Videos added by Crexi
20 videos found
The Crexi Podcast’s latest episode features Laura Dietzel, Partner at RSM US LLP, discussing hospitality’s long and transformative road to recovery.
The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi’s Ryan Schlesinger sits with Laura to discuss the impact of COVID-19 on hospitality, how the industry has adapted to stay afloat amid closures and stalled travel, and what bright signs point to future recovery. Their wide-ranging conversation covers:
- We live in a society of wanderlust, and while older generations traveled for leisure, younger ones are also doing so for work requirements and more reasons. Airbnb’s success amid the pandemic supports the resilience of the travel industry.
- Hotels are doing anything and everything they can to ensure that they're driving occupancy opportunities, whether it's partnering with universities in the area to provide student housing or partnering with hospitals to spread out the patients recovering from coronavirus.
- In terms of hotel valuations, ultimately, the bid-ask gap isn't as wide as it was in the early days of the pandemic. Now, hotel buyers have more information regarding vaccine rollout and how to adapt operations. Public transactions are less common, but the market is still seeing private or lender-facilitated deals for off-market hospitality properties.
-Interestingly, bigger assets are trading at a higher volume than smaller boutique hospitality assets.
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About Laura Dietzel:
Laura specializes in providing real estate audit and consulting matters for privately held companies and private equity funds specializing in real estate. Since joining RSM, she has worked with commercial, residential, retail, hotels and real estate opportunity funds, as well as performed due diligence services for real estate funds and various lenders in the real estate conduit markets.
Laura has over fifteen years of experience in real estate and public accounting, and has developed and presented multiple continuing education courses in the real estate industry. In 2018, she was selected as a senior analyst in RSM’s cutting edge Industry Eminence Program, which positions its senior analysts to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. Laura’s analysis and research on the real estate markets have been routinely published and shared in the media.
Crexi | Date Uploaded: April 30, 2021
| Date Created: | Commercial Properties for Sale, Economics/Market Reports/Research, Events / Webinars
| Hospitality
| ALL
Crexi’s Intelligence subscription provides access to our entire database of Sales Comparables, Market Reports, analytics and demographics in the Insights tab, and our new tool to research CRE trends - the Data Center.
Intelligence helps brokers, sellers, and buyers make more informed decisions when buying and selling commercial real estate. The tools included in an Intelligence subscription enable subscribers to better evaluate properties and markets for current and future transactions.
Subscribe for Intelligence here: https://go.crexi.com/intelligence/
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About Crexi:
Crexi is CRE’s fastest-growing marketplace, advanced technology, and data platform dedicated to supporting the CRE industry and its stakeholders. From searching for properties to sending offers, our easy-to-use platform is designed to help buyers, tenants, and brokers to connect and close deals faster than ever. With millions of users and trillions in property value, Crexi is your solution for CRE success.
Crexi | Date Uploaded: April 30, 2021
| Date Created: | Commercial Properties for Sale, Brokerage, Technology / Proptech, Marketing/PR
| ALL
| ALL
From March 31. 2021, This Crexi Podcast’s episode features Paul Yazbeck and Jon Krebbs of The Multifamily Group discussing Texas’ multifamily market.
The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi’s Yannis Papadakis sits with Paul and Jon to deep-dive into the state of multifamily commercial real estate in various Texas markets. Their wide-ranging conversation covers:
- How the fundamentals of the multifamily asset class have boosted its desirability to buyers in recent years.
- Underwriting trends and the rise of assumption deals in Class B and Class C multifamily properties.
- A city-by-city overview of Texas’ multifamily investment prospects per cap rate trends, population movements, and each jurisdiction’s business- and CRE-friendly local policies.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Visit The Crexi Podcast to get the latest episodes:
https://go.crexi.com/podcast/
Crexi | Date Uploaded: April 30, 2021
| Date Created: | Residential Properties for Lease, Economics/Market Reports/Research, Events / Webinars
| Multifamily
| TEXAS
The Crexi Podcast’s very first episode features Wendy Mann, CEO of CREW Network, discussing fostering diversity in commercial real estate.
The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi’s Ashley Kobovitch sits with Wendy to deep-dive into the current state of DEI in commercial real estate as well as what’s happening to and within the industry in a post-COVID world. Their wide-ranging conversation covers:
- What CREW Network members have observed occurring across different asset classes throughout the pandemic.
- Actionable steps companies can take to drive diversity and equity within their organization.
- Successful methods of introducing new groups to the hidden world of commercial real estate and opening their eyes to the sector as a possible career path.
- How leaders in CRE can support and set up their teams for long-term growth and success.
