Northwest Indiana Business Magazine’s Post

This exemplifies one of the biggest challenges facing office building owners today - the difficulty in obtaining financing/refinancing. The squeeze on landlords is making projects hard to complete, from funding Tenant Improvements to build-to-suit endeavors like those for the #GSA. Low office demand, rising project costs, and a tough financing market create a vicious cycle in the #DC Office Market. The #SEC's planned relocation to #NoMa hit a roadblock as Douglas Development Corporation couldn't secure financing for a new construction project, despite a 15-year lease agreement with a high-credit tenant. #SIOR #CommercialRealEstate Bisnow #OfficeSpace Read more about it here:

Manchester | £2.9m Equity Ticket | 2.2x Equity Multiple | 29% Gross Margin Our client, a leading Manchester based developer, is seeking an equity investor to buy, renovate, lease and sell the asset. The deal can be structured as an acquisition or an equity loan for the equity investor. - Location: Northern Quarter, Manchester - Asset: Currently a 6 floor, vacant office - Business plan: Renovate the building to offer 6 full floor plate offices. The creative workspaces are underwritten at an NIA rent psqft of £27.67, below local comps. - Site cost: £2.9m - Capex: £5.3m (£145 per sqft) - Other: £540k - Total costs: £8.7m - GDV: £12.3m (6% capitalization rate) - Profit: £3.5m (pre finance) Suleman@roscap.co.uk for more details. #equity #manchester #commercialrealestate

Transaction Announcement: 6865 Century Avenue, Mississauga. 63,800 sf asset on 2.85 acres fronting HWY 401. Cushman & Wakefield is proud to announce the successful sale of 6865 Century Avenue to an end-user/investor client. This deal was a testament to the need for creativity in today's market. Initial discussions with ownership focused on maximizing value through a potential re-purposing of the asset to an alternative use. Given some zoning constraints, built form etc., we pivoted towards thinking of more "traditional" end-user buyers - all off-market. Collaboratively the team connected the dots and found the right group for the asset, but the fun didn't stop there. Throughout the transaction we had to navigate a few more hurdles: assumable financing vs. traditional, right-sizing of existing tenants, potential relocations, tenancy buy-outs and staggered occupancy of the user-buyer, landlords work schedule, tenant work schedule, permitting, demising and adjusting closing timelines. If you want to get deals done in today's market - expect all of the above, and probably then some. We thank both parties for their collaboration, creativity and perseverance on this transaction and congratulate the buyer on this strategic acquisition of a unique office asset with direct Hwy 401 exposure. For more information, please feel free to reach out to the team. Peter McGoey, Rich Burton Cushman & Wakefield Cushman & Wakefield National Capital Markets Group

July 2024 industrial and flex leases are in and we had 27 new leases signed in Alabama this past month (per CoStar Group). Smaller leases are still king right now with 18 of these leases being 5k SF or smaller. I expect this trend to continue through the election. My prediction -- post election, and regardless of who takes office, we'll see activity in the >20k SF spaces increase significantly. 𝐓𝐨 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐡𝐚𝐭 𝐚𝐫𝐞 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐬𝐨𝐦𝐞 𝐜𝐥𝐚𝐫𝐢𝐭𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐦𝐚𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐣𝐮𝐦𝐩 -- I would challenge you to reconsider waiting for the election to make a move. It is a tenant's market right now and you have pretty decent leverage over your future landlord if you move/sign a new lease soon. If activity picks up post election, you'll lose some of that leverage. Highlights below on July's leasing activity: • 27 new leases signed • We did see a couple large leases this month -- a 74k SF lease in Montgomery and a 112k SF lease in Birmingham • We're seeing a lot of rents that are >$10/SF in these smaller spaces. I think we're still in a price discovery mode and will continue to see rents push upwards on these spaces • Birmingham was the most active with 17 new leases. Huntsville saw 3 new leases and the gump (Montgomery) signing two. Mobile/Fairhope area was slow with only 1 new lease As always, our industrials team at JH Berry, CRE is happy to discuss all of your industrial and flex real estate needs. We have been very active on both a landlord and tenant/purchaser front over the past few months and would be happy to share with you what we're seeing and different successful strategies we've deployed. Call/email/text/write me a letter anytime Jbottcher@jhberry.com 205-873-5943

