Beginner’s Guide to Buying Commercial Property

A common theme amongst some of the wealthiest people in the world is their involvement in commercial real estate. This is because investments in commercial real estate generate some of the highest return rates. To attain these kinds of rates, it is important you first know the due diligence process for the industry. We have …

Read more

The Office Comeback

  As state mask mandates gradually begin to lift and vaccinations become more widely available, many return-to-office plans are set in motion despite virus uncertainty. One of the most important variables in determining a return to the office is vaccination status. Returning to the office with unvaccinated employees renders business’ work-from-home efforts pointless, yet requiring …

Read more

What is Industry 4.0?

We are in the midst of a significant technological transformation. This transformation is so compelling it is being called Industry 4.0, or the fourth industrial revolution. From the first industrial revolution involving mechanization through water and steam power, to mass production through electricity in the second, the fourth industrial revolution takes what began in the …

Read more

The Rise of “Urb-Suburbs”

We tend to think of urban and suburban areas as completely different from one another. One is filled with skyscrapers and crowds, and the other is filled with picket fences and barbeques. However, 2020 has seen the boundaries between these two areas blur. This grey area has created new neighborhoods called “urban suburbs”, or “urb-suburbs” …

Read more

Why Manufacturing Space is Booming During COVID-19

By Don Catalano The manufacturing space is experiencing a surge in demand as COVID-19 impacts retail supply chains. The spread of COVID-19 meant that most purchases shifted towards essential goods. More people desired contactless purchases in a less crowded environment, and this has led to an increase in online shopping. Office spaces are being redesigned and …

Read more

Retail Resurrection: The Adaptive Reuse of Malls

Throughout the past decade or so, e-commerce and changes in consumer-spending habits have created a retail apocalypse wherein a significant number of brick-and-mortar stores have closed their doors. The rate of said shut downs has only accelerated due to the coronavirus pandemic. With the closing of thousands of retail stores, including Sears, Macy’s, and J.C. …

Read more

Meds & Eds: Old Buildings, New Ideas

Meds and Eds is a relatively new commercial real estate term used to describe the relocation of medical and educational facilities to non-traditional buildings. The healthcare industry is rapidly shifting. From Skype patient calls being the new norm, to healthcare facilities relocating to more populated areas, and hundreds of regional grocery stores closing their pharmacy …

Read more

Why the Open-Air, Grocery Anchored Shopping Center May Thrive

The coronavirus has turned the world of CRE upside down. Nearly every sector has been disrupted (or stimulated, in the case of industrial) by the pandemic’s far-reaching effects. New trends are being put into place, consumer demands took a 90-degree turn, and new approaches to business are coming into the light. Everyone’s wondering what exactly …

Read more

How COVID-19 will Impact Restaurant Real Estate

Nearly the entire world has been put on pause as a result of the COVID-19 pandemic. Industries and businesses all around the globe are giving their all to stay afloat during this difficult and constantly-shifting situation. With stay-home orders and quarantine the new norm, everyone from big corporations to small local businesses are feeling the …

Read more

Rethinking Flexible Space

Rethinking Flexible Space in 2020 and Beyond Commercial real estate is constantly being shaped by the latest trends. It seems like standards are always changing and tenant demands are frequently shifting. This can make it difficult for CRE professionals to plan their long-term strategies. While CRE is an industry that requires everyone to stay on …

Read more

Smart Workplaces in Urban Spaces

Smart Workplaces in Urban Spaces According to Nielsen surveys, 62% of millennials prefer to live in urban areas*, where they have access to amenities such as grocery stores, restaurants, entertainment and cultural venues. As urban environments become more attractive, the concept of easily walking to work has become more appealing as well. With urban development …

Read more

Marijuana is a Growing Industry in Michigan

smoke shop sign

Michigan has become the first state, not on the east or west coast, to have legalized adult marijuana use. This is a huge milestone for the Midwest. We address frequently asked questions revolving around this popular topic. What exactly is this new law and how did it come to be? In 2008, a voter initiative …

Read more

Smart Thinking

technology

The real estate market is ever-evolving and it can be challenging to stay on the cutting edge, especially when it comes to technology. Yet technology is all around us and it affects the way we do business – our culture, efficiencies and client interactions. Overall the real estate industry has been slow to embrace change, …

Read more

Why a Property Manager?

checklist

Whether you own a single asset or a portfolio, having an experienced property management team on your side is crucial for your asset’s financial success. Communication is key. One of the greatest benefits of having a Property Manager is that they are the main point of contact for your tenants. Tenants should feel comfortable approaching …

Read more

Designations in Commercial Real Estate

meeting

When it comes to trusting someone with one of your largest assets, commercial real estate, it is imperative to choose the best professionals and firm. Professional designations are much more than acronyms at the end of a name. These prestigious credentials showcase expertise and experience within the industry. Brokerage CCIM stands for Certified Commercial Investment …

Read more

Giving Back

volunteer

Cressy Commercial Real Estate services not only include assisting our clients with their commercial real estate needs and goals, but it also means making community-minded decisions. Since 1948, we have operated with a higher purpose because of our civil and social responsibilities. Cressy Commercial Real Estate has aided in the growth of the Michiana region …

Read more

Millennial Observations of Commercial Real Estate

Millennial Observations of CRE

Background: As a millennial working towards a career in Real Estate in Indiana and Michigan, I often wonder what real estate will look like in 5, 10, and 15 years. It seems that this oldest and most foundational industry is bracing for a greater wave of disruption and innovation than it has ever felt before. …

Read more

What Does NAI and Cressy Mean?

