Category: Real Estate News

eNeighborhoods Newsletter: Prospecting, Conversion and Sales

Florida based eNeighborhoods announced free monthly newsletter for real estate professionals. According to the press release, the newsletter will feature how-to articles, best practices and success stories from top real estate industry professionals and will help agents to:

  • Take control of prospecting and lead generation to develop an effective slaes pipeline
  • Learn best practices for effective prospecting and lead conversion
  • Organize lead generation into a system to prioritize and handle high volumes of leads
  • Recognize prospects with greater potential
  • Identify effective business strategies for local markets

Realtors Listings on FSBOs Websites

BOCA RATON, Fla.–(BUSINESS WIRE)–Continental Real Estate Group Inc., Hackensack, New Jersey, is the latest real estate company to post its real estate for sale listings on ByOwnerMLS.com, which features an online search engine loaded with virtually every “For Sale By Owner” (FSBO) property.

Continental Real Estate is a licensed real estate brokerage in 11 northeastern states and operates several websites, including MultipleListingSystem.com. According to Derek Eisenberg, e-PRO, Continental will leverage this new outlet to extend its reach in the marketplace.

“Pursuing every possible avenue for connecting our clients with eligible homebuyers is just part of our service,” said Eisenberg. “We are always seeking new opportunities to promote the properties we list. Our clients are selling high quality homes and there are buyers out there looking for properties like these.”

Continental’s listings are already on a number of Internet websites. Unlike many real estate brokers across the country, Eisenberg does not fear the FSBO movement. Rather, he plans to capitalize on it, leveraging sites like ByOwnerMLS.com to get his listings in front of buyers nationwide.

Kushner Companies Sells 17,628 Units

NJBIZ :

Kushner Companies has agreed to sell part of its multi-family residential portfolio comprising over 17,500 apartments in five states. The announcement comes just eight weeks after the Florham Park-based real estate firm put its portfolio of residential units on the market in the states of New Jersey, Pennsylvania, Delaware, Maryland and New York.

About The Company:

Kushner Companies is a diversified private real estate organization involved in the ownership, development, redevelopment and management of prime single and multifamily housing, commercial, retail, industrial and hotel properties throughout the Northeast and Mid-Atlantic regions. Headquartered in Florham Park, New Jersey, with executive offices in Manhattan, the company manages and grows its residential and commercial portfolios through its corporate offices and operating divisions. These include Westminster Management LLC, the residential management arm; Westminster Communities LLC, the construction division; Kushner Properties, the commercial leasing and management division; Westminster Hospitality, the hotel division; Westminster Capital Corp., which coordinates financing for the firm; and various acquisition and land development teams. The Company delivers in-house site selection, planning, development and acquisition, construction, financing, leasing, sales, marketing and property management.

Source: http://www.kushnercompanies.com/

Foreing Real-Estate Funds Are Booming

The Wall Street Journal is reporting boom in foreign real-estate funds:

It is getting easier to invest in Australian shopping malls and Norwegian office towers.

Financial-services firms are rolling out scores of foreign real-estate funds. In the past few weeks alone, Charles Schwab Corp. launched a global real-estate fund that is betting in part on strong rental growth in London office properties. WisdomTree Investments Inc. listed a new exchange-traded fund that tracks an index heavily weighted to Australia, Hong Kong and Japan.

Just this year, real-estate investment trusts were introduced in the U.K.

Several new closed-end funds, aimed at more-conservative investors, also have been launched, including Alpine Global Premier Properties Fund that began trading in April after raising $2 billion.

Investors have poured about $6 billion into foreign real-estate funds this year, substantially more than was invested in domestic property funds, according to Morningstar Inc. Those big inflows follow strong past returns for foreign real-estate-investment trusts, the main holdings of these funds, which rose nearly 31% a year in the three years ended April 30, according to Fidelity Investments. By comparison, U.S. REITs rose 22% in that period, while the S&P 500 was up 8.5%.

Tenant Reps and Commercial Realtors – What’s the Difference

Tenant Reps and Commercial Realtors – What’s the Difference
By Tim McEvoy

When you think of a business about to relocate to a new area, or renegotiate a lease for its present location, you might think the proprietors would consider employing a real estate agent or a lawyer to handle the various issues involved. While both are reasonable options, it may be more beneficial to the business owner to consult with a tenant representative instead. While a tenant rep is involved in commercial and industrial real estate, there are subtle differences between reps and Realtors every businessman should know.

Reps Work on Behalf of Tenants, Not Landlords

Many commercial real estate professionals exclusively represent tenants. Such exclusive tenant reps never work on behalf of owners and developers. Other real estate professionals divide their practice between both tenant and landlord representation.

The Society of Industrial and Office Realtors reports that more than half of those who have earned the Society’s coveted professional designation – “Specialist, Industrial and Office Real Estate” – have practices that include tenant representation.

Tenant reps have made a name for themselves during the past 10 to 15 years, since real estate agency laws required real estate brokers to disclose that they are working on behalf of the landlord, not the tenant. Your goal in working with a tenant rep is to obtain true economic savings and secure space on terms that best serve your needs over the life of your lease. While working on your behalf, a good tenant representative should generate savings and benefits that far exceed the cost of his or her professional compensation.

The Benefits of Working With a Tenant Rep

Having a tenant rep on your side can greatly empower your business and save you money in the long run. A tenant rep can:

  • Analyze your space needs.

  • Investigate all available properties and determine which are the most appropriate for your needs.
  • Create a bidding war among several landlords for your business.
  • Protect you during lease negotiations so that you come away with terms that meet your present and potential future needs.
  • Serve as a buffer between you and the landlord.
  • Identify lease provisions that could cost or save you money during the lease term.
  • Handle the paperwork and other details of the lease negotiation.
  • Settle disputes that arise even after the lease is signed.
  • Spotlight the savings.

The goal of the tenant rep is to satisfy the business owner, and determine the perfect location for all companies seeking to do business anywhere they choose.

Tim McEvoy operates Exclusive Tenant rep, a Virginia-based agency specializing in tenant representation for businesses and companies seeking to move to or with the greater Norfolk and Richmond area. Exclusive Tenant Rep serves companies by counseling business owners on lease negotiations, commercial property appraisal and inspections, and relocation solutions concerning Virginia commercial real estate.

Article Source: http://EzineArticles.com/?expert=Tim_McEvoy
http://EzineArticles.com/?Tenant-Reps-and-Commercial-Realtors—Whats-the-Difference&id=607941