The Golden Ruhl

Should I Own or Lease My Commercial Space?

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Thu, 05 Apr 2012 16:26:00 +0000

By: Dave Bridgewater, CPA

Vice President, NAI Ruhl & Ruhl Commercial Company

April 5, 2012

For years, business owners have struggled with the own vs. lease decision in many areas of their business operations. They have asked such questions as:

- Does my company benefit more financially from owning an asset or from leasing that asset?

- What sources of financing are available?

- How do I find these sources of financing?

- How much upfront capital will I need?

- Who can help me make a final determination of own vs. lease?

If you have asked the same or similar questions, you are not alone. With interest rates at historic lows, there has never been a better time to determine if your company is better off owning or leasing your commercial office space. Whether you need 1,000 square feet or 100,000 square feet, you should consider the pros and cons of owning vs. leasing.

1. How do I determine whether my company benefits more financially from owning vs. leasing?

The first step in answering this question is to objectively assess the operational functionality of your current office space.

- Does it provide enough space for your existing employees?

- Does it provide an efficient work environment for your employees?

- Does your existing space accommodate your company’s future growth projections?

- Does your existing space project the impression you want your customers to remember?

- How does the own vs. lease decision impact your company’s long-term business strategy? What is your exit strategy?

Next, a financial analysis must be performed by a financial professional. Many organizations rely on their accounting personnel or outside accounting professional. You will need to determine the following questions as you assess the financial impact of own vs. lease.

- How much is my current lease costing? What will it cost in the future and how much term do I have remaining on the lease?

- How much can I borrow to purchase my office space? What will be the interest rate? How much upfront cash will I need?

- Am I better off purchasing my commercial office space or using the cash to fund other income producing operating activities?

- What are the tax implications of owning my commercial office space as compared to leasing?

These are the primary questions that must be carefully considered as you determine what’s right for your company.

2. What sources of financing are available?

When determining the impact of owning your commercial office space, you must consider the different sources of financing that are available to commercial organizations. There are basically four (4) primary resources available for commercial real estate loans:

- Banks – commercial and/or savings banks.

- Commercial Mortgage-Backed Security Loans – CMBS loans are real

estate loans that place your mortgage in a trust with other real estate loans

and then are sold as bonds to investors.

- Life Insurance Companies

- Multi-Family – the two primary lenders are Fannie Mae and Freddie Mac.

Each type of financing can impact the amount you can borrow, the interest rate on the debt, the upfront cash required, and the on-going monthly payment of principal and interest.

3. How do I find these sources of financing?

The first step is to talk to your commercial banker. He or she already knows your company and can provide valuable input as to the best loan program for your company. If you do not already have a relationship with a banker, many companies use an independent mortgage banker who has a deep knowledge of the financial market as well as your commercial real estate market and has many contacts with various lending institutions and is able to search for the best loan that suits your needs.

4. How much upfront capital will I need?

This question is one of the most important questions you must consider. Many lenders, if not all, will require upfront cash from you to purchase your commercial office space. Upfront cash requirements range from 10% - 50% depending upon the type of commercial real state acquired, loan program, strength of borrower, etc. When deciding your own vs. lease strategy, you must consider whether that upfront cash is better used for the acquisition of commercial real estate or funding operating activities of your company. Again, a seasoned financial professional can help you make that determination.

5. Who can help me make a final determination of own vs. lease?

There are many resources available to help you determine the best strategy for your company. It is important that when making this determination, you utilize a professional that has a deep knowledge of your local real estate market, the financial market and financial analysis. There are many factors to consider, and this professional can assist you in determining the best solution for your company.

Now is a perfect time for you to consider the pros and cons of owning or leasing your commercial office space. Business owners have the opportunity to save substantial dollars by determining a commercial real estate strategy that meets the needs of the company today and tomorrow.

10 Tips to Increase Your Retail Property's Value

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Tue, 28 Feb 2012 21:48:00 +0000

By: Christopher Stafford, CCIM

Senior Vice President, NAI Ruhl & Ruhl Commercial Company

2012 has brought upticks in consumer spending and hints at economic improvement which is fueling some long-awaited positive momentum to the retail sector of the commercial real estate industry. Many national economists believe U.S. retail rents have reached bottom and are poised to rise moderately toward the end of the year. Low interest rates and attractive returns will keep retail investment transaction velocity on the upswing. Class A stable assets in high-density locations will continue to fetch a premium and will experience further cap rate compression. Retail properties such as grocery-anchored centers and outlet centers will continue to outperform the rest of the retail sector due to consumer spending habits. Two retail market segments, luxury and discount retailers, will lead 2012 in new store development and openings.

