MFE Magazine’s Post

Oftentimes when my career as a CRE broker comes up in conversation, I’m met with sympathetic looks and comments about the "struggles" of today's market. To most people's surprise, I'm always quick to respond with enthusiasm about the activity we're witnessing firsthand. Despite the noise and naysayers, our team has sustained a wave of momentum this year, and we couldn't be more bullish about the future. The Atlanta office market saw a remarkable 2.4 million square feet of leasing activity in Q1; a 5-year high - underscoring robust tenant demand. Major corporations like UPS and NCR are implementing 5-day in-office models for most employees, and we're seeing a resurgence in large-scale transactions. Significant deals, including Manhattan Associates' 210,000 square foot renewal at Wildwood and Workday's 113,000 square foot expansion at 3350 Peachtree, demonstrate companies' confidence in their office future.   Tenants continue to capitalize on increased concessions amid an oversupplied market. While Q1 2024 numbers show overall availability climbing to 29.6% due to new construction deliveries, this influx of premium Class A product represents the future of a workplace that people want to leave their living room for. I also genuinely believe the market will correct itself as outdated office supply that can't compete with its newer counterparts is removed from the supply altogether, whether through conversions or demolitions.   Our team feels privileged to work with amazing clients and brokers across our multifaceted platform. Greenleaf, PPF Real Estate, OA Development, The RMR Group, Somerset Properties, Brightman-Gil Real Estate Investment Management and many others continue to keep us busy! As our team expands, we're excited to continue working hard to best serve our clients across all verticals and situations. RJ Zurak | Brad Kirschner | Stewart Thrash | Craig Kalinowski | Sean Moynihan | Newmark

🚀 Elevate Your Property Management Game: A Landlord's Playbook 🚀 👋 Attention, Landlords! Are you juggling property management on your own or considering teaming up with family? Pause and rethink! Dive into the crucial elements that can transform your property management journey from good to great. 🌟 🔍 Expertise and Experience: Are you leveraging the power of expertise in your property management? Remember, the right knowledge can turn challenges into opportunities, from market analysis to legal compliance. Professional property managers are like goldmines of wisdom – have you tapped into this resource yet? 🤝 Tenant Screening and Relations: Your tenants are the heartbeat of your property. How you find them and bond with them can make all the difference. Are you equipped with the right tools and skills for this? Sometimes, a pro's touch can turn tenant relations into tenant loyalty! 💼 Professional Boundaries in Family Ventures: Mixing family and business? Tread carefully! Setting professional boundaries is not just a good idea; it's your safety net. Ensure your family dinner conversations don't turn into boardroom debates! 💰 Financial Risks and Rewards: Property management is not just about collecting rent; it's about financial acumen. Are your investments reaping the rewards they should? Let's talk numbers and strategies that work! ⚖️ Rent Collection and Eviction: A Delicate Balance: Chasing rent and managing evictions can be a tightrope walk. How do you maintain firmness and fairness? Share your experiences or learn from those who've mastered this art. 🔄 Responsibility and Accountability: Who's in charge? In the world of property management, clear roles can be the difference between success and chaos. Are your responsibilities well-defined, or is it a game of hot potato? 🏁 Crafting an Exit Strategy: All good things must come to an end, including your role as a property manager. Have you thought about your exit strategy? Let's discuss how to bow out gracefully, keeping your investments and relationships intact. Join the conversation and share your insights, experiences, and questions! Let's build a community of savvy landlords who play as hard as they work. 🏘 #PropertyManagement #RealEstateWisdom #LandlordLife #RealEstateInvestment #FamilyBusiness #Networking #CommunityBuilding #mslhomesltd

🏢 Considering Hiring a Property Manager? Here's Why It's Essential for Multi-Generational Building Owners 🏢 As a multi-generational building owner, managing your property can be a daunting task, especially when considering the diverse needs and expectations of family members and tenants, as well as the intricacies of running a business. That's where a professional property manager like Turn of River Real Estate (TOR) steps in, offering invaluable expertise and support tailored to your unique situation. We specialize in navigating the unique challenges of New York City real estate, especially when it comes to diverse family dynamics and conflicting interests. TOR's key principles include clarifying roles, tailored communication, meeting owner objectives, and prioritizing tenant satisfaction. By adhering to these strategies, TOR effectively handles the complexities of multigenerational-owned properties, promoting harmony among stakeholders. If you find the demands of self-managing real estate outweighing the benefits of ownership, it may be time to bring in outside management. TOR can help streamline operations and resolve conflicts, so you can unlock the full potential of your real estate investments. Reach out today to explore how our property management services can unlock the full potential of your investment! #RealEstate #PropertyManagement #MultigenerationalOwned #NewYorkCity #TurnOfRiverRealEstate

