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Proper property management: The fine art of listening to your tenants

by Matt Baker

When looking for cost-effective ways to add value to a property, there are three things to focus on. For maximum results, the key changes are those that can help you reduce operating costs, enhance the image of the property and communicate with tenants.

That’s according to Andy Bartucci, senior vice president, commercial management at Foresite Realty. He, along with dozen other experts, will be speaking at next week’s 15th Annual Chicagoland Asset, Property, Facility Management Conference. 

National Real Estate Investor Names Forsite to 2018 Top Brokers List

2018 Top Brokers

The ranking of top commercial real estate brokers is based on total global transaction volume in 2017.

 

Stevhanie Howard to Emcee Rejournals 5th Annual Health and Medical Office Conference

Save-the-Date

May 24th - University Club - 76 East Monroe, Chicago

7:30am - 10:45am

National Apartment Association Starts Tracking Industry Jobs...

The labor market is not very pretty right now for employers looking to hire.

WASHINGTON, DC–The National Apartment Association has recently begun publishing jobs in the apartment industry that were available in the last 30 days. It is doing this with the aid of a database by Burning Glass Technologies called Labor Insight. The association hopes to see the monthly report it issues — there have been two so far — used as a benchmarking tool for its members, Paula Munger, director of research for the National Apartment Association tells GlobeSt.com.

“One of the industry’s biggest pain points right now — and this is true for a lot of industries — is the war for talent,” she says. “Apartments are all competing for the same few candidates in what is a very tight labor market.

Fed Rate Bumps Could Mean It's Time to Sell

By Brian J. Rogal 

Cap rates are certainly going up this year, along with Fed rates, so experts are saying it's a good time to look for buyers of net lease investments.

CHICAGO—The Fed’s decision this week to push up its key interest rate, and the likelihood of several more hikes in 2018, has a lot of commercial real estate professionals advising clients that it’s time to think seriously about selling some properties. No one seems to be predicting any kind of real turmoil in the market, just that the direction is clear.

“Cap rates are not going to do anything but go up this year,” Camille Renshaw, chief executive officer and co-founder of Brokers + Engineers, a net lease brokerage, tells GlobeSt.com. “So, if you’re going to sell something, you’re going to want to get it on the market sooner rather than later.”