Category: News

CRE Problems

CRE problems

It often takes a professional juggler to keep all the aspects of a commercial real estate transaction together! As you look at CRE transactions, here are some areas that affect CREs:   Availability of Data—Data, the accuracy of that data, and the availability of the most up to date data is vital to the success …

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IL Route 53 Expansion

IL Route 53 Expansion

After four years of work by a group of businesses, government, and environmental leaders in Lake County, there is finally some forward movement for the IL Route 53/120 project. On December 17, 2016, the Illinois Toll Highway Authority Board unanimously approved a resolution authorizing an EIS for the project. The EIS process will study alignment …

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SBA 504 Loans

sea 504 loans

If you are a small business owner looking to obtain financing do not look past a 504 loan. Why? There are a number of advantages but here are a few of the top reasons: easier to secure SBA 504 loan financing versus conventional CRE loans SBA 504 loans are designed to finance TOTAL project costs …

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How Do Interest Rates Affect Property Value?

Does an increase in interest rates affect property value? Investors fear that the normalizing of interest rates will result in increasing the cap rates and declining property values. Although the relationship exists, the problem is that it is more complex and typically other factors come into play. Cap rates are influenced not only by interest …

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Positive Trends in Leasing

In general Leasing Trends are showing positive results across the board in virtually all markets. There has been an especially strong run on Industrial Property for lease which is evidenced by reduced vacany rates down to single digits and as low as 4% range around O’Hare/I90 Corridor. Chicago proper has been on fire with Multi-Family, …

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Top Office Vacancy Hits Single Digits

CHICAGO—Landlords of the thirty newest class A office buildings in downtown Chicago saw the direct vacancy rates for their properties decline over the last quarter from 10.8% to 9.9%, and the overall direct vacancy rate for the CBD sank by 30 bps, to 13.2%, according to the latest market index report published by MBRE. It …

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Do you build Condos or Rentals?

Interesting article considering many towns people think and ask about condos going into some of the downtown areas in need of redevelopment. However as this article states, one of the challenges with a new condo project is funding since most lenders will not allow the developer to move forward until they have 50% sold and …

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Industrials Expected To Soar!

Cushman & Wakefield forcasts big time growth in the Industrial segment through 2015, main cause businesses are hiring again, and the growth of the online segment. We have been reading about this for years yet it now seems not only are consumers buying more on line goods, they are demanding faster delivery times. Retailers find …

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$8.8 Million for a Chicago Parking Lot

No one pays that kind of money for parking yet a developer in Chicago feels this is a good long term move and will use for parking for the “foreseeable future”. However it is a one example of looking at what could be vs what is there today and how the Investment Community Pros view …

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Big Mistakes to avoid Investing in CRE

Here is a list of 25 possible mis-steps when you are considering investments in commercial real estate. How about number one, buying properties with low cap rates, seems like a no brainer, however, when you are buying a property that has an existing 10+ year lease and established tenant(s), low cap rates still trump CD …

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