President's message: Where can you look for value today?
Value. There I said it. It is what we are all looking for. We are not looking for "inexpensive" or "cheap." Think about if you advertised your building or your interest rates as the "Cheapest in Town," that has negative connotation written all over it. Like the Kool-Aid Guy breaking through your wall, "cheap" is something that is always a letdown. So where can you look for value today?
Well for those who have already paid for their CCIM dues lets look under one obvious stone. STDB Online.... "Wait Chris, I have already heard of its virtues please don't write another article about STDB." ... fair, but lets look at it this way. In the month of May 49,385 reports were ordered using the Site Analysis function on STDB. These reports retail at $25 to $100. If we use the low end figure then in May alone there were $1,234,625 worth of reports ordered from CCIM members, at a cost of what $600 per year to national? Question: Were you one of the ones getting that value? To find out more about STDB, mark your calendar for November 19th when we will be unveiling some great new tools in a full day session.
I have discussed before the value of education. CCIM education sure ain't cheap! But it does have a high value. If you are looking to start their career in the CCIM program, look to our Intro Course in Providence. For the price of a Lambeau Field ticket for Brett Farve's return you can begin on an education program that is the best value for all commercial real estate ($325). If you already have your Pin and you want a two day intro refresher course, or just want to see some of the new technology pieces you can retake the Intro course for the price of a Detroit Lions ticket ($150). P.S. That would probably buy the team outright.
If you are looking for value, we have it with a capital V. Let us know how we can help you get the most out of the CCIM program. Our chapter leadership is here to help you take away value. Visit www.neccim.com for more details.
Chris Norwood is the 2009 president of the New England CCIM chapter, Bedford, NH.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,