NICAR NEWS

I am seeing tenants who are not suffering at all during the pandemic submit LOIs at a discounted rate - and my client (the landlord) is letting them walk. Also, learning how to use MySocial on CRECO.ai to auto-post properties on a rotation on social media pages -...

Problematic CRE returning - CMBS cumulative loan default rate for fixed-rate CMBS recently increased to 16.5% nearing the prior peak of 16.8% recorded in 2013. Hotels and retail are almost 30% by themselves. Is this a case of one person's troubles are another person's...

This week I have seen social media posts from some firms and spoken with clients who own different firms who are interested in expanding their brokerage practices. If anyone is considering a move to a different firm, let me know and I will gladly make confidential...

This week I attended some of the virtual online sessions at NAR's annual conference. Most interesting was economist Lawrence Yun, who forecast a 9% growth in residential transactions for 2021. This will certainly have an impact on commercial real estate as the housing...

I heard a phenomenal line of questioning from a business broker this morning on a virtual networking call: What have you learned this year that you can package and sell? Are there services and insight that you provide that can be assembled as a specific product...

If you didn't attend this week's West region broker breakfast, you missed a great one! Kim Miller from Loberg Construction explained the increased construction costs that the market is experiencing - most of which are tied to labor and materials shortages. This is an...

If you have restaurants that you work with who are considering who are inclined to remain open in defiance of the Governor’s order, they can consider sending this letter: https://theserviceindustry.us/pritzker-letter/Closings remain steady as investors seem to wait on...

I am seeing a steady increase of properties being marketed on LinkedIn - this is a great forum and if you are not using it, you should! We are experiencing some good traction with residential (apartment) marketing through Facebook advertising and are running some...

Be aware that the challenges facing the urban core have an extended timeline as more and more corporations have announced that the earliest their employees are coming back into the office is summer of 2021, pushing back the initial goal of January 2021I talked to a...