By Tai T. Hubbard, LPG, Hydrogeology, Inc. The old man might be gone, but the smell of the old gasoline service station lingers. Based on location the property could list for $500K, but the apparent environmental concerns bring in a contingent offer at half of the market value. The financial slap in the face causes […]
By Belinda D. Schuster, CCIM, Northwest Indiana Commercial Real Estate Ground lease agreements make up a sizable portion of commercial real estate transactions, especially in the retail sector. A ground lease is simply a long-term lease on land. The tenant is allowed to implement improvements on the land without holding ownership. While most associated the […]
By Patty Thornberry, Parthenon Commercial Corp What is it? A reserve study is a two-part review of a property/association comprised of the following: (i) an assessment of the physical condition of assets, and (ii) a review of financial status (e.g., current reserve balances and previous expenditures). These two components help determine how much should be […]
In January, the Commercial Real Estate Alliance (CREA) launched, giving licensed brokers a new opportunity to become part of Indiana’s Commercial Real Estate Network. CREA is an affiliate organization of the Indiana Commercial Board of REALTORS®. It has no requirement for members to become Realtors® and does not require 100% participation in a firm. This […]
by Craig L Dobbins, Professor and Extension Economist, Purdue University Each June, a survey of people knowledgeable of the changes taking place in Indiana’s farmland market is conducted by the Purdue University Department of Agricultural Economics. The purpose of the survey is to gather information about current farmland values and cash rents, expected changes in these […]
INDIANAPOLIS – The Indiana Commercial Real Estate Exchange (ICREX) has released quarterly market statistics for commercial real estate in Indiana. Owned and operated by the Indiana Commercial Board of REALTORS® (ICBR), ICREX is a state-wide listing and marketing platform powered by more than 400 brokers. The following statistics are for Indiana commercial real estate as […]
By Milan Tesanovich, JD CISSP, CRMA, CRISC, CISM, CISA, ITIL-F Sr. Security Consultant Pondurance LLC Over the past five years, cyber security breaches have been increasing in number to the point where they are nearly making headlines on a daily basis. Cyber criminals are using a wide variety of attacks that threaten all industries, […]
Submitted by Parthenon Commercial Group The costs associated with commercial buildings, condominiums, home owners’ associations, etc., come in multiple forms. As noted in our previous article, reserve studies can help give an owner/homeowners’ association some clarity around what amounts and types of costs can be expected in the future based on the current condition of […]
by Belinda D. Schuster, CCIM, NWI Commercial Real Estate One of the first challenges I met when beginning my career in commercial real estate was determining the selling price of a new listing. I would ask seasoned brokers how they set their prices. There was never one answer to the question and it varied widely. I […]
by Belinda D. Schuster, CCIM, NWI Commercial Real Estate According to a twenty two page report by Deloitte “Commercial Real Estate Outlook 2018”, the commercial real estate industry will require more forward looking developers in order to adjust to Internet of Things (IoT) buildings, smart cities and mobility. The report goes into detail what may be […]
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