The future of multifamily is centered around *your data*, not around your property management software. No doubt, the PMS is a critical piece of that data set ... but it's becoming a smaller portion of the data as new solutions evolve and as multifamily operators' internal systems and teams become more sophisticated. You want to level up the customer experience or your business insights? Same. And that opportunity is here for us today. Indeed, there are multifamily companies already executing on it. It just looks a bit different than what we've been used to. (It's as much Snowflake or AWS or Google Cloud as it is Yardi or RealPage or Entrata.) I'm with Grady on this – settling for "good enough" isn't good enough. The way this industry handled data in the past left massive amounts of value on the table through duplicative services, unrealized revenue streams, and lack of transparency that held us back from smarter, more data-informed business decisions. There's a better way, and the great news is we don't need to wait for the property management software systems to get us to that promised land. Of course, we should push them to improve – help them be the best partner to help you upgrade your operations. But we can't wait for them to be the answer to our desire to deliver insights or experiences from data they don't have or isn't part of their core business. The sooner you take control of your data – *all of your data* – the sooner you'll be able to make real progress toward the broader business insights and next-level customer experiences that you're here to build. #multifamily #propertymanagement #proptech

Q: How can commercial real estate landlords maximize an asset’s appeal? A: Through leases that meet tenant needs now AND in the future. ➡️ Learn more from Peter Joyce, Vice President of #StreamSouthernCalifornia's Transaction Specialist Group, who shares how flexibility, convenience, and incentives are driving today’s deals: https://bit.ly/3QzzaQb #LandlordRepresentation #OfficeLeasing #SpecSuites #CommercialRealEstate #CRE #StreamCRE | Martin Pupil | Susan Bloomfield | Jennifer McVay

Over the last few months, A-Listers from across our business shared how each of our new operating principles guides their and our actions here at Apartment List. I am honored and grateful to serve in this role for many reasons, but most importantly, because I get to “Obsess Over Talent”. It is a key operating principle for our leaders because it enables us to deliver outcomes and make an impact on our renters and partners. What does Obsessing Over Talent mean to me? Have unapologetically high standards: Yes this is one of our Operating Principles in and of itself, but as our founder John Kobs used to say, “A Players attract A Players”, and so it is important that we continue to set the bar high of ourselves and of those we surround ourselves with. Talk about talent constantly: For as long as I remember, we have spent multiple hours discussing every single A-Lister’s talent profile on a bi-annual cadence at a minimum. As of recent, we have introduced competency rubrics for performance calibration, high potential programs, and other efforts to focus on talent density. Talent is always top of mind. Foster an inclusive environment: We want every A-Lister to show up in their unique and authentic way, because we believe that is how we can truly win. As such Apartment List strives to create a positive and respectful culture — and finds ways to continuously improve and evolve it based on feedback. I see this Operating Principle, along with all of the others that Farha Sheikh, Julia Napolitano, Debbie Sorkin, Samantha Katsounas, Ryan Hawkins, Robert Bernal, Jasmine F., Brooke Mabardy, Henning Post and Colette Galli highlighted, everywhere and every day in our work and in our culture. As we move forward, I'm excited to see how our dedication to these principles will continue to shape our success. I am wildly confident that we will keep pushing boundaries through learning, setting high standards, embracing the beautiful mess, and celebrating the unique talents that each A-Lister brings to the table. 💜 https://lnkd.in/gkWQ2U8P

What are the biggest trends in today’s commercial real estate industry? Which trends are here to stay, and which ones won't last? 🤔 Check out this article to find out. #commercialrealestate #titleinsurance #GArealestate #escrowservices

How will the commercial real estate industry change next year and how will occupancy, interest rates, elections and investor focus impact you and your business? Interesting read and points to consider as we head into 2024, thanks Amanda Calloway!

What are the biggest trends in today’s commercial real estate industry? Which trends are here to stay, and which ones won't last? 🤔 Check out this article to find out. #commercialrealestate #titleinsurance #GArealestate #escrowservices