Informed commercial real estate news

Hi everyone, I’m looking at purchasing a light-industrial parcel in Halfmoon, NY (518 area) to build a small warehouse for my business. The main complication is that there is a classified C(TS) stream (trout spawning) running through the property. This would be my first time building from the ground up and I’m trying to do proper due diligence before buying the land. I’m looking for recommendations (or direct contacts) for local professionals who work in this area, specifically: • Civil / site engineers • Environmental / wetlands or stream permitting consultants • Firms that can do a feasibility / concept site layout • Architects familiar with industrial / warehouse projects in Halfmoon My main goals right now are: • Confirm what can realistically be built on the site • Understand stream setbacks / buffers and permitting requirements • Verify truck access, circulation, parking, and stormwater layout • Get a rough idea of timeline and consulting / permitting costs If anyone in the Capital Region / Saratoga County area has experience with stream-impacted commercial sites in Halfmoon (or can recommend good local firms), I’d really appreciate the help. If you’re a local professional and this is something you handle, feel free to comment or message me. I’m trying to determine whether this site is realistically feasible before moving forward. Thanks in advance. submitted by /u/GadgetKid6 [link] [comments]

Looking at an industrial building that was converted to office 10 years ago. They didn't do ICAP and I don't think ever fought the new AVs so the taxes went up a lot over the last 10 years due to the building being upgraded significantly and a big rent. Now the building is vacant and the taxes are wildly over what they should be so hard to pencil. Any ideas? submitted by /u/Nightman233 [link] [comments]

I know virtually nothing about TV towers however my stepfather has one in the yard and had a lease for many years. They ended the lease last year I believe. Is there any way to find somebody interested in using the tower, like another company? Visually as far as rust goes the tower appears to be in good condition. submitted by /u/kzextraz [link] [comments]

tldr: Feeling of being held back by current firm (small shop). What is the best outcome? Jumping ship, or sticking it out and trying to learn more and/or potentially help grow the company. Hey Folks, Just wanted to get this out there and get some insight from those who have experienced various firms. I have been in the industry for 4 years (industrial in a primary market), but I decided to make the switch to the brokerage side 2 years ago. I worked as an analyst at my prior firm, and it has been quite an adjustment shifting my focus from the numbers to the calls. That being said, I have picked up 3 assignments, and have a steady pipeline coming in, and I'm loving it. Recently, I've been digging my boots into some larger prospects. My firm is a small shop and primarily focuses on mom and pop's and families who are generally at a loss when it comes to optimizing their portfolio, and that is where I carved out a niche as I've been successful in facilitating profitable moves. Even then, most of our team is made up of that same caliber, brokers who got into the business for the sales aspect and managed to make a good living by pushing people into deals and exchanges that are otherwise satisfactory to anyone worth their salt. All that in mind, I've managed to get us very close to a large assignment - actually the largest in company history. Those I've brought on the deal are considered more senior but fall short in the strategy aspect. I have been running point on everything and I would say that has attributed to our current position. When I drafted new models from scratch as our standard ones we use company-wide were shallow and ugly, my "partner" claimed it was above their pay grade and just throws them off track to what we're trying to accomplish. At any rate, I'm afraid they are sabotaging our odds. I'm fresh, so I hesitate to make this judgment, but has anyone else had experience outgrowing their brokerage. What does it look like moving to a new team especially when you still have inventory? I've met a lot of my peers who are much brighter in this aspect, and I've received a few offers to jump ship, but I linger on the idea that either 1) I'm being egotistical and a bit ignorant or 2) I have an opportunity to contribute to my firm and lead the charge into this area of business. submitted by /u/Ok_Reputation183 [link] [comments]

I still use a lot of older handmade models and remember the adventures in CRE guys putting out free ones was a nice jumpstart on asset types I was not well versed in. That was over 5 years ago. Has anyone found any cool sources or tools for modeling in the last few years? submitted by /u/crispins_crispian [link] [comments]

Hi there! I’ve recently taken over a corporate franchise account. I’m managing over 20 active franchise locations looking to lease/buy space for the business on top of my regular deals. I’ve been a broker for some time now, but haven’t been in a transaction manager role yet. Does anyone have any recommendations on softwares or ways to keep all of this organized? I currently use an excel sheet and OneNote (with different tabs for each location) and I’d love to explore more efficient/user friendly options. Just for this specific account. Thanks in advance! submitted by /u/Maleficent-Amoeba566 [link] [comments]

Hello, I’m working on an appraisal of a corporate guaranteed net lease of a garden center. Looking for some sort of comparable (nationally is ok) or any insight that anyone could provide. not finding much on CoStar wondering if anyone’s been involved with these types of deals before ? Thanks! submitted by /u/InTheMoney11042 [link] [comments]