Unfortunately for retail property owners, this recent positive news does not equate to immediate stabilization or increases in their property’s net income. A retail investor’s objective is simple: to achieve the highest possible return on their investment. Savvy owners are not going to wait for inflation to push up the value of their properties -- instead they are seeking creative ways to improve their assets’ financial health. Below are tips owners can investigate to help improve their retail property’s value regardless of market location:

10 Tips to Increase Retail Property’s Value

1. Upgrade Zoning

Investigate rezoning options. Cities are hungry for new development (taxes) and may be more willing to rezone your property to a higher retail or commercial use. What about the old house for sale adjacent to your property? Make the rezoning contingent on securing a tenant or buyer, as rezoning could potentially increase the property’s assessment and taxes.

2. Appeal Taxes

Most property values have declined in nearly all parts of the country during the last three years, with tax valuations decreasing as well. If your property’s taxes haven’t gone down, consider appealing them. In Iowa, property owners may appeal their initial assessments to local boards of review by filing a written protest between April 15 and May 5 of each year.

3. Additional Signage

Retailers love their signage and may pay extra rent for it. Check your local municipal code or variance thereof to see if it allows for an additional monument or pylon sign. Some tenants may be willing to foot the bill for the signage costs.

4. Share in Tenant’s Success

If your tenants are successfully increasing sales year to year, consider installing a percentage of sales rent clause that kicks in above a specified sales level. Three to five percent of additional sales is typical. The tenant may ask for something in exchange for this new clause, but a percentage of sales could be advantageous to your property’s income stream.

5. Billboard or Cell Tower

If you have excess property and a tower or billboard doesn’t cause a problem for an existing tenant, you may want to consider additional income. Companies are currently paying high prices to locate a cell tower or billboard on a prime corner or roof. Check your existing tenant’s lease for restrictions and no-build provisions.

6. Building Expansion

Single or multi-tenant retail buildings with unused land on either side may be ideal for an adjacent user or building. Lease terms and competition clauses for all tenants must be considered. A tenant with an existing end-cap position may have a lease clause preventing a building addition, but it may be worth the time to review your leases.

7. Additional Parking

Does your property lack parking space? Do you meet the average retailer’s 5 stalls per 1,000 square foot ratio? If not, consider adding parking stalls on your property for tenants’ use. Increased parking stalls will give you a larger pool of potential retail prospects. Most national restaurants require a minimum of 10 to 15 stalls per 1,000 square feet.

8. Increase Visibility

Is your property’s visibility blocked by a 20’ tall full-foliage oak tree? Retailers love visibility and want customers to see their signage and storefront. Consider replacing large trees with smaller shrubs or young trees. Check with your local municipality first, or ask for forgiveness later.

9. Exchange Term for Rent

Owner’s investment objectives vary, although lenders typically view a longer lease term from a quality tenant to be of greater value. Can you extend your current tenant’s lease term today in exchange for a minimal rent reduction? If your tenant is approaching its lease expiration with a renewal increase, owners may have more leverage and be able to keep rents at a similar level.

10. Refinance

Yes, some lenders are actually lending again. If your property is performing well, you may want to explore refinancing. The economic downturn has resulted in a decline in loan demand for most lenders. Some are actively looking to take borrowers away from competitors, so it may be cost-effective to shop around for the best deal.

For additional questions regarding NAI Ruhl & Ruhl Commercial’s retail services, please contact Christopher Stafford.

NAI Ruhl & Ruhl Commercial Company professionals completed numerous retail transactions during 2011, which include notable national retailers such as: Buffalo Wild Wings, Chick-Fil-A, Panda Express, Texas Roadhouse, Kum & Go, Noodles & Company, Caribou Coffee, Petco, Goodwill, Hancock Fabrics, Mattress Firm, Midwest Mattress, Batteries Plus, US Cellular, T-Mobile, Taco Bell, Aspen Leaf Yogurt, Halloween Express, Radio Shack, Carpet One, Anytime Fitness, Blimpie, Great Clips and Complete Nutrition. Additionally, our company has a number of exclusive representation accounts that are currently searching for quality sites.

BREAKING NEWS: Grubb & Ellis Files For Bankruptcy, Sells Itself to BGC Partners After All - CoStar Group

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Tue, 21 Feb 2012 18:42:00 +0000

Interesting news in the CRE world today! To read the full article click below:

BREAKING NEWS: Grubb & Ellis Files For Bankruptcy, Sells Itself to BGC Partners After All - CoStar Group

What's a "Full Service" real estate firm? and why?

