When it comes to buying commercial real estate there is invariably often five mistakes that many would-be buyers make. 1- Overly obsessive on yield: Too focused on a getting a certain level of yield or cap rate. I have seen buyers turn down a great deal because they want a 6.5 yield when the…
With the plethora of information that is just a couple of clicks away on the Internet, commercial real estate is becoming more and more “efficiently priced”, just as other tradable markets and as espoused by the economic theorists. Sophisticated buyers have quantitative tools to quantify the risks and returns. With this in mind sellers…
The rout the January stock market experienced was the worst start for the market in history! What does that mean for commercial real estate? Is that the next asset class to tumble? The stock market absolutely impacts commercial real estate, sometimes negatively and sometimes positively, depending on several factors. Unlike the lightning reaction time…
With a new year upon us it is time once again for all of us pundits to have predictions for the upcoming year, so here goes my take for the SW Florida commercial real estate scene: LAND: As we have been experiencing over the past year or two, the availability of commercially zoned land…
In the past thirty something years I have had both the pleasure and horror of having met, interviewed, negotiated, and worked with countless retailers. For the most part their ranks are filled with ambitious and optimistic sorts that somehow can not only eek out a living, but can prosper and grow into admirable operations. Through…
The following excerpt is given by N. Edward Tamer, Senior Vice President of Grandbridge Real Estate Capital. Long term non-recourse fixed interest rates are priced on a spread over the corresponding 10, 15, 20 or 25 year treasury rate. As the treasury rates have moved down, spreads have increased significantly. 10-20 year fixed rates are now in the…
One of the most expensive office condominiums in Naples (and probably Florida) was recently sold for $2.25 million, tipping in at a per square foot price of $800 per square foot. Dougall McCorkle of Premier Commercial was the listing agent for the Old Naples Seaport property, which was putting under contract within 30 days of…
A spectacular and unique property hits the commercial scene this week in Naples, Florida. The property is an ‘uber-luxury’ office condominium in Olde Naples that we have listed for sale. It is certainly the highest price office condominium on the market in Naples, if not all of the West Coast of Florida. The newspaper…
One of Southwest Florida’s more unique retail venues, Flamingo Island Flea Market, recently was sold for $8.5 million. The deal was represented and brokered by Dougall McCorkle of Premier Commercial and Michael Lynch of MLPA Realty. Flamingo Island was first developed over 15 years ago and has since had a strong history of consistent…
The Lutgert Companies have engaged Dougall McCorkle to commence pre-leasing of a new 38,000 square foot three story office building on US 41, just south of Pine Ridge Road. The building features a clean contemporary design that is in keeping with the continued shift in office user tastes. The ground floor of the building will…