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

Atlantic City’s genius redevelopment idea, and millennials rule the multifamily sector

09.26.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The New York Times: The wrecking ball targets a former Army base New Jersey’s Fort Monmouth is performing an about-face, transforming from a military hotbed to an extensive mixed-use park.  CommVault, a data and information management software company, recently moved into a $100 million building on base, and now residential, retail, and commercial real estate developers have shown interested moving to the 1,126 acre …

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Seattle’s boom moves beyond multifamily, and tech firms are reshaping Chicago’s Skid Row

09.19.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: Seattle Daily Journal of Commerce: Seattle’s real estate boom has finally spread beyond apartments Seattle’s commercial real estate boom might be moving on from a multifamily blitz to an office revival.  More than 10,000 apartment units are expected to open this year, but developers are upping the ante by also adding more office space in the next few years.  Though Amazon and Microsoft have …

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IRR-Lehigh Valley Director Kent Brustlin receives MAI designation

09.15.14
Posted by:
Joseph Pasquarella
Joseph Pasquarella

Integra Realty Resources (IRR) has once again expanded the number of MAI-designated appraisers in our ranks as Kent Brustlin, Director of Integra Realty Resources – Lehigh Valley, becomes the latest IRR expert to receive his MAI designation from the Appraisal Institute.  This honorable designation recognizes appraisers who are experienced in the valuation of commercial, industrial, and residential properties, as well as advising clients on real estate investment decisions. Since joining the firm, Kent has demonstrated …

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Multifamily market stays hot in Phoenix, and tech firms choose Detroit over San Francisco

09.12.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The Wall Street Journal: Phoenix landlords are enjoying the market’s heat The Phoenix area continues to thrive thanks to serious economic recovery occurring in the region.  A strong job market has encourages more than 59,000 people to move to the area in the last year alone, and now the commercial real estate market’s reaping the benefits.  Vacancy rates dropped and rent rates soared due …

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IRR-Columbus becomes largest team of MAI-designated appraisers in Ohio

09.8.14
Posted by:
Bruce Daubner
Bruce Daubner

This month, IRR-Columbus rose to become the top firm in the state for total number of MAI-designated experts as Megan Glosser received her MAI designation from the Appraisal Institute.  Shortly after receiving this honorable award, which acknowledges Megan’s extensive valuation experience and real estate investment advising skills, Megan was promoted to Director of the Columbus office.  Our congratulations to Megan as she joins her 200+ MAI-designated peers at IRR – the largest such team of …

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Multifamily housings’ growth spurt, and a think tank reimagines Detroit

09.5.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: CoStar: Ripples from apartment supply wave beginning to impact market fundamentals As young professionals and baby boomers continue to flock to urban centers, developers are jumping on the multifamily bandwagon and churning out new units in key real estate markets.  New York City, Los Angeles, and Honolulu have all seen an uptick in the multifamily housing trend, with developers starting substantial projects in each …

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Convention centers head outdoors, and Austin, Tex. retail continues to thrive

08.29.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The New York Times: Fresh air for conventions Attending a convention no longer means being trapped inside all day.  Convention centers throughout America are opening up their spaces and moving outdoors.  Renovation projects to convention centers in Detroit and San Antonio are adding more open spaces, which have proven to be a success in Pittsburgh and Anaheim.  Parks and plazas help integrate the space …

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Retailtainment: Pop-Ups and Concept Stores-A Guest Post from Llenrock Group

08.25.14
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.  Retail drives other retail, which means vacant store fronts are a significant liability for both landlords and their tenants. Outside of key retail hubs like Manhattan and certain regional shopping malls, retail vacancies are a major problem, even years after the financial crisis. The slew of retail closures and bankruptcies that afflicted the …

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The transformation of Kansas City, and master leases revive the medical-office sector

08.22.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The Wall Street Journal: Medical-office sector leans on the ‘master’ lease Master leases might be the newest wonder drug to hit the medical-office sector, which felt some serious pain after doctors began abandoning the independent-practice model under the Affordable Care Act.  In the past, the sector relied on small leases backed by individual physicians and small practices.  But today, large companies and organizations are …

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A university sparks development in Kentucky, and how cranberries are changing real estate

08.15.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The New York Times: A university’s partnership reshapes Bowling Green, Ky. A development district deal between a university and the local government is transforming 52 blocks of run-down buildings into usable space in Bowling Green, Kentucky.  Western Kentucky University, the second-largest college in the state, spent millions on new, downtown student housing to bridge the gap between students and the greater community.  The university …

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