Chicago’s white hot industrial market means all hands on deck for property managers

As commercial real estate’s wild ride continues well into the warmer summer months, industrial landlords and investors have found themselves in one of the best imaginable situations compared to other asset classes. With high demand for and investor interest in industrial space, it truly is a landlord’s market in 2021. 

However, this doesn’t mean that industrial property management is a set it and forget it proposition. If anything, the white hot demand for industrial means that landlords have to be more involved than ever in their lease deals.

“I think in today’s environment, [industrial property management] has really shifted to being much more hands-on,” says Victoria Knudson, Partner & National Leader of Property Management for Stream Realty. “Tenants want to understand their lease, what is their responsibility versus your responsibility — there is a lot of a lot more communication as it relates to how things run and managing expenses.”

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Spokane tops the nation in real estate bidding wars

Spokane resident Kelli Saunders found the home of her dreams in two months, but it wasn’t easy.

Saunders sold her previous home in February and began looking for a new property.

She encountered eight bidding wars and lost against four cash offers for homes, some of which sold for thousands of dollars over asking price.

Saunders – with some persistence – found a home north of the Garland District.

“I decided I just loved this house and said, ‘Let’s go with everything we have on this one,’ ” she said.

She wrote a letter to the seller describing why she loved the house and ended up paying $70,000 over the asking price of $300,000, beating out another buyer with a cash offer.

“I had a low down payment, but had a lot of cash behind it,” she said.

“I came right in at $370,000. I’m one of the very few

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The 10 Myths Of Profitable Selling

Do not make the identical mistake in your search for actual property. Shopping for below your means is at all times a greater concept than shopping for past them.

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In immediately’s economy, you will hear the vast majority of actual property agents complaining about how the home-market stinks, there is not anyone buying houses or the banks are giving money to home buyers. Janssen’s regulatory team tries to get approval for a brand new label that features Risperdal as a treatment for autism in youngsters. This might increase the market and extend the patent by six months—which would be price about D’ Real Estate a billion dollars to the corporate. Knowledge from the New York Metropolis Well being Department, which displays the testing program, show the variety of kids with a blood lead degree above the CDC threshold of 5 milligrams per deciliter has dropped … Read the rest

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The Continuing Legacy Of Redlining And Exclusionary Zoning, And What To Do About It. (Podcast)

Every of these teams has distinctive property necessities and factors of focus. Wouldn’t be first rate and actually supportive to have one’s own Flats in Himachal?

real estate news nyc

Actual property brokers are professionals who help in connecting the buyer to the vendor. Throughout buying, promoting or mortgaging of a property one needs to know the varied legalities behind these transactions. Hence, it’s necessary to know it all from knowledgeable. Throughout such instances, if any of the only element of the case misses out then it results in stoppage of labor and delay as effectively. Thus, to keep away from such circumstances one needs to rent New Jersey real property attorneys to get correct information of the state of affairs. Authorized recommendation is all the time necessary to know the depth of the scenario. It also helps to its severity as properly.

The monthly decline in March pending house … Read the rest

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Menlo Group buys property management company

Tempe-based Menlo Group Commercial Real Estate announced today that the full-service brokerage has purchased Page Commercial Realty Services, a property management company located in Mesa, Ariz. The acquisition will enable Menlo Group to expand its commercial property management services.


READ ALSO: Ranking Arizona: Top 10 brokerage firms for 2021


“We first launched our property management offering a year ago,” said Menlo Group President Tanner Milne, MBA, CCIM, SIOR. “To best serve our clients and grow our business, it made sense for us to scale quickly by purchasing an existing company to supplement our current efforts.”

Page Commercial Realty Services was founded by Greg Page in 2008. Since then, the company has grown its portfolio and now manages 11 properties across the Valley.

“Greg has built an amazing property management company, and we plan to continue his legacy,” said Kody Miller, MBA, who joined Menlo Group as chief operating officer

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Real Estate Investment and Property Management Platform Raises $16.3 Million

Daniel Shaked

SANTA CLARA, Calif. – Home365, a Santa Clara, Calif.-based PropTech/InsureTech residential Real Estate investment and property management company, announced the closing of a $16.3 million funding round.