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Thu, 08 Dec 2011 22:29:00 +0000

By: John Viggers, CPM, CCIM
NAI Ruhl and Ruhl Commercial Company
December 8, 2011

As we continue to work through these difficult economic times it has never been more important for those in asset/property management and brokerage to work together. Survival of the fittest has taught brokers and listing agents to develop stronger relationships with respective property management professionals. While, the more successful property managers in today's marketplace are taking extra time to communicate and work with listing agents. Full-service real estate firms with well managed and unified divisions are critical to effectively serve client and investor needs.

As real estate professionals in a full-service firm, we must work together and think like asset managers. Not only simply working on our day to day activities, but working as a unified team with the long term objectives of our clients clearly understood. Together we are able to better understand how to increase the NOI and improve the property for our current and prospective tenants.

I've always struggled to understand offices where the brokerage and property management functions are managed independently. Only through sound team building with effective and consistent communication between the listing and management divisions can we truly insure the day to day and long term decisions are aligned with our client's goals. To us, it is like right brain - left brain; they must constantly work together to ensure normal body function. Brokers and property managers must collaborate efficiently to ensure the asset's future.

Looking at current major commercial real estate offices across the country, those firms with well managed and unified brokerage and management teams have survived and grown in the down economy. The bottom line is, understand your client's goals and objectives. This allows for a better position to manage the assets and capture marketing opportunities all under one roof. A firm offering full-service not only brings depth, but also stability to effortlessly weather turbulent economic times all the while improving the asset and the bottom-line.

Start Your Business With a USDA Loan

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Mon, 07 Nov 2011 18:11:00 +0000

By: Kevin Peria, Condent Director
USDALoans.com
Published: November 2, 2011

With the economy currently in a slump, obtaining financing for business creation and expansion has become incredibly difficult, especially for those in rural areas where financing options are often more limited. However, to help rural areas continue to grow and thrive, the USDA offers multiple loans and grants designed to promote entrepreneurship including the Business and Industry Guaranteed Loan.

What Are Business and Industry Guaranteed Loans?
To promote the economic health of rural areas, the USDA began providing eligible candidates with Business and Industry Guaranteed Loans. These loans are designed to help those living in rural areas be successful entrepreneurs that will not only be able to provide for themselves, but will also be able to provide employment and more sustainable living for the community in which they live.

Although similar to the Rural Economic Development Loan and Grant Program, which has most recently funded 4 different Minnesotan Utility Cooperatives, the Business and Industry Guaranteed Loan differs as allows for more individual entrepreneur endeavors and is less restrictive in terms of sustainability.

What Can These Loans be Used For?
Starting a business in a rural area can be exceptionally expensive as most businesses have to build their business and facilities from scratch. To help alleviate these costs, Business and Industry Guaranteed Loans may be secured up to $10 million for an individual and up to $40 million for cooperatives, and may be used for any of the following:

The purchase of pre-existing businesses which are facing closure
Business renovations or modernizations
The purchase and development of land, facilities, and easements
The purchase of needed equipment, machinery, supplies, or inventory

Who is Eligible to Apply for USDA Business Loans?
Like the USDA Home Loanprogram, the USDA Business and Industry Guaranteed Loan has fairly lenient eligibility requirements. Interested borrowers can range from a cooperative organization to a public body to an individual, and may be granted as long as the entity intends to provide the following with their business:

Employment
An improvement in the local economy
Promotion of conservation, development, and proper water use
Promotion of sustainable energy sources

Are Other Types of Funding Available?
The USDA does provide other types of funding to interested organizations and entrepreneurs; however, they generally have stricter use criteria. Rural Business Opportunity Grants provide interested applicants with the training and support needed to succeed, and the Rural Economic Development Loan and Grant Program is predominately for organizations seeking to provide more employment and improve overall operations by making them more sustainable.

If interested in applying for a USDA-based business loan, applicants should contact their local Department of Rural Development Office.

Kevin Pearia
Content Director for USDALoans.com

Photography Show and Opening Reception: Naturescapes at Frame Works in Urbandale

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Fri, 21 Oct 2011 19:11:00 +0000

What: Photography Show and Opening Reception

When: Friday, November 4, 2011

5:00pm to 7:00pm

Where: FRAME WORKS

5800 Merle Hay Road

Johnston, Iowa 50131

Contact Information: Tom Perrine, Frame Works

515-270-9142

tom@frameworks1.com

Photography Show Opening and Artist Reception

Frame Works is pleased to announce Naturescapes: Near and Far a photography exhibition with Larry Mendenhall. The show will open at Frame Works, 5800 Merle Hay Road, Johnston, Iowa on Friday, November 4, 2011 and hang in the gallery until December 3, 2011. Please join us for the opening reception 5:00pm to 7:00pm and meet the artist.

