Dear Friends and Colleagues:
This month’s Coldwell Banker Commercial “Leader Insight” interview is with Josh Greenberg – Co-founder and Chief Technology Officer, Grooveshark
Questions:
1. Tell us what Grooveshark is.
2. Tell us how Josh Greenberg was as a child and briefly how you got in to the tech side and a business owner.
3. Tell us how at 25 years old you’ve gained leadership skills and what are the keys to getting employee buy-in?
4. Is there anything you’d do differently when you started in business knowing what you know now?
5. Tell us what is next for you. What new technology or company or breakthrough are you working on?
6. What is it about Gainesville that you like so much?
“Leader Insight” is a video podcast interview of the top business leaders from in and around Alachua County. The interviews range from fun natured, out of the box, personal questions to questions about their industry, their view on local business issues, how they got started in business, and their advice on how to achieve success in life and in business.
Check Out Coldwell Banker Commercial’s Most Recent Lease and Sale Closings:
Remarkable things happen when a dynamic team focuses their specialized skills
for the benefit of their customers. Coldwell Banker had a busy month in closings. You will see below that we leased 3 offices, and 2 retail spaces. We have sold retail land, 2 office spaces, one retail space and one industrail space. Click here to view pictures of the properties.
1,868 SF OFFICE SOLD
$224,500
7545 W University Ave. in Gainesville
Listing Agents: Beery/Rainsberger
Seller: McCoy & McCoy
Buyer: Linz Inc.
10,979 SF RETAIL SOLD
$1,400,000
4562 NW 13th St. in Gainesville
Listing Agents: Beery/Rainsberger
Seller: Russell
Buyer: R & S Gainesville, LLC
(converting to government offices)
1,088 SF OFFICE SOLD
$155,000
9149 SW 49th Pl. in Gainesville
Selling Agent: Rick Cain
Seller: Wentz
Buyer: HC Haile, LLC
4,742 SF OFFICE LEASED
13859 Progress Blvd. in Alachua
Listing & Selling Agents: Beery/Rainsberger
Landlord: SNH Medical Office Properties
Tenant: Axogen Corp.
1.28 ACRES RETAIL LAND SOLD
$395,000
118 NE 1st Street in Trenton
Listing & Selling Agents: Beery/Rainsberger
Seller: First Baptist Church of Trenton
Buyer: TRC Acquisitions & Holdings
10,235 SF RETAIL LEASED
114 NE 1st Street in Trenton
Listing & Selling Agents: Beery/Rainsberger
Landlord: Private
Tenant: McDonalds & Family Dollar
3092 SF OFFICE LEASED
7550 W University Ave. in Gainesville
Listing & Selling Agents: Beery/Rainsberger
Landlord: Second Additon, LTD
Tenant: Mammography and Ultrasound Imaging Center
1500 SF RETAIL LEASED
3439 W University Ave. in Gainesville
Listing & Selling Agents: Beery/Rainsberger
Landlord: Ben-O-Fred
Tenant: Cellgear, LLC
8,760 SF INDUSTRIAL SOLD
$655,000
4005 SW 97th Blvd. in Gainesville
Listing & Selling Agent: Perry Pursell
Seller: Svend P. Olsen Residuary Trust
Buyer: FD Tile and Flooring Supply
SMALL OFFICE LEASED
3520 NW 43rd St. in Gainesville
Listing & Selling Agent: Rick Cain
Landlord: Carolyn Goddard CPA
Tenant: Davil Gracie, Jr., CFP, LLC
Top 10 Real Estate Headlines That Didn’t Make the News
Some smart CPAs from James Moore & Company in Gainesville, Florida put together a unique and funny Top 10 real estate tax strategies countdown similar to a David Letterman Top 10. This is good quick information for all real estate professionals. If you want further information on any of these headlines, be sure to call James Moore & Company. Their contact information is toward the end of the skit.
This month’s Coldwell Banker Commercial “Leader Insight” interview is with Jeff Tate – President & Director of CTD Holdings, Inc.
Questions:
1) A portion of your work experience is in academia, what’s the biggest challenge for an academic in the business world?
2) CTD Holdings is one of the many start-up companies in our area, talk about the biggest hurdles a start-up faces.
3) How is CTD doing currently and what can we expect from you in the future?
4) Has the local business community been an asset or a hindrance for your operation? How about local government?5) You’re basically a Minnesota boy, how are you adapting to life in Alachua County?
6) What are the biggest rewards of your job…and I’m not talking financial.
7) As a newcomer, talk about the attraction of Alachua County. What makes this area special?
“Leader Insight” is a video podcast interview of the top business leaders from in and around Alachua County. The interviews range from fun natured, out of the box, personal questions to questions about their industry, their view on local business issues, how they got started in business, and their advice on how to achieve success in life and in business.
Check Out Coldwell Banker Commercial’s Most Recent Lease and Sale Closings:
Remarkable things happen when a dynamic team focuses their specialized skills
for the benefit of their customers. Coldwell Banker had a busy month in closings. You will see below that we leased 4 offices, 1 industrial space, and 3 retail spaces. We have sold a daycare, an office space and .17 acres of land. Click here to view pictures of the properties.
1216 SF OFFICE LEASED
1105 NW 13th St. in Gainesville
Listing & Selling Agent: Perry Pursell
Landlord: 1103-1105 NW 13th St LLC
Tenant: Shanoi Beauty Salon
5362 SF DAYCARE SOLD
$288,000
5240 NW 8th Ave. in Gainesville
Selling Agent: Rick Cain
Seller: TD Bank
Buyer: ACA2 Holdings, LLC
1632 SF OFFICE SOLD
1924 NW 6th St. in Gainesville
Listing Agents: Beery/Rainsberger
Selling Agent: Perry Pursell
Seller: Foerster
Buyer: Martin Gold
1280 SF RETAIL LEASED
4401 NW 25th PL in Gainesville
Listing Agents: Beery/Rainsberger
Selling Agent: Rick Cain
Landlord: MEW Commercial LLC
Tenant: Newdash Tennis LLC
600 SF OFFICE LEASED
4040 W Newberry Rd. in Gainesville
Listing & Selling Agents: Beery/Rainsberger
Landlord: Crane Holdings LLC
Tenant: Pristine Clean Co. LLC
0.17 ACRE SOLD
8763 SW 27th LN in Gainesville
Listing Agents: Beery/Rainsberger
Seller: WUOD LLC
Buyer: Richard A Parent Building, LLC
3700 SF RETAIL LEASED
3427 W University Ave. in Gainesville
Listing & Selling Agents: Beery/Rainsberger
Landlord: Ben-O-Fred
Tenant: Alma Mater LLC
1435 SF OFFICE LEASED
1405 NW 13th St. in Gainesville
Listing & Selling Agents: Beery/Rainsberger
Landlord: Old MM Building LLC
Tenant: Xhale Smart, Inc.
2961 SF INDUSTRIAL LEASED
3800 N Main St. in Gainesville
Listing Agents: Beery/Rainsberger
Landlord: Equilease
Tenant: E & K’s Auto Sales, LLC
1554 SF OFFICE LEASED
1209 NW 12th Ave. in Gainesville
Listing & Selling Agents: Beery/Rainsberger
Landlord: Second Addition LTD
Tenant: CarePoint Partners
Using Linkedin to Lease and Sell Commercial Real Estate
For those of you in commercial real estate that think you can’t quantify the power of Linkedin, think again. This video is back by popular demand…we show you in 3 minutes how to use Linkedin to prospect for tenants and buyers of commercial real estate. Use the expand button at the bottom right corner of the video to expand it fit your whole screen.
This month’s Coldwell Banker Commercial “Leader Insight” interview is with Erik Bredfeldt – Economic Development & Innovation Director.
Find out:
-Tell us about your new role as Economic Development and Innovation Director.
-Why the change from the Director of Planning and Development?
-Folks get upset that local government overreaches far beyond their job description making it difficult to deliver a product that the market is actually calling for. Tell us how your new role will help make that process better.
-What are the first 3 major things you are going to do or are working on now in your new role to make development in our city easier, faster, and with less headaches?
- What do you love so much about Gainesville?
“Leader Insight” is a video podcast interview of the top business leaders from in and around Alachua County. The interviews range from fun natured, out of the box, personal questions to questions about their industry, their view on local business issues, how they got started in business, and their advice on how to achieve success in life and in business.
Check Out Coldwell Banker Commercial’s Most Recent Lease and Sale Closings:
Remarkable things happen when a dynamic team focuses their specialized skills
for the benefit of their customers. Coldwell Banker had a busy month in closings. You will see below that we leased 7 offices, 2 industrial spaces and sold one industrial space. Click here to view pictures of the properties.
