NAI Martens, Wichita Commercial Real Estate NAI Martens 

What Does the Smart City Mean for Our Future?

naimartens

The Smart city market is projected to reach $400 billion by 2020. The type of data analysis that is made possible through Smart cities will become invaluable for identifying prospective investments, new or re-development, attracting tenants, and building better infrastructure. One tech leader, Cisco, is pouring hundreds of millions of dollars into Smart city projects all over the world including in San Jose and Chicago. Electricity giant GE (General Electric) has joined with city governments in San Diego, CA and Jacksonville, FL to test pilot Smart cities there. Will this…

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Martens Companies 

Best Western Plus Patterson Park Inn at Southwestern Football

Katie Fernando

The hotels that Hospitality Management LLC runs like to take part in their local communities. The Best Western Plus Patterson Park Inn, located in Arkansas City, is no exception and participated in one of their favorite community events this past weekend. The Patterson Park Inn has partnered with Southwestern College and made it a tradition of having a TV giveaway at senior night games. Last weekend the team attended the football game. They gave away of 50-inch Smart TV and also ran a hot chocolate bar for the game attendees.…

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Martens Companies 

Frequently Asked Questions About Commercial Real Estate Appraisals

Martens Appraisal

At Martens Appraisal we complete over 600 commercial appraisals a year and have a team of experts with over 100 years of combined experience. But if you have never been through the process of getting a commercial real estate appraisal, it can be a little daunting.  It is a detailed process that is going to vary depending on your property type and the scope of work.  Here at Martens Appraisal, we strive to make the process as painless as possible.  To that end, we put together a list of some…

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NAI Martens, Wichita Commerical Real Estate NAI Martens 

How to Choose the Best Location for Your Industrial Property Investment

naimartens

Everyone knows that in real estate, it’s ‘location, location, location’, but what else? When it comes to commercial property investments, there are a lot of other factors that go into play that makes one location better than another. Should you choose to purchase industrial property, you have to decide whether or not to locate in your headquarter city or to move your operations to a more economically attractive city. The Best Location Depends on the Industry Generally speaking, industrial real estate is located in what are considered bad locations: heavily…

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Martens Companies 

Commercial Real Estate Appraisal Report Types Explained

Martens Appraisal

The latest installment of our education series of articles is going to take a look at the report types that we offer. While all commercial appraisals require a complete appraisal analysis done by the appraiser, the degree in which the details are presented to the client is dictated by the report type. What is the Difference Between Appraisal Report Types? The main difference between the report types is the amount of detail presented within the appraisal. 2014 Report Type Change Overview As of 2014, there are now only two appraisal report…

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NAI Martens 

Are Global Investors Looking to Add Industrial Real Estate to their Portfolios?

naimartens

According to the 2018 Global Real Estate Outlook compiled by PwC and ULI, investors all around the world are adding industrial assets to their portfolios. Why is that and is it a good decision considering the global volatility brewing? Why global investors Are Interested in Industrial Real Estate Multifamily, office, retail, they are all facing some challenges right now. Prices in many primary cities for housing are reaching pre-recession levels. Office is seeing a complete redesign and overhaul. And retail, well retail is perhaps seeing the biggest changes of them…

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Martens Companies 

What Does a Commercial Real Estate Appraiser Do?

Martens Appraisal

So what does a commercial real estate appraiser do anyway? When people think of appraisers they normally think of residential appraising.  It’s natural because most people’s only experience with an appraiser is when they buy a home.  The role of commercial real estate appraiser is not as well-known as it is for appraising residential properties, but they are built on the same principles. In the broadest terms, commercial appraisers estimate the value of different types of commercial properties including land, office buildings, industrial buildings, shopping centers, and hotels. Valuation of…

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NAI Martens 

Is Industrial Space Going Vertical?

naimartens

Inventory space is going vertical as property parcels get smaller and more expensive. For years now the industrial market has been flying high thanks to global e-commerce. We’re now approaching near full occupancy with a shrinking inventory of industrial supply coupled with ongoing high demand for those assets; which is causing pricing to begin ticking up dramatically. In other words, fulfillment centers are housing more and more inventory to meet rising demands leading them to think expansion at a time when there are fewer and fewer options. Industrial is Going…

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Martens Companies 

Fed Beige Book: CRE Saw Modest to Moderate Growth

Martens Appraisal

Overall Economic Activity Economic activity expanded across the United States, with the majority of Federal Reserve Districts reporting modest to moderate growth. New York and St. Louis indicated slight growth, overall, while Dallas reported robust growth driven by strong manufacturing, retail, and nonfinancial services activity. On balance, manufacturers reported moderate output growth; however, several Districts indicated that firms faced rising materials and shipping costs, uncertainties over the trade environment, and/or difficulties finding qualified workers. Demand for transportation services remained strong. Labor shortages were broadly noted and were linked to wage…

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Martens Companies 

Best Western Plus West Lawrence Is Open

Katie Fernando

We are so excited to announce that our latest hospitality project, the Best Western Plus West Lawrence, is open! It has been a great experience seeing this hotel come together. The hotel was developed by the Martens Companies’ Hospitality Development of America LLC division, and is being managed by Hospitality Management LLC. General manager Judy Riling started working for the company in July getting everything ready for the hotel to open. The Best Western Plus West Lawrence features 112 rooms, a meeting room, fitness center, indoor pool, outdoor grilling area…

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