- And much more!
Crexi | Date Uploaded: March 28, 2021
| Date Created: | Events / Webinars, ESG (Environmental, Social and Governance), Trade Groups
| ALL
| ALL
Filmed Jan 5, 2021. The Crexi team sat with DJ Johnston to discuss the advent of technology in commercial real estate. Tune in to discover how CREtech affects the broker and CRE investor experience.
As a Partner and Senior Managing Director at B6 Real Estate Advisors in NYC, DJ carries unique insight into CREtech and how Crexi helps his team thrive.
Technology is changing the CRE landscape by introducing buyers outside of local markets to more niche properties to which, otherwise, they previously would not have had access. On the other side, Crexi and CREtech empower brokers by simplifying every stage of the deal-making process. Crexi helps brokers increase their market exposure and offers a full suite of listing management, lead management, and marketing tools.
Crexi provides the B6 Real Estate Advisors and other CRE brokerages the competitive edge they need through the power of machine learning, data analysis, and CREtech. Click below to join Crexi and reach buyers and sellers with a few simple clicks.
Crexi | Date Uploaded: March 28, 2021
| Date Created: | Brokerage, Events / Webinars, Technology / Proptech
| ALL
| ALL
The Crexi team sat with Phil Voorhees to discuss how CRE Tech connects brokers and clients together on a national scale.
As a Vice Chairman at CBRE in Newport Beach, Phil carries unique insight into the evolving role of technology in commercial real estate and how CREXi helps his team thrive.
Through Crexi, brokers can easily optimize their listings for exposure and communicate with buyers. And with a 5-star customer service team, brokers and agents can harness a full suite of optimized, machine-learning powered commercial real estate tools and data insights.
Connect with the Crexi team to learn how CRE Tech can take your brokerage to the next level.
Crexi | Date Uploaded: January 13, 2021
| Date Created: | Brokerage, Technology / Proptech
| Retail
| CALIFORNIA
Our November 18th episode features Branson Blackburn and Matt Davis of Trinity REIS discussing the rising success of Dollar General and net leases.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of its top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Yannis Papadakis sits with Branson and Matt to discuss the rise of Dollar General and other net lease successes. The conversation ranges from the first appearance of discount stores, their resilience amid turbulent economic times, and how the Trinity REIS team has transacted more than 120 Dollar General assets in 2020. Some key takeaways include:
- Net lease assets have been steadily growing in popularity as investors largely move from assets that require management and attention to more hands-off options.
- COVID-19 has made commercial buyers more conscious: Dollar General is an attractive investment option because it weathered the storm in the early days of the pandemic.
- Dollar General leases have evolved over the last decade. They began as double net leases, where landlords were responsible for maintenance and lease terms were shorter. Today, Dollar Generals are opting for longer term, triple net leases. Longer-term leases are far more attractive to investors, particularly amid the pandemic.
- Dollar Generals in urban markets typically sell at lower cap rates, thanks to the promise of consumer demand. In more rural areas, too, cap rates are steadily compressing as more and more investors are attracted to Dollar General's lease structures.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Commercial Properties for Lease, Brokerage, Economics/Market Reports/Research, Events / Webinars, Tenant Concepts
| Retail
| ALL
Crexi is the world’s fastest-growing platform and marketplace for buying, selling, and leasing commercial real estate online.
Today, we operate most of our lives online. We order food, send mail, shop, take classes, build spreadsheets, manage our finances, and even run companies. Why should commercial real estate be any different?
CRE is complicated. Finding a fit takes time, deal negotiations are cumbersome, and your due diligence checklist is ten miles long. It could take months to strike a deal...until now.
Meet Crexi, your all-in-one commercial real estate platform designed to simplify and accelerate traditional CRE transactions. We connect buyers, brokers, and tenants nationwide to match them to the ideal property, no matter where they are.
- Browse through hundreds of thousands of properties, refine your search to find exactly what you’re looking for, and receive real-time alerts the second a match hits the market.
- With all these properties, we’ve got tons of data to share: millions of sales comps and dozens of MSA market reports all ready to help you make the best investment decisions.
- Crexi empowers brokers with a suite of marketing and listing management tools designed to maximize exposure and close deals faster.
- Our lead analytics, secure file storage, and due diligence manager shorten CRE transaction timelines from months into weeks, even days.
