Albuquerque CRE Report for 01.09.12

January 9, 2012 at 10:35 am | Posted in Radio Show Reports | Leave a comment
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New Year strategies for commercial properties investors, owners, buyers and tenants

Bob – Happy New Year!  Our first commercial report of 2012, what do you have for us to start off the New Year!

Walt – Happy New Year Bob and I hope you had a great time over the Holidays and the New Year.

I know you’re not a big New Year Resolutions advocate, but I wanted to talk about some New Year strategies for commercial properties investors, owners, buyers and tenants of commercial properties.

Bob – New Years Resolutions are difficult to keep and it is difficult for people to keep them.  But I’ll listen, what ideas do you have?

Walt – I think this is a great time for those involved in commercial properties to make some strategies and take some action to move forward on financial goals, which may include real estate.

Some quotes I remember are, “every journey begins with a single step”, or “if you aim at nothing you are bound to hit it”.  A question to ask this time of year is, “what is my exit strategy for the properties I own”, or “what can I do today to start looking at investing in commercial real estate”?

Those answers might not even come this year, but it’s important to start thinking about them now and develop the steps to move forward in that direction.

Bob – I would think this is not a great time to sell properties, but it appears to be a better time to buy properties.  How far in advance do someone need to start thinking about buying, selling or leasing?

Walt – There are many aspects to consider, for example a business that owns it real estate might say, “I need to raise some cash, but my bank won’t lend me any money”, a sale-leaseback might be a way to raise some cash and put cash back in the business to fund operations.

An investor just starting out might have the question,” how do I start investing in this market with all this opportunity to buy properties?”

A company currently leasing might ask, “I want to buy instead of lease, what do I need to know to get started?”

All of these decisions take time and planning.

Bob – So you’re saying there are a lot of things to consider and it might happen quickly or it could take time to develop a plan to decide what to do and how to go about it?

Walt – These aren’t snap decisions like, I need to lose 20 pounds, which by the way I do, these decisions take time and it helps to have people that can help define the strategies and a game plan to work through the issues and come up with solutions to accomplish these goals.

Bob – Walt, how can people get a hold of you to discuss how to make a strategic plan for 2012 and beyond?

Walt – Thanks Bob, my direct line is 256-1255, website waltarnold.com.  Let’s talk about strategy for 2012 and beyond.  You can connect with me on Facebook or Twitter.

CRE Report 12.19.2011

December 20, 2011 at 9:13 am | Posted in Market Reports, Radio Show Reports | Leave a comment
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End of the Year Budgeting for Property Owners

Bob – Walt as we approach the end of 2011 and the Holidays are upon us, what are some things commercial property owners should be considering at the end of the year.

Walt – One thing all investment property owners should consider is establishing a budget for the upcoming year and included in the budget should be the amount of distribution or money that you want to make to yourself.  Creating or updating a budget is forward thinking and helps to put money aside for items that will need to be replaced in the coming year and creates a plan for replacing parts of the property that will fail eventually.

Bob – What if someone rents a single-family house or a Four-plex, should they create a budget?

Walt – With larger properties it is a requirement to track income and expenses against the budget and this helps keep the property manager aware of any categories which have a surplus or shortage against the monthly budget.

Spending the time to create a budget for any size or type of investment property is very beneficial to the success or failure of an investment property.  For a single family rental or a Four-plex owner to spend the time to create a budget will be one of the best exercises they can do to preserve the asset and increase cash flow. Don’t neglect working on a budget for 2012.

Bob – Any other year-end tips for property owners?

Although we have already had some cold weather and more on the way, continue to winterize any water outlets or exposed water sources on the property, check gutters and canales for leaves so they don’t make a leaf dam at the drain creating ponding of water on the roof, and one last idea is to buy snow melt and snow shovels ahead of time because when it snows and you need it, everyone else will also need it and those items will be difficult to find when you need it the most.

Bob – Since there won’t be a Real Estate report next week, any year-end thoughts or New Year predictions today?

Walt – First, I would like to say thanks for talking to me almost every Monday morning this year; I appreciate you having me on the show, and Jen also thanks to you.  Sometimes this time of year is more hectic and stressful than it should be, I hope everyone has a great holiday season and New Year with an over emphasis of grace this Christmas season.

Next year will be a better than this year, a little, as we head on a slow gradual climb out a very tough market and one of the worst recessions in history.  I know that at Sperry Van Ness we are looking forward to 2012.

My number is 256-1255, website waltarnold.com.

Bob, the best to you, your family, the KKOB staff and your listeners. I will talk to you next year.

SIOR Conference

November 21, 2011 at 6:30 pm | Posted in Radio Show Reports, Videos | Leave a comment
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CRE Video Report 10.27.11

For more information on SIOR check them out on the web here.  For all topics CRE follow me on Twitter or find me on Facebook today.