Introduction: Entering into a commercial real estate lease agreement is a significant milestone for both landlords and tenants. However, amidst the excitement of securing a space for business operations, it's crucial not to overlook the importance of thoroughly reviewing the lease agreement. #apartments #BisonFinancialGroup #commercialconstruction #commercialrealestatefinance #commercialrealestateinvestment #commercialrealestateloan #constructionloan #CRE #distressedrealestate #Florida #multifamily #residentialrealestate #retail #retailfinancing #selfstorage

Insights on leasing and ROI on CRE from Walt Batansky, CFO of Avocat Group Up overlooking beautiful Tampa Bay from the 41st floor in the Bank of America building. Brought to you by young executives luncheon. I’m always trying to keep my pulse on the CRE in greater Tampa Bay. Here are a few takeaways: ✅ Even in the Tampa market occupancy in office is drastically down. ✅ That there’s a big flight to Quality in the office Space. ✅ You need a partner on your side if you’re a tenant looking for a space. All real estate leases are written in favor of the landlord. Elevate Inc. The Tampa Club #paintblue #commercialpainting Brenna DeLong Matt Sultenfuss, SIOR

"Signing a commercial lease? It’s not just a signature—it’s a strategy." Whether you’re representing the landlord or the tenant, it’s a delicate balancing act. First, check the zoning. You don’t want to discover later that the business you’re planning isn’t allowed there. Next, negotiate smartly. Tenants want rent-free periods or allowances. Landlords aim to keep terms competitive without giving too much away. It’s all about finding that sweet spot. Finally, inspect the space. Bring in an expert early to avoid surprises later. Every lease has its challenges, but the right strategy makes all the difference. What’s your top tip for lease negotiations?

📢 Schedule of Condition Survey For An Industrial Property In Manchester Leasing an industrial unit can be a game-changer for businesses—but it comes with its challenges, especially when it comes to documenting the property's condition. Our latest blog shares how we provided a detailed Schedule of Condition for a large industrial unit in Manchester, ensuring peace of mind for both landlord and tenant. 🏭 🔍 What’s Inside the Blog: ✅ The importance of documenting pre-existing conditions ✅ How RICS-compliant reports protect landlords and tenants ✅ Real-world benefits, including reduced disputes and smooth lease agreements Whether you're a landlord looking to protect your investment or a tenant keen to avoid unexpected liabilities, a Schedule of Condition is essential. 👉 Read the full case study here: https://lnkd.in/ecgQwTwH 💬 Have questions about Schedules of Condition? Drop us a message or give is a call on 0333 043 9953 - we’re here to help! #ScheduleOfCondition #IndustrialUnits #ManchesterBusiness #CommercialProperty #Manchester #CommercialBuildingSurveyor

Good thoughts for rational businesses … But the Browns are not a rational business, and the City is not a rational landlord. … The Browns suck, as a team and as a net drain on the economy. They underestimated the region coming to grips with how dumb it is to give them a free stadium to play eight games a year. The Cavs and Guardians bring a lot of people downtown each dozens of times per year, and their stadiums are hosting other events on many other nights. They are a net positive to the economy. The Browns are not and never have been. Stay out of their sandbox was the echo, but don’t forget to maintain it for them as homage. Hubrice. I think the Browns came up with a phony move to Brookpark to leverage a new stadium, when the current twenty-five year old stadium is like new and just fine for them or women’s soccer or men’s soccer, etc., etc. No one is going to go to Brookpark to watch games, shop, or live. People don’t like the smell and sound of airports, but they put up for that to travel, but not for anything else. Everyone should get off pretending that anyone wants to breath airplane fumes or listen to them coming and going. The Haslams can fund that dumb idea on their own, and they can actually afford to lose $2.5BB on the if-come. The reality is that neither the City nor County have money, their tax receipts are declining, and they each have dozens of obligations and priorities ahead of anything more for the Browns. Now is the time to kick the Browns on the way out the door by explaining what the commercial lease will look like, if they want to renew the lease in 2028. Browns pay all operating and maintenance plus recoupment of all City/County/State dollars spent to date over ten years. That’s a fair lease, one they can afford, and they get ownership of the stadium at the end of the lease (but not the land). This would be far cheaper than what they propose to invest in Brook Park. When they ask for an extension of the current deal, the answer should be a hard no. No more subsidies for the vampire Browns. Just my view.