By simplifying, optimizing, and bringing commercial real estate into the digital age, Crexi creates an accessible, empowering industry for all.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Commercial Properties for Lease, Commercial Properties for Sale, Brokerage, Technology / Proptech, Marketing/PR
| ALL
| ALL
Our November 11th episode features Steven Silverman, SVP of Investment Advisory Services at Friedman Real Estate, discussing retail auctions.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of its top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crex's Bob Drury sits with Steven to discuss the current state of retail properties in auctions, how different properties are performing in auction settings generally, and how the shifting landscape of value in asset types and markets offers opportunities for discerning buyers. Some key takeaways include:
- While assets such as hospitality, malls, and junior big-box properties will likely hit the auction block in 2021, plenty of buyer liquidity will be waiting to acquire these assets and take advantage of these opportunities.
- Lenders are lending, and buyers are looking for retail assets, so activity is continuing in the retail auction space - far more so than following the 2008 market crash.
- Interestingly, there are far more single-tenant retail assets on the auction market than multi-tenant properties. Many of these multi-tenant buildings are still generating income, with about 85% rent collection across the board and owners choosing to delay any sale decisions.
- Some servicers are choosing to hit the market early with distressed assets in anticipation of attracting buyers to differentiate their properties from others as they appear on the auction market.
- The rise of commercial real estate technology is connecting buyers with sellers in the auction sphere nationwide, offering more investment opportunities than were possible before this tech existed.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Commercial Properties for Sale, Brokerage, Events / Webinars
| Retail
| ALL
Our October 28th episode features Brett Hatcher and Gabriel Coe of Marcus & Millichap's The Hatcher Group talking about self storage properties.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of its top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Matt Cors sits with Brett and Gabriel to discuss the fundamentals of self storage assets, where the trajectory of the sector is headed, and how COVID has impacted activity in the self storage industry. Some key takeaways include:
Since the Great Recession, self storage property types have seen a surge in investment interest that's only been accelerated by COVID-19's economic impact.
Self storage comes in Class A, B, and C properties, which refers to the asset's overall square footage and location.
Developers are more often opting to build Class A, larger self storage units with higher square footage. If the demand is high enough and the market isn't oversaturated, you're more likely to increase your cash flow.
When it comes to square footage, self storage is measured in rentable units instead of the overall size of the property. The units are what generate income for the property.
As the sale price for self storage properties has increased, so too have development costs for shovel-ready self storage development sites. Many buyers take advantage of redeveloping or adding square footage to existing buildings, but great deals are still available on the market for interested developers.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Commercial Properties for Lease, Commercial Properties for Sale, Brokerage, Economics/Market Reports/Research, Events / Webinars
| Industrial
| ALL
Our October 21st episode features Armond Aivazyan, Senior Associate at Marcus & Millichap, discussing the basics of a perfect net lease deal.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of its top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Yannis Papadakis sits with Armond to discuss the fundamentals of single, double, and triple net lease deals and what trends are happening in the market. Some key takeaways include:
Studying companies and their financial track records serves as a great informational resource for keeping tabs on the pulse of net leases deals in commercial real estate.
Single, double, and triple net leases vary in how much responsibility for building maintenance, taxes, and so on is shared between the landlord and the tenant.
In some instances, double net leases can have higher cap rates than triple net leases. This is due to landlords taking on extra responsibility to be compensated for their additional involvement. Conversely, most newer buildings end up being triple net leases because tenants are less worried about being responsible for repairs.
No two net leases are the same: it's crucial to have an attorney with you reading the language of a lease to catch any potential pitfalls.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Commercial Properties for Lease, Commercial Properties for Sale, Economics/Market Reports/Research, Events / Webinars
| Retail
| ALL
Our October 7th episode features Sean Sharko and Austin Weisenbeck of Marcus & Millichap to discuss how retail has adapted in a post-COVID market.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of its top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Steve Narish sits with Sean and Austin to discuss recent trends and promising markets where retail assets are proving most resilient. Some key takeaways include:
- Ecommerce was affecting retail's transformation long before the pandemic, while COVID accelerated those changes and pointed out successful and failing businesses in the retail industry.
- The majority of deals happening during lockdown have successfully been able to find financing, whereas compared to the GFC, there was no debt available to support transaction volume.
- General investor sentiment believes that COVID's impact on the economy is much more brief and temporary than the Great Recession. Lenders and landlords alike are giving relief, thanks to the financial flexibility that's still available.
- Larger retail owners are tailoring their assets towards more mixed-use and multifamily purposes, whereas smaller shopping centers are staying retail-focused.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Economics/Market Reports/Research, Events / Webinars
| Retail
| ALL
Our September 30th episode hosts Greg Margetich and Norman Dong of the National Federal Development Association on government commercial real estate.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of its top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Matt Cors sits with Greg and Norman to discuss the fundamentals of government commercial real estate investments and trends in the sector. Some key takeaways include:
From 2008 to the present day, the federal government has slowly focused on reducing and optimizing its spend on square footage. While needs per agency and local and state levels vary, this trend is likely to continue.
