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

NASDAQ: PLAY – A Guest Post from Llenrock Group

06.30.15
Posted by:
Ray Cirz
Ray Cirz

This post from Eric Hawthorn is part of our Llenrock Group guest post series and originally appeared on the Llenrock Group blog. Today we’re taking on a fun subject: entertainment and dining establishment Dave & Buster’s (NASDAQ: PLAY), which returned to the public stock market last fall in an IPO that raised $94MM (sure, it’s not the Hilton IPO’s more than $2B, but it’s certainly not a bad haul for a chain of approximately 70 arcades). The company …

Read More

Tags: , , , , , ,

More evidence proves the death of suburban office parks, and big hotels are splitting in two

06.26.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: GlobeSt.com: Class A rent growth goes nationwide It’s a good time to be an office landlord. Office rents are up throughout the country, and tenant-effective rents jumped to the largest year-over-year gain in four years. In about two thirds of U.S. markets, effective rents increased by more than five percent, and a few markets like Denver, Houston, and Philadelphia saw effective rents move past …

Read More

Tags: , , , , , , , , ,

There’s a Renaissance happening in Savannah, and a rags to riches story for Kansas City alleys

06.19.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The New York Times: In Savannah, where change is slow, an art district is catching on Savannah artists have long been trying to restore the city’s art district, but recently, the area has transitioned into the masterpiece citizens always hoped it would be. The area, called the Starland District, is filled with art galleries, retail stores, restaurants, and offices, and developers only predict continued …

Read More

Tags: , , , , , , , ,

The “B” word floating around New York City hotels, and one Atlanta project is turning heads

06.15.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed last week: Commercial Observer: A glut of NYC hotels is making some hospitality experts throw around the ‘B’ word If you’re visiting New York City, you shouldn’t have any problem booking a hotel room: More than 8 million rooms have been built in the Big Apple since 2009. But this trend is causing worry among industry experts. As more supply comes online, demand is weakening, and by …

Read More

Tags: , , , , , , , , , , , , ,

Tax credits help create affordable housing in Oklahoma. Here’s why I’m an advocate.

06.9.15
Posted by:
David Puckett
David Puckett

Affordable housing is more than a partnership of nonprofit organizations, charities, and government. For many low-income earners and families, homeless individuals, youths transitioning out of foster care, and senior citizens, affordable housing means living in a safe place that can be called home. In 2014, Oklahoma lawmakers passed the Oklahoma Affordable Housing Act, which created a state version of the federal Low Income Housing Tax Credit program. These tax credits are designed to decrease the …

Read More

Tags: , , , , , , , , ,

City lovers get a touch of green, and investors welcome Southern hospitality

06.8.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed last week: North Jersey Media Group: Developer bets on Englewood with new office building Bergen County, New Jersey is home to about a million people and plenty of unused office space — so why not build more? A development group out of Paramus is set to begin work on a 46,000-square-foot office building in Englewood, and the development will feature boutique space that mimics the trend …

Read More

Tags: , , , , , , , , , ,

Sacred Ground – A Guest Post from Llenrock Group

06.3.15
Posted by:
Ray Cirz
Ray Cirz

This post from Eric Hawthorn is part of our Llenrock Group guest post series and originally appeared on the Llenrock Group blog. As U.S. cities resume population growth and development interest increases across asset types, city officials and aspiring developers must address questions of space. After all, it’s all well and good to recognize that a market needs more residential options, or has a demand for new retail or office construction, but if there is …

Read More

Tags: , , , , , , , ,

Know your tax assessment rights: What we can all learn from Pennsylvania

06.2.15
Posted by:
Michael Silverman
Michael Silverman

Typically, property owners are the ones appealing their taxes and assessments in hopes of reducing their tax bill. But recently, Pennsylvania government entities with taxing authority – mainly school districts in a few counties – are appealing the assessments of commercial properties for the opposite reason, arguing they’re too low and the properties in question are undertaxed. The largest chunk of a local property tax bill often comes from the schools’ tax levy. In many …

Read More

Tags: , , , , , , , , , , , , ,

Retailers re-evaluate their omnichannel strategies, and a Minnesota town transforms into a medical amusement park

06.1.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed last week: The New York Times: Youngstown, Ohio, reinvents its downtown There’s more foot traffic than ever before in downtown Youngstown.  New investment in the city, which is known for its post-steel struggles, ushered in a wave of new commercial and multifamily development, and more is on the way.  Part of that push comes from the expansion of Youngstown State University, and developers are foreseeing college students …

Read More

Tags: , , , , , , , , ,

The NYC office market sets a new trend, and why multifamily investors like secondary markets

05.22.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The New York Times: Rejecting the cubicle for an expanse of space New York has always been a trendsetter, and one of the latest movements coming out of the Big Apple is superwides — uninterrupted office floors that span 100,000 square feet or more.  Companies are demanding this rare floor design, as many hope that connected employees will boost productivity.  While demand is up …

Read More

Tags: , , , , , , , , , ,