Martens Companies 

Commercial Lending in U.S. Remains Strong in 2019

According to CBRE Research, commercial real estate lending activity in the U.S. was strong in the first quarter of 2019, with equity and debt markets calmed by the Federal Reserve’s decision to hold firm on rates. The CBRE Lending Momentum Index, which tracks the pace of commercial loan closings in the U.S, was relatively unaffected in Q1 2019 reaching 239–an increase of 17.9 percent year-over-year. “Despite recent volatility in the debt and equity markets, the Fed’s decision to leave borrowing costs unchanged has created a favorable commercial lending environment and…

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NAI Martens 

Will Modular Construction Work for CRE?

If you spend any time at all in the residential real estate world, or know anyone who does, you’ve no doubt heard of the prefab revolution. In fact, there’s a saying that’s going around in residential real estate that your next project won’t be built — it will be manufactured. New advances in building technology and materials are helping today’s manufactured or modular houses shake the negative stereotypes and connotations of the prefab homes from days gone by. But could this revolution ever make its way to commercial real estate?…

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Martens Companies 

Multifamily Borrowers Still Have Lots of Options for Constructions Financing

Multifamily Borrowers Still Have Lots of Options for Constructions Financing Investors can still find the financing they need to develop apartment properties. “If you can get a site to build, there are people who would love to lend on it,” says Bill Leffler, vice president in the multi-housing group of real estate services firm CBRE. Interest rates remain low and many lenders are willing to make multifamily construction loans. However, these lenders have become more cautious as the cost of construction has grown faster than apartment rents in many parts of…

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NAI Martens 

Glenn Cox Completes Emerging Leaders Program

Recently the Wichita Business Journal’s Emerging Leaders program wrapped up. This was the fourth class of Emerging Leaders. The program allows participants to take classes at the Kansas Leadership Center and participate in panel discussions with fellow members. NAI Martens commercial advisor Glenn Cox was a part of this year’s group. The Business Journal asked each participant questions about the program, below are Glenn’s thoughts on the experience. What did you get out the program?  I have gained new perspectives by listening to other members and community leaders. I leave…

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NAI Martens 

5 Questions to Ask When Hiring a CRE Broker to Help You Lease Space

When you are in the market to lease commercial property, your commercial real estate broker will be one of the keys to your success throughout the real estate transaction. Before you commit to anyone, you should always take the time to properly assess the ability and skills of the broker, in order to select the right broker for you and also ensure success. It’s important that you don’t take everything — and everyone — and face value here. You will need to dig a little deeper, asking the right questions…

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NAI Martens 

How to Find a CRE Listing Agent

in most cases, a listing agent gets paid once the deal is closed. A listing agent who isn’t hard pressed for a big commission check will be less tempted to rush through negotiations or settle for an offer that doesn’t reflect the true worth and value of your property. A thorough and precise individual While the personality of your listing agent may seem like something that is more of a nicety than a necessity, it’s important to understand how several key characteristics can have an impact on the success (or…

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Martens Companies 

What are the steps of a Commercial Appraisal?

Commercial appraisals are a fundamental part of assessing the value of a property but the appraisal process can be quite overwhelming, especially for those who haven’t gone through the process before. At Martens Appraisal, we perform over 600 appraisals a year for over 100 different lending institutions. We have experience with all sorts of property types and are here to help. So let’s take a look at the steps of the commercial appraisal process. Identify the Problem Our first step is to determine the client, the intended use of the…

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NAI Martens 

5 Ways to Prep Your CRE Property for Listing Photos

“Use a picture. It’s worth a thousand words.” — Tess Flanders, newspaper editor The notion that a picture is worth a thousand words is by now a cliche, sure — but that doesn’t mean that it’s not true. In fact, quite the opposite is actually true. When it comes to marketing any commercial property, one of the best and smartest investments that you can make is in professional photography of your space. But why? The answer is simple. High-quality photography can be used across a number of different marketing touch…

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Martens Companies 

How climate change could affect the hotel industry

Data supports the increasing frequency and very real impact of extreme weather events on the hotel industry, so what are hoteliers to do to ensure that their properties survive? Hospitality Management is pleased to share this article from Hotel News Now. By  Jan Freitag@ HENDERSONVILLE, Tennessee—Climate change is real, and will be real for decades to come. While efforts to increase sustainability measures are laudable—and countries and companies have made real efforts to decrease their carbon footprints—at this point, it’s all a bit too little and likely a bit too…

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NAI Martens 

Millennials vs. Gen Z: 4 Things Agents Need to Know

Millennials are currently the age group most heavily impacting many industries, including commercial real estate, but Generation Z is hot on their tails. Gen Y, more commonly known as Millennials, are currently between the ages of 23 and 38 and were born between 1981 and 1996. Generation Z is the newest named generation, and are between ages 3 and 23 years old. Both generations have grown up with technology in the majority, if not all, of their adult lives. America’s younger generations have also been put in an interesting economic…

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