The Three West Blog

Thanks for stopping by the Three West Blog. Hopefully we can offer you some expertise regarding Northern Michigan commercial real estate, brokerage, leasing, property management, and business issues in and around the Traverse City region. The main purpose for our blog is to educate and help those looking for a resource as it relates to your commercial real estate and business needs. If you have a specific question, shoot us an e-mail at info@threewest.net and we'll do our best to provide an answer. We'll also post many of the frequently asked questions and answers that we come across on a daily basis. We look forward to hearing from you. Check back often.

Outlook for SBA Loans in 2013

Posted by Kevin Endres on Jan 15 , 2013 - 02:25 pm

Yes, sometimes the federal government does get it right! While the news out of Washington D.C. is mixed at best with the gridlock on Capitol Hill, this is a great time to be reminded of the good programs that are out there to help small businesses, and in particular, the ones that are designed to create jobs. The U.S. Small Business Administration (SBA) has two loan programs that aid small businesses in doing just that.

Tags:   Financing 



Traverse City Commercial Market Update For February 2011

Posted by Kevin Endres on Feb 23 , 2011 - 12:00 am

A couple months into the new year and our local market continues to react like it has on the National Level in somewhat of a teeter totter mode with slight fluctuations back and forth. Some of the fluctuations are fairly small and one could argue that values and inventory numbers are flat at the moment.

Tags:   Commercial Real Estate 



January SBA 504 Rates & Update

Posted by Kevin Endres on Jan 20 , 2011 - 12:00 am

The effective SBA 504 Loan Rates for January 2011 are as follows: SBA 504 20-Year debenture = 5.74% SBA 504 10-Year debenture = 4.71% (Rates may very slightly based on loan approval date)

Tags:   Financing 



Traverse City Commercial Real Estate Market Update For January 2011

Posted by Kevin Endres on Jan 20 , 2011 - 12:00 am

2011 is here and perhaps a little light begins to show itself at the end of the tunnel. All market sectors appear to have had absorption in the last 6 months with a suprisingly large amount of office space coming off the market in the last month. An analysis of Class-A Office space shows that the vacancy rate for this upper-tier of office space is relatively low compared to the older Class B/C space.

Tags:   Commercial Real Estate 



Traverse City Commercial Market Update For December 2010

Posted by Kevin Endres on Dec 16 , 2010 - 12:00 am

We see the 2010 year come to an end with a continued drop in available Retail an Industrial Space and the Available Office space ending the year with an increase of 4.10%. The Average Lease Rate / SF for Office space took a small drop over last month but still ended the year highed than where rates were at this summer. It seems as if those rates may have to fall a little before we see any absorption in this product type. With the continued postive movement in the Retail and Industrial markets, we feel good things will continue to start the new year in 2011 with a bang.

Tags:   Commercial Real Estate 



Should You Consider A Sale/Leaseback?

Posted by Kevin Endres on Dec 16 , 2010 - 12:00 am

The state of California recently sold, and will lease back, a 7.3 Million square foot office portfolio for $2.3 billion. The transaction put cash in the empty state coffers and may be an indicator that the sale-leaseback is reemerging as a viable alternative strategy for corporate real estate.

Tags:   Commercial Real Estate 



Traverse City Commercial Real Estate Market Update for November 2010

Posted by Kevin Endres on Nov 18 , 2010 - 12:00 am

There seems to be a continuation of positive movement in the beginning in the Fourth Quarter with the Industrial and Retail sector with a reduction in Available Space and number of units available on the market. These should provide signs for good things to come in the overall economy in the Traverse City region heading into 2011. We did see an influx of Office units into the market in the last month as well as an increase in the Average Lease Rate/Square Foot.

Tags:   Commercial Real Estate 



Traverse City Commercial Real Estate Market Update For Ocotber 2010

Posted by Kevin Endres on Oct 20 , 2010 - 12:00 am

Things seem to be stable throughout all market sectors with a few increases in available space and rates. The positives this last month was an absorption of Retail space as well as an increase in Lease Rates. There was a report issued last week by CoStar that claims Office Space nationally is recovering and we hope to see that trend begin to work its way into our market in the fourth quarter.

Tags:   Commercial Real Estate 



Cycles of Change

Posted by Kevin Endres on Sep 24 , 2010 - 12:00 am

We are all noticing changes around us, the tempeture is cooler, there are less daylight hours, the leaves are changing and shortly we will have snow on the ground. There is a cyclical nature in the world and while we may complain about the snow or the heat we also know that we will endure and eventually it will change.

Tags:   Investing 



Best Practices in Distress Investing

Posted by Kevin Endres on Sep 24 , 2010 - 12:00 am

When it comes to commercial real estate investment, distress is all the buzz. It's the catchword that seems to always precede the word 'asset' and is currently the archetypical investment craze. There has been a downpour of money targeting distressed property, and according to CoStar Group data, almost one in every four commercial property sales done so far this year fits in some sort of distress category, whether it's an REO or foreclosure sale, delinquent or underwater loan, or a property with negative cash flow.

Tags:   Investing 



Viewing 1 - 10 of 30