Martens Companies 

What The Green New Deal Means For Commercial Real Estate

The Green New Deal would lead to significant overhauls in how U.S. real estate is developed and how Americans go about their daily commute. The bill, which is not expected to pass an upcoming vote in the U.S. Senate, also calls for “upgrading all existing buildings in the United States.”  The Green New Deal, introduced by U.S. Rep. Alexandria Ocasio-Cortez (D-NY) and U.S. Sen. Ed Markey (D-MA), promises to tackle both global warming and income inequality. The bill warns global warming will cause the U.S. to lose $500B in economic output by…

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NAI Martens 

Thinking About Investing in an Opportunity Zone? Consider This First

Opportunity Zones is a new buzzworthy concept that has investors’ interest piqued. Areas of the country that have been left behind after the Great Recession have been deemed Opportunity Zones and are now getting a refresh with private capital and development. Now that we have established what Opportunity Zones are, what makes them so attractive to investors? Investing in Opportunity Zones offers federal tax incentives for realizing the capital gains into the opportunity funds, which are used to propel business and commercial real estate development in the low-income areas that…

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Martens Companies NAI Martens 

Four Veteran NAI Martens Brokers Buy Majority Stake in the Firm

WICHITA, Kansas – Four NAI Martens senior vice presidents are purchasing a majority stake in the company, which is Kansas’ largest full-service commercial real estate firm. The four veteran brokers – Jeff Englert, Grant Glasgow, SIOR, Kris Wessel and Nathan Farha, CCIM – have a combined 66 years of experience with firm and have been instrumental to NAI Martens’ success over the past two decades, said CEO Steven J. Martens, CPM, CCIM, SIOR, who remains a shareholder of the firm. “For more than 70 years, our firm has generated commercial…

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Martens Companies 

The impact of the Polar Vortex on US hotel Performance

January temperatures chilled parts of the United States to record lows as hotel performance in some markets froze while others cranked up the heat. On 3 January, a few sections of the Polar Vortex split away from their usual area over the North Pole, and moved down to the United States’ Great Lakes area. With these splits came temperature drops and wind chills below minus 40 degrees Fahrenheit, the coldest since the early 1990s, according to the National Weather Service. The effects of this Polar Vortex split will be felt…

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Martens Companies 

Apartment (Multi-Family) Appraisal Services

Martens Appraisal provides expert commercial appraisal services for apartment (multi-family) properties throughout Wichita and Kansas including Sedgwick, Butler, Reno, Harvey, Sumner and Kingman Counties. Martens Appraisal provides apartment (multi-family) appraisals. We have experience in a variety of apartment (multi-family) types including duplex portfolios, FHA properties, large apartment complexes, age-restricted, LIHTC properties and assisted living properties. Whether you are a tenant in need of understanding the market lease rate for space, an investor considering purchasing, or a bank in need of an appraisal to accompany a loan, Martens Appraisal can help.…

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Martens Companies 

STR: US hotel results for week ending 16 February

During the week of 10-16 February, U.S. hotel occupancy rose 0.7% to 63.5%, ADR increased 2.7% to $131.99 and RevPAR rose 3.4% to $83.88. The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 February 2019, according to data from STR. In comparison with the week of 11-17 February 2018, the industry recorded the following: • Occupancy: +0.7% to 63.5%• Average daily rate (ADR): +2.7% to US$131.99• Revenue per available room (RevPAR): +3.4% to US$83.88 Among the Top 25 Markets, San Francisco/San…

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NAI Martens 

6 Tech Amenities All Office Tenants See as Must-Haves

Today’s tenants demand a lot from their office spaces, particularly when it comes to technology. An office space can do wonders in attracting and retaining talent with the tech amenities being at the top of many tenants’ wish lists. Here are six tech amenities all office tenants see as must-haves. Applications Hosted in the Cloud The Cloud is what propelled the flexible work generation. This allows people to work from virtually anywhere that has a WiFi connection. This is a huge benefit for those in commercial real estate because these…

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Martens Companies 

Martens Appraisal Litigation Support

Martens Appraisal professionals have served as expert witnesses and have provided valuation and advisory services in connection with bankruptcies, eminent domain, utility and pipeline easements, adverse possession, condemnation, condemnation appeal, inverse condemnation, divorce settlements, breaches of contract, tax appeal, and tenant-landlord disputes among others. Our experts have testified in local, state and federal courts. Marten’s Appraisal litigation support professionals are dedicated to assisting clients with the planning, preparation and presentation expertise that is unique to real estate-based legal challenges. OUR CAPABILITIES Martens Appraisal has the resources to help solve any…

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NAI Martens 

Does Your Brokerage Need a CTO?

Many of the top commercial real estate firms around the world have hired a Chief Technology Officer to manage all the technology the brokerage uses to operate. Every single commercial real estate firm in today’s day and age is a tech company essentially, which means hiring a CTO could elevate the firm to the next level. What Does a CTO Do? A CTO oversees all of the implementation and adoption of new technology for the firm. The CTO makes sure that the brokerage has all of the right technological solutions…

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Martens Companies 

Hotels Expect Lift over President’s Day weekend, dip on Monday

A look at U.S. hotel performance data for the past three holiday weekends shows gains for Friday to Sunday, but losses on the actual Presidents Day holiday on Monday. Comparison of STR hotel performance data for past Presidents Day weekends shows an increase in both average daily rate and demand, resulting in a significant boost to revenue per available room, particularly on the Saturday. For this data snapshot, STR studied U.S. hotel performance data over the past three Presidents Day weekends (2016-2018). STR is the parent company of Hotel News Now. Hotels…

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