|
| |
CBA; Commercial Broker's Association - 02/19/10 09:10 PM
Stay tuned commercial realtors in SW Washington. Vi Mallone, Education Coordinator for, just called and left me a message. Vi said CBA wants to sponsor a couple of commercial classes for our area. This is great news, knowing we can get quality commercial classes for realtors doing commercial deals in Washington. The classes will have clock hour approval for our Washington license requirements. As soon as I coordinate with Vi, we'll get the word out on the specifics of the classes; what, where, when, how any hours, etc.
… (0 comments)
|
Green Lease Seminar - 02/18/10 07:59 AM
CAR (Commercial Association of Realtors of Oregon and SW Washington is providing a seminar on Green Leases at the MAC in Portland today. The event is being hosted by Ball Janik LLP. The following is taken from the CAR website on the seminar:
First, the "green" buildings were the buzz. Now, the buzz is moving to include "green" leases. Now that green leasing is beginning to go mainstream, the Commercial Association of Realtors is putting on education program to help explain:
1. What is a Green Lease?
2. What can Landlords do to existing buildings to attract tenants with a Green Lease?
… (0 comments)
|
Commercial Green Lease Addendum - 02/14/10 05:21 PM
I recently completed my 2nd term as a Board Member for CAR; Commercial Association of Realtors of Oregon and Southwest Washington. I continue to serve on the FORMS Committee where as a committee we develop commercial forms as required and reviews current forms to ensure compliance with real estate law and practice. The committee is a blend of real estate attorneys and commercial real estate brokers. Our current task is to develop a green lease addendum for commercial leases. This addendum, once approved by the CAR Board, will provide an initial platform for landlords and tenants to communicate and agree on practices that will … (1 comments)
|
Commercial Loans - 02/13/10 11:24 PM
Fixed residential financing typically is amortized over 30 years, with a fixed interest rate and free of a balloon payment. Conversely, most commercial real estate loans are amortized over 25 or 30 years and the term is usually no longer than 10 years. Therefore, the commercial loans will need to be refinanced at the end of the term. With refinance looming, a high percentage of commercial loans will not meet the bank's standards for new financing. This is due to softening capitalization rates, landlords forced to lower lease rates for fear of loosing tenants permanently, and a decrease in rental income as a result of increasing … (1 comments)
|
WSJ: TARP Panel on Small Banks - 02/11/10 08:37 PM
Today's Wall Street Journal ran an article by Carrick Mollenkamp and Maurice Tamman: TARP Panel; Small Banks are Facing Loan Woes. A Congressional Inquiry concluded that nearly 3,000 small banks could be forced to dramatically curtail lending because of losses on commercial real estate loans. Elizabeth Warren, a law professor of Harvard University states, "The banks that are on the front lines of small-business lending are about to get hit by a tidal wave of commercial loan failures." So what does this mean for the average small business owner should their bank fail? We only have to look at the failure of … (0 comments)
|
Commercial Leasing Activity is Picking Up - 02/10/10 08:10 PM
We have seen an upswing in the Clark County market with commercial leasing activity since the first of the year. Tenants are looking for new space or they are expanding and need additional space. Great news as landlords look to increase their occupancy rate and increase their cashflow. If you have a client looking for space give us a call. Its a tenant's market right now and there are sweet deals to be made.
… (1 comments)
|
Clark County Schools Passing Levies - 02/10/10 12:33 AM
It looks like the operating levies throughout Clark County are all passing. As of 10:00 P.M. Tuesday evening, The Columbian reported that each school district in the county was on their way to passing. While none of us want an increase in our property taxes, failure would be devastating to the districts as they identified projected cutbacks. As Clark County residents, we take pride in the education our youngsters receive here in our local schools. As realtors, we hear the benfits offered by our schools from families moving from across the Columbia.
… (0 comments)
|
If you're not on the phone..... - 02/08/10 08:46 AM
If you're not on the phone, you're unemployeed. That's my statement when asked by friends that are salaried or work for an hourly wage on what its like being in real estate. As commercial real estate brokers, our KW Commercial team knows the importance of talking with clients, potential clients or people who can provide referrals. Can we provide service and bring more value to a client's needs? They don't know unless we have an opportunity to demonstrate how we can add value to their current needs.
… (2 comments)
|
Who Dat? - 02/07/10 10:32 PM
Superbowl XLIV is in the books; New Orleans Saints 31, Indianapolis Colts 17. As I reflect on the game, I can't help but think of the end of the 1st Quarter with the Colts ahead 10 - 0. Payton Manning had just put on a clinic in dissecting the Saint's defense. The start of the 2nd quarter for the Saints reminded me of a comment I heard from Gary Keller, co-founder of Keller Williams Real Estate, made on his trip to Portland this past spring. Gary told an auditorium of real estate agents that because of the economic conditions in real estate, the … (1 comments)
|
Commercial Financing - 02/07/10 04:12 PM
With the change in market conditions, traditional financing has gone by the wayside. My direct conversations with local banks reveals none of our local banks are ready or capable to step up to the plate to offer local financing to local developers. We have even had difficulty in finding small dollars for tenant improvements & typical start up costs for small businesses. A few of the larger banks like U.S. Bank, Keybank and Wells Fargo are at least willing to have the conversation. Certainly we want prudance in providing financing, but the pendalum has swung too far. The economy seems to be in the dilema … (0 comments)
|
Need a Commercial BPO? - 02/07/10 03:06 AM
Do you need a commercial Broker Price Opinion? I just returned from San Diego and took 2 days of classes offered by CREOBA on writing commercial BPO's and marketing commercial REO's. CREOBA stands for Commercial REO Broker's Association. The instructors managed small and large commercial assets representing in excess of a billion dollars in commercial property. Reports are thorough, detailed with supporting evidence and timely.
… (2 comments)
|
NOLA - 02/07/10 02:54 AM
Today's Superbowl has special meaning to me because the Saints are playing. Am I a Saint's fan? Hardly, but like many, its easy for me to root for the underdog. Considering they have never played in the Big Game, I consider them an underdog. Plus, the area has battled back from Katrina. But I thought this was a real estate site? Oh right, so how does the Superbowl and the Saints play into real estate? Several years ago, I presented a small retail center to a client on a 1031 exchange. It was located in Harvey, Louisiana, a suburb of New Orleans. It was … (0 comments)
|
Today's Market - 02/07/10 02:29 AM
Today I had a great opportunity to meet a very nice family here in Vancouver. The family's residential agent asked me to create a BPO for her client's commercial property. I applaud her for putting her client's interest above her desire to have a 7 figure listing with no realistic hope of selling it at her guesstimate of value. Like many commercial property owners, they anticipated the property value had been negatively impacted by the market but were indeed shocked by how far the value had suffered. While the message was not what they wanted to hear, they seemed thankful for the honesty in my approach. After showing … (1 comments)
|
|
|
|
Joe Sosky, Commercial Real Estate Broker (360-816-9652)
Vancouver,
WA
More about me…
KW Commercial
Address: 915 Broadway #100, Vancouver, WA, 98660
Office Phone: (360) 816-9652
Cell Phone: (360) 600-8379
Email Me
 Links
Archives
|
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
;)
;)