This round was led by Greensoil PropTech Ventures II (GSPV II), and also included investments from existing shareholders such as Eyal Ofer, O.G. Tech, Verizon Ventures, Lool Ventures and North First Ventures (N1V).

Home365, which has raised $24 million since its 2016 founding, makes the fully automated Property Management platform behind the company’s innovative OneRate business model, which is completely disrupting the traditional property management industry.

Powered by a machine-learning proprietary underwriting (patent pending) engine, Home365 predicts maintenance, repairs, and various resident-related events, while generating a fixed monthly Premium fee that guarantees the Net Operating Income (NOI) for a given asset.

By offloading risk from landlords, and through end-to-end automation of processes, predictive analytics and a unique management approach, Home365

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20 Best Countries to Invest in Real Estate in 2021

In this article we will take a look at the 20 best countries to invest in real estate in 2021. You can skip our detailed analysis of the real estate industry’s outlook for 2021, and go directly to 5 Best Countries to Invest in Real Estate in 2021.

Real estate business happens to be one of the oldest and most lucrative businesses in the world. Prior to globalization, people invested in real estate in their own localities but as the world has become more globalized and connected, real estate investors effectively have access to nearly the entire world for investment.

The United States claims the number 3 spot for most received Foreign Direct Investment (FDI) with the share of real estate investment being 10% of total foreign investment in the US back in 2019 according to the latest report released by US Bureau of Economic Analysis with most properties

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Craft Brewery Real Estate

Elton Gallegly (R), who has been in Congress since 1987, determined not to run for reelection on this Ventura County district in 2012. The shelters close to their houses obtained mills first.

commercial real estate news california

The rapidly creating area of North East Los Angeles (NELA) lends new that means to the name Boomtown”. By including an escalation clause, patrons tip their hands as to the highest value they’re prepared to pay for the house. Sellers can use this knowldege to their advantage – and to the drawback of the buyers. For example, assume that a vendor indicates she is going to entertain all presents D’ Real Estate on a selected date. Two buyers, Buyer A and Buyer B, each put in a proposal at the asking value of $400k. Recognizing the likelihood that there could be a number of offers, both buyers included an escalation clause. Buyer A’s … Read the rest

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North Texas Property Management Announces New Blog Content for Rental Property Management Services in Carrollton Texas

North Texas Property Management announces new blog content for rental property management service in Carrollton, Texas.

Carrollton Texas has great amenities and lovely outdoor spaces, but the best ‘perk’ is lovely, welcoming neighbors.”

— Jason Marasco

MCKINNEY, TEXAS, UNITED STATES, June 30, 2021 /EINPresswire.com/ — North Texas Property Management, a best-in-class team of local property managers at https://www.ntxpm.com/, is proud to announce new content to its blog focused on suburban living. Posts for rental property management services in Carrollton, Texas, are a response to growing interest in the area. Collaborating with an experienced property management team could be the key to finding the best property management team in Carrollton and other cities nearby such as Richardson or Allen Texas.

“Carrollton Texas has great amenities and lovely outdoor spaces, but the best ‘perk’ is lovely, welcoming neighbors,” explained Jason Marascio, CEO of North Texas Property Management. “You’ll

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Warehouse demand at unprecedented levels in cities like Savannah: JLL

Robotic arm taking a cardboard box in a warehouse

onurdongel | E+ | Getty Images

As retailers’ beef up e-commerce operations and invest in faster delivery for customers, the appetite for warehouse space is rocketing higher, according to a new report.

This year, demand among mass merchandisers for logistics facilities to store inventory and pack and ship online orders will be the highest it has ever been, said commercial real estate services firm JLL.

JLL has been tracking pent-up demand among big-box and value retailers including Walmart, Target, Big Lots, TJX and Costco, all of which are vying for warehouse space. Some of these companies are playing catch up to Amazon, which for years has been gobbling up warehouses — big and small — in central locations across the country. More recently, that buying and leasing activity has spread into more densely populated areas including New York City.

“We’ve been

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