It’s that time of year again. RCR has been in the midst of reviewing Operating Expense estimates, reconciliations for clients to ensure Landlords are properly adhering to caps and exclusions negotiated in the lease document. What are Operating Expenses? Operating Expenses include any costs to maintain, repair, and operate a building. This includes the space your…
Former Truist Data Center now for sale or for lease in Durham, NC. This unique opportunity could be great for an existing data center user or repositioned for life science/lab use. Contact us today for more details! Click here to download the PDF version.
Nick Kasprzak, Vice President at Rich Commercial Realty (RCR), has started the pursuit of earning his Certified Commercial Investment Member (CCIM) designation. CCIM is the gold standard for commercial real estate professionals. CCIMs complete a rigorous program of advanced coursework and training in financial and market analysis and demonstrate extensive experience in the commercial real…
By Nicholas Kasprzak | December 8, 2022 Throughout the latter half of 2022, the entire country has been trying to gage which direction the economy is going. Are we in a recession or are we not? The standard rule of thumb says a recession occurs any time there are two consecutive quarters of negative…
By Michelle Rich Goode | November 23, 2022 I have a pillow that reads “Enjoy the little things.” I love that pillow as it is a reminder of how in each day brings blessings if we choose to look for them. As I reflect on Thanksgiving in 2021, I enjoyed time away from…
By Braxton Anthony | November 10, 2022 After returning from a global real estate conference and reading numerous publications on the performance of the office sector during the pandemic, I continue to see and hear a reoccurring tag line, “Flight to Quality.” What does Flight to Quality mean and why is this a topic…
By Bo Hargrove | October 26th, 2022 At the SIOR Conference in Dallas on October 20, 2022, there was a Mega Session on Industrial Development Moderated by SIOR Global President Patricia Loveall of Kidder Matthews, which featured an amazing group of panelist Tal Hicks (President, Hillwood Investment Properties), Jonathan Rudersdorf (President Central Region, Prologis),…
Street Jones and Braxton Anthony had the pleasure of representing RCR in Atlanta for the 2022 Exis Global Summit, the first in person Summit since the start of the pandemic. If you are not familiar with Exis, it is an international commercial real estate organization of independent brokerage firms that focus on buyer and tenant…
Globalization has created a literal world of opportunity for brokers. SIORs with experience in the international arena encourage others to explore it but to be aware of common pitfalls. Below are specific recommendations. Anticipate Procedural Differences James Mulhall, SIOR, managing director of Murphy Mulhall in Dublin, works with many brokers from the U.S. and other…
The pandemic was not necessarily friendly to Downtown Raleigh. Downtown Raleigh’s storefront businesses and office spaces struggled throughout the pandemic. However, as we’ve returned to normalcy, we’ve seen areas of downtown Raleigh recover and thrive compared to competing cities. Downtown Raleigh has caught the eye of local & institutional investors and has a future development…