When it comes to widening your brokerage network, winning listings, and building your brand, a well-crafted “Broker’s Opinion of Value” – or BOV – is one of the most powerful marketing tools you have. A resume, pitch, reference, and calling card all in one, can open doors, clinch deals, and cement long-term relationships.
This unique property, at 350 Memorial Drive, offers unparalleled potential for “special use” or redevelopment. The 78,378 SF property includes two interconnected buildings, set in the leafy heart of Chicopee…
In a recent report, global ESG (Environmental, Social, and Governance) benchmarking organization GRESB highlighted some positive sustainability trends in real estate investing and management, stating they saw: “The largest ever…
The Placer.ai Nationwide Office Building Index: The office building index analyzes foot traffic data from 800 office buildings across the country. It only includes commercial office buildings and commercial office buildings on the first floor (like an office building that might include a national coffee chain on the ground floor). It does NOT include mixed-use buildings that are both residential and commercial.
The start of a new year is always an interesting time for commercial real estate (CRE) professionals. While some deals may have slowed down over December, there’s now plenty of…
Back in the day, CRE property descriptions took a back seat in selling CRE because most deals happened in person. But now, the search for the perfect CRE investment has gone digital. One study showed 59% of investors started their property search online. Even among commercial buyers working with brokers, more than half still did their own internet-based exploration.
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Over the course of 2022, as part of our regular “CRE Terms” blog we’ve delved into top terminology, jargon, and concepts that every commercial real estate (CRE) professional needs to…
It’s that time of year again, and Urban Land Institute (ULI) and PwC have released their 2023 “Emerging Trends in Real Estate” report for commercial real estate (CRE) professionals to…
Commercial real estate offering memorandums (OMs) are a core component of any CRE sales process. Whether you’re raising money or brokering a deal, an effective OM has the power to attract the attention your asset needs. While PDFs have become the gold standard in CRE OM’s, their limitations are becoming more obvious as savvy brokers & investors gravitate towards harder data & control when it comes to their deals.
In recent news from the Washington post, tech giant Meta is cutting around 11 000 jobs, representing 13% of the company’s workforce. Twitter is also continuing with layoffs, after already slashing jobs drastically earlier in November.
Over the past year, it’s sometimes felt like the number of factors that we, as commercial real estate (CRE) professionals, need to keep track of have grown exponentially. Especially in the face of challenging market conditions.
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