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Managing Distressed Commercial Property
In commercial real estate, distressed assets are defined as those commercial properties that are mismanaged, struggling to navigate changing market conditions, have negative cash flow due to reduced leasing activity post pandemic, and generally underperform the...A Guide to Apartment Hunting
Property Management – Answers to Frequently Asked Questions
Ciminelli has been managing commercial real estate for over 30 years. The relationships we enjoy with clients, neighbors, and business leaders are formed through listening and understanding their needs. A recent conversation with our team of property managers revealed...
8 Trends To Watch For in Commercial Real Estate in 2024
Newmark Ciminelli [View Original Post] The commercial real estate industry is always changing. Over the past few years, we have seen historic disruptions brought on by factors like the pandemic, remote work, economic factors, and tenant preferences. As 2024 begins to...
Building Automation: Transforming Energy Efficiency for a Sustainable Future
Building automation is revolutionizing energy consumption in commercial and industrial buildings by optimizing energy usage and promoting sustainability, enhancing energy efficiency, reducing carbon emissions, and revealing significant cost savings. By embracing...
5 Best Practices for Optimal Vendor Performance
Managing vendor performance is a critical aspect of property management. A well-managed vendor network reduces costs, optimizes service quality, and minimizes risk for both your business and your clients. However, mitigating risk and managing performance for multiple...
The Basics of the Tenant Improvement Process
When it comes to leasing commercial space, whether it’s an office, retail storefront, or medical office, tenants often find themselves needing to make changes to the space to suit their specific needs. This is where the tenant improvement process comes into...
5 Tips to Consider Before Building Out Your Office Space
The current office environment has created some movement among tenants looking to understand and make the most of opportunities in the CRE market. Moving or modifying your existing office is a significant event requiring planning, coordination, and construction...