1,700 SF OFFICE LEASED
2700 NW 43rd St., Gainesville, FL
Listing & Selling Agents: Beau & Todd
Landlord: Park Place (Koss Olinger)
Tenant: Alba & Dubose, P.A
5,000 SF INDUSTRIAL LEASE
899 N SR 21, Melrose, FL
Listing Agent: Perry Pursell
Seller: Johnson’s Management Grp. Inc.
Buyer: Stafford and Pamela Easterling
The Cost of Losing a Commercial Real Estate Prospect
This is a very powerful video that all brokers should share with their customers. We walk landlords through how to quantitatively determine whether or not to accept a deal and the real cost of that decision. The information is presented in a way that will be very surprising to most and will assist in understanding just how close a deal is even if on the surface it appears unsatisfactory. We urge you to forward this on to your colleagues.
This month’s Coldwell Banker Commercial “Leader Insight” interview is with Sadie Darnell – Alachua County Sheriff.
Find out:
-From the Sheriff’s perspective and from the perspective of a long time resident, how the county has changed over the last 15-20 years.
-If the Sheriff’s job is harder than it used to be.
-What she does to relax and have fun.
-What is her favorite part about being sheriff.
-What the average law-abiding citizen can do to make her job easier.
-What her thoughts are on whether the sheriff position should be an elected or appointed position.
-What she thinks is so special about Alachua County and Gainesville.
“Leader Insight” is a video podcast interview of the top business leaders from in and around Alachua County. The interviews range from fun natured, out of the box, personal questions to questions about their industry, their view on local business issues, how they got started in business, and their advice on how to achieve success in life and in business.
Check Out Coldwell Banker Commercial’s Most Recent Lease and Sale Closings:
Remarkable things happen when a dynamic team focuses their specialized skills
for the benefit of their customers. Coldwell Banker had a busy month in closings. You will see below that we leased 2 offices, 3 retail spaces and a warehouse. And sold an office and a warehouse. Click here to view pictures of the properties.
4,330 SF OFFICE SOLD
912 NE 2nd Ave, Gainesville, FL
Listing Agents: Beau & Todd
Buyer: Bass Underwriters, Inc.
Seller: 912 NE 2nd St. LLC
860 SF RETAIL LEASED
3432 W University Ave., Gainesville, FL
Listing Agents: Beau & Todd
Selling Agent: Rick Cain
Landlord: Equilease Center, Inc.
Tenant: Talking Walls, Inc.
12,980 SF WAREHOUSE SOLD
470 SW Arrowhead Terr., Lake City, FL
Listing Agent: Perry Pursell
Buyer: Cornerstone Partners LP
Seller: Gateway Bank
1,671 SF OFFICE LEASED
1204 NW 69th Terr., Gainesville, FL
Listing Agents: Beau & Todd
Tenant: Starke Family Medicine Clinic
Landlord: Dr. Nelson
3,000 SF RETAIL LEASED
3429 W University Ave., Gainesville, FL
Listing & Selling Agents: Beau & Todd
Landlord: Ben-O-Fred
Tenant: Sisset’s LLC
A must see video for customers, clients, owners, landlords, and brokers about how to keep your head in the game, keep ego out, think win win, don’t insult, and much more when negotiating a commercial real estate transaction.
This month’s Coldwell Banker Commercial “Leader Insight” interview is with Matt Davis – COO of North Florida Regional Medical Center.
Find out:
-How at only 39 years old he became the COO of NFRMC.
-What Matt is responsible for on a day to day basis and what are his favorite and least favorite parts of the job.
-What changes he foresees in health care and how that affects his job, NFRMC, and HCA.
-What his crystal ball says about health care in America 10 years from now.
-What personal traits he possess that makes him an effective leader.
-What he loves to do for fun as a family and what he likes to do as an individual?
-What he thinks is so special about Gainesville for himself and his family.
“Leader Insight” is a video podcast interview of the top business leaders from in and around Alachua County. The interviews range from fun natured, out of the box, personal questions to questions about their industry, their view on local business issues, how they got started in business, and their advice on how to achieve success in life and in business.
Check Out Coldwell Banker Commercial’s Most Recent Lease and Sale Closings:
Remarkable things happen when a dynamic team focuses their specialized skills
for the benefit of their customers. Coldwell Banker had a busy month in closings. You will see below that we leased 6 offices and 2 industrial spaces, and sold 3 multi-family and an industrial space. Click here to view pictures of the properties.
1000 SF Office Leased
4001 Newberry Rd., Gainesville, FL
Listing & Selling Agents: Beau & Todd
Tenant: Naglaa Zidan Elsated Abdel, AL
Landlord: Brenneman
4,151 SF Industrial Sold
2720 NE 27th Way, Gainesville, FL
Listing & Selling Agent: Perry Pursell
Buyer: Raider Holdings
Seller: United Fuels Corp
1,500 SF Office Leased
5000 NW 27th Ct., Gainesville, FL
Listing & Selling Agents: Beau & Todd
Tenant: Ted S. Yoho
Landlord: Mary Ann DeCarlis Trustee
833 SF Office Leased
2772 NW 43rd St., Gainesville, FL
Listing & Selling Agents: Beau & Todd
Tenant: Chris Annis Attorney at Law
Landlord: Saul Silber Properties
9 Unit Multi-Family Sold
1000 SW 9th Street, Gainesville, FL
Selling Agent: Rick Cain
Buyer: Delta House, LLC
Seller: HCO Real Estate Investments, Inc.
4,823 SF Office Leased
13705 Progress Blvd., Alachua, FL
Listing & Selling Agents: Beau & Todd
Tenant: Foundation for Applied Molecular Evolution
Landlord: SNH Medical Office Properties
4,920 SF Industrial Leased
1724 NE 2nd St., Gainesville, FL
Listing Agent: Beau & Todd
Tenant: Altavian, Inc
Landlord: Equilease
How Bankers Perform Pro-formas on Investment Property
Find out from Doug Pratt of TD Bank how bankers perform pro-formas on investment income properties that don’t have actual expense data to evaluate. See the various percentages and indexes they apply in determining whether to loan on a project or not.
Coldwell Banker Commercial M.M. Parrish is expanding the team to include Steve McKinney. Please help welcome Steve to the team.
As a second generation Gainesville native, Steve McKinney knows the ins and outs of his home town. Leading up to his affiliation with Coldwell Banker Commercial he has forty plus years of experience in business, including construction, restaurants, retail, real estate, and energy consulting. In addition to attaining success as an entrepreneur, Steve has many years of active community service. Having been licensed as a Real Estate Broker almost 25 years ago, he has been engaged in transactions of residential, commercial, lease negotiation and business opportunity. Continue reading →
Todd Rainsberger Awarded National Association of Realtors National Commercial Award
Please join us in congratulating our very own Todd Rainsberger for being awarded the National Association of Realtors National Commercial Award, which is bestowed upon the top 40 commercial Realtors in the U.S. for excellence in the commercial real estate industry.
Check Out Coldwell Banker Commercial’s Most Recent Lease and Sale Closings:
Remarkable things happen when a dynamic team focuses their specialized skills
for the benefit of their customers. Coldwell Banker had a busy month in closings. You will see below that we sold 3 offices, a mulit-family apartment building, retail building, and leased 2 offices and an industrial space. Click here to view pictures of the properties.
15,426 SF Office Sold
11801 Research Drive, Alachua, FL
Listing & Selling Agent: Rick Cain
Buyer: RTI Biologics
Seller: Thompson Davis Enterprises LLC
1,008 SF Retail Sold
2441 NW 43rd Street, Gainesville, FL
Listing Agent: Rick Cain
Tenant: MSONE Management Group LLC
Landlord: Carolina Sanchez, Trustee
2,164 SF Office Sold
110 NW 2nd Avenue, Gainesville, FL
Listing Agents: Beau & Todd
Buyer: Frost & Van Den Boom & Smith
Seller: Stripling
48 Unit Multi-Family Sold
611 SE 9th Avenue, Ocala, FL
Listing Agents: Beau & Todd
Buyer: Carlos Lopez MD PA
Seller: Clifford Hopkins, Trustee
15,213 SF Office Sold
100 SW 75th Street, Gainesville, FL
Selling Agents: Beau & Todd
Buyer: Mid Florida Area Agency on Aging
Seller: Tower Ventures of Gainesville
1,029 SF Office Leased
13705 Progress Blvd., Alachua, FL
Listing & Selling Agents: Beau & Todd
Tenant: Oxthera Inc.
Landlord: SNH Medical Office Properties
This month’s Coldwell Banker Commercial “Leader Insight” interview is with Jim Doughton – Publisher of The Gainesville Sun.
Find out:
-His history in the newspaper business and how he got started in media.
-How he became publisher for 8 different newspapers all over the southeast when usually a person only handles one.
-When he has a minute to breathe, what does he do for fun?
-At a time when most newspapers are getting smaller the parent company, Halifax, is buying more newspapers. What does Halifax know that other companies don’t?
-How Jim sees the print newspaper industry evolving over the next 10 years?
