Retail Investments – Falling from Grace? With the increased impact of the internet on the retail world we are now seeing an increasing crescendo of change. Even in economic times as strong as the present we are seeing higher profile retail names fall victim to bankruptcy protection. Payless Shoes, hhgregg, The Limited, BCBG, Wet Seal,…
Interest Rates Rise, Are Cap Rates About to Follow? In the March Federal Reserve meeting the FED raised their FED funds rate by a quarter of a percent, a second time in the last couple of months. There’s more than one view on interest rates when it comes to real estate investments. On the one…
I have always been a big fan of main street USA and small towns, and Safety Harbor is just such a town. Safety Harbor is really more of an enclave in a big metro area than anything else. It sits away from the main highway up Pinellas County so a lot of people don’t know…
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…
The national real estate firm Calkain specializes in net lease real estate, often called single tenant or NNN properties. Given their national base, they are able to collect a lot of great data on recent sales activity on these unique assets (like drug stores, banks, dollar stores, etc.). The most common barometer is of course…
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…
First, a disclaimer: I was born and raised in St. Petersburg and probably always have a certain bias to this interesting city. By Florida standards it is a very old city, dating way back to the late 1800’s, named by a Russian nobleman after the Russian city of the same name. What is interesting…
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…
Walter Keller buildings- Walter Keller was a one of the first and most influential architects of the early expansion years of Naples. From his offices on Third Street he designed many of the Third Street buildings and downtown Naples for Neapolitan Enterprises and other developers. Mr. Keller brought to fashion many elements of Bermudan and…