For the majority of folks in the United States, their home is their first and often their only real property investment. After buying a house, any further discretionary funds typically go into savings, money market accounts or the stock market. But with bank savings rates at historic lows, and the stock market vacillating at record …
It is not uncommon for our office to receive phone calls from commercial tenants whose leases are nearing expiration and who feel they did not get what they bargained for when they originally signed their lease. Often, these tenants incurred significant unexpected charges or expenses during their lease term, which soured their relationship with their …
In January I summarized the state of the Western Nevada County commercial real estate market for the 2013 calendar year. During 2013 vacancy rates had fallen in the industrial and retail sectors, but office vacancies had increased due primarily to large space divestitures by some of our local tech companies. I indicated that I felt …
In commercial real estate vernacular, Nevada County is classified as a “tertiary” (or small) market. While our local economy has certain unique attributes and economic drivers, it remains dependent on and influenced by what is happening regionally and nationally. For this reason, this article will review current national (macroeconomic) trends in each of the four …
Are you interested in purchasing or selling a commercial property and curious about the financing alternatives available? On a national basis in 2013, the most active commercial real estate lending sources and their market share were as follows: i) CMBS – Commercial Mortgage Backed Securities, 24%; ii) National Banks, 18%; iii) Government Agency (Fannie, Freddie), …
Over the past year I have provided current market insight on rents, sale prices and vacancy rates for office, retail and industrial properties. Today’s commentary focuses on the fourth major commercial property segment – the multi-family or apartment market. This sector consists of apartment buildings containing 5 or more units. (Duplexes, triplexes and fourplexes are …
I am often asked, “Which is the better investment – a freestanding building or a commercial condominium within a larger complex?” Each has its own unique set of attributes and so the answer really depends on the needs, goals and characteristics of the buyer. I provide below a comparison of each building type based on …
Sperry Van Ness ranks #8 in the Lipsey Survey of the most recognized CRE brands in commercial real estate. The Lipsey Company once again produced their annual commercial real estate brand survey and the Sperry Van Ness brand continues to excel, moving up from last year. 1. CBRE 2. Jones Lang LaSalle (tie) 2. Colliers International (tie) …
I was recently approached by a client who was planning to sell his vacant commercial/office building. He needed advice on preparing his property for sale in order to generate the greatest level of buyer interest possible – on a limited budget. In this case he was prepared to spend up to $20,000, but he wanted …
With the New Year upon us, here’s a look back at how the Western Nevada County commercial real estate market fared in 2013. The following results are derived from our database which tracks almost 7 million square feet of commercial property in the Grass Valley/Nevada City region. The following figures are rounded and approximate. Vacancy …