When I was in business school, many (many!) years ago, my strategic planning professor drilled into us one thing that clearly sticks out in my mind: “In business and in life, you have to adapt or you won’t succeed.” Wow, that advice seems more relevant now than ever. To give some perspective, many of the major brokerages, such as CBRE Group, JLL, Cushman & Wakefield, Newmark Group and Colliers International Group Inc. each...
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If you’re a new investor in commercial real estate, or are thinking of purchasing a property as a way to turn a profit, there are some basic – and also complex matters – that should be considered and implemented in order to elevate value. Unless improvements are made in a thoughtful and prudent manner, the things you do that were intended to attract tenants, raise lease rates and lower costs could wind up becoming a huge expense that...
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