-Whether Jim fears that the world is becoming less literate because of the proliferation of technology?
-What he thinks North Florida’s biggest challenges in the next few years are?
-What he thinks makes Gainesville and Alachua County such a great place to live and work?
“Leader Insight” is a video podcast interview of the top business leaders from in and around Alachua County. The interviews range from fun natured, out of the box, personal questions to questions about their industry, their view on local business issues, how they got started in business, and their advice on how to achieve success in life and in business.
Check Out Coldwell Banker Commercial’s Most Recent Lease Closings:
Real estate is really picking up, Coldwell Banker had a busy month in closings. You will see below that we leased 4 industrial spaces, 3 offices and a retail building. Click here to view pictures of the properties.
3145 SF Retail Leased
1527 NW 6th Street, Gainesville, FL
Listing Agent: Rick Cain
Tenant: Body by Boris, LLC
Landlord: Signs Galore
1732 SF Office Leased
2830 NW 41st Street, Gainesville, FL
Listing & Selling Agent: Perry Pursell
Tenant: Laura Bresko
Landlord: David Etherington, Trustee
1569 SF Office Sold
708 NW 8th Avenue, Gainesville, FL
Listing & Selling Agent: Rick Cain
Buyer: Kenneth and Ellen James
Seller: Florida Black Business Support Corp
3655 SF Industrial Leased
3800 N. Main Street, Gainesville, FL
Listing Agents: Beau & Todd
Selling Agent: Perry Pursell
Tenant: Automotive Paint & Supply Co.
Landlord: Equilease
1100 SF Office Leased
300 E. University Ave., Gainesville, FL
Listing & Selling Agents: Beau & Todd
Tenant: Plum Creek Land Company
Landlord: Gainesville Commerce Center LP
Please join us in congratulating our very own Beau Beery for being selected as one of Real Estate Forum’s Forty under 40. Fred Schmidt, CEO of Coldwell Banker Commercial Worldwide, exclusively selected Mr. Beery to represent the global corporation in this year’s prestigious search of the top real estate professionals in the U.S. under 40 years of age. Quite an honor! You can see the article by visiting Real Estate Forum. Real Estate Forum, now in its 66th year of publishing, remains the undisputed market leader with a membership reach of over 54,000 executive level real estate professionals across the U.S. earning an average of $467,000 per year with 60% of the readership having 20+ years of experience.
This month’s Coldwell Banker Commercial “Leader Insight” interview is with Hiro Leung – Co-Creator of Dragonfly Sushi, Rolls and Bowls, and YUME UME.
Find out:
- Why his business is so successful.
- How similar his restaurants are to what may be found in Japan?
- What advice he has for young entrepreneurs sprouting up as well as regular folks in jobs they aren’t passionate about?
- What he’d do differently if he had to start all over again.
- What the future holds for Hiro personally and professionally 5 years from now? 10 years from now?
- What it is about Gainesville that he loves so much?
“Leader Insight” is a video podcast interview of the top business leaders from in and around Alachua County. The interviews range from fun natured, out of the box, personal questions to questions about their industry, their view on local business issues, how they got started in business, and their advice on how to achieve success in life and in business.
Check Out Coldwell Banker Commercial’s Most Recent Lease Closings:
The first property is automotive, located at 1720 NW 53rd Avenue, Gainesville. The building is 4,765 sq. ft. and owned by Davis Rembert, Trustee. The new tenant is Holton Automotive, Inc.
The second property is office. It is located at 4613 NW 6th Street, Gainesville and is 3,000 sq. ft. The owner, Commercial Sites LLC, is leasing the space to Bill’s Used Goods And Appliances.
The third property is an office, located at 2131 NW 40th Terrace, Gainesville. It is 1,585 sq. ft. and is owned by Office Solutions of Gainesville. EverBank is now the tenant.
The fourth property is an office, located at 300 E. University Ave, Suite 201, Gainesville. The building is 4,017 sq. ft. and owned by Gainesville Commerce Center LP. The new tenant is 101 International Investment Co.
The fifth property is office. It is located at 1029 NW 23rd Avenue, Gainesville and is 2,352 sq. ft. The owner, Mary Kampe, is leasing the space to Sacred Earth Center Inc.
The sixth property is office, located at 214 W. University Ave., Gainesville. It is 1,500 sq. ft. and is owned by Semrani Holdings. John Cooper PA is now the tenant.
Congratulations to everyone involved. It sure is great to see the market moving! Remarkable things happen when a dynamic team focuses their specialized skills for the benefit of their customer.
Alachua County Development Updates, Important Projects, and Future Projects
From Rory Causseaux of Causseaux, Hewett, & Walpole, get the scoop on what Alachua County developments are in planning, what are the most important projects in town, and what kind of work do they envision doing more of locally.
The very fun and popular Mustache Monday is back for the 2nd year! Please view the following link about this year’s Mustache Monday.
Last year we decided to piggy back on the well-known global movement called “No Shave November” or “Movember” that started in Australia and blossomed into a world-wide, fun way to raise money for cancer.
Simply, we are for asking each and every willing participant in Alachua and surrounding counties to stop shaving for the entire month of November. On December 1st or 2nd, the men will craft their beards into any manner of mustache masterpiece. Come to work with your proud ‘stache all day on December 3rd (Mustache Monday) and have your picture taken at the office. Send in your photo for your chance at mustache immortality.
All pics will be sent to the American Cancer Society locally and actual cancer patients will judge this year’s winner of Mustache Monday. For now, save the date and begin thinking about the size and shape of your award-winning mustache. Details on entry fees and prizes, etc. will be coming later in the month. All proceeds go to support the American Cancer Society.
Check Out Coldwell Banker Commercial’s Most Recent Lease Closings:
The first property is an office, located at 214 W. University Ave., Gainesville. The building is 1,150 sq. ft. and owned by Semrani Holdings. The new tenant is Clean Touch Group.
The second property is office. It is located at 3842 Newberry Rd., Gainesville and is 5,750 sq. ft. The owner, Plaza Royale Associates , LLC, is leasing the space to USA-USACE Finance Center.
The third property is an office, located at 6110 NW 1st Place, Gainesville. It is 3,262 sq. ft. and is owned by Action Management. The Oaks Family Dentistry, LLC is now the tenant.
The fourth property is an office, located at 2772 NW 43rd Street, Gainesville. The building is 2,844 sq. ft. and owned by Buildings 32606 Inc. The new tenant is Spirit of Faith Christian Church.
The fifth property is office/warehouse. It is located at 1325 NW 53rd Avenue, Gainesville and is 1,239 sq. ft. The owner, Southern Equity Investments, is leasing the space to Robert Hartley.
The sixth and seventh properties are office/warehouse, located at 4609B NW 6th St., Gainesville. Units #5 and #6 are each 1,200 sq. ft. and are owned by Cheshire Companies. William Wong and Titletown Plumbing, LLC are now the tenants.
Congratulations to everyone involved. It sure is great to see the market moving! Remarkable things happen when a dynamic team focuses their specialized skills for the benefit of their customer.
order cialis cheaph.com/wp-content/uploads/2012/09/cire2.jpg” alt=”" width=”100″ height=”127″ />Sometimes the key to making a successful pitch is to make no pitch at all. “My
partner and I are the leading commercial salesmen in our region … and we’ve
never done a listing presentation in our career,” says Beau Beery, CCIM, CPM,
president of Coldwell Banker Commercial M.M. Parrish Realtors in Gainesville, Fla.
“It is all about getting people to like you and has nothing to do with tools and fancy
gadgets.”
Beery honed this approach with the help of Dale Carnegie’s bestseller How to
Win Friends and Influence People. Carnegie encourages readers to become genuinely
interested in other people, be positive, and use other peoples’ names often in
conversation, among other tips. “People want to work with their friends, so we just
become everyone’s friend,” Beery says. Continue reading →
Check Out Coldwell Banker Commercial’s Most Recent Lease Closings:
The first property is an office, located at 4104 NW 13th Street, in Gainesville. The building is 1,861 sq. ft. and owned by Walter Johnson. The new tenant is GV Air Systems.
The second property is retail. It is located at 3832 Newberry Rd., Gainesville and is 1,828 sq. ft. The owner, Plaza Royale Associates , LLC, is leasing the space to Scottrade, Inc.
The third property is an office, located at 6011 NW 1st Place, Gainesville. It is 7,446 sq. ft. and is owned by Causseaux & Ellington. University of Florida-Oncology is now the tenant.
Congratulations to everyone involved. It sure is great to see the market moving! Remarkable things happen when a dynamic team focuses their specialized skills for the benefit of their customer.
Check Out Coldwell Banker Commercial’s Most Recent Lease Closings:
The first property is an office, located at 1103 NW 13th Street, in Gainesville. The building is 2,480 sq. ft. and owned by 1103-1105 13th Street, LLC. The new tenant is Wise Buddha Enterprises, LLC.
