If you could get a 30% annual return on investment for the next 20 years and get all your money back in about three years, starting tomorrow, would you do it? Of course you would! But how? The answer: ditch all of the light bulbs in your house and replace them with LED bulbs. While…
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…
2014 and 2015 have been banner years for real estate transactions under the guise of 1031 tax deferred exchanges. With this strong performance the Washington politicians and the current administration alike have once again set their eyes on proposals to eliminate or put limits on exchanges. Politicians and governments in general see any form of…
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…
We’re so excited to announce that the McCorkle team brought on a new team member. Her name is Lucy, she has a degree in animal behavior from University of Georgia (the BullDOGS). She is in charge of client relations, office morale, and being distracting in the best way possible. She’s young, but she show’s great…
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…
8 most over-used terms (and biggest fabrications) in commercial real estate! “trophy” property – since when did a Taco Bell or Wendy’s become a trophy property! “irreplaceable real estate” – that’s a pretty high standard for a gas station site! “location location location” – please, never use those words together like that! “once in a…