June is national PTSD (post-traumatic stress disorder) Awareness month and June 27th is National PTSD Awareness Day. While PTSD does not in any way effect only veterans, it does affect …
Although the ecommerce boom might seem like the savior of not only the real estate business, but also the many ancillary businesses that support it, the high demand for more …
In commercial real estate, we have all observed how changing demographics have forced companies to change their goals and aspirations.
The good earth has always been associated with wealth, and tales are legion of ancestral land left behind for generations. Of all assets humankind has known, land has proven the most enduring in value. Wars have been waged over land and its resources from time immemorial.
The trajectory of the industrial real estate market in New Jersey and in most port centric markets throughout the country, has continued to push to elevated heights. The path of least resistance is “up” both in terms of price and demand.
A little over a decade ago, brick and mortar retail space was the hottest market, with investors and users alike scratching and clawing their way into bidding wars for the elusive corner locations or store fronts on major highways.
New Jersey is a very difficult market in which to be an effective industrial real estate broker. Not only is there tremendous competition from other brokers, some landlords are pushing to do deals directly with users, and a lack of inventory compounds all the other issues we come across daily.
Historically speaking the summer months tend to slow down in the commercial real estate world as schools are closed, children are home and vacations become the priority.
As the demand for properties that permit outdoor storage continues to grow, the number of these sites in northern and central New Jersey continues to decline. We are now seeing prices at $12,000/AC/mo to as much as $15,000/AC/mo in some places.
We live in a connected world where customers are empowered more than ever with so many choices and so much information at their fingertips. In this rapidly evolving digital landscape, commercial real estate professionals need to be creative about how to engage and connect with their customers through a mix of technology and tried and true relationship building skills.
I met recently with Bob Lieb and Michael Seeve, managing partners of Mountain Development Corp. in Woodland Park. Bob was one of the original founders of the Wolff Samson law firm and a few years ago, Michael was president of NAIOP. I have known both for 25 years and find their knowledge of New Jersey real estate to be extremely valuable. Given this fact, I did a Q&A session with both Bob and Michael, which I am summarizing below.
Millions of dollars are being spent to make new and old warehouses suitable for cannabis cultivation around the country. Most business owners, investors, and commercial real estate brokers are aware of their use, but can New Jersey be missing out on a major economic opportunity because marijuana is not legal?
n the course of servicing our clients, we experience that at some time a few may consider relocating to other states. More often than not, the driver of the consideration …
“I think it’s essential to remember that just about everything is cyclical. There’s little I’m certain of, but these things are true: Cycles always prevail eventually. Nothing goes in one …
As we enter the first quarter of 2017, demand for commercial real estate continues its ascent to new heights, helping this cycle to be one of the best many have …