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

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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IRR-Orlando’s Charles Lentz and Stephen Matonis honored by the Appraisal Institute

08.12.14
Posted by:
John Albrecht
John Albrecht

Two of our esteemed professionals at IRR-Orlando were recently honored at the 2014 Appraisal Institute Annual Meeting for their stellar performance and dedication to the appraisal field.  Executive Director Charles Lentz, MAI, MRICS received the 2014 National Outstanding Service Award for his exceptional service and contribution to the Region X chapter of the Appraisal Institute, and President, Principal, and Managing Director Stephen Matonis, MAI, MRICS received the George L. Schmutz Award in recognition of his …

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Why multifamily origination is down, and new interest in health care properties

08.8.14
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: GlobeSt.com: It is not your imagination: MF origination is down this year Freddie Mac’s recent $1.2 billion K-Deal means more than just reaching an $80 billion landmark in total multifamily mortgages it’s securitized since 2009.  The transaction is representative of a growing interest in floating rate loans from borrowers.  The K-Deal also signals a decrease in multifamily origination, possibly due to pent-up demand for …

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New IRR study forecasts Miami real estate trends: Foreign investment has transformed the condo market

08.5.14
Posted by:
Anthony Graziano
Anthony Graziano

Amid sensational headlines and conflicting reports about the future of Miami’s real estate market, the Miami Downtown Development Authority (DDA) retained IRR-Miami to assemble accurate metrics and interpret current trends within the Greater Downtown housing market to help inform future planning and development decisions by providing comprehensive research on the state of the market. This report provides insights on the multitude of new projects currently being constructed in the Greater Downtown Miami market, and offers …

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