Looking for some candid advice. I'm very familiar with how difficult 100% commission sales is and have done cold calling before in previous jobs. I'm coming from a background as a commercial real estate appraiser but I have limited direct client contact from this role. So I have some helpful industry knowledge but limited network. Looking for realistic expectations on how long I should give myself to build a pipeline of warm leads that (hopefully) may partially convert to actual business at the 2 year mark. Is 18 months realistic to build a pipeline based on 35 cold calls a day? How many warm leads do you like to see in a pipeline to actually see them convert to a listing? Ie. 10 warm leads that you have met with 2-5 times and 2 convert to a lasting or exclusive tenant rep agreement etc. Is specializing still the right approach as a new broker or did I cast a wide net at multiple asset classes I'm familiar with from appraisal? Am I a total idiot for going out solo and then bringing more experienced brokers on a deal by deal basis? My concern is that at almost 50 I won't fit the big brokerage model of cold calling underneath an experienced broker for 2-3 years so trying the small brokerage route which is very little support. Love to hear everyone's candid honest feedback if you are experienced in commercial brokerage. submitted by /u/bcgb8677 [link] [comments]

Contractor pitched me an HVAC upgrade: "$75K cost, $12K/year savings." How do you typically verify these numbers? Do you: - Have your own spreadsheet? - Just calculate simple payback? - Trust the contractor's estimates? - Get a third-party energy audit? Curious what rule of thumb others use. What payback period do you require before approving? submitted by /u/OkParking9422 [link] [comments]

Hey everyone, Looking to cash out two properties that i own (titles in LLC) I am offered dscr \~7% with 4k closing cost for each, 5 year ppp. Business loan with personal guarantee at similar rate 1500 in closing cost from local credit union as portfolio loan with 20 year amortization no prepayment. Looking for advice from people who did it before. Thanks in advance. submitted by /u/Bannereddit [link] [comments]

Looking for guidance on what investors or lenders look for, as we begin ramping our fundraising efforts. Its a 112 acre plot for land we have secured rights to, and we have builder commit for the vertical build, we are looking for $1.2M minimum to begin the horizontal. submitted by /u/EtikDigital512 [link] [comments]

I am a new commercial real estate broker and one of the things that I have struggled with and is having an organized way to keep track of all the prospects I have talked to and gotten contact information for. My company doesn’t really provide us with an actual good CRM so I am just using an excel spreadsheet. Has anyone been able to create an organized client list in excel? submitted by /u/BadgerEquivalent9588 [link] [comments]

Hi everyone, I’m looking at purchasing a light-industrial parcel in Halfmoon, NY (518 area) to build a small warehouse for my business. The main complication is that there is a classified C(TS) stream (trout spawning) running through the property. This would be my first time building from the ground up and I’m trying to do proper due diligence before buying the land. I’m looking for recommendations (or direct contacts) for local professionals who work in this area, specifically: • Civil / site engineers • Environmental / wetlands or stream permitting consultants • Firms that can do a feasibility / concept site layout • Architects familiar with industrial / warehouse projects in Halfmoon My main goals right now are: • Confirm what can realistically be built on the site • Understand stream setbacks / buffers and permitting requirements • Verify truck access, circulation, parking, and stormwater layout • Get a rough idea of timeline and consulting / permitting costs If anyone in the Capital Region / Saratoga County area has experience with stream-impacted commercial sites in Halfmoon (or can recommend good local firms), I’d really appreciate the help. If you’re a local professional and this is something you handle, feel free to comment or message me. I’m trying to determine whether this site is realistically feasible before moving forward. Thanks in advance. submitted by /u/GadgetKid6 [link] [comments]

Looking at an industrial building that was converted to office 10 years ago. They didn't do ICAP and I don't think ever fought the new AVs so the taxes went up a lot over the last 10 years due to the building being upgraded significantly and a big rent. Now the building is vacant and the taxes are wildly over what they should be so hard to pencil. Any ideas? submitted by /u/Nightman233 [link] [comments]

I know virtually nothing about TV towers however my stepfather has one in the yard and had a lease for many years. They ended the lease last year I believe. Is there any way to find somebody interested in using the tower, like another company? Visually as far as rust goes the tower appears to be in good condition. submitted by /u/kzextraz [link] [comments]

