Sperry Van Ness Services
July 5, 2011 at 11:02 am | Posted in Uncategorized, Videos | Leave a commentTags: Buy, CRE Services, for lease, for sale, Lease, Sale, sperry van ness, tenant, tenant representation, tenants
Tenant Representaion Services
If you have any interest in our Tenant Representation Services don’t hesitate to call me today (505)256-1255. You can also follow me on Twitter and Facebook for daily CRE news, info and tips.
Just Listed! Multi-Use Property For Sale, Albuquerque NM
August 26, 2010 at 7:07 am | Posted in Property Listings | Leave a commentTags: albuquerque, commercial, CRE, for lease, for sale, industrial, investment, leased space, listings, New Mexico, opportunities, property, real estate, retail, sperry van ness, walt arnold
LOCATION: 9999 Central NE is located on the NWC of Parsifal and Central NE, just four blocks west of Eubank | Google Map It!
PROPERTY: Two buildings containing 8,392± Sq. Ft.
RETAIL BUILDING: 3,299± Sq. Ft.
REPAIR FACILITY: 5,093± Sq. Ft.
LAND: 3.0 ± Ac. – Completely Fenced
SALE PRICE: $1,450,000.00
ZONING: C-2 / SU-1 (Storage of RV’s)
COMMENTS: Access from Central, Garcia & Parsifal
For terms, features and floorplans, view the brochure below! Email Walt Arnold or Dana Van Doren for more information, or call (505) 256-7573.
Albuquerque Commercial Real Estate Report 7.26.10: Hiring A CRE Broker
August 19, 2010 at 10:07 am | Posted in Radio Show Reports | Leave a commentTags: albuquerque, broker's opinion of value, commercial, CRE, economy, for lease, for sale, industrial, investments, leased space, listings, New Mexico, office, office market, opportunities, property, property management, property values, radio show, real estate, retail, sperry van ness, tenant representation, walt arnold
Click HERE to listen to the Commercial Real Estate Report for 7-26-10!
Bob Clark, News Radio 770 KKOB: Walt, if I needed to hire a commercial real estate broker, what skills and abilities would I look for in that person?
Good morning. Commercial real estate is so different from residential real estate and there are just so many more moving parts to the commercial business which includes office, industrial, retail, hospitality, self storage and apartments. There is the investment side; the owner user and also the leasing end of the business and each have their own intricacies. So first off you would want to make sure the broker is an expert in the field of commercial real estate you need. That is the first criteria.
Bob Clark: What else is important in selecting a commercial broker?
Having a level of experience which might include membership in either the CCIM Institute, which requires years to complete the certification process or an SIOR, a select group of 2,800 commercial brokers worldwide is an important component in selecting a broker to work with.
At Sperry Van Ness we talk about having encyclopedic market area knowledge and stress being the recognized expert in the market area. Someone looking for a broker wants to make sure they understand the market and have strong knowledge of it.
Another important trait is a broker that listens to your needs and assesses those needs and then works diligently to complete the transaction and keeps everyone apprised of the progress as it moves toward the completion
Bob Clark: Walt you have talked before about all the parts of the commercial transaction, how can a broker help put it all together?
There are many parts to the puzzle of a commercial transaction and making sure your Broker understands those pieces, like the ALTA survey, Phase One environmental report, space planning, financing, the lease document, the Tenant Improvement process including TI drawings dealing with architects, contractors, attorneys, owners and tenants requires someone with many skills to help analyze the commercial transaction from start to finish and beyond. Continue Reading Albuquerque Commercial Real Estate Report 7.26.10: Hiring A CRE Broker…
Albuquerque Commercial Real Estate Report 7.19.10: Market Resources
August 9, 2010 at 8:58 am | Posted in Radio Show Reports | Leave a commentTags: acquisitions, albuquerque, asset, banks, commercial, CRE, distressed assets, economy, for lease, for sale, industrial, investment, investors, leased space, listings, market report, New Mexico, office, opportunities, property, property management, radio show, real estate, recession, retail, sperry van ness, tenant representation, walt arnold
>>> Click HERE to listen to the Commercial Real Estate Report for 7-19-10 <<<
Bob Clark, News Radio 770 KKOB: Walt this is such a difficult environment in commercial real estate, do you have any advice on how to navigate this market.