The second property is a restaurant. It is located at 14180 W. Newberry Rd., Newberry and is 4,000+ sq. ft. The owner, Jonesville Realty Holdings, LLC, is leasing the land to McDonald’s USA, LLC
The third property is an office, located at 4607 NW 53rd Avenue, Gainesville. It is 3,684 sq. ft. and was owned by PNC Bank, N.A.. Equilease of Gainesville, Inc. is now the owner.
Congratulations to everyone involved. It sure is great to see the market moving! Remarkable things happen when a dynamic team focuses their specialized skills for the benefit of their customer.
This month’s Coldwell Banker Commercial “Leader Insight” interview is with Lee Pinkoson, Alachua County Commissioner.
Find out:
- About Lee’s family history in Alachua County.
- What drew him to the fun world of politics.
- What is the most rewarding aspect of being a County Commissioner.
- What is the least gratifying aspect of being a County Commissioner.
- What he sees as the county’s biggest challenge in the next 10-20 years.
- If he is running for re-election and if not, what would be next.
- What Lee thinks makes Gainesville and Alachua County so special.
“Leader Insight” is a video podcast interview of the top business leaders from in and around Alachua County. The interviews range from fun natured, out of the box, personal questions to questions about their industry, their view on local business issues, how they got started in business, and their advice on how to achieve success in life and in business.
Todd Rainsberger and Beau Beery Teach Networking Class at UF Business School
Many will agree it is often who you know, not what you know in the business world. Todd and Beau delivered a step by step process on how to develop a large network of quality contacts that will help them accomplish their career goals. They discussed the importance of contact
management software, the power of Microsoft Outlook, how www.linkedin.com can contribute, books to read to further your cause,
and how to manage your newly formed relationships. Whether you are a
people person or an introvert, Todd and Beau use live hands on training
during this class to train on how to look, what to say, how to carry a
conversation, how to interrupt a group, how to introduce yourself, and
how to follow up. Those in attendance walked away knowing exactly how to
network effectively in any situation and how to maintain those key
relationships for the mutual betterment of the parties.
Retail continues to lag the performance of office, but is still in recovery mode. While 10 more spaces were added to the inventory, the total square footage actually decreased by 8,506 SF. This means that there were likely 1 or 2 larger transactions that overcompensated for the number of listings that came on the market.
Within “retail” the food industry is definitely showing the most activity. From sit-down restaurants to fast-food to specialty food service, the food industry is very active in our market.
Comparing retail leasing to office leasing, retail accounted for 13.0% of the closings in Coldwell Banker Commercial’s portfolio. Obviously each firm has different specialties and this is only representative of our firm, however in analyzing all the closings from all the firms from MLS, these ratios don’t change significantly.
Overall, MLS stats show 19 total retail/restaurant leases all year vs. 48 office lease closings. Year over year the number of listings and total area in retail has increased between 5-7%, but ironically the rate has also increased by 5.25% to $16.00/SF NNN.
Below are a few highlights of the quarter overall:
►The total number of retail listings increased from 195 in the 1st Qtr 2012 to 205 for the 2nd Qtr 2012, a 5.13% addition. Compared to 2nd Qtr 2011’s 192 listings, this is an 6.77% increase.
►The total area of retail space available is 771,391 square feet, a decrease of 1.09% from last quarter. Compared to 2nd Qtr 2011’s 733,373 SF, this is a 5.18% increase.
►The overall weighted average net lease rate for all retail space in Alachua County during 2nd Qtr 2012 was $16.00/SF with a median of $15.68/SF. This lease rate has increased by 1.76% since the 1st quarter and has increased by 5.25% since 2nd Qtr 2011’s rate of $15.20/SF. The lowest net lease rate for retail space was $4.20/SF, and the highest net lease rate for retail was $40.00/SF.
►The overall weighted average number of days on the market for all retail space during 2nd Qtr 2012 was 574 days (a median of 530 days), or about 21 months, a decrease of 3.39% over the last quarter and an increase of 16.05% since 2nd Qtr 2011.
►Seven of the eleven categories either stayed the same or decreased in the number of listings. The largest percentage decrease in categories with enough listings to consider was in the 3,001-4,000 square footage range, having decreased from 19 to 18 listings.
Overall, for the first time in years we can now compare office lease activity year over year and have good news! Since 2nd Quarter 2011, office listings went down 3.76% and the total square footage went down almost 7.0%. So now we have quarter over quarter and year over year positive absorption of office space and activity is up.
This past quarter we noticed for the first time that really nice spaces that are in move-in condition, on a great corridor, and priced well, will fetch multiple prospects.
Nearly every deal we’ve done has been between $11-14/SF gross depending on location, quality of tenant, and length of term. The average asking lease rate right now is $12.92/SF. Lease rates have remained stable, fluctuating no more than $0.50/SF for the last 12 months.
After analyzing every single office lease closing that has occurred in Alachua County since January 2012, we found that the average closed gross lease rate was $12.45/SF. Using a similar time frame, the average office sale among all transactions was $98.44/SF and that office sale listing was on the market an average of 8 months.
Below are a few highlights of the quarter overall:
►The total number of office listings decreased from 258 in the 1stQtr 2012 to 256 for the 2nd Qtr 2012, a 0.78% decrease. Compared to 2nd Qtr 2011’s 266 listings, this is a 3.76% decrease.
►The total area of office space available is 795,468 square feet, a decrease of 2.19% (17,770 SF reduction) from last quarter. This was a 6.99% decrease from 2ndQtr 2011’s total area. This includes executive suites.
►The overall weighted average gross lease rate for all office space during the 2ndQtr 2012 was $12.92/SF with a median of $13.00/SF. This lease rate has decreased by 2.78% since 1st Qtr 2012 and has decreased by 4.13% since 2nd Qtr 2011’s rate of $13.48/SF. Continuing with 2nd Qtr 2012 stats, the lowest gross lease rate for office space was $6.02/SF and the highest gross lease rate for office space was $23.50/SF.
►The overall weighted average number of days on the market for all office space during 2nd Qtr 2012 was 447 days (a median of 339 days), an increase of 4.91% over the preceding quarter and an increase of 24.74% since 2ndQtr 2011.
► Office space with area under 4,000 SF is on the market a weighted average of 419 days compared with 525 days for office space over 4,000 SF. There are 190 listings under 4,000 SF (0.53% increase over last quarter) compared with 66 listings over 4,000 SF (4.35% decrease from last quarter).
Dear commercial and residential real estate practitioners:
Please view the 2nd Quarter 2012 Leasing Report for Alachua County, Florida. Our team at Coldwell Banker Commercial M.M. Parrish are excited about the continuing positive results in our market. Besides being a solid reference for commercial Realtors, developers, appraisers, and the like, this report is useful to residential Realtors wanting to be “in the know” as well as out-of-town real estate colleagues wanting a quick temperature on our market.
As always, we are available to discuss these results with you at any time! Now, on to the CRE Summary and Market Outlook:
McDonalds in Jonesville, 14180 W. Newberry Road Largest MLS reported retail transaction in 2nd Qtr Landlord: Jonesville Realty Holdings LLC Tenant: McDonalds USA, LLC
Continuous improvement, that’s my position and I’m sticking to it. Our commercial market is getting better and better and it’s happening at a slow, but definable rate. In other words, the market isn’t recovering at a breakneck pace like multifamily is right now, but it isn’t so slow that you don’t notice the improvement.
An additional 17,770 SF of office and an additional 8,506 SF of retail have been positively absorbed in our market. Together that’s 26,276 SF of space removed from the market leaving the total available office and retail space at 1,566,858 SF…representing a modest 1.65% reduction.
Gainesville Outlook
Office leasing is still the most frequent transaction in our market by a long shot. Within our own portfolio at Coldwell Banker Commercial, YTD nearly 90% of all our transactions have been leasing and 66% of those deals have been office. Our average deal size was 3,631 SF.
Retail continues to lag the performance of office, but is still in recovery mode. While 10 more spaces were added to the inventory, the total square footage actually decreased by 8,506 SF. This means that there were likely 1 or 2 larger transactions that overcompensated for the number of listings that came on the market.
National Outlook
Fundamentals continue to improve and investment purchases are up so the National Association of Realtors forecast good performance for the rest of 2012. That doesn’t mean there won’t be bumps in the road. Almost 70% of Realtors had deals fail this past quarter due to financing issues. Seventy-two percent said that banks are requiring more than 20% down to make deals work. For that reason, 30% of deals were all cash so buyers wouldn’t have to work with the banks (or indirectly the regulators).
Offices are forecast to have about the same vacancy as they do currently by the end of the year with rents growing about 2.0%. Retail vacancies are expected to decrease .50% and rents are expected to increase a symbolic 1.0% by year end. NAR charts show Southeast office investment sales averaging 8.3% cap rates and $125/SF and retail investment sales at a 7.9% cap rate and $121/SF.
