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Mixed-Use development projects migrating from the urban areas to the suburbs in Delaware

By Lorraine Sheldon, NAI Emory Hil

Oct 10, 2018

Mixed-Use development projects migrating from the urban areas to the suburbs in Delaware

Wikipedia’s Definition of Mixed-Use Development is a type of urban development that blends residential, commercial, cultural, institutional, or entertainment uses, where those functions are physically and functionally integrated, and that provides pedestrian connections. Mixed-use development can take the form of a single building, a city block, or entire neighborhoods. The term may also be used more specifically to refer to a mixed-use real estate development project—a build

Rising construction material prices present headwinds for real estate developers

Trade policy threatens to shorten current real

Oct 10, 2018

Rising construction material prices present headwinds for real estate developers

The U.S. real estate sector has enjoyed a long post-recession recovery with ample capital, cheap debt and strong fundamentals. Since the end of the Great Recession nearly a decade ago, these factors have driven a surge in construction. Homebuilders have doubled housing starts to 1.2 million since 2012, while developers during that time added 138 million square feet of new office space; 84 million more is expected by the end of 2019. Recent U.S. trade policies, however, have

EFC offers portfolio small balance commercial/mixed use products for first mortgage financing

Company brings unique underwriting approach to the

Oct 10, 2018

EFC offers portfolio small balance commercial/mixed use products for first mortgage financing

Emigrant Mortgage Company, Inc. through its affiliate, Emigrant Funding Corporation (“EFC”), offers portfolio (bank-owned) small balance commercial/mixed use products for first mortgage financing for most types of commercial real estate, including: multifamily apartment houses, mixed-use buildings, retail strips and office properties. As a subsidiary of Emigrant Bank, a 168-year-old New York savings institution, EFC is able to draw upon the vast resources of its parent to mak

A time for pause – and urgency

By William Procida, Procida Funding & Advisors

Oct 10, 2018

A time for pause – and urgency

Our country’s major cities are being overbuilt with too many high-rise residential condos and rentals at prices and absorption rates that can’t be sustained, while the urban and suburban affordable market is woefully underserved. The U.S. commercial real estate market has a classic oversupply issue driven by too much money chasing the same asset classes in the same place at the same time. It is very similar to skiing beautiful, fresh-powdered ski trails in the morning. In t

Philly Real Estate Has Gone Global… like everything else

By Marie Scarpulla

Oct 10, 2018

Philly Real Estate Has Gone Global… like everything else

Philadelphia is now officially on the books as a World Class City. In 2015, Philadelphia became the first World Heritage Site in the US. The population in Philadelphia continues to grow. New chef restaurants featuring international cuisines arrive every month. Philadelphia Magazine reports a record number of tourists visiting last year. The Eagles even won the SuperBowl for the first time in...ever. In addition, we see the number of international real estate transactions incr

Pittsburgh office market forecast

By Randall G. McCombs, SIOR

Oct 10, 2018

Pittsburgh office market forecast

Pittsburgh topped VentureBeat.com’s list of “Four U.S. Tech Hubs to Watch in 2018” and for good reason. Pittsburgh’s technology sector grew 12% over the past two years, ranking the region fourth largest among North America’s small tech markets with over 42,000 employees. This growth has increased demand for co-working spaces and pushed the renovation of more than 4.0 million s/f (msf) of office space by landlords looking to lure new tech tenants. The number of new constructi

Understanding the commercial
appraisal process (The three approaches)

By Carlo L. Batts, MAI, Rittenhouse Appraisals

Oct 10, 2018

Understanding the commercial appraisal process (The three approaches)

Many people are unfamiliar with the commercial appraisal/valuation process. The appraisal process is defined as "a systematic procedure employed to provide the answer to a client's question about the value of real property." Appraisals can be ordered at any given time to determine the current market value and a fair sales price for a property. The typical commercial real estate appraisal should take anywhere from 30 hours to 4 weeks once the work has been agreed to, resulting

