Commercial Property & Real Estate News

Here's How to Start a Career in Commercial Real EstateThe commercial real estate market is hot, particularly in Minneapolis and St. Paul. With a thriving economy, there are more residents moving to the area, which naturally leads to an increase in demand for multi-family housing, retail development and office space to house all of those new jobs. Now is an exciting time for many to consider getting into the commercial real estate market, but it's important to recognize that this industry does not offer an easy opportunity to get rich quick. It takes a dedicated individual who is willing to work hard, persevere and focus on their results. Many commercial real estate veterans have said that these are some of the best tips for those who are new to the industry:

Separate Emotions from a Commercial Real

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Top Qualities To Look For In A Commercial Property ManagerWhen creating an investment strategy for commercial properties in Minneapolis and St. Paul, commercial real estate investors will need to recognize that a property manager is the perfect complement to the plan. A property manager or a qualified property management firm will help manage the day-to-day operations of multi-family units, retail buildings and office space. This allows investors to focus on their next major financial purchase or that upcoming real estate deal that will land them a coveted piece of property in the Twin Cities.

The Role of a Property Manager

A property manager is hired by a commercial real estate investor to manage the day-to-day operations of a commercial building as well as the financial records. Property managers

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Downtown Minneapolis or Lyn-Lake: Where Should Your Next Property Be? There are a plenty of great places in the Minneapolis/St. Paul area where someone can construct a commercial building or buy one that has already been constructed. But which neighborhood is going to be the best choice, and what kinds of benefits do companies get from choosing that particular location? Two of the most popular options are Downtown and Lyn-Lake, both of which have a lot to offer when it comes to commercial development. Whether someone is looking to buy buildings to rent to others as investment properties, or they want to buy a building to house their company or business, both of those locations could be good choices. Here are some things to consider when choosing between them.

What Kind of Business is Being Developed?

The type

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Best of the MidwestMinneapolis is thriving—in more ways than one. The economy is getting stronger by the day, breathing life into the residential real estate market and ushering in a plethora of new job opportunities. The city is focused on its sustainable efforts, which is generating interest amongst people in all age demographics and showcasing that the community offers a high quality of life. All of this has peaked the interest of commercial real estate investors, who are keen to invest in a city that offers both demand and opportunity.

Recently, a report ranked Minneapolis as the top commercial real estate market in the Midwest.

Best in the Midwest: How Minneapolis Earned the Top Spot

Recently, the Emerging Trends in Real Estate Report announced its

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Finding Tenants for Your Commercial PropertyCommercial property investors know that the key to success in this niche real estate market is uncovering the most desirable and in-demand properties in their area. Scoring a great deal on a valuable, sought-after piece of property is certainly something to celebrate, but then it's time to focus on the search for the right tenants. The tenants that occupy a commercial building in Minneapolis have a lot to do with its success or its failure.

Types of Tenants that are Ideal for Commercial Buildings

Different commercial real estate properties will be attractive to various types of tenants. In Minneapolis, retail commercial buildings, office space and multi-family developments are thriving. However it's still critical to identify the right

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Nicollet Mall Reopening, What's Next? The ribbon has been cut, but that doesn't necessarily signify completely smooth sailing ahead, according to officials. The ceremony at noon on Thursday, November 16, did, however, mark a milestone in the redevelopment and redirection of downtown Minneapolis. Whether it's "all good" won't be evident for at least another season or two. According to reports, there are still empty spaces in the mall, and the urban vacancy rate is somewhat worrisome.

Minneapolis Mayor Betsy Hodges proclaimed that the day was "extraordinary" as the area with its 225 new trees, LED lighting and extravagant art displays was opened to the public. Much of the $50 million renovation, that spanned the terms of three different mayors, was completed underground, not visible

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Top Commercial Real Estate Markets NationwideThe real estate industry has been making headlines across the country for the last year, as media outlets scream out news of low housing inventory and increasing property values. While residential real estate is enjoying another moment again, it's also critical to take note of the strength of the commercial real estate market. Nationwide, commercial real estate is increasing in value and is in high demand. As communities attract a new and diverse pool of residents, commercial development is necessary to maintain that growth.

Investors who want to get into the commercial real estate market should consider these top markets across the country:

San Francisco, California

Often referred to as a the largest tech hub in the country, San Francisco

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Financing a Commercial Real Estate Deal with a Bridge LoanThere are distinct differences between financing a commercial real estate investment and purchasing residential real estate. Generally, commercial real estate requires a far more significant financial commitment than residential real estate, due to the size and nature of office buildings, retail developments and multi-family properties. This means that the conventional lending options can be difficult for the average investors to utilize, and increasing regulations have only made it more challenging for commercial investors to go the tried-and-true route.

Now, creative financing is becoming the norm, and bridge loans are the lending option of choice for many commercial real estate investors.

What is a Bridge Loan?

According to the National

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The Commercial Property Manager: How to be Successful in Your RoleCommercial real estate is not the kind of investing that an individual tends to dabble in. Rather, the successful commercial real estate investor owns at least several different properties, and is more focused on earning investment returns than the daily management of those properties. For this reason, many commercial real estate investors look to property managers to help them effectively run and direct their investments.

What is the Role of a Commercial Property Manager?

Commercial real estate is in high demand, which means that the need for effective and efficient commercial properties managers is at an all-time high. A commercial property manager may be responsible for things such as daily management of a commercial property, including

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Why You Should Invest in Commercial Real EstateAnyone who is looking into real estate investment is serious about making a profit, but too many people mistakenly assume that residential real estate is best way to begin their journey. Before you make your first offer on an investment property, be sure to understand the differences between residential and commercial real estate investment. This will help you make a choice that is right for your professional goals and personal aspirations.

Residential Real Estate Investments

Those who invest in residential real estate often focus on purchasing single-family homes that they intend to flip for a quick sale or rent to tenants to earn continual income. Residential real estate can be an affordable way to begin investing in the market, because

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