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, February 27, 2013

Starting a Career In Commercial Real Estate

Starting a Career In Commercial Real Estate
The Allen Block Scholarship Recipient shares how he approached starting a career in Commercial Real Estate and the lessons he has learned thus far...

In Fall 2011, I received the Allen Block Real Estate Scholarship, established in memory of Allen Block, a respected member of the commercial real estate community. The scholarship helped me complete my Master’s of Business Administration with an emphasis in Real Estate and Finance from UMKC. Since graduating, I have gotten married, switched positions within the General Services Administration, and started my first side business. I have learned life-long lessons even in my first years in commercial real estate. Here is an overview of some of the things I have learned since entering my professional career:

Wednesday, February 20, 2013

New Opportunities for Commercial Real Estate in 2013

KC Commercial Real Estate Market Report 2013
There are many new challenges and opportunities for commercial real estate in 2013 to keep in scope as they new year progresses. A key part of the BRES 2013 business strategy is to aggressively pursue opportunities that will elevate results for our clients. The face of the commercial industry is ever-changing and any CRE company must be actively pursuing the challenges opportunities in the industry in a way that will best benefit their clients. At BRES, some of the major opportunities we pursued have developed into divisions of their own.....

Thursday, February 14, 2013

Bringing Back the Romance: Simple Ways To Spruce up Your Property

Commercial Property Management
As a property manager, it is sometimes hard to find low-cost, simple ways to spruce up your property. Bring back the romance and show your property some love with these easy property management tips that will have your tenants falling in love with your property all over again...

Monday, February 11, 2013

Mobile usage in commercial real estate up 61%

Mobile usage is up dramatically in the commercial real estate industry and is forecast to double in the next three years, according to a new report.

Mobile usage in commercial real estate

Technology in the commercial real estate sector moves at a far different pace than residential real estate, because the type of consumer is far different, and far fewer, and the professional needs of industry insiders are typically met by older software that may not be sexy and may be clunky, but transferring to another system is often regarded as a waste of time for a fast paced industry.

That said, devices in the pockets of professionals and consumers have evolved dramatically, and mobile use is on the rise, up 61 percent in 2012 compared to 2011, according to inMotion Real Estate’s recent report which also forecast that mobile use will double by 2016.

The report notes a 225 percent increase of mobile visits as a percent of total website visits in 2012 compared to 2011, marking a rise not only in smart device ownership, but in mobile usage in the commercial real estate industry.

Thursday, February 7, 2013

KC Healthcare Development 2013 Report

In 2010 when the Patient Protection and Affordable Care Act (PPACA), more often referred to as Obamacare, was passed by Congress, the health care industry was thrust into a whirlwind scramble that left many health systems and private physicians pumping the brakes on growth strategies until they could determine how the PPACA was going to affect their industry.


Three areas that are creating a bullish environment in health care real estate are the upholding of the government mandate, physician reimbursement cuts and the creation of Accountable Care Organizations (ACOs).

• With the mandate’s passage, it is anticipated that an estimated 32 million more people will be covered via a health plan beginning in 2014 (there are currently an estimated 46 million uninsured Americans). That increase in patient volume alone has physician practices and health systems trying to figure out how they will be able to accommodate such an influx of patients.

• In addition to more patients, physicians are seeing their Medicare reimbursement rates cut, which trickles over to the commercial insurance reimbursement which is often a percentage of Medicare. So now physicians are charged with seeing more patients and getting less reimbursement.

• The third challenge facing providers, this time more focused on health system providers, is the creation of
ACOs. While the details of an ACO are quite complex, the basic breakdown is that providers are incentivized by utilizing less while focusing on quality measures like fewer readmissions. For the patient who comes to the local hospital for an inpatient stay, the hospital’s reimbursements will go down every time that patient comes back to the hospital for treatment within the same episode of care.

Tuesday, February 5, 2013

KC & National Investment Market Report

Investment Commercial Real Estate Transaction Rise.  Kansas City continues to be at  the top of investors’ preferred list, although the challenge is breaking into this  tightly held real estate market and being able to place enough capital to gain market share.

With the tremendous amount of equity in the marketplace in 2012, Kansas City and national investment professionals saw transaction volume increase significantly over 2011 and dramatically over 2009 and 2010. Several factors pushed investment commercial real estate back to the forefront as an investor’s preferred asset class. According to Real Capital Analytics, third quarter 2012 property sales volume totaled $67 billion, a 19% increase over the same period in 2011. A more important factor for Kansas City and other secondary markets is the increased trend of investors going into secondary and tertiary markets to find higher investment yields.