The Artist

In “Naturescapes: Near and Far,” photographer Larry Mendenhall explores the dazzling shapes and colors of nature found in both grand vistas and intimate close-ups.

After a career as a newspaper photographer and reporter, Mendenhall began concentrating on landscape photography in 1998. Since 2003, his work has been selected for numerous juried exhibits and art shows. Most recently, he received the Best of Show award at the Octagon Art Festival in Ames. Although he works mainly in color, for the last year Mendenhall has been adding black and white images to his portfolio. Some of these new photographs will be seen for the first time at the reception.

The works will hang in the gallery until December 3, 2011. Please join us on Friday November 4, 2011 from 5:00pm to 7:00pm to meet Larry, enjoy some wine, some

hors d’oeuvres and some great photography.

Frame Works

Frame Works is a locally owned custom frame shop located in the Village Square - 5800 Merle Hay Road in Johnston Iowa. Frame Works was opened in 2004. Tom Perrine bought the frame shop August 15, 2008. Tom continues to offer one of the finest selections of framing supplies in the area, represented by Larson - Juhl, TC Moulding and Nurre Caxton frames. Frame Works carries over 700 frame styles to select from. Tom has added a line of unique sculptures from Global Views, Hawkeye and Cyclone posters, art work from local artists and hosts art shows in the gallery space.

Frame Works also offers photo restoration services as well as unique ways to turn your photos into canvas prints, in a variety of art styles - such as pastel, oil painting, watercolors or into "pop art" prints.

For more information contact Tom at tom@frameworks1.com or visit our website at www.frameworks1.com.

How to Succeed in Commercial Real Estate, Without Really Trying!

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Wed, 21 Sep 2011 19:00:00 +0000

By: Barbara K Hokel, CCIM

Publish Date: September 21, 2011

As a woman in a male dominated profession, many people ask me what the key to my success has been. In 1989, my career began with a highly successful commercial real estate developer from my home town. Starting as an Administrative Assistant, I worked my way into the Sales and Leasing Department of that company, which was very beneficial, because I learned from the ground up. I had no formal education or classes in finance or real estate, as many commercial real estate professionals have now. My success really has little to do with gender; I attribute most of it to the connections I’ve made, both locally and globally.

Early in my sales and leasing career, I joined several local Chambers of Commerce where I was able to meet numerous prominent community business leaders. I placed my card in the "fishbowl" at nearly every networking event possible - broker breakfasts, economic development lunches, Business After Hour programs, and so on. Being involved in non-profit fund raising events was also beneficial. I took the opportunity at these events to exchange business cards, “rub elbows” and get to know as many people as possible. The key to success in sales, especially commercial real estate, is making and keeping friends and knowing that they will remember you. “It’s not who you know -- it’s who knows YOU!”

Other tips to succeed in this industry are:

1. Know your stuff: An agent has to prove they know what they’re talking about, and that they are the expert in their field. Never assume that someone knows your business, because most people who are looking for your expertise don’t initially understand the business. Be prepared to state and point out what appears to be obvious, because it likely isn’t obvious to your client.

2. Stay educated: Take classes, go to conferences, attend workshops, and read trade materials as well as motivational books to keep your skills sharp. Competition can be tough, especially in today’s market.

3. Join networks and social groups: One of the biggest benefits to my career was getting involved in the Certified Commercial Real Estate (CCIM) program. I have made lucrative connections through that global network and some great friends along the way. Being involved in my company’s NAI Global and CCIM networks have provided a natural platform for referrals and the ability to work across the globe.

4. Stay up to speed with technology: In today’s world, a person has to be tech-savvy, able to navigate a computer, and understand the amazing dimensions of the internet world. Get involved with the social networks that are available. Connections are key!

5. Be friendly to everyone: Smile a lot. Smile when you’re speaking on the phone. People can “hear” your smile! Help other people to excel in the business by sharing your knowledge and being available for reference. Be giving as opposed to selfish and it will pay great dividends in the long run. People love to do business with people they like!

6. Stay in touch with your clients on a regular basis: A contact management program is very beneficial in helping you track your conversations and set future dates as to when to get in touch with them. Meet people for coffee or lunch several times a week. Make that face to face connection! Just make that call … or text … or email.

7. Be accessible: In today’s world, there are few excuses for not being able to be reached. Make your contact information accessible to everyone you can.

8. Listen carefully: Don’t feel that because you are a salesperson you have to dominate the verbiage in every situation. Be a good listener. Listen to what the client is telling you. Ask open-ended questions that will help you find a perfect commercial real estate solution.

If you like having a very flexible self-set schedule; if you like people and social settings; if you like getting involved in your community, and the ability to make a lot of money, you too can know:

How to succeed in commercial real estate

without really trying!

