In Wednesday’s commercial real estate news – we’ll give you a look at the 7 traits that make for a successful commercial real estate partnerships, the new rule that exempts low-cost property from appraisals, how commercial real estate continues to evolve, and so much more.
Seven traits for successful commercial real estate partnerships: Brokers, buyers and sellers – by Ron Koenigsberg
The most successful deals in commercial real estate, be it buying or selling, boil down to the relationship between client and broker. Typically, the stronger and more trustworthy the relationship is, the smoother the transaction goes.
The new rule, which has been signed off by the Federal Reserve Board, Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency, doubles the price threshold for commercial real estate transactions that need an independent appraisal.
According to David Leb, sales associate at Cushman & Wakefield | CRESCO Real Estate in Independence, and Scott Simon, president of North Pointe Realty in Mayfield Heights, the market can change for a number of reasons.
Catch up on the latest must reads in CRE!
As capital markets have become increasingly crowded, competition to place capital is pushing some lenders to reach down and do smaller balance loans.
The struggles the sector faces show no sign of abating, according to exclusive NREI research.
David Simon, chief executive officer of Simon Property Group Inc., says a “significant number” of tenants are underreporting sales.