August 09, 2011 According to economists, the most recent recession ended in mid-2009 and we are now a full two years into the recovery. A quick look at industrial vacancy rates in Chicago makes it clear, however, that the recovery has been and will continue to be a slow, upward climb. With the overall industrial vacancy rate in the double digits, and some submarkets lingering in the mid-teens, the market is competitive, to say the least. Read more...
August 02, 2011 Throughout the past decade the United States has focused on reducing our reliance on the manufacturing industry while looking to boost the service industry to create more jobs – particularly in the financial sector. However, as was made clear by the devastating turn of events in the past few years, our economy cannot rest solely on the strength (or lack thereof) of our financial industry. Read more...
July 20, 2011 Foreclosure auctions involving lenders are a typical option investors use to acquire distressed properties. However, many investors are acquiring properties by opting to purchase a foreclosing lender’s note and mortgage at a discount. This article examines common pitfalls relating to collecting rents when an investor purchases a note and mortgage on distressed commercial properties. Read more...
June 14, 2011 To reduce risk, tenants should make sure developers and landlords have the financial strength to keep their promises. Read more...
May 24, 2011 Although net absorption is rising in most submarkets, the competition is still high, which leaves landlords strategizing for ways to differentiate their assets from the competition. The question becomes; what level of tenant improvements will be sufficient to attract new tenants to a space? Read more...
May 04, 2011 With the nation’s banks sitting on between $1.2 and $1.3 billion worth of capital, they are nevertheless reluctant to lend on commercial real estate because of the elevated level of risk and current valuations of properties already on their books. Many banks own portfolios of commercial real estate whose valuations have declined significantly and do not want to increase their exposure. Read more...
April 12, 2011 Whether our clients know it or not, they need a different approach to problem solving. That’s why the brokerage industry is changing its business model. We have to be stronger, smarter and better aligned with our clients to have any chance of converting the limited number of opportunities out there. Read more...
April 06, 2011 Expectations for a modest recovery in the Capital Markets in 2011 have been “spot on” as the activity of the second half of 2010 was pivotal and has continued led into the first quarter of 2011. A continuation of the “cleansing” of distress assets has resulted in greater velocity in the debt markets, albeit still rather slow and steady compared to the past. Read more...
March 30, 2011 JCF Real Estate’s Paul Robertson and Steve Chrastka recently spoke with CMAP’s Executive Director Randy Blankenhorn regarding how Kane County and its communities can benefit from implementation of the GO TO 2040 plan. Read more...
March 29, 2011 The local industrial economy is experiencing improvement, and the path to recovery is expected to continue. Once the market fully returns, the next several years should provide a healthy economic resurgence, particularly within the industrial sector. Read more...
