In Greek mythology, the great inventor Daedalus and his son Icarus attempted to escape the island of Crete using wings made out of wax and feathers. While testing the wings, Daedalus warned his son of complacency and also of hubris, suggesting that he fly neither too low nor too high.read more
Commercial Property Management
Uncertainty for the Future of Like-kind Exchangesby David Miner on July 24, 2017 No comments
At nearly 100 years old, like-kind exchanges have become a subject of much debate recently as tax reform has taken center-stage under the Trump administration. Tax reform is on the agenda for Congress in 2017 and it must consider whether to repeal, preserve, or expand the provisions of the section of the United States Tax Code known as “1031”.read more
Office space of tomorrow, may correctly be called tech spaceby David Miner on June 29, 2017 No comments
I used to really enjoy the television show, The Jetsons. Perhaps I’m dating myself with that statement, but the Jetsons – George, Jane, Judy and Elroy, were an average family living in a really cool, high tech society. The intro to the animated series demonstrated just how progressive the future was expected to be, depicting the characters wearing clothing that’s more in line with something out of the Hunger Games than anything we might know today.read more
Technology Importance Gets Real for Commercial Real Estateby David Miner on February 14, 2017 No comments
There’s a great scene from the movie Money Ball in which Billy Beane, played by Brad Pitt, and his head scout argue over how Billy’s data-driven approach to talent scouting and acquisition disregards the experience and intuition of his lifelong “baseball men.” What’s really intriguing about the scene is when Billy looks the scout in the eye, throws his hands in the air and in a matter-of-fact manner tells the naysayer to “adapt or die”. The statement is part foreshadowing and part revelation as the scout is let go in the next scene and the 2002 Athletics eventually go on to break the American League record for most consecutive games won.read more
Make Preventive Maintenance Your Commercial Real Estate Resolutionby admin on December 28, 2016 No comments
It is always interesting to hear how people are going to start each new year. Plans and commitments (or re-commitments) are often espoused in the form of resolutions. While most often associated with personal goals like losing weight, quitting smoking or realizing bucket list items, many business and commercial resolutions are also made.read more
Budgeting Done Right, Saves Headaches Down the Roadby admin on October 18, 2016 No comments
Let’s face it, budgeting is a necessary evil. To do it right means capturing lots of different data points and mashing those together to paint a picture of the income and the expenditure activities within a particular property for the coming year. It’s neither a quick nor easy task and its magnitude varies by the size of the property, complexity of the facility, age of the building and the needs of the landlord. Without a doubt, it is an important task that will produce a financial roadmap for that property for the year ahead.read more
Meridian Realty Services Awarded Management of Two Shopping Centersby David Miner on July 27, 2015 No comments
We are pleased to announce we were awarded the management assignment for the University Plaza Shopping Center in Winston-Salem, and the 274 Eastchester Shopping Center in High Point.
University Plaza contains 215,854 leasable square feet. Its tenant roster includes Burlington Coat Factory, Food Lion and Office Depot. The Meridian Realty Group was also awarded the leasing assignment for the center.
The 274 Eastchester Shopping Center contains 63,306 leasable square feet. It is anchored by Office Depot. Other major tenants at the center include Dunkin Donuts, Dollar Tree, Plato’s Closet and Hooters. The center is 85% leased.read more
Office Construction Activity Increasing… Finally!!by David Miner on June 2, 2015 No comments
It has been a slow and steady process, but new office construction is finally approaching its long-term average in the U.S.
In fact, newly constructed office space exceeded demand in the first quarter of 2015.
Approximately 15 million square feet of new office space came on-line in the U.S. during the first three months of 2015. This surpassed net absorption by 3 million square feet for the same period.
There was approximately 108 million square feet under construction at the end of the first quarter 2015. This equates to an increase of 17% compared to the same period a year ago. This is quite an improvement from the historical low of 50 million square feet in 2010.
Increasing office rents are making new construction a viable alternative to purchasing an existing building. If this trend continues, the amount of office space under construction will continue to move closer to the quarterly historical average of 122 million square feet under construction.read more
Reducing Utility Costsby Johnny Wehmann on April 30, 2015 No comments
Looking to Reduce Utility Costs at Your Property? At Meridian Realty, we recognize that 80% of companies are over-paying for utilities and telecommunications each month.read more
Don’t Get Bustedby Johnny Wehmann on February 20, 2015 No comments
Frozen is a good thing when you’re eating ice cream. Or ice fishing. It’s lousy when you’re referencing the pipes at your property.read more