What does a brokerage affiliation mean? Our firm, Cressy Commercial Real Estate recently announced our new global affiliation with NAI Global, creating our new brokerage division, NAI Cressy. What does that mean, and why does it matter? Our new commercial real estate partner, NAI Global is the single largest, most powerful global network of owner-operated …

Read more

4 CRE Trends We Can Attribute to Millennials

Today’s workforce is undergoing a major shift in population. As of 2017, 56 million Millennials are either working or actively searching for work, making them the largest segment of the U.S. labor force, surpassing Gen Xers in 2016. More than one out of every three American workers is a Millennial — more than Gen Xers …

Read more

Steps to a Successful Commercial Real Estate Transaction

transaction

Successful commercial real estate closings do not just happen, it takes an experienced team to pave the way for a smooth transaction.  Which is why at Cressy Commercial Real Estate we have implemented a process that walks our clients through each step of the transaction, from contract signature to the moment when the final documents …

Read more

Looking for A Change? We’ve got you covered!

Broker Client Interaction

The real estate industry has historically been an occupation of choice for those seeking a flexible schedule and the chance to utilize relationships to build a career. The industry is romantic and allows people with a penchant for service to support entrepreneurs who are looking to build their dreams or to work with families to …

Read more

Why Property Management = Financial Success

Whether you own one property or a portfolio, having an experienced property management team on your side is critical for your asset’s financial success. Here are several key components you should look for in your property management team: Communication is key. One of the greatest benefits of having someone manage your commercial asset is having …

Read more

Change Is The Only Constant

Century Center sunset

Long ​ ago, (as some of us might remember) downtowns were the heart of a city, with a strong beating sound of people, shopping, banking, living, entertainment and activity. The economic model changed over the years, downtowns weren’t the go to place anymore, instead sprawling suburban developments featuring one-stop shopping and convenience took over. I am reminded …

Read more

New Generation of Marketing

Integrity Billboard

While working through ideas for this article, one thread seemed to be consistent in my mind, “Time changes everything… or does it?”  Millennials won’t remember the unique advertising campaign launched by Burma-Vita Company for their Burma-Shave shaving cream. This family-run business based in Minneapolis, was a pioneer in U.S. outdoor marketing. The roadside campaign for …

Read more

Michigan’s New “Green” Industry

cannabis grow room

For the past decade or more, green industrial buildings have been a goal of developers and owners who want to reap the rewards of green technology. Lower operating costs, higher efficiency and less pollution are just a few of the benefits these industrial buildings offer. Michigan joined into the ranks of medical marijuana states in …

Read more

Purpose Before Profit

rolled up money

Beginning with The End in Mind Back in 1978, a twenty-five year old college dropout by the name of John Mackey and a twenty-one year old Rene Lawson Hardy scraped enough capital together to open a small natural foods store in Austin, Texas. During their first year, they were evicted from their apartment and forced …

Read more

Landlord/Tenant Negotiations

signature

Real Estate Advisory Services: Landlord/Tenant Negotiations Successful businesses have processes in place that review their progress from the previous year, forecast needs and strategies for the years ahead. These meetings cover areas such as the current workforce, products, service offerings and expenses. The real estate strategy should be covered in these meetings, if not on a semi-annual or …

Read more

Interested in Buying Real Estate Owned Property?

REO building

WHAT IS A REO? The acronym REO stands for “Real Estate Owned” property.  “REO” describes a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. Simply put a Lender/Bank extends financing on a house or commercial property.  When the Owner defaults or no …

Read more

Driving Your Net Operating Income

computer calendar

As a Property and/or Asset Manager (Manager), we are constantly striving to ensure the highest NOI for every asset within our portfolio by maximizing revenue and minimizing expenses. NOI (Net Operating Income) is a term used to determine the financial health of an asset before removing debt service, interest, commission or capital work. There are …

Read more

Architecture & 3D Technology

Generations Dr lobby

3D Technology Brings Realism to Your Vision Gone are the days where clients make design decisions solely based on the architect’s tried and true methods of communicating ideas. Floor plans, sections and elevations have been used by architects to convey design intent for centuries. When creating drawings by hand, this was an obvious choice. Buildings were …

Read more

Funding Your Business Acquisition

open sign

Don’t Let the Fear of a Commercial Loan Keep You From Pursuing Your Entrepreneurial Dreams Unless a business buyer is strapped with excess cash or has the financial backing of a strong and willing investor, funding a business acquisition can be a risky and stressful venture. Typically, small business acquisitions and start-ups are funded through …

Read more

Transportation, Distribution & Logistics

Blurry night time traffic

The Transportation, Distribution and Logistics (TDL) market sector and Manufacturing market sector stretching from the far west side of South Bend to the east side of Michigan City, even over to the far NW Indiana area has seen a significant growth in real estate inquiries and leasing activity or building activity over the last year and …

Read more