Words of Wisdom
We work hard to take note of the deals that get closed and analyze why they closed vs. ones that haven’t – It seems to come down to location, pricing, and condition of the space.
You can’t control location but most of the time landlords can control pricing and the condition of the space. In today’s age, tenants have access to nearly all the same information that landlords and Realtors do if they are diligent. They won’t be fooled into leasing space for $16/SF when good looking suites are going for $12/SF nearby.
Regarding condition, at minimum we’re encouraging our customers to have clean floors, replace all discolored ceiling tiles, no cob webs, have bathrooms and kitchens professionally cleaned, windows cleaned, spot painting done in really bad places, all personal items removed, all furniture removed (unless the space is professionally staged), and the outside grounds have strong curb appeal.
The idea is to always make a great impression so we can all keep this fledgling recovery moving in a positive direction. Let’s work together to make it happen. Thank you.
Check Out Coldwell Banker Commercial’s Most Recent Lease Closings:
The first property is an office, located at 2815 NW 13th Street, in Gainesville. The building is 2,438 sq. ft. and owned by Nalbandian Properties. The new tenant is Pearson Vue.
The second property is an office/warehouse. It is located at 2300 NW 71st Place, Gainesville and is 10,800 sq. ft. The owner, R-Enterprises, is leasing the building to Maupin Publishing, Inc.
The third property is a restaurant, located at 203 SW 2nd Ave., Gainesville. It is 2,805 sq. ft. and owned by Ralph Dahlstrom. Freaky Baby, Inc. is now leasing it.
The fourth property this week is an office located at 3501 W. University Ave., Gainesville. It is 1,447 sq. ft and owned by McGriff Williams. The new tenant is Center State Bank.
Congratulations to everyone involved. It sure is great to see the market moving! Remarkable things happen when a dynamic team focuses their specialized skills for the benefit of their customer.
This month’s Coldwell Banker Commercial “Leader Insight” interview is with Kristen Hadeed, Owner of the wildly popular Student Maid.
Find out:
- What Kristen Hadeed does in her day to day life
- How being young has affected her building a business
- The three most important things she does to build a brand
- How she measures the success of her company
- How she hires, trains, and retains top talent
- If she plans to clone Student Maid outside of Gainesville
- What she loves about Gainesville
“Leader Insight” is a video podcast interview of the top business leaders from in and around Alachua County. The interviews range from fun natured, out of the box, personal questions to questions about their industry, their view on local business issues, how they got started in business, and their advice on how to achieve success in life and in business.
Please feel free to contact Kristen at 352-672-0038 or kristen@studentmaid.com if you have any questions or comments for her.
Check Out Coldwell Banker Commercial’s Most Recent Lease Closings:
The first property is located at 2416 NW 71st Place, in Gainesville. This 13,364 sq. ft building can be used as either an office or a warehouse. It is owned by Graddy and is being leased by Coxcom LLC.
The second property is an office, located at 13705 Progress Blvd, #113, in Alachua. The 1,478 sq. ft. building is owned by SNH Medical Office Properties Trust and is being leased by RTI Biologics.
The third property is also in the office located at 13705 Progress Blvd, #118, in Alachua. This office has 889 sq. ft and is owned by SNH Medical Office Properties Trust as well. However, this property is being leased by Particle Solutions, LLC.
It is a short, 5-minute video on how to put together a good commercial sale investment package and what content is essential to have in it.
Commercial Real Estate (CRE) Insights is an informative video podcast summarizing all things important in commercial real estate, both nationally and locally. Each segment is different, but one thing remains the same – they are informative and educational.
For more information, please feel free to contact Beau Beery, at 352.871.8324, or Todd Rainsberger, at 352.339.5533.
Coldwell Banker M.M. Parrish Realtors is growing. Despite what some people characterize as a slow real estate market, CBMMP has added a number of well-known local members of the real estate community. Says President J. Parrish, “We’re very optimistic about the future and I think people are attracted to that optimism. Everyone wants to be in a growing, exciting environment and we’re creating that here.”
Beau Beery, Partner and President of Coldwell Banker Commercial, echoed those sentiments, “Part of our company mission is to create what we call a ‘culture of success’ which is a positive, upbeat atmosphere that fosters productivity and makes for a fun work environment. It doesn’t matter what the market is doing, we’re going to be successful.” People seem attracted to that kind of attitude as evidenced by the new faces in the office over that past few months: Norma Adams, Bill Wariner and Jeff Dautel from ERA Preferred Properties, Perry Pursell, Margaret Posey and Larry Alvarez from Remax, Annette Armstrong from Prudential Trend Realty, Amy Hogue from Cole Development and Realty, Joanne Lawlor from Century 21 Lakeside, Jacqui Knowles from Campus Realty. New additions from Bosshardt Realty Services include Rick Cain, Michael Kitchens, Brent Riley and Gail Riley.
J Parrish points out that several recent additions are a direct result of naming Mike Kitchens as the Executive Vice President in charge of sales. “Mike’s reputation in the local industry is so good that people know they’re going to get unmatched support. Mike is such a positive sales leader that good agents appreciate having him to back them up.”
Jacqui Knowles, a residential specialist who recently joined the team, says, “Joining Coldwell Banker has been the best decision for my real estate career. With a strong brand presence as well as history of success in the Gainesville area, Coldwell Banker M.M. Parrish has provided me with the opportunity to grow my business. I feel fortunate to work among the most professional, educated and dedicated agents in the industry.”
Another newcomer, commercial real estate veteran Perry Pursell, adds, “The Coldwell Banker Commercial brand is commanding a lot of respect in the marketplace. We have so many tools and approaches that I’ve never seen anywhere else. And they work.” Former GACAR President and the newest CBMMP addition Brent Riley adds, “It’s refreshing to work with the Leadership here. They are approachable and responsive. That creates an atmosphere of success for the agents and ultimately our clients.”
According to J Parrish, “This is just the beginning. We have a long-term plan for dynamic growth. As the market continues to improve, we’re going to be well-positioned to take maximum advantage.”
Check Out Coldwell Banker Commercial’s Most Recent Lease Closings:
The first property recently leased is located at 12 NW 5th Place in Williston, FL. The building is a warehouse with 25,000 sq. ft. The owner, JD Investment Properties, LLC is leasing the warehouse to Airsign, Inc. Beau Beery and Todd Rainsberger were the closing agents.
The second property is an office, located at 7328 West University Ave., Suite B, in Gainesville, FL. The office is 900 sq. ft and owned by Baxter and Ankrim. John L. Salter, P.A. is now the tenant. Rick Cain was the closing agent.
Congratulations to everyone involved. It sure is great to see the market moving! Remarkable things happen when a dynamic team focuses their specialized skills for the benefit of their customer.
For more information on these closings, contact team members Beau Beery,at 352.871.8324, Todd Rainsberger, at 352.339.5533, or Rick Cain at 352.281.9393.
Coldwell Banker Commercial has assembled a guide to help users easily navigate the commercial real estate market. It shows the top five office and retail areas in Gainesville.
To view the presentation, please click here: Coldwell Banker Commercial. The presentation contains four slides and is brief, but very helpful!
Feel free to forward this to colleagues, prospects, tenants, office or retail users, developers, landlords, etc. If you have any questions or comments, please contact Beau Beery at beau@mmparrish.com.
Check Out Coldwell Banker Commercial’s Most Recent Lease Closings:
The first property is an office, located at 502 NW 16th Ave., Suite 2B,in Gainesville. The suite is 1,200 sq. ft. and owned by MEW Commercial LLC, an entity of AMJ Inc. of Gainesville. The new tenant is Janine Grant of Vector Marketing, the sole distributor of Cutco Cutlery®.
The second property is also an office. It is located at 13705 Progress Blvd., Suite 136, in Alachua. The office is also located in the Progress Corporate Park and is 1,029 sq. ft. The owner, SNH Medical Office Properties Trust, is leasing the building to OxThera Inc., a biopharmaceutical company in late stage clinical development.
For more information on these closings, contact team members Beau Beery, at 352.871.8324 or Todd Rainsberger, at 352.339.5533.
The Florida Realtors® District One Conference is just one week away! You won’t find higher quality information for your business for just $10 anywhere.
I encourage all commercial and residential developers, builders, brokers, appraisers, lenders, and the like to attend…there will be education for each of you and it is only $10 to attend. You don’t have to be a Realtor member to attend.
The morning starts off with a continental breakfast for all attendees and then the breakout sessions immediately begin. There will be a concurrent, yet separate commercial real estate agenda occurring during the residential real estate agenda and you may go to either or flip flop between both. We’ll all meet back for lunch where we’ll listen to political candidates followed by a presentation by the Federal Reserve. We’ll end the day with separate residential and commercial general sessions that you won’t want to miss. Our local Gainesville Alachua County Association of Realtors has chartered a bus to go to the event and it is FREE for you to come! You must be registered for the conference to reserve your seat on the bus. The bus will leave GACAR at 6am and return to GACAR at approximately 5:30 p.m.
