CRE Report 05.14.12
May 16, 2012 at 11:19 pm | Posted in Radio Show Reports | Leave a commentTags: 401 San Pedro, Auction, opportunities, preventative maintenance, property maintenance, property management, radio show, repairs, roof, ROof Repair
Property Maintenance
Bob – Walt, what do you have for us today?
Walt – Good morning Bob. I thought it would be a good time to talk about some property management. One area where a few hours of investigation in property management can save thousands of dollars is preventative maintenance on the roof.
Bob – Walt the thought of the roof and any repairs makes me think of one question, “How much is it going to cost”?
Walt – Well roofs are expensive and the way to keep the costs down is to make the roof last as long as possible and minimizing repairs. The word is “preventative maintenance”. Basic roof maintenance can save thousands of dollars byincreasing the life of the roof and reducing maintenancecosts. Here are some basic bare bones tips on roof maintenance:
1. You can’t see the roof from the ground. I know this sounds elementary but someone has to get on the roof to survey any maintenance issues.
2. Check for ponding on the roof. Areas of ponding will cause problems. Get with your roofer and determine a course of action regarding ponding.
3. Take pictures or have your roofer take pictures and make notes on each photo. It is so much easier to understand when you can see the problem.
4. Make sure the roof drains and canales are free of debris. A clogged drain can lead to severe roof problems.
A few dollars for the inspection and maintenance of necessary repairs can save thousands of dollars if the roof can be maintained and repairs kept to a minimum. Conduct a roof inspection at least once a year, twice is better.
Bob – Walt, Sperry Van Ness manages a substantial portfolio of commercial properties, can you tell us a little more about your property management services?
Walt – We manage approximately 500,000 square feet of commercial space and work diligently every day to preserve the asset and increase the cash flow. Property management is the nuts and bolts of the commercial real estate industry. Irene Carr, property manager, and Barb Buell do a great job in handling the day-to-day details of serving our owners, tenants and managing the properties.
We manage vendors, contractors, pay bills, collect rents, deal with insurance and mortgages and provide in depth analyses on all activity on the property and also provide financial reports on a monthly basis. Get out of town and let us handle all the details!
Bob – How can people contact you to discuss commercial real estate?
Walt – Quickly, I have to get in a word on the auction of 401 San Pedro. Originally listed at $330,000. Opening bid is $199,000. Call me for details at 256-1255, don’t miss this opportunity. Auction is next Wednesday May 23, 2012 from 1:00 AM to 3:00 PM. It’s an online auction. Get signed up and participate in this excellent opportunity. Also follow me on twitter @waltarnold or become a fan of Sperry Van Ness on Facebook for daily up to date Abq CRE news updates. Bob, have a great week!
CRE White Paper
February 6, 2012 at 12:22 pm | Posted in Whitepapers | Leave a commentTags: albuquerque, Albuquerque Commercial Real Estate, asset, Balance Sheet, CRE, CRE White Papers, financing, Getting YOur Property Financed, Income Statement, Mortgage, mortgage rates, opportunities, recession, White Papers
Getting your property financed
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Albuquerque CRE Report for 01.09.12
January 9, 2012 at 10:35 am | Posted in Radio Show Reports | Leave a commentTags: albuquerque, Albuquerque Commercial Real Estate, Buy, CRE, investment, investors, Lease, leased space, New Years Resolutions, opportunities, radio show, real estate, Sell, sperry van ness, tenant, tenants, walt arnold
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.
SIOR Conference
November 21, 2011 at 6:30 pm | Posted in Radio Show Reports, Videos | Leave a commentTags: albuquerque, Albuquerque Commercial Real Estate, Bank Owned CRE, Chicago, distressed assets, investment, market report, opportunities, SIOR, sperry van ness, walt arnold
CRE Video Report 10.27.11
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CRE Report 09.27.2011
September 27, 2011 at 11:21 am | Posted in Market Reports, Radio Show Reports, Videos | Leave a commentTags: Advice, Albuquerque Commercial Real Estate, construction industry, Construction News, investment, investments, investors, market report, opportunities, real estate, recession, SIOR, sperry van ness
End of Summer CRE Summary Video
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CRE Report – Commercial Transactions on the Rise at SVN.
September 12, 2011 at 10:10 am | Posted in Market Reports, Radio Show Reports | Leave a commentTags: 9/11, Albuquerque Real Estate, Albuquerque Real Estate News, Bank Owned CRE, economy, market report, opportunities, radio show, Real Estate deals, Real Estate Transactions, walt arnold, World Trade Center
Bob – Walt, what is happening in the world of commercial real estate this week?
Walt – Good morning Bob, the market appears to have a little more traction. We are getting a little more interest from buyers and tenants and more general activity in calls and on our listings and from customers looking for space. There does appear to be a slight uptick in the market and hopefully it will continue.
Bob – You mentioned to me your company Sperry Van Ness has had some recent deals.
Walt – Yes we have, we had a sale of a 12,000 square foot building on San Mateo to an investor, which is good news, Ed Anlian in our office, had a sale of an office building on Montgomery, we had a long term lease of a 20,000 square foot building on San Mateo and also represented a full floor financial services firm in a building in Uptown and not enough time to mention numerous other transactions. So as I said earlier the market does appear to be gaining a little traction.
Bob – So what do you think is changing in the activity level? Are banks starting to loosen up their ability to fund these deals or is it something else?
Walt – It is difficult to tell. Activity in the commercial real estate market is like swells in the ocean and sometimes those swells just come in a little closer to each other and little higher. So we need to watch this and hopefully it will be a trend that will continue.
Bob – What else do you have today?
Walt – Bob thanks, I would be remiss is I didn’t talk a little about the World Trade Project in NYC. This project is going to be a fantastic development. 1 World Trade Center will rise to a height of 1,362 feet, the height of the original WTC South Tower, an observation deck will be added that will be the same height of the original WTC North Tower and finally an illuminated antenna will rise to a symbolic height of 1776 feet.
The other buildings slated for the development are Tower Two-78 stories, Tower Three-71 stories and Tower Four-61 stories. All of these building will have state of the art life and safety features with great amenities and architectural presence. There will be two new transportation hubs (WTC Transportation Hub and Fulton Transit Center together serving over 500,000 passengers per day.
Along with all the structures is the Memorial, the two pools and cascading water features located on the footprints of the original two towers will honor the 2,983 victims of 9/11. Out of the ash and rubble rises an incredible project for the ages.
Bob – Thanks Walt, how can people get a hold of you?
Walt – Thanks Bob, call Walt Arnold at 256-1255, website waltarnold.com find me on Facebook or follow me on Twitter also. Bob, we have a lot of reasons today to be proud and thankful. Have a great week!
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