Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Wednesday, August 29, 2012

Increasing the Value of Commercial Real Estate

Increasing a commercial properties value is the owner’s ultimate goal and it doesn’t always mean you have to spend money to increase the value. NOI, or net operating income, is determined by subtracting the operating expenses from the gross operating income. A savvy property manager can find multiple ways to increase NOI while spending very little. 

Wednesday, August 22, 2012

Evaluating Your Company's Lease

Location, Location, Location! is a phrase most commonly used in commercial real estate. The location of your business is one of the most vital aspects of the success and longevity of a business. Currently, there are a substantial amount of vacancies in various commercial real estate sectors. As a result, many companies are wondering, like the English pop band, the Clash, wondered: “should I stay or should I go now?"

Wednesday, August 15, 2012

Best Free Apps For CRE Professionals

Commercial Real Estate professionals are always on the go: doing tours, meeting with clients, negotiating contracts. With the rise of technology, brokers and property managers now have tools at their finger tips to make their jobs easier while they are on the go. These free mobile applications are the top picks from the brokers at Block Real Estate Services:

Wednesday, August 8, 2012

Establishing and Maintaining Positive Relationships with Tenants

High quality customer service and building strong tenant relationships is paramount in property management and is the key to increasing tenant retention.   With these tough market conditions, it is crucial for property managers to sharpen their management skills, attract new prospects, and satisfy current tenants while adhering to a budget.  Combining all of these variables, while attending promptly and properly to tenant needs, can protect and increase the value of the investments.

Wednesday, August 1, 2012

Outlook on Commercial Real Estate For 2nd Half of 2012

Recently, Block Real Estate Services, (BRES) LLC was honored to be featured in the Midwest Real Estate News Best of the Best 2012. See how BRES ranked. In the issue, BRES' Managing Principal Kenneth G. Block shared his insight on CRE for the remainder of 2012:

Currently, multifamily and the assisted-living side of the market are strong. A tremendous amount of multifamily projects have been sold, thus, showing a significant development opportunity in this sector. Young people are also playing an influential role in the success of multifamily. As a result of the economy, significant changes have developed in young people’s attitudes towards owning homes.  They don’t see buying a home as an investment, and are looking at multifamily residential to provide more flexibility. This is a big change for our country, and it bodes well for the future of the multifamily market.