Evaluating Creditworthiness With Nonrated Tenants

Evaluating Creditworthiness How to evaluate whether a tenant is creditworthy. Nationwide, shopping center owners deal with one supermarket or big box store – a rated tenant – and dozens of smaller businesses that are nonrated tenants. Although nonrated tenants such as restaurants, nail salons, boutiques, and office tenants may be creditworthy, no existing methods consistently […]

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Office lease near PNC Park taken by FNB Bank

David Auel, CCIM of Avison Young, along with Michael Downey of Avison Young recently completed a 10,000 square foot lease at 20 East General Robinson Street near PNC Park.  This is the second lease that this team has completed for the Stadium & Exhibition Authority in the last six months.  Located in the North Shore […]

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Why you should look for the CCIM designation before your next deal.

The CCIM (Certified Commercial Investment Member) is one of the oldest and most prestigious designations in our industry.  The lessons learned, continuing education and network are integral to performing at a high level in the world of commercial real estate.  The analytic tools that are available to those that hold the CCIM designation are unparalleled.  When […]

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Investment Sale Office Pittsburgh

              David Auel. CCIM represented the purchaser of the 32,100 SF multi-tenanted office building located at 101 Bellevue Road in McCandless Twp.  The buyer is a local investor that also had a need to locate a business unit in this sub-market.  A summary of the transaction is linked below. […]

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Pittsburgh Office Space: Vacancy Up Slightly, Rates Up As Well

Pittsburgh Office Space Report 1st Quarter 2014 The Pittsburgh office market saw an uptick in overall vacancy; rising from 8% at the end of 2013 to 8.3% at the end of the first quarter of 2014.  The weakness was seen primarily in the Class “A” space which had been a strong performer over the past […]

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Zoll subleases former Cheswick call center

Add Zoll to the growing list of expanding tech firms in the Pittsburgh area. The company, based in O’Hara Township, is subleasing J.C. Penney’s former customer service call center in nearby Cheswick, according to a release by the Pittsburgh office of Avison Young. The deal adds 28,172 square feet to Zoll’s established 123,000-square-foot presence in […]

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Lease Renewal; Are You A Captive Tenant?

Lease Renewal…Are You A Captive Tenant? Never assume your lease will be renewed on equitable terms and conditions. Landlords are in business just like you and their goal is always to maximize profits.  Like any business it is much more profitable to retain a customer than it is to secure a new one.  With the […]

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Appraisal’s For Commercial Property

Obtaining an appraisal for a commercial property under the post 2008 changes to banking is one of the longer lead time items that a potential buyer or seller needs to consider.  Below are the steps to consider, all adding up to a 3-6 week process currently in the Pittsburgh area. 1. The Inspection Is Only […]

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Why you should buy commercial real estate in 2014

          Why should you buy commercial real estate in 2014?  The impact of the financial crash of 2008 seems like a distant bad memory.  The broader economy is recovering to a more normal pattern of growth.  Unemployment is steadily ticking down.  The stock market is up significantly this year, the Fed […]

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What is a CCIM?

      What is a CCIM? I was a little taken aback the other day when a 34 year veteran of the commercial real estate business asked me; “What is a CCIM”?  Now he knew that the designation indicated a commercial real estate professional who has extensive training in investment property analysis, but did […]

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