News:
Spotlight Content
Posted: December 31, 2019
2019 Year in Review: Camille Renshaw, B + E
Name: Camille Renshaw
Company: B + E
What was your greatest professional accomplishment in 2019?
It’s hard to pick just one, but a few of come to mind. Moving the B+E “1031 Trade” platform out of Beta stage and making it available to the general public; the opening of our Denver office to support growth –bringing our office count to six in our two years of existence–and the launch of the B+E Seller Dashboards. The Seller Dashboards is the first CRE technology to provide efficient online management of the disposition process for single-tenant net lease sellers, offering real-time marketing statistics and analytics, including tenant news, stock and credit info; as well as organizational tools to keep sales on track and on time.
What was your most notable project, deal, or transaction in 2019?
We were really excited when in May, B+E brokered the largest commercial real estate transaction by a digital platform with the $324 million Cabela’s sale-leaseback. The eleven Cabela’s properties represented more than 1.6 million s/f and an additional 277 acres.
What are your predictions for commercial real estate in 2020?
In 2020, we will continue to see greater demand than supply in the Net Lease sector, keeping cap rates low. That said, deal activity will remain at an all time high, due to strong overall economic fundamentals and historically low mortgage interest rates. Roughly $70 billion will have traded in 2019, and we predict roughly $72 billion in net lease sales volume in 2020. Net lease dealmaking will be more competitive than ever, so principals will want Net Lease technology to help them trade in ways similar to stock trading platforms. Principals will expect greater efficiencies and trading confidence through better and more data, as well as more helpful trading platforms.
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
.gif)
.jpg)
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
.gif)