Valuation Methods in Commercial Real Estate: One of the most common yardsticks used in commercial real estate investments is the “cap rate”, which is a shortening of “capitalization rate”. Simply put a cap rate is the basic yield that a property provides to an investor in relation to the value or purchase price of the…
Big Deals in Naples Notable 2012 Commercial Sales and Leasing Transactions The year 2012 saw several important commercial real estate transactions in Collier County (Naples), including the sale of the largest office building in the market, to several other important office and retail properties. See the list below of the top sales transactions in Collier…
Southwest Florida Commercial Real Estate Forecast – 2013 Steady As She Goes Two or three years ago there was serious doubt as to whether the real estate scene in Florida would ever recover from the Great Recession. For many players in the retail and investment sectors, Florida was the “F” word that should be avoided…
Major Naples Office Building Sold The Premier Commercial team of real estate experts including Dougall McCorkle, Andrew DeSalvo and Matt Stepan along with Gary Jaarda represented the Buyer in the recent purchase of the $50 million Fifth Third Center in Naples, Florida. The building is Naples’ largest office building and includes 161,000 square feet of Class A office space.…
CAN LEVERAGE ACTUALLY BE THE MORE CONSERVATIVE APPROACH TO REAL ESTATE INVESTING? I would suggest that maybe a realistic level of debt may actually be a more conservative approach in real estate valuations today. I’m not suggesting that one loads up with 80% financing or a paltry debt service coverage of 110% or so, but what I would…
Major Office Lease Negotiated Dougall McCorkle of Premier Commercial Inc. represented Compass Property Management in a recent office transaction for over 11,000 square feet in the Regions Bank Building in Naples, Florida. Compass will occupy the entire fourth floor of this 50,000 square foot Class A office building. Compass provides property management services to major residential communities throughout Southwest Florida.…
Naples Offices for Lease – Mercato nears full occcupancy The Mercato, a 500,000 square foot mixed use project recently signed two new office leases bringing the office component of the project to more than 90% occupancy. Dougall McCorkle of Premier Commercial Inc. of Naples, Florida represented the landlord in two new office leases including a 7,035…
Better than corporate bonds? Buying an investment grade corporate bond certainly sounds like a sound investment, but is it really in light of the financial crisis we just endured? Many companies didn’t survive and when that happens your corporate bond is as worthless as the paper its printed on. The only guarantee that you have…
Why Use a Tenant Representative? If you are a busy professional, whether an attorney, financial advisor, or corporate head, does it really make sense to take away from your income producing activities or other job responsibilities to spend hours and hours trying to solve your real estate spaces needs when you can engage the services of a…
NEW OFFICE CONCEPT COMING TO NAPLES When local business man David Diamond, one of the principals of Naples based general contractor DeAngelis Diamond Construction, came to me to pitch the idea of his “Venture X” I knew he was on to something big. No, Venture X doesn’t have anything to do with other business with multiple X’s…