Last month we looked at dozen factors for first time buyers of retail centers to consider. Here are twelve more factors to keep in mind when you are starting your due diligence. Some are obvious and some perhaps you hadn’t thought about. The list isn’t in any particular order of importance. This is not a…
OK, so you’re ready to buy your first retail center, or maybe you are already a seasoned owner who just wants a quick refresher course. Either way here are twelve factors to consider when you are starting your due diligence. Some are obvious and some perhaps you hadn’t thought about. The list isn’t in any…
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…
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…
What is old is new again. Dougall McCorkle and Premier Commercial has been engaged to exclusively represent The Village on Venetian Bay. The Village is 125,000 square foot high-end specialty center located directly on the waterfront along Gulfshore Boulevard in North Naples. The exclusive center includes six restaurants and more than 40 other unique shops.…
One of the rewarding side benefits of being in the commercial real estate business is seeing your clients become success stories and their property become improved for the betterment of the community. Just such an example is the dramatic transformation of an out-of-favor building into the West Indies Home Collection on the North Trail. Calling…
2013 and 2014 have been “red-hot” years for the sale of “single tenant” properties. Single tenant asset (aka “NNN” or “triple net”) investments where the income property is leased back by a single tenant. Unfortunately, much too often some of the basic investment fundamentals are overlooked by yield hungry investors. Five of the most…
As we leave a strong commercial real estate climate of 2013 behind us, 2014 should be even stronger so long as we remain free of any major geo-events that may throw us off the course of continued prosperity. We were fortunate that 2013 was relatively devoid of any derailments, although the ineptness of Washington in…
Dougall McCorkle represents buyer for Uptown Center An undisclosed private investor purchased the 75,000 square foot Uptown Center in North Naples for $11.2 million. The neighborhood shopping center is located next to Sam’s Club at the Southwest corner of Immokalee Road and Airport Road. The center has been a popular destination for the neighboring communities…
It’s a great time to Buy- It’s a great time to Sell As the nation goes through economic cycles over the generation no where are the gyrations to the real estate market so pronounced as in the State of Florida. Its a state known for booms and busts, from the 1920’s and before until the present…