Financial crises correspond with an increase in government spending at the federal level, where more budget is allocated to departments equipped to handle the situation in question.
The pros of leasing to government clients are the security of income and long-term tenants, while cons include -- typically -- the onus on landlords to manage all property needs.
Amid COVID-19, the jury's still out on current and future government space requirements. Transaction volume has paused on the federal level, while local and state governments are tightening their belts to support their economies during current events.
Governments have a mix of 50:50 leased and owned commercial real estate assets. Courthouses and FBI buildings are likely to be tenant-owned, whereas call centers or more generalized function properties are more likely to be leased.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Brokerage, Economics/Market Reports/Research, Events / Webinars
| Industrial, Office
| ALL
Our September 23rd episode features Sean Lyons and Ryan Tobias of Triad Real Estate Partners discussing the state of the student housing market.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Yannis Papadakis sits with Sean and Ryan to cover all things happening in student housing, particularly amid back-to-school concerns with COVID-19. Some key takeaways include:
- While student housing has similarities to multifamily, the asset class follows very specific criteria depending on market location and institutional requirements.
- Student housing benefits from the parental guarantee of rent payments - students sign a lease with the owner with the parent as a cosigner, securing a reliable income stream for student housing investors.
- Post-COVID, many first-year students are taking a gap year, which affects typical enrollment levels though not nearly as drastically as anticipated. While on-campus dorms go offline, off-campus student housing is benefiting.
- Many upperclassmen students are electing to do remote learning from student housing properties versus moving back to their hometowns.
- While student housing has experienced overdevelopment in the last few years, the asset class will likely experience slight market correction before continuing to flourish as college enrollment levels increase.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Economics/Market Reports/Research, Events / Webinars
| Student Housing
| ALL
Our September 16th episode features some of the CRE's top note sale experts on navigating the current loan note landscape.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Mike DeGiorgio and Brandy Smith sit with Patrick Arangio of CBRE, Will Sledge of JLL, James Dunbar of Värde, Angela Gonzales of Trimont, and Nicholas Seidenberg of Eastdil Secured to discuss all things note sales. Some key takeaways include:
- In many cases, banks and financial institutions see the act of selling a note as preferable to taking a distressed property through the lengthy, reputationally risky process of commercial property foreclosures.
- Financial institutions examine note sales on a case-by-case basis to take action that will most help mitigate losses. However, not all note sales are of distressed assets — there are strategic reasons to transact loan notes for performing assets.
- There's currently a ferocious market of buyers waiting to take advantage of purchasing notes: capital-wise, both banks and investors are well-positioned to transact on properties while seeking the ideal opportunity.
- Some disadvantage property types, such as the hospitality industry, will see some exciting opportunities in terms of asset class performance, despite their current challenges.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Commercial Properties for Sale, Economics/Market Reports/Research, Events / Webinars, Lending / Finance
| ALL
| ALL
Our September 2nd episode invites back Brandon Hanna of Encore Real Estate Investment Services to discuss more CRE opportunities in the pharmacy market.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Yannis Papadakis sits with Brandon to discuss current trends, fundamentals, and the pharmacy market's potential trajectory. Some key takeaways include:
- Over the last ten years, drug stores and pharmacies have shifted focus from front end/back end operations to creating "wellness experiences" such as offering in-store clinics, adding higher value, branded items, and (like CVS) acquiring insurance companies.
- Pharmacies with features like a drive-thru pickup are staying ahead of the paradigm shift of consumer concerns of entering a drugstore.
- There's plenty of inventory on the pharmacy net lease market right now, and brokers who specialize in that asset type and research comps data can take advantage of the high demand levels in the space.
- Pharmacies are over a century old, and — as an essential business — they'll likely continue proving their resilience amid potential economic downturns. Current tenants are cooperating with landlords, extending leases and negotiating rent reductions: all things that should reassure investors that the businesses are here to stay.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Commercial Properties for Sale, Economics/Market Reports/Research, Events / Webinars
| Retail
| ALL
Our August 26th episode features Encore Real Estate Investment Services' founder Brandon Hanna discussing CRE opportunities in the pharmacy market.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Yannis Papadakis sits with Brandon to discuss current trends, fundamentals, and the potential trajectory of the pharmacy and investment market. Some key takeaways include:
- One fundamental of pharmacy net leases is the advantage their optimal location provides. These retail assets are typically at main-on-main locations with high volume points of ingress and egress, and plenty of parking -- all of which are elements that boost market desirability.
