Category: Editorial

Is Your Insurance Claim Running Out of Time?

Posted on by Sarah

There are few market forces that can shut down a commercial operation the way Mother Nature’s forces can. Hail, wind, fire and floods can all significantly impact business operations and, while insurance is supposed to be a tool to help you manage risks with those unexpected interruptions, it can often introduce new challenges. “There’s a lot of risk in owning commercial real estate. Property owners’ buildings are always at risk and it’s just not right when insurance companies don’t pay fairly and promptly,” says public insurance adjuster Scott Friedson, CEO of Insurance Claim Recovery Support (ICRS). “When policyholders retain us, we virtually step
into their shoes and act as their exclusive claim advocate.” Best of all, there is no fee for his services it there’s no recovery. That, however, has never happened. “One hundred percent of our claims settle higher and/or faster than what the initial carrier offered,” says Friedson. “We have a 100 percent
win rate.” Licensed and bonded by Texas and other states, Friedson applies his 10 years of trusted public adjusting experience to exclusively represent
commercial and multi-family property owners to settle property damage insurance claims fairly and promptly. Click to read more at www.rednews.com.

Ray’s Buzz: All Systems Go In The Industrial Market

Posted on by Sarah

United State Industrial Market-Takeaway:
All monitored US markets have industrial rates in the single digits, and occupancies are expected to remain high ongoing. E-commerce warehousing demand to accommodate sorting, distribution, and logistics is strong and we are seeing higher (even multi-story) warehouses as developers work with tenants to meet their evolving needs. Labor markets are tight and will get tighter, resulting in rising wages. Asked rents are rising and this may offset projected rising interest rates over time. Industrial remains the most attractive segment to lenders and investors alike. Click to read more at www.rednews.com.

Adding New Uses a Profitable Proposition, Developers Say at RECon

Posted on by Sarah

As the costs of land, labor and construction rise, more developers are focusing on upgrades to existing properties than they are on seeking ground-up developments or value-added centers, executives said at a RECon panel discussion. “It’s been hard to make deals economical if we can’t get the land for free,” said Conor Flynn, CEO of Kimco Realty Corp. “We haven’t been able to go out and find a site and make it work.” So mixed-use has become a big push for the firm, Flynn said. Click to read more at www.icsc.org.

Renovation and Amenities

Posted on by Sarah

In this issue of Insights, we offer perspectives to capitalize on opportunities that continue to be created in a growing economy, and to maintain a house in order, with preparations made to weather market corrections or flattening economic growth, should those changes occur. Our cover story on office renovations and office amenities samples current building features and services, and discusses why many tenants not only desire, but require, amenity-rich workplaces to support their business strategies. Click to read more at www.transwestern.com.

Only Ripples Likely From Next CMBS Maturity Wave

Posted on by Sarah

What begins, must end, one way or another. As loan originators gradually ramped up after the Great Recession, and the packaging of commercial mortgage-backed securities grew apace, so the CMBS sector now faces a wave of maturities from 2020 through 2023 that totals more than $170 billion. According to a new Morningstar research report, the good news is that the on-time payoff rate is likely to remain in the range of 80 to 85 percent. This would be stronger than the payoff rate than during 2015 and 2017, when $222.48 billion in CMBS hit maturity, “because of more selective underwriting standards, rising valuations, and the Fed’s dovish interest-rate outlook amid a slowing economy,” the company says. Click to read more at www.cpexecutive.com.

NE Houston’s Industrial Submarket Breaking Records

Posted on by Sarah

HOUSTON – The northeast industrial submarket broke records in first quarter 2019, delivering 438,000 sf, with an additional 835,200 sf—the second-largest amount during a quarter—under construction. According to NAI Partners, the market contains 37 million sf of inventory. Vacancies have been gradually rising due in part to new inventory delivering with vacant space. Click to read more at www.recenter.tamu.edu.