Archive | CIP Column

The tenant rep broker: Leveraging knowledge, expertise and common sense, regardless of market conditions

March 13, 2014 Whether the market favors the tenant or the landlord, there are areas in which a tenant representation broker makes a difference. Read more...

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Associated Bank’s Rotunno: Rising interest rates can be a good thing

February 27, 2014 Eventually, interest rates are going to go up and that is good. The Federal Reserve Board has said that interest rates will be low for a very long time. However, starting in 2014 they are slowing their bond buying program. Since this announcement, long-term interest rates have risen. Read more...

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Unmined gold – investment opportunities created by FDIC bank closures

January 02, 2014 Both the economy generally, and the real estate market specifically, were extremely hard hit from 2008 through 2012. Further, while experiencing some resurgence, neither is showing signs of becoming robust. As a result, banks that focused on the real estate market were particularly hard hit, and many are still in the recovery process. To provide even more clarity to the issue, banks that focused on commercial real estate were the hardest hit. Read more...

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SBA 504 loan program: Ideally suited for manufacturing businesses

December 19, 2013 For years, small businesses looking to grow and expand their operations have found a powerful and supportive ally in the Small Business Administration (SBA). Its SBA 504 loan program is designed to meet the needs of small businesses by providing access to attractively priced financing options not available through conventional sources. Read more...

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Class B industrial rides the current market wave

December 12, 2013 The market predicted a few years ago that the deal stream for large, Class A core industrial would slow down before the investment capital chasing it dried up. I’m not sure if the market predicted, but certainly it hoped, that interest rates and bank financing would loosen so users and local investors could leverage the rising market too. It turns out both occurred, which has been particularly good news for Class B assets. Read more...

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SBA loan rates, real estate prices and the decision to buy

December 05, 2013 For almost three years small businesses have experienced almost unprecedented financing opportunities through the Small Business Administration (SBA). The loan rates for SBA 504 loans reached a low water mark of 3.80% in December 2012, and stayed in the 3.80 to 4.10 percent range from September 2012 to May 2013. Read more...

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Speculative industrial development poised to satisfy increasing market demand

November 06, 2013 Not quite sure if this is a good time to invest? A quick review of several key market indicators seems to make the conclusion clear. Read more...

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Selling your development to your lender

October 23, 2013 For the first time in years, the Chicago industrial market’s vacancy rate is less than 10 percent. Chicago’s more than 1 billion-square-foot industrial market contains high velocity distribution space, old fashioned warehouse, manufacturing buildings, laboratories and many other types of uses. Read more...

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O’Hare market on the brink of change

October 15, 2013 Chicago’s O’Hare industrial submarket, a 140 million-square-foot giant long favored by a range of industrial users and air cargo distributors, has certainly weathered its fair share of this country’s economic crisis. Concentrated throughout the towns surrounding O’Hare Airport – Elk Grove Village, Des Plaines, Bensenville, Mt. Prospect, Wood Dale and Itasca – vacancy has hovered around its all-time high of 12.75 percent for most of 2009 and 2010, well above the glory days of 2006 and 2007 when vacancy slipped below 6 percent. Read more...

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New 6b tax amendments proposed by Cook County

October 03, 2013 Recently, Cook County appointed me with seven other prominent local Mayors, Economic Development Municipal leaders and developers and formed a taskforce to provide emergency relief changes in the Cook County Class 6b incentive and Class 8 incentives. Cook County industrial properties vacancy levels outpace the national average. Our task force provided significant changes in the Class 6b incentive and Class 8 incentives that will benefit the land owner in easing their real estate tax burden. Read more...

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