The Source of Commercial Real Estate

Explore the industrial real estate market in Columbus, Ohio with insights on investments by Intel and Honda. Learn about leasing and selling strategies, opportunities for smaller investors, and advice for tenants. Discover the favorable business environment, challenges for sellers, and the potential profitability in the industrial real estate market.

Join the conversation with CRE legend Bob Knakal as he shares insights on building relationships, the power of market presence, cold calling success, and advice for young CRE professionals. Learn about his journey from small transactions to handling colossal portfolios, emphasizing trust and quality service in commercial real estate.

Enjoy this conversation with Mike Holdwick, a self-described "normal guy". Mike maintains a W-2 job and a diverse CRE portfolio including two office buildings, a MOB, light industrial, mixed use, and an short term rental totaling over 25 tenants. In this conversation, we discuss Mike's tips for managing his portfolio while maintaining a W-2, Mike's strategy for growth, and his best tips for finding deals. Make sure you listen to the end to hear about Mike's CRAZY best AND worst deal. Connect with Mike:https://linktr.ee/mike.holdwickhttps://www.linkedin.com/in/michael-holdwick-4278999/https://proteamcommercial.com/TakeawaysTransitioning from residential to non-residential real estate can offer scalability and time efficiency.Managing multi-tenant office buildings requires effective systems and virtual assistants.Industrial and medical office properties can provide high yields and long-term stability.Building relationships with tenants and understanding their needs is crucial for success.Utilizing technology tools, networking with commercial brokers, and taking action are key to finding deals in commercial real estate. The COVID-19 pandemic has significantly impacted the commercial real estate industry, with changes in demand and occupancy rates.Adapting to the new normal requires flexibility and creativity, with a focus on health and safety measures.Technology and innovation are playing a crucial role in transforming the commercial real estate sector, with advancements in virtual tours, remote work solutions, and data analytics.Collaboration and communication between industry professionals are essential for navigating the challenges and opportunities in commercial real estate.Chapters00:00Introduction01:12Background and Start in Real Estate03:03Transition to Non-Residential Real Estate07:22First Non-Residential Deal: Medical Office Building12:08Lessons from the Medical Office Building Deal15:19Portfolio Overview19:00Managing Properties with a W-2 Job21:40Managing Multi-Tenant Office Buildings24:23Office Market and Tenant Stability25:54Vision and Future Deals30:05Finding Deals35:38Best and Worst Deal43:14Top Tip for Finding Deals46:53Recommended Resources47:59ConclusionClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

Enjoy this discussion about capitalizing institutional-grade commercial real estate. In this episode, we discuss Way Capital's sources of capital, capital provider sentiment, Malcolm's bankruptcy in the GFC and lessons learned, and how operators can be a better capital raiser. Connect with Malcolm and Way Capital (also, listen to the full episode if to hear his email address): https://www.waycapital.com/Malcolm has over 25 years of experience as an award-winning capital advisor and developer, having been involved with over $15 billion worth of total capitalizations, both in the equity and debt markets. He has utilized his expertise to lead developers and investors to structure and capitalize billions of dollars-worth of commercial real estate ventures. He has extensive experience in structuring transactions across the capital stack, including non-recourse senior and stretch-senior debt, mezzanine and preferred equity financings, and Co-GP and LP equity financing solutions for development, value add and stabilized projects.Malcolm co-founded WAY Capital in 2022. The firm is responsible for over $1.8 billion in financings across the U.S., equaling more than $3.0 billion in capitalizations in under two years of operation.Malcolm is a graduate of the University of Arizona’s Regional Development program. He is happily married with three children.TakeawaysBuilding trust and connections with investors is crucial in raising capital.Effective communication and transparency with investors are key to maintaining relationships.Humility and a willingness to learn from experienced professionals are important qualities for success in the industry.Understanding market conditions and risks, and having a strategy to mitigate them, is essential in the current market.Chapters00:00Introduction and Background01:31Malcolm's Background and Work in Real Estate07:38Overview of Way Capital and Deal Types10:48Impressive Deals and Unique Approach15:57Sources of Capital and Sentiment in the Market26:03Advice for Raising Capital32:29Lessons from the GFC and Current Market Conditions36:45How to Connect with Malcolm and Way CapitalClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

Enjoy this conversation with Jason Adams, of Signal Ventures. Jason is a developer, investor, and data analyst who admonishes Excel in favor of much more informative dashboards that drive his decision making. In this episode, we discuss AI, his start flipping homes, building new spec homes, coming out of the GFC, and now buying and developing larger commercial real estate using data for big wins. Connect with Jason:https://www.linkedin.com/in/jason-adams-signalv/https://signalv.com/TakeawaysData analysis is crucial in making informed decisions in real estate.Automating data processes can save time, reduce errors, and improve decision-making.Visualizing data on dashboards can provide valuable insights and facilitate analysis.Incorporating qualitative information is essential in real estate analysis.Automation should be a priority in business to improve efficiency and competitiveness.Chapters00:00Introduction00:32Jason's Background in Real Estate05:06Motivation to Get into Real Estate06:46Dealing with the Great Financial Crisis12:33Lessons Learned from the Great Financial Crisis13:00The Role of Data in Jason's Work16:15Challenges of Data Analysis19:45Automating Data Analysis25:43Visualizing Data on Dashboards29:09Transitioning to Professional Underwriting32:28Incorporating Qualitative Information35:49Consulting Work and Sharing Knowledge37:54The Importance of Automation41:0710x-ing a Part of the Business42:01Best Deal Jason Has Done43:04Worst Deal Jason Has Done45:54Recommended Resource: How to Win Friends and Influence People47:55Connecting with JasonClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