Evolution of the Commercial Real Estate Broker

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Wed, 31 Aug 2011 14:46:00 +0000

http://myemail.constantcontact.com/Evolution-of-the-CRE-Broker.html?soid=1103692007176&aid=-qL5JYPmVr8

Historic 411 Brady St Property Now On the Market

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Tue, 23 Aug 2011 19:31:00 +0000

Once a meeting place for distinguished Democrats, has had a long history since it's doors opened in 1924. A newsroom filled with typewriters, a drygoods distributor, a pickling house, this historic downtown property is now up for grabs at the sale price of $450,000.

Oak, marble, "Egyptian simplicity" architecture, this swanky building would be ideal for any investor looking to open up a new-age restaurant or bar.

John Ruhl, Ruhl & Ruhl Davenport, has the pleasure of being the sales broker on this piece of history. If you are interested in more information about the "Democrat & Leader Building" located at 411 Brady Street in Dubuque, IA, email jruhl@ruhlcommercial.com.

(Original article by: Bill Wundram at (563) 383-2249 or bwundram@qctimes.com. Quad Cities Times, August 13, 2011)

Photography Show and Opening Reception at FrameWorks in Johnston

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Mon, 11 Jul 2011 16:47:00 +0000

Photography Show and Opening Reception for Your Lift Portraits

Friday July 15, 2011 from 5:00pm-7:00pm
at FRAME WORKS
5800 Merle Hay Road, Johnston IA

Photography Show Opening and Artist Reception

Frame Works is pleased to announce a photography exhibition with Heather Littlejohn and Your Life Portraits. The show will open at Frame Works, 5800 Merle Hay Road, Johnston IA, on Friday, July 15, 2011 and hang in the gallery until August 15, 2011. Please join us for the opening reception from 5:00pm to 7:00pm and meet the artist.

The Artist
Heather Littlejohn owns and operates Your Life Portraits in Des Moines, Iowa. Heather is an award winning photographer with over 25 years of creative photography and journalism portrait experience. Heather studied at Grandview University where she earned a Photography Scholarship and majored in Photojournalism. After college Heather freelanced in commercial work and in traditional portrait photography. While working with local theater companies Heather discovered her passion for Journalism Portraiture – capturing actors who emulated passion with their characters. Heather quickly learned how to draw out the emotion of her subjects and capture the personality with the snap of a shutter.

With Your Life Portraits Heather Littlejohn captures the essence of your life on film. Heather allows her clients to “be themselves” in front of the lens allowing for a rich experience, capturing the emotion of the moment. Heather states “I think it is important that the photographer have the ability to go with the flow of the subject’s personality and mood.”

This Photography Show at Frame Works will feature a collection of Heather’s work – highlighting her work with Your Life Portraits, Botanicals and Creative Expression.

The works will hang in the gallery until August 15, 2011. Please join us on Friday July 15, 2011 to meet Heather Littlejohn. Come and enjoy some wine, some food and help support this talented local photographer.

Frame Works
Frame Works is a locally owned custom frame shop located in the Village Square - 5800 Merle Hay Road in Johnston Iowa. Frame Works was opened in 2004. Tom Perrine bought the frame shop August 15, 2008. Tom continues to offer one of the finest selections of framing supplies in the area, represented by Larson - Juhl, TC Moulding and Nurre Caxton frames. Frame Works carries over 700 frame styles to select from. Tom has added a line of unique sculptures from Global Views, Hawkeye and Cyclone posters, art work from local artists and hosts art shows in the gallery space.

For more information contact Tom at tom@frameworks1.com or visit our website at www.frameworks1.com.

Benchwarmers of Ankeny, Iowa Reopening

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Wed, 06 Jul 2011 18:05:00 +0000

July 5, 2011
by: Charlotte Barta
Original Article: "Benchwarmers is back on the Ankeny scene" by DesMoinesRegister.com (Photo from original article)

Benchwarmers, which closed in late 2010, is reopening with the ribbon-cutting scheduled for July 6th at 4:00p.m. Located at 705 S Ankeny Blvd, in Ankeny Iowa, this bar and grill is back on top offering several of the same menu items with a few new "local sports people" inspired options.

With hometown sports theme inspired decor and menu, the new owners (all from Ankeny themselves) have high hopes for their beloved bar and grill.

To read the original article please, click here.

Des Moines Ranks at top of Forbes' Best City List, Again

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Wed, 29 Jun 2011 16:58:00 +0000

For the second year in a row Des Moines has topped the Forbes list for the "Best City to Do Business." Slipping back one spot as employment number dropped to 0.9% in 2010, Des Moines still ranks among the top with low business costs, high average household incomes which are expected to increase 4.2% annually through 2013, and fast average commute times.