Please click on the flyer below to see all the great panelists lined up for this event.
Visit this link to open the 2 page Flyer for the event.
For the first quarter of 2012, it seems Retail is still struggling a little, and by struggling we only mean that it isn’t having the same rebound as office yet. The good and bad news is that inventory has been roughly the same for the last three quarters. It’s good to see inventory stabilized, but it would be nice to see some positive absorption of space. However, Retail is tied to discretionary income and that has not had a substantial change with Americans, but is improving.
There is leasing occurring in the retail sector, just not at a fast enough pace to keep up with the new listings coming on board. The spaces that are seeing activity are those under 1,000 SF. That’s where the action is. In fact, there was nearly a 16% decrease in the number of retail spaces from 1-1,000 SF this past quarter. No other square footage range had anywhere near the same success. Retail pricing has also stabilized for the last three quarters, hovering in the $15.00-16.00/SF NNN range.
► The total number of retail listings increased from 192 in the 4th Qtr 2011 to 195 for the 1st Qtr 2012, a 1.56% addition. Compared to 1st Qtr 2011’s 180 listings, this is an 8.33% increase.
► The total area of retail space available is 776,262 square feet, a decrease of 0.47% from last quarter. Compared to 1st Qtr 2011’s 704,180 SF, this is a 10.24% increase.
► The overall weighted average net lease rate for all retail space in Alachua County during 1st Qtr 2012 was $15.72/SF with a median of $15.48/SF. This lease rate has increased by 1.56% since the 4th quarter and has increased by 1.16% since 1st Qtr 2011’s rate of $15.54/SF. The lowest net lease rate for retail space was $4.20/SF, and the highest net lease rate for retail was $40.00/SF.
► The overall weighted average number of days on the market for all retail space during 1st Qtr 2012 was 585 days (a median of 531 days), or about 20 months, an increase of 10.33% over the last quarter and an increase of 27.63% since 1st Qtr 2011.
Office leasing certainly led the charge of all the activity in the market for the first quarter of 2012. There were well over 30 office lease transactions during the quarter and the number of listings that were added to the inventory weren’t enough to dampen the positive mood of activity. There was a net reduction of 13 listings from the overall inventory.
Besides prospects noticing that rates have bottomed out, we’ve noticed a number of new businesses leasing space, established businesses “right-sizing” their footprint, and prospects in B and C grade space moving into A and B properties before the pricing goes up. While we think price increases in the office category are still a ways off, we’ve seen fewer concessions from landlords. So, my advice to prospective office users, the days of 30% reductions in rent and six months of free rent are over. You better make a deal somewhere soon and don’t get greedy. The fact of the matter is that any deal you do in 2012 will still be one of best deals you’ll do for years to come.
Also, while the year over year number of listings has increased, the percentage of that increase was half of what it was last quarter. This means we are at our final settling place and things will only get better from here, barring any unforeseen political developments here or internationally.
Below are a few highlights of the quarter overall:
► The total number of office listings decreased from 267 in the 4th Qtr 2011 to 254 for the 1st Qtr 2012, a 4.87% decrease. Compared to 1st Qtr 2011’s 220 listings, this is a 15.45% increase.
► The total area of office space available is 794,887 square feet, a decrease of 2.26% (18,350 SF reduction) from last quarter. This was a 12.19% increase over 1st Qtr 2011’s total area. This includes executive suites.
► The overall weighted average gross lease rate for all office space during the 1st Qtr 2012 was $13.33/SF with a median of $13.38/SF. This lease rate has increased by 1.11% since 4th Qtr 2011 and has decreased by only 0.22% since 1st Qtr 2011’s rate of $13.36/SF. Continuing with 1st Qtr 2012 stats, the lowest gross lease rate for office space was $6.05/SF and the highest gross lease rate for office space was $24.18/SF.
► The overall weighted average number of days on the market for all office space during 1st Qtr 2012 was 426 days (a median of 309 days), an increase of 3.02% over the preceding quarter and an increase of 8.14% since 1st Qtr 2011.
► Office space with area under 4,000 SF is on the market a weighted average of 412 days compared with 467 days for office space over 4,000 SF. There are 189 listings under 4,000 SF (5.03% decrease from last quarter) compared with 65 listings over 4,000 SF (4.41% decrease from last quarter).
Great news folks – we’ve had another positive quarter of results in the office and retail leasing sectors. Our commercial real estate market has been working its way toward a recovery for the third straight quarter.
An additional 18,350 SF of office and an additional 3,635 SF of retail have been positively absorbed in our market. Together that is 21,985 SF of space that has been chopped away leaving the total available office and retail space at 1,571,149 SF…representing a modest 1.38% reduction. The number of listings in the office sector decreased by a solid 4.87%, and while the number of listings in retail increased only slightly by 3 total listings, the overall square footage decreased. These numbers are impressive when viewed in the context of the last four years.
Gainesville Outlook
We estimate that over 80% of the deals being done in commercial real estate are leasing and over 80% of those deals are office leases. Sales are happening, but the availability of capital still makes leasing the preferred action. Office leasing is inmost common because of the improved employment locally and the all time low, yet stable, leasing rates.
The typical office deal is a very attractive, very clean, move-in ready space between 1,000-3,000 SF and closing at about $12-13/SF gross and are almost all located in the Northwest. As we pointed out last quarter, leasing will continue to be strong, rental rates will remain flat through 2012, and vacancies will show a modest drop in office and a slow drop in retail.
National Outlook
The office sector is improving mirroring our local uptick. Vacancies are expected to drop by 1.0% in 2012 and another half a percent in 2013. Rates are expected to increase 1.7% in 2012 and 2.4% in 2013. The office market is showing improvement because of the improved employment rate. The retail sector continues to struggle because of suppressed consumer spending and some experts think vacancies won’t improve much in 2012, but will show small signs of improvement in 2013.
According to UF Bergstrom Center’s Survey of Emerging Market Conditions, the experts’ overall sentiment in commercial real estate has hit a five year high. The outlook for occupancy, rents, and investment property are improved, cap rates and yields are expected to remain stable, and most of the respondents felt like the availability of capital will only continue to improve.
Check Out Coldwell Banker Commercial’s Most Recent Closings:
PROPERTY: 203 SW 16th Avenue, Gainesville, FL (sale of income producing property) PROPERTY TYPE: Retail Investment Sale
SQUARE FEET: 3,142
TENANT: FastenalSELLER: Joel Zuckerberg
BUYER: Equilease Southwest I, Inc.
REAL ESTATE AGENTS: Beau Beery and Todd Rainsberger
PRICE: $172,000
PROPERTY: 2830 NW 41st Street, Suite B (Thornbrook)
PROPERTY TYPE: Office Sale
SQUARE FEET: 1,118
BUYER: Thornbrook Partners LLC
SELLER: Cushman/Godbey
REAL ESTATE AGENTS: Beau Beery and Todd Rainsberger
PRICE: 107,500 Continue reading →
These five simple steps will help any business with their business development strategy.
1. Meet with the prospect if at all possible but don’t sell your
services – everyone else is emailing or doing phone calls that are all
about their services and nothing to do with relationship building or the
customers’ needs. Ideally you meet them at a social or business event
going on in the area. You’re just trying to sincerely be their friend
because in the end, that’s all that matters anyway. If you eventually
get their business great, if not, you picked up a friend and that’s a
plus.
On May 7, 2012, World Thought Leader John Spence talked to the GACAR Commercial Investment Group.
My favorite words that he said were what we all need to have in order to get more business: “nimbelocity.” This means we need to be more nimble to changes in the marketplace. If we are very nimble, we would be called “nimbleicious.”
He said we want to position ourselves as a Category of 1, which means you don’t want to be the best at what you do, you want to be the only one that does what you do. You want to be the trusted advisor, an expert on your products and services. You don’t want to say you don’t know too often or you’ll lose credibility. We all need to be an expert on our customers and clients. People who have trusted relationships with their clients get 23% more business. Continue reading →
The Eye Opener series was created by UF over 20 years ago for the business world to be able to catch a glimpse of important achievements, research, current events, and other local business related issues facing UF and our community. Each month is a new speaker. Today’s speaker is David Norton.
David wanted to be a scientist ever since he was a child. He loved watching NASA, nature shows, etc.
He didn’t want to be an astronaut because the training was too grueling. He grew up on a tropical fish farm in south Florida. He worked on the farm when he was 10. He learned all about that business.
In 1970 a role model appeared, Gene Wilder of Young Frankenstein. He said scientists want to rule the world, quoting the Angry Villager in Young Frankenstein.
