Smith Real Estate Services recently highlighted 10 Things you need to know about Commercial Real Estate… 1. Most commercial “brokers” are not brokers. They call themselves brokers because they broker the deal, but many hold a Salesperson’s license, which actually makes them an agent. By law, a salesperson or agent must hang their license under [...]
Tag Archives: Commercial News
Commercial Investment Quiz
You bought a piece of commercial real estate as an investment for $900,000 last month. You put 30% down. Because this was a former gas station site, you had to do some studies totaling $8,000. Your loan had 1 point. You collect $5,400 per month in base rent. It’s a triple net lease. Taxes are [...]
Wide Open Office Spaces
Reprinted from the Cherokee Ledger-News with full credit given to Tom Brooks for authoring this story… Demand for office space in Cherokee County is convincing developers to pursue several new projects, industry officials say. New and planned complexes – including upper end office buildings and professional office condominiums – are in the works as the [...]
Stadium District to help Atlanta Braves gain fans
As a life long Braves fan, I will always support my home team. However, the Braves don’t always get the fan support they deserve from the City of Atlanta. The Braves won 14 straight division titles, a feat that will likely never be matched by any professional sport team…ever, and yet the national media mocks [...]
Will Canton’s new golf course bring commercial growth?
In an unusual private-public partnership, developers of the mixed-use community, Laurel Canyon, have donated an 18-hole, 7,000-yard golf course to the city of Canton. The Fairways of Canton, being developed by Newnan-based Rocky Roquemore Golf Course Architects, is scheduled to open in 2007 as a city-owned public course. "This is a first-class, luxury golf course [...]
LoopNet needs love too: the best commercial real estate website
With so much talk about real estate 2.0 and new websites such as Trulia, Zillow, Redfin, et al…it seems everyone is overlooking commercial real estate and in particular the 10 year company LoopNet, Inc. www.loopnet.com is the best website for commercial real estate in terms of usability, functionality, and affordability. As a member and frequent [...]
Commercial Real Estate learns from Residential Model
It’s hard to believe, but many commercial real estate firms still operate on a full-commission model. The National Association of Realtors recently released a news story about a commercial firm that switched it’s commission model to resemble the residential co-brokerage split of 50/50. Profits went soaring for Sperry Van Ness and I am certain their [...]
Office Investment Tips
As with any investment, office investment requires the investor to calculate the expected return of profits after expenses. Unlike residential, commercial real estate seems confusing by the different terminology. However, it is the same basic principals. Terms that are useful to understand and calculate for effective commercial real estate analysis:Gross Operating Income (GOI)Net Operating Income [...]
City of Woodstock Development Updates
-TAD Planning for Olde Towne Woodstock began with it’s first meeting May 1st. According to their newsletter, “the main focus will be to secure funding for traffic congestion relief projects, public parking projects, and funds to help spruce up the facades and buildings along the Main Street Corridor of the Olde Towne.” They have also [...]
To Own or Lease your Place of Business?
Atlanta Business Chronicle recently hosted a Broker Round Table discussion to cover business owners buying versus leasing their buildings. The participants were: Ken Ashley, Cushman & Wakefield; Alan Joel, Alan Joel Partners; and Kirk Demetrops, The Griffin Co. The discussion included the following quotes: “We see probably triple the interest in buying, from owner/users, small, [...]