Tag Archives: #CommercialRealEstate

Commercial Real Estate Agents- Start Your Own Firm/Join A Large CRE Firm/Be Entrepreneurial And Part Of An Established Team ?

Commercial Real Estate Agents -Start Your Own Firm/Join Large CRE Firm/Be Entrepreneurial – Excerpts from Article by Michael Bull, CCIM as modified

January 8, 2014

Some commercial real estate brokers like the idea of owning their own company and some do hang their own shingle. They soon find the combination of the required time, costs and risks create less income and value than remaining a productive broker at an existing firm.  Why does this continually happen and is there an alternative for brokers to benefit from company synergy, equity in deals and an override commission structure without the detriments?

Economies of scale come into play, as well as capture of market share. It can be difficult to compete, as the expense of the tools and resources needed to be competitive can be difficult to budget . There are many other aspects that create issues for the broker turned business owner including the fact that productive sales people do not typically enjoy or make good managers.

The perfect situation for a broker would be the benefits of company synergy, equity in deals and an override commission structure, but without any of the detriments. It would be nice to have a prestigious title ownership,  plus an opportunity to participate in equity deals, team synergy and override commission structure each year.  Can a broker in a commission based industry achieve this without the requisite risks, costs and hassle of running a firm? Contact us confidentially to explore the possibilities and see if you qualify to be a part of the growth and opportunity of TMC-The Mahr Company going forward for 2014.

10 Tampa Bay places to watch in 2014

10 Tampa Bay places to watch in 2014 – By:Chris Wilkerson Deputy Editor-TBBJ

Sourced by Tampa Bay Business Journal

1. Hyde Park Village sold for $45 million in 2013 to WS Development in Boston. Expect to see the new owners begin to put their fingerprint on the retail and restaurant destination in 2014.

2. St. Petersburg’s iconic waterfront has been under the microscope of city planners and the Urban Land Institute is expected to present a final report in January 2014.

3. Florida State Fairgrounds’ governing board is considering developer pitches and could choose one this summer that would allow for some construction on the valuable land to help raise money to repair existing infrastructure.

4. Channelside Bay Plaza looked like it was on the road to recovery in 2013 when the Port of Tampa agreed to buy the property outright for $5.75 million and then see what could be done to reinvigorate it. A new lawsuit from Liberty Channelside LLC alleging that the port purposefully spiked Liberty’s offer on the plaza will likely delay any resolution at Channelside while the court considers the suit.

5. Nathan Benderson Park’s world-class rowing facility is complete and boosters already have booked national and international regattas in 2017 and 2018. The park’s management is working to fill the calendar between now and then to help show that the $40 million investment can pay economic impact dividends.

6. A well-rested piece of dirt on Westshore Boulevard just north of Gandy Boulevard that once was home of Georgetown Apartments has the potential to sell in 2014. It has been seen for years as one of the most valuable development parcels in the region. If it sells, how the parcel develops bears close watching for insights into current trends in commercial and residential real estate locally.

7. A proposed site for future Raymond James Financial Inc. expansion in Pasco County is worth watching in 2014. The company has an agreement to purchase 65 acres that could hold as many as six four-story office buildings, and the project has seemingly been slow to evolve.

8. Bill Edwards bought St. Petersburg’s defunct Baywalk downtown shopping center with dreams of bringing it back to life. It’s hard to argue that Baywalk is the center of his attention since he had to significantly scale down his Mortgage Investors Corp. in the face of new federal regulations and he just bought the Tampa Bay Rowdies. Edwards and his team have been methodical in its search for the right tenant mix with the hope of turning things around.

9. The Mall at University Town Center opens in October 2014 and will change Sarasota’s retail landscape. Several anchor department stores will leave other malls in the area for UTC.

10. The long-stalled Cypress Creek Town Center in Pasco County could be under construction as early as summer, 2014 – this time as an outlet mall, published reports show. Environmental litigation held up the project at State Road 56 and Interstate 75 for years. Simon Property Group could have the mall ready to open in summer 2015.

Amazon Unveils Flying Delivery Drones – This Will Be The Beginning of Changes to Distribution on Many Levels

http://cbsn.ws/1j9sVLw

TMC-The Mahr Company Shares: This is the beginning of a Major Shift which will have a tremendous impact in the future relative to Wholesale and Retail Distribution, Warehousing, and land and locations for same.