Ahh, springtime. Longer days, warmer temps, flowers abloom, the crack of the bat on opening day of MLB, NCAA final four, and the Masters golf tournament. You may be wondering how I have time to make any deals with all the sports happening this time of year. It’s tough. But in light of the screen time I’m spending, my thoughts these days are random.
Friday, April 12, 2024
Random Thoughts
Ahh, springtime. Longer days, warmer temps, flowers abloom, the crack of the bat on opening day of MLB, NCAA final four, and the Masters golf tournament. You may be wondering how I have time to make any deals with all the sports happening this time of year. It’s tough. But in light of the screen time I’m spending, my thoughts these days are random.
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Allen C. Buchanan
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commercial real estate
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Lee and Associates
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Random Thoughts
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SIOR
Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, April 5, 2024
Education of Buyers and Sellers As The Market Adjusts
In order for a real estate transaction to close - whether it is a lease or a sale - a properly motivated buyer and seller must be present. By this I mean you need an owner ready to make the next deal and an occupant who’s kicked the tires and is prepared to sign. Ideally, these motivations mesh into a synchronicity that is melodious.
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Allen C. Buchanan
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Education of Buyers and Sellers As The Market Adjusts
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Lee and Associates
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SIOR
Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, March 29, 2024
What can Little House on the Prairie teach us about Commercial real estate
Fifty years. Wow! Has it really been that long since Half Pint, Ma, Pa and Almanzo graced our tv screens? In a word, yes. Little House on the Prairie, the iconic 1970s series about a pioneer family struggling to make their way on the prairies of Minnesota just celebrated its golden anniversary. Little did I know the series was filmed in our very own Simi Valley, California right down the road from the Ronald Reagan presidential library. Admittedly, my wife is a larger “bonnet head” than I - but I cooperatively loaded the car with water and snacks and left the house at 6:30 in the morning in order to make an 8:45 bus tour of the original filming location. The day unfolded with sights, sounds and scenes from another era - that of our youth and unspoiled innocence shared by many of us in the seventies. I’m officially now a Landon head.
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Allen C. Buchanan
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Lee and Associates
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orange county commercial real estate
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SIOR
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What can Little House on the Prairie teach us about Commercial real estate
Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, March 22, 2024
Reflections from Paradise - Commercial Real Estate Insights from My Florida Keys Adventure
I Just got back from an unforgettable getaway in the Florida Keys, and let me tell you, the experience was more than just sun, sand, and sea. It got me thinking about the commercial real estate scene down there, and boy, do I have some stories to share. So grab a mojito and join me as we unravel the lessons I learned from Ernest Hemingway's haunts, Harry Truman's hideaways, and the breathtaking beauty of the Keys.
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#cre
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Allen C. Buchanan
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Lee and Associates
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Reflections from Paradise - Commercial Real Estate Insights from My Florida Keys Adventure
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SIOR
Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, March 8, 2024
Advice I’m Giving These Days
Hello friends! I’m penning this on the balcony of my stateroom on a ship somewhere in the Caribbean. With Nassau in our rear view mirror and steaming toward San Juan - the weather is slightly overcast, mid seventies with a mild breeze blowing. Well not really, but a man can dream. Actually, I’m just pecking away at my dining room table in Orange. But I digress. Today, I go deep on the advice we’re giving to a client of ours who wants to purchase a building. They’re woefully short in space and have placed a bandaid on their growth by adding 3PL pallet positions.
Positives:
+ avoid moving twice
Negatives:
· space is smaller
· already racked
· 3PL is costly
Positives:
+ cheapest space alternative
+ racked
Negatives:
· no equity
· racking RE-config
· uncertainty after 22 months
· two moves
Positives:
+ certainty
+ size
+ divisibility
+ one move
Negatives:
· price impasse
· expensive
+ lowers his basis
+ rent is equity
+ one move
+ time to ramp up operation
+ speed of move.
Negatives:
· absolute non-starter with the ownership
· difficult to peg an option price
Positives:
+ preserves operating capital
+ cheaper
Negatives:
· no generational wealth creation
· expense at the end of the term?
· Over 120 months no equity build-up and loan pay down.
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#cre
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Advice I’m giving these days
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Allen C. Buchanan
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commercial real estate southern california
,
Lee and Associates
,
orange county commercial real estate
,
SIOR
Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, March 1, 2024
Can Subleases A Market Make?
By the time you read this, we will have exhausted two months of 2024. Christmas lights will be appearing in home improvement retailers in no time. But I digress.
Labels:
#cre
,
Allen C. Buchanan
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Can Subleases A Market Make?
,
Lee and Associates
,
SIOR
Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, February 23, 2024
What Are Experts Saying?
I am a huge networker and have been since the commercial real estate market tumbled in late 2008. As I scanned the scorched earth of what little remained of a vibrant business - I wondered if our commercial real estate activity would ever return. Buyers weren’t transacting, sellers couldn’t sell and lenders refused to lend. The financial world was in free fall as values lost nearly 40% - seemingly overnight. Brokers, reliant upon deals were forced to wait - something very few us were good at doing.
Labels:
#cre
,
Allen C. Buchanan
,
commercial real estate
,
Lee and Associates
,
SIOR
,
What Are Experts Saying?
Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
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