To read the full article, click here.

C-III Capital Partners to Acquire NAI Global

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Wed, 22 Jun 2011 20:37:00 +0000

NEW YORK, NY, June 22, 2011 — C-III Capital Partners LLC (C-III) announced today that it has entered into a definitive agreement to acquire NAI Global, the largest and premier network of independent commercial real estate firms worldwide. C-III is led by Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). NAI Global will continue to operate as a separate company under its current management following the acquisition.

NAI manages a network of commercial real estate firms comprising 5,000 professionals and 350 offices in the US and 55 countries throughout the world. NAI’s network members provide a full spectrum of corporate, financial, technology and project management services.

“C-III plans to use its asset base, along with strategic acquisitions such as NAI, to create a fully diversified commercial real estate services company,” said Mr. Farkas. “This is the strategy that was successful for Insignia. C-III is led by the same team that built Insignia, and with C-III’s significantly larger asset base, I believe C-III can substantially exceed Insignia’s success,” concluded Mr. Farkas. At its height, Insignia managed $12.5 billion in assets, while today C-III’s portfolio approximates $150 billion in assets. Insignia was one of the largest commercial real estate services companies in the world when it merged with CB Richard Ellis in 2003.

C-III commenced operations with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial mortgage loan servicing businesses in March 2010. Since that time, C-III has successfully launched mortgage origination, investment sales and title insurance businesses from scratch, and expanded its principal investment, loan origination fund management and primary and special loan servicing businesses.

“Today’s agreement represents a tremendous opportunity for NAI and our members,” said Gerald C. Finn, Chairman of NAI Global. “By teaming up with Andrew Farkas, one of the world’s leading real estate businessmen, we expect NAI will be able to significantly grow its service offerings and present new opportunities to our members.” “We have built the world's leading commercial real estate network, but we now believe it is time to take the enterprise to a new level and add even greater value to our members and our collective corporate and investment clients. The combination with C-III will provide a depth of resources, talent and tools from which we can draw upon to accelerate our growth,” noted Jeffrey M. Finn, President and CEO of NAI Global. “Rarely do you find partners so perfectly strategically aligned as NAI Global and C-III. This is a natural fit and extremely exciting news for the industry.” The transaction is expected to close in the third quarter of 2011. Financial terms of the transaction were not disclosed.

About C-III Capital Partners
C-III Capital Partners LLC is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management and principal investment. The company’s principal place of business is located in Irving, TX, and it has additional offices in New York, NY, Greenville, SC and Nashville, TN.
C-III Asset Management LLC, a wholly-owned subsidiary of C-III Capital Partners, is a highly rated servicer (primary and special) of commercial real estate loans. Its clients include issuers of commercial mortgage-backed securities (CMBS) and collateralized debt obligations (CDOs), institutional lenders and other investors. C-III Asset Management is the primary servicer for approximately $20 billion and the named special servicer for approximately $127 billion of commercial real estate loans. C-III Asset Management is rated CPS 2- by Fitch and Above Average by Standard and Poor's as a primary servicer, and is one of the highest rated special servicers in the industry with ratings of CSS 1- by Fitch and Strong by Standard and Poor's.

About NAI Global
NAI Global is the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries throughout the world. NAI professionals work together with the global management team to help clients strategically optimize real estate assets. NAI offices around the world completed over $45 billion in transactions annually. NAI also manages over 200 million square feet of commercial space.

Ames Tribune reports development not deterred by 2010 floods

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Fri, 01 Apr 2011 13:47:00 +0000

Ames Tribune

Original Release: March 1, 2010

Original Article By: Bob Zientara

Ames' South Duff Avenue commercial corridor has not stopped developing despite a crippling flood in August of 2010. Known for its high concentration of major retailers, restaurants, and popular retailers, the newest addition to the area is a Buffalo Wild Wings restaurant.

Christopher Stafford, Vice-President at NAI Ruhl & Ruhl Commercial Company of Des Moines, assisted in the addition of Buffalo Wild Wings to the South Duff corridor.

Ruhl & Ruhl's newest agent, Kevin Sullivan, featured in Business Record Article

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Fri, 25 Feb 2011 16:36:00 +0000

By: Charlotte Barta
NAI Ruhl & Ruhl Commercial Company
Original Release Date: 2/18/2011

NAI Ruhl & Ruhl Commercial Co.'s newest agent, Kevin Sullivan is the featured person in this month's Business Record, "A Closer Look". Sullivan reflects back on his 18 year career in the Commercial Real Estate business and his views on mentoring.

