Good morning, MyNOI’rs. Enjoy these three articles on the top commercial real estate sales of 2016, the market outlook for 2017 and a list of essential people on your real estate team.
BizJournals highlights the 11 largest commercial real estate sales of 2016. There are the expected large retail lots and medical offices, but surprisingly, charter schools make the list—twice!
The National Association of Realtors is optimistic about commercial real estate in 2017. Retail property vacancies are expected to lower by 0.2 percent, while personal incomes and consumer spending rise.
A very brief breakdown on the roles you should have filled on your commercial real estate team. An even shorter breakdown: a commercial broker, a mortgage broker, a lawyer and an accountant.