Every CRE Broker Needs To Learn How To Code
Sitting in on some training from MNCAR (Minnesota Commercial Association of REALTORS or Minnesota Commercial Association of Real Estate, depending on which one you belong to. Confusing, I know) the other day, it amazes how little commercial brokers understand about computers and internet. MNCAR recently took a step forward by switching to ePropertyData – a…
What Steve Jobs can teach commercial real estate about phone calls
Put your Twitter and your Facebook away, great advice from Steve Jobs about picking up the damn phone and asking for something (ie: business, listing, buyer, et al). Commercial real estate for the most part is still and always will be “beat the street” mentality. That means cold calling STILL exists today.
Commercial real estate marketing at it’s finest
Found this awesome sign while touring a property yesterday in all of it’s brilliance. As if commercial real estate doesn’t already make it difficult enough to contact the listing broker. Nice work global firm.
Dangerous Man continues on
Looks like Minneapolis is paving the way for more breweries in the city as the City Council just passed an amendment allowing breweries to open up within 300ft of a church or place of worship. This new ordinance will also allow for off-sale liquor meaning that consumers can purchase growlers (64oz of beer) from the…
Would You Work With A Commercial Brokerages That Associates Itself With Walking Away
Recently, it has been reported that large local commercial real estate brokerage is giving the keys back to the lender of a large suburban office property in Bloomington. It’s not the first time this happened and certainly won’t be the last either. You would think moral ethics come into play as a brokerage is telling…
What if Airbnb got into commercial leasing?
Airbnb is now thinking about moving into the car sharing business, is commercial real estate next on their radar? If you are not familiar with the website, I suggest you do as they are the marketplace for people wanting to rent their single family homes, condos or apartments from online, globally. Airbnb is one of…
Looking Forward
What a crazy last few months. In early August, I was told our broker was going to take a position with a new commercial brokerage. The company would be in business until the end of the month. Then, my wife (fiance at the time) had a severe stroke 30 days before we were set to…
Curveball
I am not suppose to know what an ischemic stroke is. Not now, not later, not at any point in my lifetime. Unfortunately I did find out what one was roughly three weeks ago. It didn’t happen to me though, it happened to my fiancée at the age of 27. Coming back from her bachelorette…
Reduce Risk Through Sound Management
Ever get that feeling as a real estate investor you’re staring over the edge? Definitely not the first or last. One of the most important and overlooked aspects of building your wealth through real estate investing is to understand how market shifts and adjusting your investment strategy. Are you purchasing value-added property or focused more…
What To Watch For In Moving Your Business
This originally appeared on Minnesota Business where Jason Sandquist contribute articles regularly about commercial real estate and business. It’s something that no business owner wants to face, after all most business owner’s think their first location is their last. Times change along with people and business that make for challenging decisions. Relocating a business or…
Real Estate In Distress
Get past the typing in the background and still comes out to be jobs, jobs, jobs. It’s going to be a messy situation and if banks are going to have to work with borrowers to modify and extend loan terms on good borrowers. Early innings and potentially messy as stated in the video by CitiGroup…
The Voice Mail Message To Leave To Get A Call Back While Working Commercial Real Estate
Since commercial real estate agents don’t answer their phone or return them – the best message to leave is I’m highly interested in your listing at [insert building name here], please call me back [phone]. And leave it at that! Nothing more. The response rate goes through the roof!
Has The Minneapolis Office Market Bottomed?
I’m not, bold words to call but CoStar is with their State of the Market Mid-Year Review and Forecast. I have also pointed out some positive indicators here recently. First about positive net absorption Of the 20 largest office markets, eight posted positive net absorption so far this year, three had little or no change…
Use A Tenant Rep To Gain The Upper Hand
This originally appeared on Minnesota Business where Jason Sandquist and Ladin Ventures contribute articles regularly about commercial real estate. The story goes like this You thought you would make it easy on yourself when looking at property. Driving around for hours searching for the right property for your business and realized its not the same…
Steve and Jason Take On Minnesota Business
If you have enjoyed what we’ve said here, then you can now find us over on Minnesota Business blogging as well. Nothing will change at “The Vanilla Shell”. Check it > Steve’s Profile Jason’s Profile
More to it than just price
Overseen in an email from a listing agent on a recent property tour: Common areas are one thing – where the man does his business is another! Where does he need to be price-point wise? Obviously he has it all wrong as I’m not trying to jam my client into a space. Yes, price is…
Throw In All Your Cards
A disturbing trend that is happening in the local commercial real estate community that I’m noticing: no tenant representation! As I browse all these deals that make the paper, none of the businesses are represented when entering into You would never want an attorney representing both sides now why the hell would you ever want…
The Not So Confidential Commercial Real Estate Listing
Commercial real estate agents are sneaky. So sneaky they tried to get this one past everyone who browses for property in Minneapolis Warehouse District by calling the listing confidential on Loopnet. Yet they clearly identify the property on 600 Hennepin Ave as the Block E Gameworks spot for lease. As if what happened to GameWorks…
Its The Weather Stupid
For everything that engineers are smart for, they finally admit that weather may have played a role in the somewhat failure that is the Woodbury Lakes lifestyle shopping center. If you’re unfamiliar with the mall, it defaulted on it’s mortgage last fall. From Elaine Misonzhnik @ Retail Traffic Mag: The weather may have been a…
Franchises are all over the place, here are the best for 2010
Thinking about starting a franchise but don’t know where to start this year? Lots of people are, given the fact that its no longer cool to work for somebody else. Franchises are a little bit different though, they allow you to be in business for yourself but have the umbrella of an already successful business…
20 Most Profitable Small Businesses
Forbes just released their list of 20 of the most profitable small businesses. I found some a little surprising but they all made sense. From the article: Twelve of the top 20 categories involve professional services that require years of training and certification, from healing the sick to balancing financial accounts. “Industries which provide need-to-have…
