Commercial Property Management

There Could Be Real Revenue in Your Rooftop

by David Miner on September 6, 2017 No comments

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.

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David MinerThere Could Be Real Revenue in Your Rooftop

Uncertainty for the Future of Like-kind Exchanges

by 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”.

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David MinerUncertainty for the Future of Like-kind Exchanges

Office space of tomorrow, may correctly be called tech space

by 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.

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David MinerOffice space of tomorrow, may correctly be called tech space

Technology Importance Gets Real for Commercial Real Estate

by 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. 

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David MinerTechnology Importance Gets Real for Commercial Real Estate

Make Preventive Maintenance Your Commercial Real Estate Resolution

by 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.

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adminMake Preventive Maintenance Your Commercial Real Estate Resolution

Budgeting Done Right, Saves Headaches Down the Road

by 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.

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adminBudgeting Done Right, Saves Headaches Down the Road

Meridian Realty Services Awarded Management of Two Shopping Centers

by 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.

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David MinerMeridian Realty Services Awarded Management of Two Shopping Centers

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.

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David MinerOffice Construction Activity Increasing… Finally!!