Opportunity Zones: What you need to know

By Kathy Anderson, Progress Capital Advisors

Oct 10, 2018

Opportunity Zones: What you need to know

Buried deep within the new ‘2017 Tax Cuts and Jobs Act’ is a tax incentive for investment in qualified Opportunity Zones. This may be the single most significant wealth building opportunity for anyone realizing capital gains from the sale of real estate, stocks, bonds or even a business. Perhaps the equivalent of the 1031 exchange rules on steroids, it offers not only a tax deferral on the capital gain, but also a tax reduction and permanent tax exemption on the new investmen

The Art of Merchandising

By Richard Gacek, Gacek Design Group

Oct 9, 2018

The Art of Merchandising

What is Merchandising? Merriam - Webster defines merchandising as: “the activity of trying to sell goods or services by advertising them or displaying them attractively; to display those products in such a way that it draws so much interest and appeal from consumers, that they make a purchase.” Today, capturing the attention of your target audience and standing out from your competition is challenging. You need a merchandising strategy. Define the Space. For a commercial

The healthy growing pains of a market in transition

By Jeffrey J. Garibaldi

Oct 9, 2018

The healthy growing pains of a market in transition

The Northern/Central New Jersey office market has seen a steady yet underwhelming recovery, and when compared to numbers alone on a national level, the situation can be downright concerning. When you look beyond the big picture, however, and focus in on the details, you can see that it’s actually a healthy example of a labor-driven market in transition. With the New Jersey unemployment rate at 4.5 percent and the national rate just below 4 percent at midyear, a huge part o

The 5 essential components to
every snow management contract

By Joe Sauers, Sauers Snow and Ice Management

Oct 9, 2018

The 5 essential components to every snow management contract

It’s not uncommon for property owners and facility managers to find themselves in the same dilemma every year about this time – how do I know if I’m comparing apples to apples when it comes to my snow management proposals? As a helpful start, here’s 5 things that every snow contract should contain: Trigger Depth Every snow contract should have a basic starting point – in other words at which point does the snow service begin. In our industry this is called the “trigger dep

Borrower Beware

By Brenner Green, Real Property Capital, Inc.

Oct 9, 2018

Borrower Beware

What is now a long time ago, in the depths of the great recession, many articles were written about how the “Shadow Banking” (read unregulated private lending) sector was going to provide liquidity to markets, real estate and otherwise, when the commercial banks were unable to do so as a result of their tattered balance sheets, and I suppose to fill some of the gap for the 297 banks that failed in 2009 and 2010(1) In the author’s view this prophecy never really came home to

The State of the Market

By Gary Robinson, The Wilder Companies

Oct 9, 2018

The State of the Market

The Mid-Atlantic region continues to thrive based on strong demographics, job growth, and other positive economic factors. Evidence of such strength is the MSA’s second quarter year-over-year 4.8% retail sales increase, an unemployment rate of 4.5%, and a recent US News & World Report survey ranking Maryland and Virginia as two of the top ten wealthiest states in the country and Delaware a high-ranking fourteenth. The strength of the region is dominated by jobs in government,

Opportunity Zone Strategies for
Realtors, Developers and Investors

By Stephen E. Fauer, ESA Environmental Consultants

Oct 9, 2018

Opportunity Zone Strategies for Realtors, Developers and Investors

On rare occasions, a federal program comes along that offers a once-in-a-lifetime opportunity to reap substantial rewards with a little forward-thinking strategy. The Opportunity Zone Program (OZP), part of the federal Tax Cuts and Jobs Act of 2017, will be a game changer for savvy realtors, developers, and individuals with appreciated assets looking to reinvest. To start, OZP investment monies must be derived from the sale of appreciated assets and, unlike a 1031 exchange,

The Road Ahead… Retail Growth Coupled with Demographic changes offer opportunities for development

By Tom Onder, Stark & Stark

Oct 9, 2018

The Road Ahead… Retail Growth Coupled with Demographic changes offer opportunities for development

According to the key economic indicator - the U.S. economy is healthy. Unemployment is 4% (lower than 4.4% a year ago). Gross domestic product (GDP), the measure of the nation's production output, is expected to remain between the 2% to 3%. And, both inflation and/or deflation appear to be in check. Coupled with this solid economic picture is the buying power of four (4) generations - Baby Boomers (54-74 years old - 74 million in U.S.), Generation X (39-53 years old - 66 mill

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