CREJ – Associations: BOMA – Rising to the challenge
There are many famous quotes about adversity. Some that seem especially relevant when looking back on the past year include: “Adversity is the preparation for greatness.” – Andy Andrews “Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by conflict.” – William Ellery Channing. “If you run into a wall, don’t turn around and give up. Figure out how to climb it.” – Michael Jordan. “Through adversity, not only are we given an opportunity to discover our inner strength, we are also given the gift of foresight...
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BOMA – Unlocking Hidden Value in Class B/C Office Buildings
Best practices for pursuing low cost, high impact energy efficiency and green leasing strategies [View source:...
read moreCREJ – Adapting to changing circumstances … 2020 market update
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 reported drastic drops in revenues and income due to the global pandemic. “The U.S. office market recorded 14 million...
read moreCREJ – Considerations to help elevate a property’s value
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 will put the property and you in-the-red. Following is a real estate 101 on elevating a property’s value. Get...
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