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” …

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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 …

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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. …

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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 …

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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 …

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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 …

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Smart Thinking

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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, …

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Why a Property Manager?

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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 …

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Designations in Commercial Real Estate

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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 …

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Giving Back

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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 …

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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 …

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Steps to a Successful Commercial Real Estate Transaction

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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 …

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Change Is The Only Constant

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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 …

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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 …

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Landlord/Tenant Negotiations

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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 …

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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 …

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Driving Your Net Operating Income

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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 …

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Architecture & 3D Technology

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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 …

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Funding Your Business Acquisition

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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 …

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