Operating Expenses Update March 21, 2023

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…

Nick Kasprzak in Pursuit of CCIM Designation

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…

Happy Thanksgiving!

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…

Flight to Quality

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…

A Global Guidebook: Doing Business Overseas

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 Tweener District of Raleigh

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…