Those heady days when real estate investment trusts seemed to be gobbling up every apartment building, office complex, and retail center in sight have become a distant memory since their stock prices plunged last year. But that hasn’t stopped practitioners from working on a steady stream of REIT deals.
Real estate practitioners aren’t required to be environmental experts. Still, familiarity with environmental issues could help you facilitate a sale, limit liability for the parties, and establish a reputation for thoroughness and dependability.
No matter how quickly globalization accelerates, real estate transactions will always be local in nature. The buyer, the seller, the landlord, or the tenant will always want someone with local real estate knowledge involved in the deal.
International real estate used to be the exclusive domain of multinational corporations and fabulously wealthy people. But today, even if you don’t fit into either of those categories, technology and the global economy make it possible for you to enter the international commercial and investment real estate arena.
There's no credit crunch if you want to buy or build multifamily housing, experts say. But to get the financing, you must show a clear market for the housing and have the financial wherewithal to do the deal without having to overleverage the project.
One of the most conspicuous trends in commercial real estate is consolidation of real estate services. Why has a business that has traditionally been fragmented, localized, and entrepreneurial undergone such a profound change?
Shopping mall owners and developers must meet the demands of the time-crunched, value-oriented consumer or be prepared for the industry's growth to stumble, according to Wall Street analysts at the annual convention of the International Council of Shopping Centers.
With assets exceeding $120 billion, real estate investment trusts (REITs) are emerging as a dominant force in the commercial market. And they're changing the way real estate investment is regarded on Wall Street and Main Street.
Today, we're told, more than 20 million American employees work out of their home offices. That's enough to dismay any commercial broker. After all, the teleworking trend could translate into a significant decrease in the need for commercial office space.
Coldwell Banker Commercial will compete with CB Commercial, formed in 1989 when Coldwell Banker's former owner, Sears Roebuck and Co., Hoffman Estates, Ill., sold off its commercial practice. But the folks at CB Commercial say they're not planning a name change anytime soon.