How Much Space Do We Need?

By Norman G. Miller and Roger J. Brown, CCIM / CIRE Magazine
May-June

No company ever seems to have the right amount of office space. Firms grow and shrink throughout the years for many reasons; however, they must contract for space over a set lease term of five, 15, or even 20 years. Typically this situation results in about 20 percent to 25 percent more space per worker than the stated goals of space planners. So firms with a goal of 200 square feet per worker will likely end up closer to 250 sf per worker. Read More »

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Outlook for CRE Investment Brightens

By: Brentt Taylor / National Real Estate Investor
May 28, 2013

The United States commercial real estate market is finally enjoying a revival. Compared to six months ago, expectations for the market are up. Read More »

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Posted in Commercial & Office, Market Analysis, Market Information, Puerto Rico Retail Sector | Tagged , | Leave a comment

Retail Rent Growth Finally Takes Root Across U.S. Metros

By Randyl Drummer / CoStar Group
May 15, 2013

Following a recent string of relentlessly unexciting market trends in retail real estate over the past several quarters comes this distinctly positive news for retail property owners — quoted asking rents have finally turned upward across all retail property types in the U.S. for the first time since 2008. Read More »

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Residential Resurgence?

By: Sara Drummond / CIRE Magazine
December 6, 2012

A recovering housing market may lift all boats — including commercial real estate.

“When Warren Buffett and Sam Zell comment about distressed single-family homes being one of the best investment opportunities in the market, people tend to listen,” says Ken Wimberley, CCIM, managing director of Noble Crest Property Group/KW Commercial in Arlington, Texas. “We are seeing strong sales as a result of investor purchases for single-family residential homes.” Read More »

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How Banks Survived the Recession

By: Mark Heschmeyer / CoStar Group
November 14, 2012

The Great Recession took a heavy toll on the nation’s banking industry and dramatically reshaped its makeup. A total of 465 banks failed and their assets and deposits redistributed to the country’s remaining 7,176 institutions, fewer than many feared, but still a major and expensive disruption. Read More »

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Industrial Stacks Up

By: Matt Hudgins / CIRE Magazine
October 17, 2012

Secondary and tertiary markets benefit from key demand drivers.
It didn’t take long for Jeff Castell, CCIM, SIOR, to find a buyer for his client’s 704,000-square-foot distribution center in Franklin, Ind., earlier this year. Read More »

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A Land Rush in Puerto Rico

By: Alyssa Abkowitz / The Wall Street Journal
October 4, 2012

No property taxes for five years. No closing fees and no capital-gains taxes. With a blitz of housing incentives set to expire Dec. 31, Puerto Rico is courting high-end home buyers—and sparking a real-estate revival. Read More »

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Posted in Advisory Services, Market Analysis, Market Information, Project Evaluation, Property Acquisition, Puerto Rico Hotel Sector, Puerto Rico Residential Real Estate, Puerto Rico Tourism Real Estate, Residential-Tourism | Tagged , , | Leave a comment

Will Property Prices Need a Crutch as the Population Ages?

By: Mark Heschmeyer / CoStar Group
September 12, 2012

There has been much speculation that single-family housing prices could take a hit as increasing numbers of baby boomers downsize and leave larger homes behind as they move into retirement age. That assumption is too general to be entirely accurate, according a pair of major economic papers on the topic of aging and property prices. Read More »

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Posted in Advisory Services, Financial Analysis, Market Analysis, Market Information, Puerto Rico Residential Real Estate, Valuation | Tagged , , | Leave a comment

Agriculture, the essential missing link

By: Jaime Santiago / Caribbean Business
September 13, 2012

Puerto Rico’s $8.5 billion food market untapped by local agriculture

A close look at the economic output of Puerto Rico’s agricultural industry over the past 50 years presents a very telling picture of how much the island’s agriculture has plummeted, a pace directly proportional to the amount of locally produced food consumed. Read More »

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Posted in Food Industry, Market Analysis, Market Information, co-manufacturing, food research & development | Leave a comment

Does Rebound In Commercial Construction Have Legs?

By Randyl Drummer / CoStar Group
August 22, 2012

The strong rebound reported in CRE development may represent light at the end of the tunnel for the U.S. nonresidential construction sector after several dark years, or it may just be a flicker that fades in the face of flagging confidence among investors and builders in recent months. Read More »

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Posted in Advisory Services, Market Analysis, Market Information, Project Evaluation, Puerto Rico Construction Industry | Tagged , , | Leave a comment
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