Commercial Real Estate News for Wednesday May 2

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.

Follow the property? New housing, commercial real estate bump could signal upturn for San Pedro 

The refurbished historic Arcade Building at 479 W. Sixth St. closed escrow this week for close to the $2.9 million asking price. It had been on the market only since mid-March. The Harbor Area buyers have a love for the art deco period of architecture and decor, according to the real estate agent involved in the sale.

New rule exempts low-cost commercial property from appraisals

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.

Commercial real estate evolving on a daily basis

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.

10 Must Reads for the CRE Industry Today (May 2, 2018)

Catch up on the latest must reads in CRE!

Small Balance CRE Borrowers Find Open Doors

As capital markets have become increasingly crowded, competition to place capital is pushing some lenders to reach down and do smaller balance loans.

Retail’s Ruinous Run

The struggles the sector faces show no sign of abating, according to exclusive NREI research.

Mall Owners and Retailers Clash Over Avalanche of Online Returns

David Simon, chief executive officer of Simon Property Group Inc., says a “significant number” of tenants are underreporting sales.

Here at myNOI.com our team researches daily to find you the most important commercial real estate news!