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

How one hotel could transform an entire working waterfront, and the bright spots in Chicago’s real estate market

12.12.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The Wall Street Journal: Gloucester fights over its identity Proponents of Gloucester, Massachusetts’ traditional fishing industry are trying to reel in the city’s recent commercial real estate moves.  A development group broke ground on a waterfront hotel in hopes of adding to the city’s tourism industry, but many local residents want to preserve the city’s famed fishing and seafood roots.  Waterfront redevelopment typically heralds …

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A bright future for commercial real estate, and Denver’s investor power surge

12.5.14
Posted by:
Ray Cirz
Ray Cirz

Here are the top news stories you might have missed the past two weeks: The Wall Street Journal: Commercial real estate prospects appear bright for 2015 2015 is expected to be a great year for the commercial real estate market, according to a report from the National Association of Realtors.  Vacancy rates in the retail and industrial sectors are expected to drop, office occupancy rates will edge down slightly, and rents are predicted to increase.  …

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Sears Gets Creative – A Guest Post from Llenrock Group

12.1.14
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. I suppose one of the most essential traits of any business leader – whether s/he is involved in an entrepreneurial venture or simply trying to keep a corporation afloat – is creativity. Sure, you have to be good with numbers, you have to be pragmatic, and you certainly need to understand your industry, market, …

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A futuristic park will float on top of the Hudson River, and new proof all malls aren’t dying

11.21.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: Curbed: $130 million ‘Pier55′ park looks like something out of Avatar Move over Central Park, there’s a new green space taking over the New York spotlight.  Billionaire Barry Diller and his wife Diane von Furstenberg are donating $130 million to build a 2.7 acre park that will sit on top of the Hudson River.  The ameba-like structure, which will be filled with gardens, walking paths, …

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Developing condos for doomsday-minded Americans, and Class B offices in New York City go green

11.14.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The New York Times: Manhattan’s second-tier office buildings make energy efficiency a goal While Class B office buildings might not have the prestigious addresses or luxury perks of New York City’s Class A spaces, they are following in the footsteps of some of New York’s most famous buildings by going green.  Backed by government policies and pushed for by landlords, office buildings all over …

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Office buildings are gaining value in D.C., and Memphis says goodbye to the CRE blues

11.7.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The Wall Street Journal: Commercial-property prices in D.C. go their own way: Up Washington, D.C.’s office market is beating the odds.  The city’s been seeing significant growth in the office sector for the past six months, even in the face of high vacancies and stagnant rents.  Office prices are on the rise across the metro-area, with investors paying 29% more per square foot for …

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IRR’s San Diego Office Earns Two More Accredited Designations

11.5.14
Posted by:
Jeff Greenwald
Jeff Greenwald

Recently, IRR’s San Diego office received many accolades, including the $2 billion milestone for hotel and lodging valuations and the recent MAI designation given to San Diego’s Eric Schneider for his expertise in the valuation of commercial, industrial, and residential properties, as well as his experience in advising clients on real estate investment decisions.  Today, IRR – San Diego adds to our growing list of accomplishments with two accredited senior appraiser designations. Both myself and …

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Savannah becomes America’s next great port city, and Boston tries to lure in manufacturers

10.31.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: Bloomberg: Savannah surges as mighty gate for imports on U.S. growth Savannah is transitioning from sleepy southern hamlet to America’s next big international port.  Twenty years after local officials built a large warehousing complex near the then small port, Savannah’s been on the rise, and has quickly become the second busiest U.S. port, only behind New York City.  Large retailers like Target and Home …

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Next Moves – A Guest Post from Llenrock Group

10.30.14
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. Amazon.com, one of the great success stories of the late-90s tech boom and an e-commerce juggernaut of the last decade or so, rarely shies away from surprising investors, customers, and the media alike. While Amazon (NASDAQ: AMZN) is no longer the world’s largest eCommerce company–having lost that title following Alibaba’s(NYSE: BABA) record-setting, $25B …

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How the energy sector is ramping up CRE investments in Houston, and reasonable rents drive investors to Philadelphia

10.24.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: Houston Business Journal: Houston named No. 1 real estate market to watch in 2015 Investors worldwide have targeted Houston as the next big U.S. market for commercial real estate.  The city was recently ranked by the Urban Land Institute and PwC as the top market for investment and development prospects, the second hottest market for office and multifamily, and fourth for hotel investment.  Much …

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