Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to five stories that caught our eyes in recent days.
• Riding the Wave: How the Loan Maturities Wave Will Affect Retailers and Retail Owners in 2015 by Patrick Ward for Shopping Center Business.
Key excerpt:
“From the capital side, we have already seen increased allocations from portfolio lenders year over year, and we recognize that the CMBS market is both stable and attractive. Based on these factors, we expect an ample supply of capital to meet the increased demand for the loans set to mature in 2015 and 2016.”
• Recent Cases Affirm Tax-Exempt Status of Intangible Value by Norm Bruns, Esq., and Michelle DeLappe, Esq. for National Real Estate Investor.
Key excerpt:
“Whether a business is a seniors housing facility, a racetrack or other service-oriented operation—or even a manufacturing plant—part of the business’ value may be intangible and exempt from property tax. Recent court cases underscore this critical premise and provide valuable reference points for taxpayers struggling against unfair tax practices.”
• Struggling Renters Want to Own, But Will Remain Tenants for Years by Michael Gerrity of World Property Journal.
Key excerpt:
“‘It's no secret that for the last several years, consumers have felt more strapped financially, particularly renters,’ said David Brickman, executive vice president of Freddie Mac Multifamily. ‘Many renters are not buying homes because of a perceived lack of ability to afford the down payment or mortgage and poor credit history. But there also is a segment of renters who simply do not want the responsibilities of owning a home.’”
• 20 Simple Rules for Success in Commercial Real Estate by Robert Knakal for Commercial Observer.
Key excerpt:
“The brokerage business is a marathon and not a sprint. Don’t let short-term objectives get in the way of maintaining relationships with your clients in the manner in which they should be. If you have a long-term perspective you will always act in the client’s best interest.”
• Green Real Estate Trends by Tara Campbell of Huffington Post.
Key excerpt:
“Corporations are making the environmental responsibility shift much quicker than their residential counterparts when it comes to real estate. It seems that smaller projects use the theory that they have less room to justify the upfront costs and often question the potential of the ROI. Calculating ROI and communicating the benefits of green building is essential. This only further proves how necessary it is to have agents with green real estate designations who are able to explain the value and benefits of green homes and properties. It's only a matter of time before building legislation and growing expectations will affect ROI on personal or commercial real estate.”