Walt Arnold: Bob, this is a commercial landscape seen for the first time. We are in an extremely tight credit market, strict regulations from the feds on lending, high unemployment and many financial constraints on companies.
This is a market that requires professional advice from someone that is in the commercial real estate market every day. At Sperry Van Ness we are analyzing this market daily, we are up to speed on the developments in the market and can advise landlords, tenants, buyers and sellers on how to position themselves and their property to have the greatest amount of success in this market.
Bob: What are some of the services you provide that can help people make decisions?
Walt Arnold: We have a myriad of sources that we pay to belong to pull data from to provide our clients with the best information to make good decisions, along with being an SIOR, one of 2800 worldwide, and the CCIM membership that requires years of classroom study and analysis, I am able to provide clients a wealth of information to analyze each situation to its fullest.
Bob: You also have spoken before about Sperry Van Ness’ marketing materials and the online publishing system. Can you tell us more about it?
Walt Arnold: We are able to provide our clients with the best marketing materials for the properties in the industry. We can also create a specific website for a specific property through our proprietary OTS system. We have the experienced brokers, tools and programs to analyze lease spaces for tenants or present property for sale to the largest number of Continue Reading Albuquerque Commercial Real Estate Report 7.19.10: Market Resources…
Q2 Results in Rising Vacancy Rate for Office
August 6, 2010 at 11:17 am | Posted in Market Reports | Leave a commentTags: albuquerque, commercial, CRE, economy, for lease, for sale, industrial, investors, leased space, market report, New Mexico, office, office market, real estate, recession, retail
The Albuquerque office market slipped in Q2-2010, with a New Mexico Business Weekly report suggesting a historic vacancy rate approaching. The job market continues to struggle and it results in a rising vacancy rate for office space:
Office vacancy rates climbed to 17.9 percent in the second quarter as Albuquerque underperformed the nation. With the economy teetering on the verge of a double dip recession, an historic 20 percent vacancy rate could be coming.
The article includes some interesting charts from CB Richard Ellis reporting the latest industrial net absorption, completions and vacancies, retail asking lease rate ranges, and an overall office review the Albuquerque market in the second quarter.
Industrial Net Absorption, Completions, Vacancies
Retail Asking Lease Rate Range
Office Overview Q2 2010
The article continues: Continue Reading Q2 Results in Rising Vacancy Rate for Office…
Albuquerque Commercial Real Estate Report 7.12.10: Retail Markets
July 21, 2010 at 9:40 am | Posted in Radio Show Reports | 1 CommentTags: acquisitions, albuquerque, asset, Auction, banks, CRE, economy, for sale, industrial, investments, leased space, listings, market, market report, New Mexico, opportunities, property, real estate, retail, sperry van ness, tenant, walt arnold
>>> Click here to listen to the Commercial Real Estate Report 7-12-10 <<<
Bob Clark, News Radio 770 KKOB: Walt you had a few things to talk about today. What do you want to start with?
I wanted to talk a little about the retail market which took a cautionary track in June. Although sales numbers were mixed, consumers just aren’t stepping up and spending at the pace retailers expected. This news is part of a larger downshift as consumer confidence slumped last month and consumer borrowing also fell.
Unfortunately the bounce back retailers were hoping for is not happening. So retailers are still in for a tough road.
Bob: You also had some economic news from Sperry Van Ness you wanted to discuss.
Yes, Sam Chandan, an economist had some interesting information last week.
What he said is that there is a lag when the underlying conditions begin to improve and although the recession is technically over, it sure doesn’t feel like it and the main reason is the Labor markets still remain challenged.
We have had growth in the labor markets for 6 months in a row. So, technically we are coming out of this recession better than the 2001 recession, but it is going to take some time for the fundamentals to improve and show meaningful improvement in commercial real estate properties. Continue Reading Albuquerque Commercial Real Estate Report 7.12.10: Retail Markets…
Lender Ordered Auction: Commercial Real Estate Industrial Warehouse Albuquerque, New Mexico
July 19, 2010 at 8:47 am | Posted in Property Listings | 4 CommentsTags: acquisitions, albuquerque, asset, Auction, commercial, CRE, for sale, investment, investments, leased space, listings, market, New Mexico, office, opportunities, property, real estate, sperry van ness, walt arnold, warehouse
9920 & 10000 Trumball SE, Albuquerque, New Mexico | View Google Map!
