Our commercial real estate team specializes in representing owners, landlords, and investors. In difficult real estate cycles, our customers need representation with proven results, regardless of the market condition. Thank you to our clients and customers for the business transacted in 2011. Please continue to visit our website to view today’s available opportunities and stay current on market happenings. Thank you.....John & Tim
Whether you're a business looking to buy or lease space or an investor interested in private capital, you’ve come to the right place. Our Team (John Ransom, SIOR, CCIM | Tim With, SIOR, CCIM) is dedicated to serving your Albuquerque Commercial Real Estate needs. Connect with us on Twitter or Facebook.
Several economic indicators began flashing yellow last week, and one of the most worrisome is the monthly Business Outlook Survey from the Philadelphia Federal Reserve, which tracks manufacturing conditions in central and eastern Pennsylvania, southern New Jersey and Delaware. One of several regional manufacturing surveys, the Philly Fed report does not carry as much weight as national indicators such as the ISM manufacturing index, but last week’s release showed an eye-popping plunge in activity among the region's manufacturers this month.
New orders declined sharply and inventories rose, both of which will weigh on future production. The sudden deceleration seems related to deteriorating economic conditions in Europe, an important destination for U.S. exporters. Slipping confidence among U.S. consumers and businesses also played a role. The survey results are consistent with the Empire State Manufacturing Survey released earlier last week by the New York Federal Reserve. Activity shrank for a third consecutive month in New York and in two of the past three months in the Philly survey. Manufacturing has been one of the few economic bright spots, so any weakening would hurt the broader economy. In commercial real estate, the industrial property category would be most at risk if the manufacturing slowdown continues.
The Grubb & Ellis|New Mexico team, in conjuction with Bank of Albuquerque (www.bankofalbuquerque.com), REDW (www.redw.com) and ELCDC (www.elcdc.com) hosted a very successful Lease vs Own seminar this week. The topics of discussion focused on the benefits to the business owner of both leasing and owning commercial real estate for business purposes including; a detailed Lease versus Own analysis, possible tax implications, and financing options currently available in the marketplace. Click Here to download the presentation slides from the event. We would be happy to answer any questions and/or help advise you with any of your real esate related matters.
Regards.....Tim With & John Ransom