Insights and perspectives with the world's most experienced real estate valuation and consulting professionals.

Ground Leases: Dangerous Territory

04.27.16
Posted by:
Dennis Duffy
Dennis Duffy

Over the past 12+ months, IRR’s DC office has been involved with the valuation and analysis of more than 50 ground leased properties. It is our view that, at present, these assets appear to be widely misunderstood, not to mention incorrectly analyzed. It must be clearly understood that a ground lease creates two separate and distinct assets and each require independent analysis: The ground owner position (leased fee) and tenant position (leasehold). Why? Investors in …

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Making headlines: Integra Realty Resources’ first quarter news

04.26.16
Posted by:
Michael Welch
Michael Welch

Q1 2016 proved to be another active quarter for Integra Realty Resources (IRR). But before we dive too deep into Q2, let’s reflect back on the successes that made the start of this year a great one. To kick off the new year, we released our highly coveted Viewpoint 2016 report. This year’s report was bigger and better, with new property sections that we’ll continue to highlight throughout 2016. As a result, our senior managing …

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Why Airbnb is hurting NYC hotels (but not the only reason), and three more CRE stories

04.22.16
Posted by:
Michael Welch
Michael Welch

Here are the news stories you might have missed this week: New York Post: Airbnb’s cheap rates hurt Big Apple hotels big time It appears Airbnb has taken a bite out of the Big Apple’s hotels. Last year was the first time since 2009 that New York City’s hotel room rate declined despite more tourists than ever arriving in the city. Part of the reason why is Airbnb, which is taking a chunk of that …

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18-Hour Cities and CRE Investor Interest – A Guest Post from Llenrock Group

04.20.16
Posted by:
Ray Cirz
Ray Cirz

This post from Tatiana Swedek is part of our Llenrock Group guest post series and originally appeared on the Llenrock Group blog. In the evolving world of commercial real estate the most important foci of investing the big bucks is where the investor puts it. Larger cities including Boston, Chicago, Los Angeles, New York, San Francisco, and Washington D.C. are the top six cities that usually gain investors’ attention for a higher guarantee of investment return. These …

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Why Philadelphia developers love bikes, and more top stories in CRE this week

04.15.16
Posted by:
Michael Welch
Michael Welch

Here are the news stories you might have missed this week: Forbes: How humdrum self-storage became the hottest way to invest in real estate Investors who want solid returns are parking their money in self-storage. The proof is clear: Self-storage ranks third for returns among REITs, with performance up 40 percent last year. The population trends in this country – a booming retiree population, migration to the Sun Belt, and more millennials living in apartments …

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Boston’s new pencil tower, why Cleveland is growing, and more CRE stories from this week

04.8.16
Posted by:
Michael Welch
Michael Welch

Here are the news stories you might have missed this week: Commercial Observer: After years of ultra-luxury condo development, lenders are tightening the purse strings The flow of cash available to New York City’s luxury condo developers is beginning to dry up. Just a few years ago, these ultra-luxury condos were being bought up fast, but times have changed as the global economy shifts and demand from overseas has waned. Lenders are very cautious as …

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News headlining CRE last week: The Massachusetts city that’s thriving and more must-reads

04.4.16
Posted by:
Michael Welch
Michael Welch

Here are the news stories you might have missed last week: The New York Times: A red carpet for Amazon in Fall River, Mass., and hopes for more Though the big news for Fall River, Mass. is Amazon coming, local officials aren’t content quite yet. They’re hoping the addition of a 1 million-square-foot distribution center will help bring more redevelopment to this former textile town. The city isn’t far from Providence, and the mayor and …

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Midtown Manhattan is losing out to other neighborhoods, and other CRE headlines from this week

03.25.16
Posted by:
Michael Welch
Michael Welch

Here are the news stories you might have missed this week: The New York Times: Midtown landlords trim rents as corporate tenants flee to trendier addresses New York City is a destination city, but some landlords are realizing that a signature address isn’t as important as it used to be. Many office tenants are moving to high rises in up-and-coming and less expensive neighborhoods. The market, it seems, is now a tenant-driven market as the …

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For Investors, Class-A Multifamily is Out & Class-B is In – A Guest Post from Llenrock Group

03.23.16
Posted by:
Ray Cirz
Ray Cirz

This post from Tatiana Swedek is part of our Llenrock Group guest post series and originally appeared on the Llenrock Group blog. Class-A is out, Class-B is in. At least that’s true for investors. According to National Real Estate Investor, multifamily developers are starting to see more opportunity in value-add strategies for Class-B assets. There is a huge need for multifamily properties which better fit the financial needs of the average U.S. earner who wants comfortable amenities …

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IRR study: Natural gas pipelines don’t negatively impact home property values

03.21.16
Posted by:
Michael Welch
Michael Welch

Pipelines may have their supporters and detractors, but one thing is for certain: They certainly don’t bring down the value of your home. That’s the key finding of a study done by Integra Realty Resources on behalf of The INGAA Foundation Inc. – the presence of an underground natural gas pipeline doesn’t affect the sales prices or value of residential properties. For the “Pipeline Impact to Property Value and Property Insurability” report, IRR examined approximately …

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