tldr: Feeling of being held back by current firm (small shop). What is the best outcome? Jumping ship, or sticking it out and trying to learn more and/or potentially help grow the company. Hey Folks, Just wanted to get this out there and get some insight from those who have experienced various firms. I have been in the industry for 4 years (industrial in a primary market), but I decided to make the switch to the brokerage side 2 years ago. I worked as an analyst at my prior firm, and it has been quite an adjustment shifting my focus from the numbers to the calls. That being said, I have picked up 3 assignments, and have a steady pipeline coming in, and I'm loving it. Recently, I've been digging my boots into some larger prospects. My firm is a small shop and primarily focuses on mom and pop's and families who are generally at a loss when it comes to optimizing their portfolio, and that is where I carved out a niche as I've been successful in facilitating profitable moves. Even then, most of our team is made up of that same caliber, brokers who got into the business for the sales aspect and managed to make a good living by pushing people into deals and exchanges that are otherwise satisfactory to anyone worth their salt. All that in mind, I've managed to get us very close to a large assignment - actually the largest in company history. Those I've brought on the deal are considered more senior but fall short in the strategy aspect. I have been running point on everything and I would say that has attributed to our current position. When I drafted new models from scratch as our standard ones we use company-wide were shallow and ugly, my "partner" claimed it was above their pay grade and just throws them off track to what we're trying to accomplish. At any rate, I'm afraid they are sabotaging our odds. I'm fresh, so I hesitate to make this judgment, but has anyone else had experience outgrowing their brokerage. What does it look like moving to a new team especially when you still have inventory? I've met a lot of my peers who are much brighter in this aspect, and I've received a few offers to jump ship, but I linger on the idea that either 1) I'm being egotistical and a bit ignorant or 2) I have an opportunity to contribute to my firm and lead the charge into this area of business. submitted by /u/Ok_Reputation183 [link] [comments]

I still use a lot of older handmade models and remember the adventures in CRE guys putting out free ones was a nice jumpstart on asset types I was not well versed in. That was over 5 years ago. Has anyone found any cool sources or tools for modeling in the last few years? submitted by /u/crispins_crispian [link] [comments]

Hi there! I’ve recently taken over a corporate franchise account. I’m managing over 20 active franchise locations looking to lease/buy space for the business on top of my regular deals. I’ve been a broker for some time now, but haven’t been in a transaction manager role yet. Does anyone have any recommendations on softwares or ways to keep all of this organized? I currently use an excel sheet and OneNote (with different tabs for each location) and I’d love to explore more efficient/user friendly options. Just for this specific account. Thanks in advance! submitted by /u/Maleficent-Amoeba566 [link] [comments]

Hello, I’m working on an appraisal of a corporate guaranteed net lease of a garden center. Looking for some sort of comparable (nationally is ok) or any insight that anyone could provide. not finding much on CoStar wondering if anyone’s been involved with these types of deals before ? Thanks! submitted by /u/InTheMoney11042 [link] [comments]

Looking for some candid advice. I'm very familiar with how difficult 100% commission sales is and have done cold calling before in previous jobs. I'm coming from a background as a commercial real estate appraiser but I have limited direct client contact from this role. So I have some helpful industry knowledge but limited network. Looking for realistic expectations on how long I should give myself to build a pipeline of warm leads that (hopefully) may partially convert to actual business at the 2 year mark. Is 18 months realistic to build a pipeline based on 35 cold calls a day? How many warm leads do you like to see in a pipeline to actually see them convert to a listing? Ie. 10 warm leads that you have met with 2-5 times and 2 convert to a lasting or exclusive tenant rep agreement etc. Is specializing still the right approach as a new broker or did I cast a wide net at multiple asset classes I'm familiar with from appraisal? Am I a total idiot for going out solo and then bringing more experienced brokers on a deal by deal basis? My concern is that at almost 50 I won't fit the big brokerage model of cold calling underneath an experienced broker for 2-3 years so trying the small brokerage route which is very little support. Love to hear everyone's candid honest feedback if you are experienced in commercial brokerage. submitted by /u/bcgb8677 [link] [comments]

Contractor pitched me an HVAC upgrade: "$75K cost, $12K/year savings." How do you typically verify these numbers? Do you: - Have your own spreadsheet? - Just calculate simple payback? - Trust the contractor's estimates? - Get a third-party energy audit? Curious what rule of thumb others use. What payback period do you require before approving? submitted by /u/OkParking9422 [link] [comments]

Hey everyone, Looking to cash out two properties that i own (titles in LLC) I am offered dscr \~7% with 4k closing cost for each, 5 year ppp. Business loan with personal guarantee at similar rate 1500 in closing cost from local credit union as portfolio loan with 20 year amortization no prepayment. Looking for advice from people who did it before. Thanks in advance. submitted by /u/Bannereddit [link] [comments]

Looking for guidance on what investors or lenders look for, as we begin ramping our fundraising efforts. Its a 112 acre plot for land we have secured rights to, and we have builder commit for the vertical build, we are looking for $1.2M minimum to begin the horizontal. submitted by /u/EtikDigital512 [link] [comments]

I am a new commercial real estate broker and one of the things that I have struggled with and is having an organized way to keep track of all the prospects I have talked to and gotten contact information for. My company doesn’t really provide us with an actual good CRM so I am just using an excel spreadsheet. Has anyone been able to create an organized client list in excel? submitted by /u/BadgerEquivalent9588 [link] [comments]