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…
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Every year the leading national commercial real estate data research firm CoStar culls through its vast data and selects the top commercial real estate deal makers and awards them with their coveted “Power Broker” designation. They again selected Dougall McCorkle, along with a very select few other professionals, as being the Southwest Florida’s best for…
Land is no longer a “four letter word” in the world of real estate lingo. Ever since the last economic tailspin holding land (or maybe worse: lending on land) was a painful endeavor. In the Naples market, where I concentrate much of my time and efforts, there is a very significant lack of…
The biggest turn-around story in the Southwest Florida commercial real estate market has to be the industrial market. Driving through the industrial parks off of Pine Ridge Road or Airport Road in Naples 3 or 4 years ago would have painted a pretty bleak picture. Seemingly half the buildings were vacant and available for lease…
The office market, particularly the higher quality Class A office market, in Southwest Florida finally started to come alive in 2013 with a net absorption of 142,595 square feet in Southwest Florida. Collier County was the outright leader of the tri-county area, taking a commanding 85% of that total. The lesser quality Class B and…
The evolution of retail and retailers is inevitable. As consumer’s tastes change and technology continues to force change, the revolving door of retailer names keeps rotating. Those changes have never been so rapid as they are right now. Remember the days when every shopping center included the likes of video store, travel agent, or a…
Rather than tear down or cover up what was once grand and luxurious, these buildings were given a new lease on life. Neither for the lack of available retail space, funding, or just to keep that old charm around a little longer, these new tenants preserved a large majority what was great then and still is today for their guests to…
In this installment of Unique Commercial, we showcase projects that ended up being abandoned due to poor conception. New South China Mall – Dongguan, China Ryugyong Hotel – Pyongyang, North Korea Wonderland – Chenzhuang, China Sitges Terramar – Catalonia, Spain Ciudad Real International Airport – Ciudad Real, Spain Sanzhi Pod…