Yesterday we found this great article in the Daily Herald, “10 tips for small business start-ups.” We’d like to share with you their 10 tips, as we found them very beneficial, but we’d also like to add one. Being a small business ourselves, and working with small businesses on a daily basis, we come across a variety of issues companies run into.
In order to complete our “Top 10 Traits” blog posts, here are traits 7-10 of a good commercial real estate broker.
7. Be proactive. Representing commercial real estate is more than putting up a sign and waiting for the phone to ring. In our eyes, successfully listing a property includes cold-calling suitable prospects, canvassing the local market, tapping into in-house sales leads and extensive databases, and using a cutting edge marketing plan that includes a combination of internet marketing and networking.
In our last blog we outlined the first three traits we felt a good broker should have. As promised, this blog will continue on with traits 4-6.
4. Does not own commercial real estate. Sure, as a broker we come across some pretty great opportunities to purchase or invest in local real estate ventures.
The Top 10 Traits of a Good BrokerSo it may seem odd that a brokerage company put together a list of traits for a good broker…and trust us we are not trying to toot our own horn. But the reality is, we are in this business every day, all day, so we see comparable professionals all the time.
"How is your office "Green?
Over the past decade, there has been a huge push towards corporations becoming "Green" or operating out of LEED Certified buildings. We believe this concept not only will help the environment and our sustainability efforts, but will also saver our clients money in the long run.
Recently we stumbled upon an article on SeniorHousingNews.com outlining the consistency of senior living facilities and continuing care retirement communities (CCRC’s) regardless of the current economy. While many industries have slowed, or even failed, during the latest recession, CCRC’s have remained strong and vital to the public.
A Proposed Mixed Use Development in Naperville, Illinois
As promised, this blog will cover the possible issues of Mixed Use Developments. To refresh your memory, a Mixed Use Development, in our perspective, is a real estate development that includes two or more sectors of real estate.
First Street, St. Charles
Since the 1920’s, “Mixed Use” developments have been a key to downtown growth. The thought behind the original idea is that by putting together two or more sectors of real estate (retail, office, and multi-family for example) traffic to this one destination will increase.
SAINT CHARLES, IL (March 2012) -O'Donnell Commercial Real Estate, Inc. represented Derick Dermatology in the lease of space at 525 Congress Parkway in Crystal Lake, Illinois. Kevin O’Donnell and Susie Farmer of O’Donnell Commercial helped the growing practice secure nearly 7,000 square feet as a second location to their Barrington headquarters.
When interviewing commercial real estate representation, it is important that the chosen broker be easy to work with and contact, is knowledgeable about the industry and chosen market, and be able to best market the property. However, a broker’s reputation in the marketplace should NOT be overlooked.