 

CRE Report 10.10.11

October 13, 2011 at 9:52 am | Posted in Radio Show Reports | Leave a comment
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Columbus Day Investing Advice

Bob – Walt what is going on in the commercial real estate world?

Walt – Good morning Bob!  Happy Columbus Day!  Christopher Columbus was born in a middle class family in Genoa, Italy.  He had a passion for navigation and sailing as a young man and traveled extensively visiting Africa and the Mediterranean.  Columbus spotted land on October 12th, 1492, which became the discovery of the New World.    He also continued to sail to the Americas and eventually made four trips to the Americas ending with his final voyage in 1502.

That is just a little Columbus Day trivia, Bob.   It is interesting to note Columbus’s perseverance in talking to the right people and trying to put together the right deal to help him accomplish his vision.

Which is a lot like real estate investing.  You have to have a plan, you need to be committed to the plan and you have to see it through.  There will be some rough times but if you execute the objectives carefully the rewards could be great.

Bob – Walt, but Columbus had some failures.  He had a hard time selling his plan to Kings, Queens and countries until Spain said yes to him, he had to abandon the Santa Maria when it ran aground, he had a tough time as a governor in the New World and he spent a year in Jamaica after his ships rotted.

Walt – You know your history and yes he did have some failures but he was in the right place at the right time. And that brings me back to commercial real estate.  The discovery of America would certainly have taken place within a short time span from 1492.  It’s all about timing!

With investments in commercial real estate it is so much about timing, and now is the time to consider investing in commercial real estate.  Values are down significantly from the 2007-2008 highs.  There is an opportunity in this market to acquire outstanding values in real estate, but you have to have a plan. It is similar to Columbus, he had a vision for what he wanted to happen and he pursued it with great passion.  Did he have some up and downs, sure he did but he kept his focus and today we celebrate his day, Columbus day.

Bob – Walt hat else do you have for us and how can people get a hold of you today?

Walt – Thanks Bob, call Walt Arnold at 256-1255 or check us out on the web at waltarnold.com.  At Sperry Van Ness we have the experience and resources to help you navigate these difficult Commercial real estate waters to help people find great values in today’s commercial market.  Give us a call and we can set up an appointment to show you how.  Thanks for the time today Bob, have a great week.

CRE Report 09.27.2011

September 27, 2011 at 11:21 am | Posted in Market Reports, Radio Show Reports, Videos | Leave a comment
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End of Summer CRE Summary Video

Follow me on Twitter and Facebook or visit my website waltarnold.com for more info.

Who Needs a Loan Sale Advisor? By: Patrick Blount

April 14, 2011 at 10:06 am | Posted in Uncategorized | Leave a comment
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Who needs a loan sale advisor? Great question, as my attorney says of loan sales, “it’s not exactly rocket surgery.”  In addition there has never been more capital available for the purchase of distressed debt.  Problem banks with problem loans make the headlines in newspapers every day.  Bankers are inundated with calls from prospective loan buyers or “vultures” as my banker friends call them.

So “who” does need a loan advisor?

Not banks who are unconcerned about creating an arms length transaction;

Not sellers that personally know several hundred qualified buyers;

Not banks with workout departments experienced in file assimilation for due diligence; conversion of paper files to electronic files; development of relevant loan data spreadsheets; and creation of a marketable loan summary

Not sellers with special asset departments prepared to obtain confidentiality statements from scores of curious potential bidders; with sufficient staff to police the actions of those people receiving such confidential information; with the ability to evaluate and understand indicative bids, letters of intent, loan sale agreements, buy back provisions, eleventh hour re-trading and closing documents;

Not banks that have executive staff well versed in dealing with sophisticated loan buyers that have been involved in hundreds of millions, if not billions, of dollars in previous distressed loan purchases;

Not lenders that don’t have to answer to a board of directors regarding lender liability; did we get a “fair” price, much less the “best” price; do we have ongoing liability; who is this company or person that is now out collecting, or trying to collect, on our documents with our bank name plastered all over them;

And certainly NOT banks with a proven, written business plan in place of how they will price loans, market them efficiently, sell them without recourse and maximize their collection efforts.

Come to think of it “who needs a loan sale advisor?”

For More Information on Patrick Blount and Benewolf’s services visit Patrick’s blog here

For more info on Walt Arnold/Sperry Van Ness Visit my website www.waltarnold.com

Also be sure to check me out on Facebook and Twitter

Video CRE Report 3.21.10 – Spring Cleaning Maintenance Tips for Owners

April 4, 2011 at 6:09 pm | Posted in Radio Show Reports, Uncategorized, Videos | Leave a comment
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Every Monday Morning Walt Arnold, Managing Director of Sperry Van Ness/Walt Arnold Commercial Brokerage in Albuquerque, NM sits down with 770 KKOB raido host Bob Clark to discuss commercial real estate. I this episode Walt give property owners a maintenance tips to help prevent any costly repairs. Also Walt talks about a few bank owned property listings in the Albuquerque area.

