Tuesday, January 26, 2010

TJG Commercial: Economic Recovery Leverage Commercial Real Estate

Welcome Back and Happy New Year! The global economy is moving forward and so are businesses. According to GlobeSt.com their is an uptic in the economic recovery, however, risks include failing banks, increased regulations and the cost of borrowing. It is important to be able to mitigate that risk, especially when it comes to the commercial real estate needs of your business.

Turnkey Outsourcing Programs: Commercial Real Estate
Commercial Real Estate Assessment


Thursday, October 22, 2009

Property Prices Continue Dropping source: Loopnet.com http://ping.fm/dcHRV

Sunday, October 18, 2009

Rotary Club Chicagoland Lithuanians Fundraiser: Golf for Kids with Diabetes in Lithuania

Rotary Club Chicagoland Lithuanians sponsored the first annual Lou Volodka Golf Fundraiser. This newly charted club gathered friends from the Darien Rotary Club, the Lithuanian Community and the public at large to help children in Lithuania with diabetes. Their efforts will enable special diabetes pumps to be bought and sent to children in Lithuania.

Rotarian Vytautas S. Januskis, President & CEO of TJG Commercial, Corporate Real Estate Consultants said "As our founder and mentor, today we felt Lou's presence with us." It was a beautiful day for golf. Over 50 participants played golf or learned to golf, enjoyed a wonderful dinner, participated in a live auction and $5000.00 Raffle Prize.

Golfers: Victor Garbonkus, Tom Davies and Hole Sponsor Sarunas Griganavicius

Darien Rotary Club Members with Lou Volodka's daughter, Alina Davies

Wednesday, October 7, 2009

Thanks to all Twitter followers! Learn about Chicagoland Commercial Real Estate Market and connect with us www.twitter.com/tjgcommercial

Thanks to all Twitter followers! Learn about Chicagoland Commercial Real Estate Market and connect with us www.twitter.com/tjgcommercial.com

Friday, September 25, 2009

An Insider's View of Chicago's Commercial Real Estate. http://ping.fm/IiIU8

An Insider's View of Chicago's Commercial Real Estate

2009 Market Overview: Observations & Analysis

Seller's bottom line:
According to Jones Lang Lasalle, since the peak of commercial real estate sale in 2007, the capital markets have significantly slowed down in the first half of 2009. Commercial real estate has started and will continue to decrease in value. Owners that need to refinance are finding credit hard to come by. Landlords find their tenants are in trouble and paying rent late or not at all. The banks are over-collateralized and not lending the tenant or landlord the credit they need to bridge the gap.

Buyer's bottom line:
Commercial Real Estate (CRE) conditions are weak in 2010 and banks with short falls will begin to divest troubled assets. Defaults equals foreclosures and distressed sales. Small Business Administration (SBA) lending is increasing given the stimulus package. User-buyers are at an advantage, as banks that specialize in SBA loans continue to lend. However, money is running out and Congress has yet to clarify a solution for the small business owner's credit line.

Investors bottom line:
Cash is king, credit is non-existent. There are two camps businesses seem to fall into. The first includes large corporate companies that are cash rich or have the government bailing them out. The second includes small businesses with slow sales and no credit to bridge the gap. Investing strictly in commercial real estate such as office, retail or warehousing may be difficult unless the owner can hold the property for a minimum of 5 years. However, mixed-use developments look good to investors. As the residential apartment rental market continues to increase any mixed-use development that has a favorable ratio of residential apartments to commercial space seems to be catching the investors fancy.

Tenant's bottom line:
Landlords still have a mortgage to pay. Rents are decreasing and Tenant Improvements (construction, free rent) are increasing. Leveraging the commercial real estate your business utilizes can bring in savings and increase the bottom line.

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