Posted by admin on August 14, 2009 under News Releases, by Tim Davis | 
by Tim Davis
Earlier today, Rick Davidson(CBC President and COO) met with the Benchmark Team at the World Golf Village in St. Augustine Florida. Rick Davidson joined G.G. Galloway just a few weeks ago to Climb Mt. Ranier and Mt. Hood in the annual CBC Climb for Kids Sake.
Rick Davidson was joined by Greg Sexton and Jason Silfies. Sexton is the Senior Vice President Franchise Sales, and is responsible for the growth of the CBC brand throughout the United States. Silfies is the Vice President Marketing & Technology for CBC.
Benchmark had 35 professionals in attendance, in an incredible show of faith from Davidson by attending an individual CBC affiliate meeting. Rarely do we see directors of major real estate companies granting this kind of access to its agents. Davidson covered his thoughts and perceptions of the current market conditions, as well as pointing out some great opportunities for CBC professionals in these amazing times.
This was the first of what will be monthly meetings in St. Augustine to allow more collaboration between the Ormond Beach and Jacksonville offices of CBC Benchmark.
Posted by admin on August 10, 2009 under News Releases, by Tim Davis |
by Tim Davis
Today you can lease industrial, flex space, and warehouse properties in the Daytona Beach area for roughly half the asking rates of one year ago – I spent this morning negociating a lease for $4.50 per square foot – GROSS – he current advertised price on this building is $7 triple net, which equates to $8.90 gross – nearly HALF off. Our Team here at Benchmark leased 4,000 SF of flexspace last week for $4.20/FT gross.
Surely in this economic climate, deep discounts on commercial property will yeild some benefits, and help small businesses take chances on expansion? Here is a building that is $5 gross – asking price 10,000 SF Warehouse for $5/FT gross
Posted by admin on May 8, 2009 under by Tim Davis |
by Tim Davis
There are many news reports about the status of the commercial real estate mortage market – we have even reported on them here on Real Estate Jokers – The Mortgage Crisis May Have a Second Act? – but what is uncertain is exactly how much debt is on the books, and how much is going to mature or come due as the five year notes expire? I read an interesting article on Zero Hedge a while back that estimated the total commercial debt at over $1 trillion: Read more of this article »
Tags: Add new tag, balloon note, commercial real estate, daytona beach, finance, financing, industrial, investment, loan, loans, market news, mortgage, office, Tim Davis, warehouse
Posted by admin on May 4, 2009 under Good Info - Read It, by Tim Davis |
by Tim Davis
So you own a television and a computer – and every time you turn one or both of them on, they instantly spew forth ideas that you should sit tight and keep leasing space for your business. Vacancy rates are on the rise, rents are dropping, banks are foreclosing on properties, distress sales are on the rise still, etc, etc. Well maybe your computer doesn’t “spew” this info – but your fax machine probably does.
The basic point is in order to by in business, you have to have space to conduct that business. Like it or not, you unless you are drop shipping infant toys you sell on ebay, you most likely need a traditional space to operate your business. This could be an office, a retail store, or a manufacturing or industrial space for your going concern. Rent is expensive, possibly the most expensive piece of your overhead after labor and of course the cost of goods sold. While there are no guarantees and I certainly have no crystal ball here in my office, There is a good chance of you being able to recapture Read more of this article »
Posted by admin on May 1, 2009 under Good Info - Read It, by Tim Davis |
by Tim Davis
As we all know, unlike residential mortgages, commercial paper is ammortized over a longer period of 20-30 years, but they have terms or balloon payment dates. Most popular commercial loans are for 5 year terms. If you calculate backwards and figure when the commercial market was at its peak, from mid-2006 to mid-2007, those notes will be coming due in 2010-2011.
It is foreseeable that the financing in place on that commercial property will be difficult to renew, Read more of this article »
Posted by admin on April 22, 2009 under Good Info - Read It, by Tim Davis |
by Tim Davis
Finally, after much to-do the liquidation of the Crane Cams property in underway – just two hours ago the intellectual property rights were sold at auction for $1.2 million. Read more of this article »
Posted by admin on under Good Info - Read It, by Tim Davis |
by Bill Davis
General Contractor of Industrial Pre-Engineered Buildings
“Surviving the current economy – An Analysis of bank lending practices of 1979-1983 “
Investment Alert! Warning bells were going off and a sense of déjà vu when I received my second phone call from a commercial real estate investor having problems renewing his commercial loan. Read more of this article »
Posted by admin on April 9, 2009 under Good Info - Read It, by Tim Davis |
by Tim Davis
Someone asked me today if I thought this was the bottom of the market. The tone in which he asked me reminded me of a story from my youth:
Once a regular customer of my father’s building supply store posed him the question, “Hey, what can you sell me here real cheap that I could take to the flea market on the weekend to sell and make some money on?” Read more of this article »
Posted by admin on April 8, 2009 under Good Info - Read It, by Tim Davis |
By Tim Davis
The prolonged slump in the commercial real estate market is leading to some fantastic deals to be had on existing buildings with extended periods of vacancy. Several examples of buildings in the area that are now being offered at radically reduced base rents… Read more of this article »
Posted by admin on under Good Info - Read It, by Tim Davis |
What Does Triple Net Lease Mean?
A lease agreement that designates the lessee (the tenant) as being solely responsible for all of the costs relating to the asset being leased in addition to the rent fee applied under the lease. The structure of this type of lease requires… Read more of this article »
