a good thing for the market, however, one factor that has failed to be discussed is the overwhelming amount of product remaining to be built in the condo market, as a staggering amount of inventory is still sitting on the market. Many of these units are being converted into assisting living facilities and apartment complexes. Which will also dramatically effect the absorption rate.
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Filed under: Development, Investments
Posted on March 15th, 2007 by D. Scott Smith
Six Tenants Sign in New Severna Park Retail Complex
For some time now the BWI / Severn / Crofton market has been in the cross eye for the next hot bed in the Baltimore / DC market. There are many planned retail developments and many that are currently under construction. We have seen many homes in the last 3-5 years being built and existing homes benefiting from high appreciation rates. The new population will need a place to work, shop, and have entertainment. The Severn / BWI / Crofton area is the place for this type development. What does that mean, buy land in Glen Burnie, Odenton, and surrounding communities, where population has grown as well as property values, but the retail componet is not yet reached the area.
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Filed under: Business News, Development, General, Retail / Shopping Centers
