Euclid Analytics offers bricks and mortar retailers an innovative way to measure shopper behavior. Using Wi-Fi networks, Euclid sensors record pings emitted from Wi-Fi enabled smartphones to measure information such as the number of shoppers that walk into a store, … Continue reading →
In an effort to remain competitive with surrounding states, Iowa Governor Terry Branstad proposed a budget last week that cuts Iowa’s commercial property taxes, according to press-citizen.com. The proposed In this modern era, we need not actually worry about anything … Continue reading →
Philadelphia’s largest office sector expansion for 2012 was Drexel University’s lease of an additional 119,000sf (186,000sf total) at Three Parkway in Center City Philadelphia, according to Commercial Property Executive. The university signed a ten-year lease bringing the 561,400sf property to … Continue reading →
Landlords and retailers are saving money by transferring the review and payment of utility bills to third-party firms such as Ecova. Regency Centers, which at one point received 4,200 utility bills per month, is saving about $160,000 by outsourcing bills, … Continue reading →
Net present value (NPV) is the difference between the present value of a time series of cash inflows and the present value of a time series of cash outflows (or initial investment and fees). Present value is calculated as follows: … Continue reading →
Joseph Sitt of Thor Equities recently purchased a 35,000sf retail portion at 680 Madison Avenue for $277 million, according to The Wall Street Journal. Before the recession, rents on Madison Avenue between 57th and 72nd streets were as high as … Continue reading →
The due diligence period in a commercial building sale is usually 45 to 60 days, during which the buyer and the broker work together to study the property. The factors to study include: Building Inspection: Structural and mechanical components must … Continue reading →
Investment sales improved in 2012 compared with 2011. Year-to-date volume is at $225 billion, according to John Salustri, quoting data from Real Capital Analytics (RCA). November volume stood at $19.5 billion – a 40 percent increase over November 2011. RCA … Continue reading →
A zero cash flow property (“zero property”) is a property with a long-term (20+ years), stable lease by a credit tenant attached to it. The investment is highly financed and all of the rent usually goes to the lender. Values for zero … Continue reading →
On December 11, Neyer Properties purchased two downtown Cincinnati Class A office buildings (Centennial Plaza I & III) in auction for $3.5 million, according to Commercial Property Executive. The seller, New Boston Centennial, paid $13 million for the properties in 1999. Centennial … Continue reading →