Real Estate | Building Engines
Building Engines Blog | Real Estate
We are excited to announce that BEI Senior Vice President, Scott Sidman, will be speaking at the NAI Property Management Council Fall Conference on Wednesday, September 11, 2013 at the Eden Roc Hotel in Miami, FL. Sidman will be discussing mobility and “big data,” and how property managers can maximize these two technology trends to improve service delivery and operational performance.
Growth in several key industries is helping the commercial real estate market bounce back quickly, but the additional activity could make it difficult for buyers to secure the properties they want.
The commercial real estate market is showing improvement in most markets, but the slow economic growth has limited the ability of companies to add jobs.
Construction spending is rising, indicating higher demand for new buildings and low interest rates are attracting new investors. Improvements can be found in every sector of the industry, from residential to commercial.
I like to blog about CRE. If I didn’t like to write (read: ramble, rant and rave) about building operations, property management and the state of the industry, you wouldn’t be reading this post right now. Besides enjoying the click-clack of the keyboard and the progression of thought to tangible type, I blog for another reason – because it’s advantageous. I’m a blogger with benefits.
There are always property managers who are more concerned with attracting tenants than retaining them. The only good thing that comes out of that is some fodder for real estate jokes. We found this one from Kensington Realty Advisors devilishly funny:
We were very pleased this week to announce our new partnership with eSight Energy! eSight Energy is the creator of eSight, the world’s most sophisticated and comprehensive energy management suite. Utilizing 100% web-enabled technology, eSight offers an extensive range of techniques for analyzing energy usage and targeting sites for significant energy and cost savings. This partnership will […]
Your real estate management business can learn a lot from a cat. We all know about a cat’s innate ability to always…. always land on its feet, but do we know how a cat does it? Here’s how: It starts at the head. Utilizing its inner ear, a cat first orients itself to the ground. […]
In fishing they call it a feeding frenzy. It usually starts when a ball of bait fish get caught in predator-made whirlpool – a tuna swirl. Instinctively, they ball up to mimic a bigger fish, hoping to stave off predators. Then it happens – one tuna strikes, then another and another until blood colors the […]
Thought is integral to success. The old adage “think before you act” isn’t a simplistic prescription for avoiding disaster, it’s a deliberate prescription for success. Imagine success in advance by thinking through each detail and every milestone of your plan for achieving it. Discipline your mind to foresee the obvious and hidden pitfalls before taking […]
You hear it all the time? “real estate will recover once property fundamentals improve,” or “property fundamentals continue to reach for the bottom.” So what are “property fundamentals” and why do they matter so much to market recovery. The following is an admittedly simplified explanation. Let’s start with some definitions: Occupancy Rates: This number represents […]
There is a sudden spate of financing going on in the real estate space. Bank of America Corp. (BofA) is leading the way underwriting stock offerings by private commercial real estate firms. 2010 is projected to be a banner year for initial public offerings undertaken by troubled private Real Estate Investment Trusts seeking to find […]
During this interim November election, I came to the realization that new beginnings start with new leadership. The nature of the “great unwashed” is that when things get tough and stay tough for a long time, the masses wait around for CHANGE. With change comes the inertia of a renewed sense of purposes and a chance for […]
Economies plunge. Clients cancel. Jobs disappear. Debts accumulate. Organizations contract. Tenants shrink. Cubes empty. Owners worry. Managers panic. Space gets spacious. Buildings remain. Maintenance awaits. Expenses loiter. Costs get costlier. Tenants demand. Inflation looms. Oil prices rise, then fall, then rise, then RISE! Transactions slow. Cap rates contract. Light bulbs go off. Managers manage. Engineers […]
We know the bad news – that there is decreasing demand for commercial office space, caused by an economic recession stemming from significant job losses, a historic decline in consumer spending, a global slowdown in import and export activity, and the collapse of the residential housing market. The good news is that there is a […]