The central thread that drives all scientists is that they want to do something important, something big. Continue reading →
Some of those in attendance as speakers: Mayor Craig Lowe, Paula Delaney, Bernie Machen, Mike Gallager, Florida’s Lt Governor
A packed room full of business owners at the Hilton celebrated the new addition of MindTree. Also, as a community we’ve brought Silverwing Airways and helped Prioria establish a home at the GRU facility.
Mitch Glaeser, Chair of Chamber of Commerce, spoke – This project began under Tommy McIntosh’s leadership. Mitch introduced Scott Staples, Co-Founder and President Americas, MindTree. Scott wore a Florida Gator
tie, which everyone loved. Continue reading →
► The total number of retail listings decreased from 193 in the 3rd Qtr 2011 to 192 for the 4th Qtr 2011, a 0.52% reduction. Compared to 4th Qtr 2010’s 148 listings, this is a 29.73% increase.
► The total area of retail space available is 779,897 square feet, an increase of 0.73% over last quarter. Compared to 4th Qtr 2010’s 638,965 SF, this is a 22.06% increase.
► The overall weighted average net lease rate for all retail space in Alachua County during 4th Qtr 2011 was $15.14/SF with a median of $15.19/SF. This lease rate has decreased by 3.56% since the 3rd quarter and has decreased by 1.65% since 4th Qtr 2010’s rate of $15.39/SF. The lowest net lease rate for retail space was $4.20/SF, and the highest net lease rate for retail was $40.00/SF. Continue reading →
-Recent bill passed will set benchmarks for education to recognize universities that have already reached those benchmarks and allows those universities to differentiate themselves. Things like graduation rate, faculty, GPAs, companies started. You meet benchmarks then you get to do things differently
-UF can now require a 9-12 hour course of Gen Ed that acumates students to the university…a signature course that is sort of an introductory course to university life. Only students that meet the benchmarks above can require this course. It makes the undergraduate experience more unique and more special. Continue reading →
Coldwell Banker Commercial M. M. Parrish Realtors today announced that Beau Beery has been named a board member for the prestigious UF Bergstrom Center for Real Estate Studies. He joins an elite group of the top 150 real estate professionals from around the state, a group that includes other local members Mike Warren, Ken McGurn, Deborah Butler, Andy Hogshead, Nathan Collier, Steve Mench, Todd Powell, and Keith Schantz. The Advisory Board’s mission is to advance the quality and visibility of the University’s real estate degree programs. Continue reading →
You can borrow at 3.9% right now in housing – this still hasn’t made a big impact, which proves that jobs is still the most important key to economic stability.
GDP was up 2.8% in 4th qtr 2011
Just because our economy seems to be getting better because of various indexes increasing like GDP, without jobs increasing as well, that isn’t coming out of a recession. Continue reading →
► The total number of office listings increased from 263 in the 3rd Qtr 2011 to 266 for the 4th Qtr 2011, a 1.14% increase. Compared to 4th Qtr 2010’s 201 listings, this is a 32.34% increase.
► The total area of office space available is 811,790 square feet, an increase of 1.87% (14,924 SF addition) over last quarter. This was a 25.94% increase over 4th Qtr 2010’s total area. This includes executive suites.
► The overall weighted average gross lease rate for all office space during the 4th Qtr 2011 was $13.18/SF with a median of $13.05/SF. This lease rate has decreased by 1.53% since 3rd Qtr 2011 and has decreased by only 1.87% since 4th Qtr 2010’s rate of $13.43/SF. Continuing with 4th Qtr 2011 stats, the lowest gross lease rate for office space was $6.92/SF and the highest gross lease rate for office space was $23.50/SF. Continue reading →
It may sound bold to state that stabilization is upon us, but hear me out. Locally, we’ve only added a total of 20,542 SF to the office and retail market out of 1,591,687 total available square feet, representing only a 1.31% increase over the previous quarter. In other words, instead of adding lots of square footage to the inventory, we’re starting to sell or lease as much as we add. In addition, the total number of listings for both office and retail sectors remained relatively unchanged. If you have square footage increasing slightly and the number of listings remaining flat, you could assume that we’ve added a few big properties that bumped up the total square footage. It’s not time to strike up the band but the band can start warming up.
I attended Dean Cheshire’s fundraiser last night and the event was great. It was held at Jody and Suellen Davis’s beautiful home, which was packed with the who’s who of Gainesville, including Todd Chase, Dink & Peggy Henderson, Mitch Glaeser, Guy and Martha York, Matt Webster, Brian & Erin Scarborough, Ivan & Aimee Oelrich, Rob Zeller, Joann Whitworth, Davis Rembert, Keith Perry, Ward Scott, and a number of others. Dean gave a very solid, polished 5 minute talk on his intentions on the Commission if/when he wins. Dean has lived in Gainesville his whole life and has the support of a number of important people and it is exciting to see a young, competent, and willing member of the business community go to bat for the rest us.
Front Street Commercial’s Nick Banks has Ribbon Cutting For New Office Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 9/22/11
I attended Nick’s Ribbon Cutting for his new commercial real estate office in Gainesville’s Crown Pointe office park on September 21. He had a great turnout with a packed house coming in and out for at least two hours. Front Street is a full service commercial real estate company new to Gainesville and offers investment sales services, tenant and landlord rep, property management, and financing. Nick has a developer and investor background with 16 years of experience, as well as finance and dispositions experience with Stiles Development and GE Capital Real Estate.
I have had the privilege of getting to know Nick over the last year and have been impressed with his knowledge and presence in the market. Nick and I consult with one another on various real estate transactions.
I look forward to working with him in Gainesville for a long time and wish him the best.
Association of Realtors Overall Market Statistics, As Reported By Innovia MLS System Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 9/15/11
I attended the Commercial Investment meeting on Monday, September 12 and Dave Ferro of Bosshardt Realty gave us the monthly update on how residential and commercial real estate is doing from a statistical viewpoint using the MLS system. This is YTD data through August 2011. A few of the highlights I noted: Continue reading →
New Charity Era, Winners of AMJ’s Free Office Space Contest, Gives 2nd Quarter Update Posted By Coldwell Banker Commercial M.M. Parrish Realtors on 9/13/11
Joey Sasvari, Co-founder of New Charity Era, L3C, met with me and Mike Warren of AMJ to find out how the company is doing after having been in the free office space for 6 of the 12 months. From their website www.raisethevillage.com , “New Charity Era’s first product is an iPhone app designed to help the population of a poor village in Uganda. Raise the Village allows customers to construct a virtual village from scratch by building huts, schools, crop farms and more. The user also has the ability to buy collection items such as clothing, medical supplies and food. ALL of these items help contribute to the game play values of mind, health and spirit of the village.” Continue reading →
Plum Creek’s Envision Alachua Series – August 4, 2011 at UF Performing Arts Center Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 9/8/11
September 29 - Innovations in Land Conservation and Resource Management
November 15 - Innovations in Community Design
January 26 – Innovations from the University of Florida: Community Design and Agricultural Urbanism
John Doggett, Senior Lecturer on Entrepreneurship and Sustainable Energy at the University of Texas, was the keynote speaker for the night. He was incredible to listen to. His delivery was fascinating and his content was most rich. He has traveled to 46 different countries now. His famed saying for the night, that everyone grew to love, was “ugly baby glasses”. To explain this phrase, he said when we are talking about getting our country back on the right track, we need to stop acting like people do when they see an ugly baby, which is to lie to the parent by telling them their child is so beautiful. Continue reading →
UF Bergstrom Center Director reveals results of 2nd Qtr Survey of Emerging Markets report on July 22, 2011Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 9/6/11
The talk was done for the Gainesville Alachua County Association of Realtors Commercial Committee at the regular monthly meeting. Becker said that 37 of the state’s 67 counties are included in the report. He said that overall respondent sentiment is up. He pointed out that lender sentiment is down and developer sentiment is up. Becker mentioned that once again jobs, government and capital availability are the top three topics. Continue reading →
Chamber Speaker Series – R. Stubb, T. Broom, K. Hadeed, J. Greenberg – June 23, 2011 Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 8/30/11
The Chamber of Commerce hosted a fantastic speaker series at Villa East in Gainesville, FL. The series were interviews with four local entrepreneurs and their views and tips on various business issues. The speakers also took questions from the audience. The speakers were:
Rick Stubb – Rick trains hospitals on how to use medical equipment, he also started Tyler’s Hope because of his own kids being affected, which has since raised $1.7 million.