- Drive-thrus have become critical to pharmacy operations in current times, allowing for high-traffic sales volume to continue while protecting pharmacy shoppers' health and safety.
- Over the last ten years, drug stores and pharmacies have shifted focus from front end/back end operations to creating "wellness experiences" such as offering in-store clinics, adding higher value, branded items, and (like CVS) acquiring insurance companies.
- Mom and pop shop pharmacies are seeing more significant impact than national chains post-COVID, even though these larger brands are consolidating physical assets to stay ahead of consumer behavior shifts.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Commercial Properties for Sale, Economics/Market Reports/Research, Events / Webinars, Tenant Concepts
| Retail
| ALL
Our August 19th PRO Perspective features Cathy Jones, Michelle Hudson, and Patricia Loveall sharing their brokerage managing experience.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Kyla Dickman and Jessica LaRusso sit with Cathy, Michelle, and Patricia to discuss the ins and outs of starting, growing, and managing a brokerage. This female-led panel deep-dives into topics ranging from first-time broker advice to how to attract and hire the best talent for your firm. Some key takeaways include:
- New developments in CRE Tech have allowed smaller firms to compete on a more level playing field as larger brokerages.
- Over the years, the commercial real estate business has become more collaborative: your competition is also your friends and peers, and good relationships are among the most crucial aspects of your brokerage's business.
- An increase in data availability is becoming one of CRE's most powerful tools.
- Mentorship makes a considerable difference in the start of any broker's career. Mentors will provide you with opportunities, lessons, and a way to explore your strengths and define your values.
- When building your brokerage team, it's essential to bring together a diverse group with different skills and perspectives. A group with varying levels of expertise and backgrounds will allow your brokerage to provide higher overall transaction value to your clients.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 30, 2020
| Date Created: | Brokerage, Events / Webinars, Technology / Proptech
| ALL
| ALL
Our August 12th PRO Perspective features Adam Malan and Deana Marcello of LOGIC Commercial Real Estate discussing retail leasing in Las Vegas.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Bob Drury and Robert Anderson chat with Adam and Deano to cover the current state of retail net leases in Las Vegas and how things have changed since before the pandemic. The conversation ranges from trending submarkets, better performing retail types, and what retail buyers are looking for as Las Vegas slowly reopens. Some key takeaways include:
- While retail transaction volume has dropped off compared to year over year numbers, there are still plenty of transactions. Buyers are looking for distressed deals and 1031 exchange options (especially in the face of its potential removal).
- Not all retail assets are struggling: essential businesses like grocery stores see a healthy variety of confident buyers and some of the highest historical transaction volumes in June and July 2020.
- Plenty of dry powder sits on the sidelines, ready to pursue attractive retail transactions, particularly from buyer pools out of Southern California.
- Before COVID, single-tenant restaurants were highly desirable, whereas today, larger sit-down, indoor restaurants have been struggling with increasing cap rates. Those who had drive-thrus or could embrace to-go models and or delivery/take out methods recovered more quickly.
- Some existing retail tenants are taking advantage of opportunities to expand that otherwise would not have been possible pre-COVID.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 29, 2020
| Date Created: | Commercial Properties for Sale, Brokerage, Economics/Market Reports/Research, Events / Webinars
| Retail
| NEVADA
Our August 5th PRO Perspective features Branson Blackburn, Vincent Knipp, and Landan Dory to discuss Texas' current net lease market.
Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi's Kyla Dickman and Yannis Papadakis join Branson, Vincent, and Landan in a thorough examination of the Texas commercial real estate market, specifically in the realm of net leases. Some key conversational takeaways include:
- A large portion of buyers are out-of-state investors from Florida and California, those enamored with Texas' commercial real estate market and see it as a solid investment opportunity
- Texas-focused buyers pay close attention to cap rates, the fundamentals of particular assets, and available credit when determining options in urban, rural, secondary, and tertiary markets
- Cap rate compressions are more affected by the tenants themselves than where an asset is located, particularly amid COVID-19
- Texas' CRE market is still strong, thanks to its business-friendly regulations, high-ranking domestic population and migration, and massive GDP.
- As more people arrive in Texas, there's a higher demand for every asset class and type of business to support that growth.
Like this? Hop over to our blog to check out the latest CRE hot tips and insights:
https://www.crexi.com/insights
Crexi | Date Uploaded: December 29, 2020
| Date Created: | Commercial Properties for Sale, Economics/Market Reports/Research, Events / Webinars
| Industrial, Retail
| TEXAS