Auction Date and Time
August 5, 2010 @ 11:00 AM
Public Inspection Date and Time
July 29, 2010 11:00 AM – 1:00 PM
• Well maintained industrial flex space consisting of two legal separate buildings that have been joined to create one structure.
• 19,757 +/- square feet of useable warehouse space
• Built in 1970
• Zoned M-1
• Improvements sit on 1.06 +/- acres
• 6 Ground Level Doors
• Excellent location – just blocks from Central Avenue
• In close proximity to Interstate 40
• 154 miles from Kirkland Air Force Base
• Foreclosed Lender orders Nationwide Portfolio Liquidation – Buy Now at Your Price!
• Offers considered pre-auction, Seller Financing Available to qualified buyers
• No Back Taxes & No Liens – Clear Title with Title Insurance Provided! Continue Reading Lender Ordered Auction: Commercial Real Estate Industrial Warehouse Albuquerque, New Mexico…
Albuquerque Commercial Real Estate Report 6.28.10: Bank Failures
July 13, 2010 at 7:25 am | Posted in Radio Show Reports | Leave a commentTags: albuquerque, bank failure, banks, capital, cash reserves, commercial, CRE, development loans, econo, First American Bank of Artesia, for sale, High Desert Bank, leased space, non-performing, properties, real estate, recession, regulators, sperry van ness, split commissions, walt arnold
>>> Click here to listen to the Commercial Real Estate Report for 6-28-10 <<<
Bob Clark, News Radio 770 KKOB: Walt, you wanted to start with a comment on the closure of High Desert Bank last Friday.
Yes, good morning Bob. There was another bank failure in Albuquerque on Friday, High Desert Bank was closed by state regulators and will open up on Monday as First American Bank of Artesia. Banks continue to struggle with regulators and the increased requirements for cash reserves and capital. As we go forward we will unfortunately see this probably play out again as the banking sector continues to struggle with non-performing commercial real estate and development loans that have put a strain on the health of banks.
Bob: What else do you have for us?
I wanted to talk today about how in this tough environment if someone is considering listing a property for sale or lease it is important to analyze the real estate company hired to get the property sold or leased. And in this economy you need a company that has the strength and resources to get it done.
Sperry Van Ness has the tools and the people to get properties sold and leased. We provide a comprehensive proposal and marketing plan to properly position the property in the market. Once listed the listing is immediately distributed to numerous listing portals such as Loopnet and Property Line. Through our 575 marketing approach we can target the most likely prospects for the property and contact them either directly or through our e-mail or direct mail marketing campaigns and provide detailed monthly reports of the progress.
Bob: Walt, aren’t these similar to what other companies can do when they list a property for sale or lease?
They might develop a marketing plan, make a flyer and put up a sign, but Sperry Van Ness goes the extra mile to serve our clients. We split all of our fees 50/50 with the selling broker and that doesn’t always happen in commercial real estate. We want to encourage and incentivize other real estate brokers to bring their buyers to the property. Continue Reading Albuquerque Commercial Real Estate Report 6.28.10: Bank Failures…
Investment Opportunity: Albuquerque Bank Owned (REO) Building Available
May 4, 2010 at 9:25 pm | Posted in Property Listings | 1 CommentTags: acquisitions, albuquerque, asset, bank owned, banks, commercial, CRE, distressed assets, for sale, investment, investments, leased space, listings, market, New Mexico, opportunities, property, real estate, sperry van ness, walt arnold
Financial Institution Real Estate Owned (REO) Property For Sale – Financing Available
LOCATION: Eagle Ranch Road between Irving & Coors Bypass NW | View Google Map
BUILDING: 4,058± Sq. Ft
LAND: 99,705± Sq. Ft. | 2.2889 acres
SALE PRICE: $2,000,000
ZONING: SU-1 for C-2, R-2
ACCESS: Convenient from either Coors Boulevard or Paseo del Norte.
For terms, features and floorplans, watch the video or view and share the brochure, below! Email Walt Arnold or Dana Van Doren for more information, or call (505) 256-7573.
Walt Arnold, SIOR, CCIM
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