Enjoy this discuss where Jonathan talk with Spencer Strong, of Jupiter Equity Partners, about investing in cash-flowing Junior and Big Box Retail. In this episode, we discuss sourcing deals, raising capital, capital expense nightmares, and the opportunity that retail investing provides. Spencer Strong brings a wealth of experience in real estate, directly involved in over $150M of acquisitions and dispositions across 10 states and retains ownership in over 750,000 square feet of commercial properties. With a B.S. in Finance and a real estate emphasis from BYU's Marriott School of Business, He is a partner on multiple shopping centers as well as a large industrial park that will be a future redevelopment.Spencer on Linked In:https://www.linkedin.com/in/spencer-strong/TakeawaysTransitioning from brokerage to investing allows for more control and decision-making power.Commercial brokers may not invest in real estate due to competition with clients and a focus on transactional deals rather than long-term management.Jupiter Equity Partners focuses on stable big box retail properties with credit tenants and long-term leases.Underwriting deals conservatively and accounting for significant capex items is crucial for successful investments.Building strong investor relationships through transparency and communication is key to raising capital.Cold calling property owners and targeting off-market deals can lead to finding opportunities.The book 'The Go Giver' by Bob Burg and John David Mann emphasizes the importance of giving back and focusing on providing value to others.Chapters00:00Introduction01:00Spencer's Background in Real Estate03:33Transitioning from Brokerage to Investing05:34Why Commercial Brokers Don't Invest in Real Estate08:28Jupiter Equity Partners' Investment Strategy11:13Focus on Big Box Retail13:49Business Plan for Big Box Retail Assets16:06Underwriting and CapEx Strategy20:53Dealing with Unexpected CapEx Expenses22:20Managing Investor Relations23:30Case Study: Milwaukee Retail Property26:07Out Parcel Development and Exit Strategy27:25Debt Situation and Interest Rates28:13Jupiter Equity Partners' Team Composition30:40Keys to Scaling the Business34:10Rapid Fire Lightning Round38:00Connecting with Spencer and Jupiter Equity Partners38:46Final ThoughtsClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

Walter Johnson, a real estate investor specializing in mobile home park investing, shares his insights on value-add opportunities in the affordable housing sector. He discusses the benefits of seller financing and targeting mom and pop sellers, and provides tips for finding deals and conducting due diligence. Walter emphasizes the value of community involvement and shares his contact information for listeners who want to learn more.

In this conversation, Jonathan talks with esteemed broker Michael Bull with Bull Realty. Michael delivers massive value as he shares his experience and wisdom on the importance of focus, what successful brokers are doing right now, how investors can get the attention of brokers, his keys to 35 years of success in CRE, and tons more. Michael Bull, CCIM is the founder and CEO of Bull Realty. He is an active commercial real estate broker licensed in eight states and has assisted clients with over 7 billion dollars of transactions over his 35-year career. Mr. Bull founded Bull Realty in 1998 with two primary missions: to provide a company of brokers known for integrity and to provide the best disposition marketing in the nation. While still well known for effective disposition services, the firm also provide acquisition, project leasing, and site selection/tenant representation in all major property sectors.Connect with Michael:https://bullrealty.com/https://www.commercialagentsuccess.com/America's Commercial Real Estate Show:https://commercialrealestateshow.com/Click to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

Enjoy this conversation with Stephanie Rodriguez, National Director, Industrial Services for the US with Colliers. Stephanie has experience in industrial development, lease negotiations, investor advisement, and asset management. In this discussion, we discuss the increasing costs of leasing industrial space, the increased supply of industrial assets, decreased deal velocity, the importance of proximity to utilities, plus investors' biggest pain points. As National Director, Industrial Services for the U.S., Stephanie focuses on overall growth of Colliers’ industrial business, including the establishment of new client relationships and expansion of existing affiliations and promoting talent recruitment and retention.With 25 years of commercial real estate experience, Stephanie leads Colliers’ industrial platform, especially in providing thought leadership, research and marketing. She brings extensive experience in acquisitions, lease transactions and negotiations, asset management, and development projects.Before joining Colliers, Stephanie Regional Senior Vice President at Duke Realty Corporation overseeing leasing multi-million-square-foot portfolio in Central and South Florida Prior to her time at Duke, she held progressively more senior roles at Trammell Crow Company and CBRE. Connect with Stephanie:https://www.linkedin.com/in/stephanie-rodriguez-4b384b8/https://www.colliers.com/en/experts/stephanie-a-rodriguezClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

In this episode, Jonathan talks with Preston Brooks, partner with Cox, Castle, & Nicholson. The firm is a premier law firm that services all things real estate in California. Preston specifically works with developers and municipalities  in the cleanup of brownfield and otherwise contaminated sites that could serve a better use. with redevelopment. In this conversation, we discuss the liabilities for developers of brownfields, potential sources of funds for cleanup, and we go deep into an ongoing project in Lynwood, CA where a known contaminated site is being cleaned up and redeveloped into a grocery store in a food desert.TakeawaysBrownfields are contaminated sites that complicate redevelopment due to the presence of hazardous substances or pollutants.Phase One Environmental Studies are a common tool used to assess the environmental risks of a property, but they may not identify all potential issues.Investors and developers face risks and liabilities associated with cleanup costs, third-party exposure, and regulatory compliance.When considering properties with potential contamination, it is important to conduct thorough due diligence, consult with environmental experts, and assess the risk-reward balance.Redevelopment projects in disadvantaged communities can benefit from state grants and tools like Clara Agreements to address cleanup and liability concerns.Early involvement of environmental consultants and collaboration with regulatory agencies can help navigate the complexities of brownfield redevelopment.Connect with Preston:https://www.coxcastle.com/professionals-brooks-preston-wClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.