Video Commercial Real Estate Report 3.14.2011 – Helpful Tips for Earnest Money Deposit

March 30, 2011 at 1:47 pm | Posted in Radio Show Reports, Videos | Leave a comment
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Follow me on twitter @waltarnold and on Facebook www.facebook.com/walt.arnold

If you interested in property in the Albuquerque Area visit my website www.waltarnold.com

Thanks,

Walt Arnold

CRE Report 3.21.2011 – Spring Cleaning: Maintenance tips for owners.

March 23, 2011 at 3:31 pm | Posted in Uncategorized | Leave a comment
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Bob – Walt, as we head into springtime, are their some spring cleaning details commercial properties owners should be thinking about?

Walt – Good morning Bob, yes there are and it is a good time to think about some preventive maintenance items.  As the weather starts to warm up and with the time change it is time for maintenance and here are a few items to consider.

1.Check the timer for outside lighting so it is coming on and going off at the correct times.

2.Change batteries in any systems that require it, for example smoke detectors, backup batteries for lighting interior lighting and any other critical systems that require batteries.

3.Many events are scheduled throughout the year, but use the time change for fire inspection, alarm inspections, elevator inspections, and parking lot inspection for restriping or sealing.

4.It’s also time to service the refrigeration equipment for air conditioners and coolers for the upcoming warm up.  Make sure filters and evaporative coolers are serviced and for refrigerated air conditioning it is important to clean the coils and change the filters.  The systems will run much more efficiently with regular maintenance.

Bob – So the saying an ounce of prevention….

Walt – Yes it really is amazing, if an owner will spend a few dollars on periodic maintenance how much it will save in the long run. One area this is very evident is on roofs. During the spring and fall when we don’t get much rain it gives the roofer time to inspect the roof and do the preventative maintenance required. Maintaining roofs twice a year will save thousands of dollars over the life of the roof.  Don’t forget to inspect the roof or gutters for leaves or any debris that might clog up a roof drain or canale.

Bob – Anything else for us today?

Walt – I would like to mention that we manage almost 600,000 square feet of commercial space and if anyone is thinking about a need in commercial real estate property management services, give me a call and we can set up a meeting to discuss our services.

Bob, I also want to talk about some bank owned properties we are selling.  The first is 3701 San Mateo a 12,000 square foot office building for $1,200,000.  The second is 521 Rankin an industrial property just south of Comanche, west of I-25 7,800 sf for $544,000 and we also have a 3,000 square foot restaurant on Zuni just east of San Pedro.  Call me for details.

Bob – How can people reach you today?

Walt – Thanks Bob, call Walt Arnold with Sperry Van Ness, my direct line is 256-1255, website is waltarnold.com, you can also follow me on twitter @waltarnold. We know commercial real estate we do it all day, every day, and very well, give us a call.  Go Lobos.  Bob, have a great week!

CRE Report 3.14.11 – Protecting Your Earnest Money Deposit

March 14, 2011 at 8:12 am | Posted in Radio Show Reports, Uncategorized | Leave a comment
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Walt – Good Morning Bob.  Fortunately, I haven’t had a major earnest money dispute, at least not yet.  In a commercial transaction there can be a significant amount of money in a deposit. In a residential transaction the consumer protection laws will help to enforce the contract.  But in a commercial transaction a judge in court usually decides the ambiguous language.  Let’s talk about some things to help protect the earnest money deposit.

1. Make the contract terms clearly spell out what happens to the earnest money upon termination of the contract.

2. Get good counsel.  If there is any doubt of the language get an attorney to review the document and make sure it has language that will work for all parties and situations that might come up.

3. Termination notices should be broadly worded, for example if there is specific termination language in the contract the court might find the specific language to be invalid, but then rule that a purchaser might still be bound to the rest of the contract, so make terminations broadly worded.

4. Make sure the person holding the money is an unbiased third party.  A good idea is to put the money in a title company and not one party’s agent or attorney.

Bob – What else is going on in the commercial real estate world?

Walt – I think an interesting project to watch will be the redevelopment of the rail yard buildings and land just south of downtown.  This is a very unique property abutting the Barelas neighborhood.  Mayor Berry called it a Diamond in the Rough and it really is, if they do it right it could be an outstanding project.  It is a joint venture between Samitaur and Build NM.

Samitaur is known for re-development of urban blighted areas such as Conjunctive Points, a mixed use project in Culver City which is located next to Los Angeles.  So I wish the best of luck to Samitaur and Build NM in redeveloping the rail yard project.

Bob – How can people get a hold of you today to talk about commercial real estate?

Walt – Thanks Bob, call me Walt Arnold at 256-1255, website waltarnold.com also follow me on Twitter @waltarnold.  Check us out!  Sperry Van Ness is a national commercial real estate company with 160 offices across the country.  We help people make wise real estate decisions with specialists in commercial sale, leasing, property management, tenant representation, auctions and loan sales, if it involves commercial real estate call us we can help.  Thanks Bob have a great week.

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