Tim Broom – Tim owns New Horizons Learning Center and was one of the Top 15 centers worldwide for computer and software training and was top in Cysco training. His center was also named 2010 Global Location of the Year. Continue reading →
Poppell and Green discuss Innovation Square – 6/20/11 Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 8/30/11
In a meeting at P.K. Young School in Gainesville, Ed Poppell introduced Perkins and Will’s David Green, the designer for UF’s Innovation Square. Poppell revealed that an entity called UF Development Corporation (UFDC) will take possession of the 25 acres Innovation Square will be built on and the UFDC will lease land to other real estate development companies. These real estate developers will then seek occupants to build and lease the buildings to. It was mentioned that even though the land is currently not on the tax rolls, this new venture will now put all of the UFDC land on the tax rolls. UF has identified a company to help brand the entire project, which may or may not stay named Innovation Square. Green said that GRU has been a major player in the horizontal infrastructure. He also mentioned that the new building will be open in September 2011, where the University of Florida will be housing 13 spin off companies. Poppell mentioned that we have a lack of larger blocks of space, 15,000 SF and up. Continue reading →
August 2011 ICSC Convention, Part 5 of 5: Qualifying Retail Prospects is Like Dating Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 8/29/11
This was the best breakout session that I attended at the Florida ICSC convention in Orlando. Beth Azor, President of Azor Advisory Services, Inc., headed up the presentation. I have been to one of her sessions before and she is an excellent presenter that leaves you with lots of notes and good ideas at the end of the day. She delivered some “rules” for how to act with prospects and how to qualify them. She used hilarious video clips and pictures to get her point across and it was a heavy audience interaction session as well. This was all about how, as a leasing agent or owner, you should conduct yourself when prospecting. She likened prospecting very closely to dating as a single person and used several funny analogies. Below are my notes: Continue reading →
August 2011 ICSC Convention, Part 4 of 5: Open-Air Centers Panel Discussion Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 8/28/11
The Monday lunch at the Florida ICSC convention was a panel discussion moderated by Trish Blasi, President of Borghese Investments, LLC. Present were real estate reps for Walmart, LA Fitness, Beall’s Department Stores, and Walgreens. The discussion was entitled, “What Keeps Retailers Up at Night?” but I had to leave before some of the meat of the conversation began. I did, however, jot down the following notes from the talk: Continue reading →
August 2011 ICSC Convention, Part 3 of 5: “The Juniors” (retail stores 5,000-20,000 SF) Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 8/27/11
Another breakout session that I attended at the 2011 Florida ICSC convention was entitled, “The Juniors”, which is the description of retailers that are between 5,000-20,000 SF. They aren’t quite “big box” retailers and they aren’t small…hence the word “juniors”. These juniors have often times been created by splitting up big boxes like grocery stores. This was a panel discussion moderated by Rod Castan of the Courtelis Company with representatives from Pet Supermarket, Cato, Tuesday Morning, Save-A-Lot, and Party City. Below I have summarized the discussion: Continue reading →
August 2011 ICSC Convention, Part 2 of 5: Leasing Workshop Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 8/26/11
At ICSC (International Council of Shopping Centers), Monday is filled with various educational workshops all day that you can choose from to attend. I chose to attend one on retail leasing. It was a room full of about a dozen round tables with 6-8 people at each table. Each table was given a topic to discuss and then the tables shared a few remarks regarding that subject. Below are my notes from each table: Continue reading →
August 2011 ICSC Convention, Part 1 of 5: Florida Regional Overview Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 8/25/11
I attended ICSC’s Florida Convention in Orlando August 21-23 and was happy to see an increased attendance and an increase in the number of retailer booths. Real estate has a long way to go but there was an obvious optimism in the air. The Monday morning breakfast is always started with a panel discussion giving a regional overview on Florida’s retail real estate. John Crossman, President of Crossman & Company, moderated the discussion and below are my notes from each of the four panelists: Continue reading →
Low Cost Commercial Real Estate Marketing Ideas By Beau Beery, as printed in Realtor Magazine Online
Change the name. If you have a building or office park that’s been languishing, a new name can buy a fresh start. For example, I changed Tower Medical Center to Tower Office Center to attract nonmedical tenants. (Cost: $500 for new signage.) Continue reading →
Economist Sean Snaith Gives Great Quote at Orlando Retailer One on One Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 8/15/11
I attended the Retailer One on One in Orlando on April 14, 2011, where an economist with an entertaining delivery by the name of Sean Snaith brought us a quote that hit everyone in the room like a ton of bricks.
“One billion seconds ago Truman was President, one billion minutes ago was around the time of Jesus, one billion years ago was before humans, one billion dollars ago was one day at the U.S. Treasury”
Your Commercial Broker Should Be A Member Of The Local InnoVia MLS System Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 8/1/11
Owners and landlords of property in Alachua County, before choosing a commercial broker to represent you make sure they are a member of the local MLS. Gainesville is one of those few commercial real estate markets whose commercial brokerage community primarily uses the MLS (multiple listing service) as their primary source for looking up lease and sale availability when talking with their clients about space. The norm in the commercial brokerage industry in medium to large cities is that very few commercial brokers use MLS, as most use Loopnet, CoStar, or some regional association’s listing exchange. For a long time I didn’t use the local MLS either and stuck to other means of marketing but I learned quickly that a good deal of business was being transacted by good local agents that only have access to MLS. This is especially true for properties that are of a local nature, in other words, office or retail buildings that don’t tend to rely on exposure to national tenants to fill them. I’ve since done a number of transactions with Realtors who are members of the MLS so it has been worth every penny of our dues.
2nd Qtr 2011 Alachua County Commercial Real Estate Summary and Market Outlook Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 7/29/11
This quarter can be summed up as “one step forward, two steps back”. I’m looking forward to the day when I get to report all positive news…I know it’s coming soon, just not yet. The one step forward is that leasing sales are up year over year. The two steps back is that inventory is increasing at a faster rate (negative absorption). It is frustrating because there are only a finite number of prospective tenants in the market, yet so many listings. This creates several problems including decision constipation on the part of the prospect, extended days on the market, stagnant lease rates, higher vacancies, and so on. After adding 61,670 SF and 19 office listings last quarter, this quarter added an additional 146,483 SF and 46 listings. The average listing is still on the market for a year. The charts show Days on Market as having come down, but that can be explained by the 46 new listings skewing the average downward. Surprisingly, listings over 4,000 SF increased by almost 39% from last quarter to a total of 68. Continue reading →
Commercial Real Estate in Alachua County – 2nd Quarter 2011 Retail Leasing Report Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 7/20/11
► The total number of retail listings increased from 180 in the 1st Qtr 2011 to 193 for the 2nd Qtr 2011, a 7.22% addition. Compared to 2nd Qtr 2010’s 151 listings, this is a 27.81% increase.
► The total area of retail space available is 734,973 square feet, an increase of 4.37% over last quarter. Compared to 2nd Qtr 2010’s 585,275 SF, this is a 25.58% increase. Continue reading →
Commercial Real Estate in Alachua County – 2nd Quarter 2011 Office Leasing Report Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 7/18/11
Office space in this survey is quoted as a gross lease rate (landlord pays property taxes, insurance, and CAM, but not utilities or janitorial for the leased space). Executive suites (1-500 SF) have been eliminated from all macro computations, unless noted otherwise.
► The total number of office listings increased from 220 in the 1st Qtr 2011 to 266 for the 2nd Qtr 2011, a 20.91% addition. Compared to 2nd Qtr 2010’s 188 listings, this is a 41.49% increase.
► The total area of office space available is 855,026 square feet, an increase of 20.67% (additional 146,483 SF), over last quarter. This was a 37.46% increase over 2nd Qtr 2010’s total area. This includes executive suites. Continue reading →
10 Best Questions To Ask A Landlord When Leasing Commercial Space Posted by Coldwell Banker Commercial M.M. Parrish Realtors on 7/15/11
For new and established businesses, the following 10 questions, which are in no particular order of importance, should be asked of each landlord when leasing commercial space. But before you make that call, here are three tips. Do not come right out and ask, “How much is the rent?” That is the number one clue to brokers and landlords that you don’t have the money to lease it. Secondly, know how much space you need. For office users, a general rule of thumb is 175-250 SF per person, which includes hallways, bathrooms, conference room, etc. Thirdly, know where you want to be located. Most brokers and landlords can offer some guidance with this because they’ve dealt with so many types of businesses. Research drive times, proximity to customers and associates, traffic patterns, demographics, etc. Continue reading →
Walter Johnson. The new tenant is GV Air Systems.
at 3832 Newberry Rd., Gainesville and is 1,828 sq. ft. The owner, Plaza Royale Associates , LLC, is leasing the space to 
, Gainesville. It is 7,446 sq. ft. and is owned by Causseaux & Ellington. 
, in Gainesville. The building is 2,480 sq. ft. and owned by 1103-1105 13th Street, LLC. The new tenant is Wise Buddha Enterprises, LLC.
at 14180 W. Newberry Rd., Newberry and is 4,000+ sq. ft. The owner, Jonesville Realty Holdings, LLC, is leasing the land to 
, Gainesville. It is 3,684 sq. ft. and was owned by 
It is located at 13705 Progress Blvd., Suite 136, in Alachua. The office is also located in the 
These five simple steps will help any business with their business development strategy. 
Check Out Coldwell Banker Commercial’s Most Recent Closings:
By: Sam Chandan, PhD (economist)