Kevin's career began with a desk, a phone, and a phone book. It was this that shaped his future and views on mentoring. He states, "The commercial real estate business is very competitive. It is straight commission, and probably eight or nine out of 10 brokers do not mentor at all."

His passion for assisting other is not only reflected in his ability to mentor real estate hopefuls, he is also known for his exceptional ability to assist clients to find, lease, or sell industrial properties.

If you are interested in working with Kevin or need assistance leasing or selling a commercial real estate property, he can be reached at ksullivan@ruhlcommercial.com. (please no solicitations)

To read the whole article, click here.

NAI Global Honors Roger Leese of NAI Ruhl & Ruhl Commercial

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Thu, 17 Feb 2011 14:30:00 +0000

PRINCETON, NJ, February XX, 2011 – Roger Leese, Senior Vice President at NAI Ruhl & Ruhl Commercial in West Des Moines, Iowa, was recognized by NAI Global as a Top Producer for performance in 2010.

Leese was also recognized as a Top Producer at the Silver Elite level based on production in 2010.

The awards were presented in a ceremony on February 9 at the NAI Global 2011 Convention in Las Vegas.

NAI Global is the world’s premier network of commercial real estate firms and one of the largest real estate service providers worldwide. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.

About NAI Global

NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 commercial real estate professionals and 350 offices in over 55 countries, and completes over $45 billion in annual transaction volume. Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com. Follow us on Twitter (@NAIGlobal) and Facebook.

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Contact: Mark Klionsky, 609-945-4082 or mklionsky@naiglobal.com

NAI Global Names John Viggers of NAI Ruhl & Ruhl Commercial

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Thu, 17 Feb 2011 14:26:00 +0000

PRINCETON, NJ, February XX, 2011 – NAI Global today named John Viggers of NAI Ruhl & Ruhl Commercial in West Des Moines, Iowa, to the NAI Global Elite, a group comprised of the organization’s top performers and top producers. Viggers qualified as a Top Performer at the Elite level based on production in 2010.

The award was presented in a ceremony on February 9 at the NAI Global 2011 Convention in Las Vegas. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.

About NAI Global

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Contact: Mark Klionsky, 609-945-4082 or mklionsky@naiglobal.com

Tom Knapp, Ruhl Vice President, Discusses Assessment Protesting with the Business Record

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Fri, 28 Jan 2011 18:10:00 +0000

By: Charlotte Barta
NAI Ruhl & Ruhl Commercial Company
Article Date: January 28, 2011

As a former property appraiser, Tom Knapp, CCIM, MAI, is a natural for assessment protest work. Saving clients over a half a million dollars a year in tax protesting, this Vice President understands commercial real estate and a good sense of market trends.

To read the original article published by the Business Record, please click HERE.

Tom Knapp, CCIM, MAI, Vice President, has been part of the NAI Ruhl & RuhL Commercial Company team since 2007.

Ruhl & Ruhl Agent Assists in new Ames Buffalo Wild Wings

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Mon, 24 Jan 2011 17:01:00 +0000

By: Charlotte Barta

Marketing Coordinator NAI Ruhl & Ruhl Commercial Company

January 24, 2011

The booming retail corridor of South Dufff Avenue in Ames, Iowa can expect another great addition to the area, Buffalo Wild Wings. Des Moines based NAI Ruhl & Ruhl Commercial Company Vice President, Christopher Stafford, CCIM, has been instrumental in bringing this restaurant chain to Ames. Not only will the new building house the sports themed sports restaurant and bar, US Cellular plans to occupy the other 3,000 SF.

In a recent article by the Iowa State Daily, President of Ames Chamber of Commerce, Dan Culhane said, "This is a good sign for the economy and shows that it is a legitimate market for a variety of businesses."

Ames Tribune reported the tenants of the 8,500 SF building located on the site of the former Home Furniture Store, plans to open thier doors for business in mid-late March.

Links:
Ames Tribune, "Buffalo Wild Wings coming to South Duff Avenue"
Iowa State Daily, "New business growth on Duff Avenue good sign for Ames"

Chuck Ruhl inducted into the Midwest Real Estate News "Hall of Fame"

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Wed, 12 Jan 2011 15:09:00 +0000

Charles Ruhl, President and CEO of NAI Ruhl & Ruhl Commercial Company, is part of the first class of inductees into the, "Midwest Commercial Real Estate Hall of Fame." Being sited for his committment and professionalism as a "commercial real estate veteran," in the minds of his nominators and clients Ruhl is a natural fit for this prestigious induction.

Charles Ruhl's career profile and accomplishments will be run on the Midwest Real Estate News website sometime this year.

For more information or to read the first person highlighted in this article please click, here.

IOWA CCIM CHAPTER RECOGNIZES NEW DESIGNEES

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Thu, 18 Nov 2010 17:11:00 +0000

CCIM Designation Signifies Expertise in Commercial Real Estate

(YOUR CITY) October 2010 – The Iowa CCIM Chapter has recognized 4 chapter members who recently earned the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute, one of the leading commercial real estate associations in the world.

Awarded the designation at the institute’s business meetings in Orlando, Florida, were Marcus Pitts, Markell Kuper, Tami Holtz and Dane Anderson. They were among a record 549 commercial real estate professionals who passed the CCIM Comprehensive Examination, the final component in the designation process. Only about 6% of the estimated 150,000 commercial real estate practitioners nationwide hold the CCIM designation, which reflects not only the caliber of the program, but why it is one of the most coveted and respected designations in the industry.

The CCIM designation is awarded upon successful completion of a graduate-level education curriculum and presentation of a portfolio of qualifying experience. The curriculum addresses financial analysis, market analysis, user decision analysis, and investment analysis, the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis.

The Iowa CCIM Chapter is one of nearly 62 local chapters of the CCIM Institute. The mission of the chapter is to provide quality education programs, networking opportunities, and technology products to its nearly 200 members, as well as to promote the merits of the CCIM designation to prospective members and the business community at large.

Since 1969, the Chicago-based CCIM Institute has conferred the Certified Commercial Investment Member designation to commercial real estate and allied professionals through an extensive curriculum of 200 classroom hours and professional experiential requirements. Currently, there are more than 9,000 CCIMs in 1,000 markets throughout the United States, Canada, and 30 additional countries. Another 7,000 practitioners are pursuing the designation, making the institute the governing body of one of the largest commercial real estate networks in the world. An affiliate of the National Association of Realtors®, the CCIM Institute’s recognized curriculum, powerful technology tools, and networking programs impact and influence the commercial real estate industry. Visit www.ccim.com or http://chapters.ccim.com/iowa for more information.

Community News: Gov. Chet Culver Announces New Chicago-to-Iowa City Intercity Passenger Rail Route

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Mon, 25 Oct 2010 21:51:00 +0000

Gov. Chet Culver announced today plans to begin constructing a new high-efficiency, low cost option of traveling to Chicago, IL from Iowa City, IA. Gov. Culver promised this new railway system will, "set new national standards for reliable, cost-efficient, passenger rail service in the United States."

According to the Business Record the train will run two times a day at a maximum speed of 79 mph with each trip taking less than 5 hours. The Record also reported each train will be able to accommodate 230 passengers with a projected first year to have over 246,800 riders.

To read more on this article, click here.

Your Opinion: What is the value of a Property Management division in a commercial brokerage office?

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Thu, 14 Oct 2010 21:17:00 +0000

By: Charlotte Barta
NAI Ruhl & Ruhl Commercial Company
Original Article: "Dave Petersen: Property management success all about listening", published October 12, 2010 to The Midwest Real Estate News, edited by Dan Rafter

Chicago-based NAI Hiffman's own Dave Petersen recently sat down with the Midwest Real Estate News for an interesting and informative interview. Topic of discussion: the success of property management sectors in brokerage firms today. Mr. Petersen points out, "When you are working in property management, you are creating access to other revenue streams... You are providing your leasing brokers an additional opportunity to call for business as they are out trying to fill space in buildings."

He also goes on to discuss how to keep your tenants and owners happy and what he believes is in store for the future of Property Management. If you would like to read the original article, please click here.

For Sale: Former Auto Service Building For Sale in the Heart of Des Moines

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Tue, 12 Oct 2010 14:03:00 +0000

Open publication - Free publishing - More buy a business

DETAILS

89 University is a retail/automotive building with office, service and storage areas, 6 drive-in doors, and 1 dock door. Located just east of 2nd Avenue on University Ave, there is easy access from Interstate 235 via the 2nd Avenue exit. Just blocks from Des Moines, Iowa's premier health care provider and primary hospital, Mercy Medical Center, this location experiences high volumes of traffic with premier frontage on University Avenue.

Contact Keith Olson at kolson@ruhlcommercial.com for more information on this listing.

NAI Global Report: "A Robust Rebound or Mediocity"

noreply@blogger.com (NAI Ruhl and Ruhl Commercial Company) — Wed, 08 Sep 2010 21:16:00 +0000

NAI Global reports a robust job recovery is under way in a white paper recently published earlier this summer. But, our desire to celebrate is tempered by the realization that the strong steady growth we expect for the next several years will only get back what we needlessly lost.

To read this truly extensive look at our economy today, please click here.