Karen García’s Post

In today's competitive market, staying relevant and meeting the evolving needs of tenants is crucial. Older properties might require substantial investment to revamp amenity spaces, but the alternative—becoming obsolete—is a much greater risk. This quote from this Cushman & Wakefield article summarizes this truth perfectly: "Although amenity floors require significant capital investment, many of these older properties can’t afford not to make these updates because of the risk of becoming obsolete." If you're ready to reimagine your amenity strategy, reach out to lulafit today! #lulafit #realestate #commercialrealestate #amenityconsulting #CREinsights

Converting Vacant Office Space into Urban Farms? Learn how this growing trend may lead to Money Trees & Office Greens! #realestate #urbanfarm #officespace

What's Happening in #Tampa / #StPete: Netpark, one of Tampa’s most unique office properties, is on the market! The 1 million-square-foot indoor office park, which was previously an enclosed shopping mall, has been owned by a tenant-in-common investor group since 2005. Dale Peterson, CCIM and Joe Chick of CBRE Group Inc. are marketing the property for sale. Netpark is in unincorporated Hillsborough County, on 97.56 acres near East Lake-Orient Park and the Seminole Hard Rock Hotel & Casino. The mall was built in 1976 It is 60% leased, according to CBRE. Traditionally, it has been a destination for call centers and other back-office tenants. https://lnkd.in/gK5ikSTQ #office #forsale #redevelopment #commercialrealestate #tamparealestate #valuation #forsale #appraisal Tampa Bay Business Journal

Warren Seay, Jr. and Ashley Tomillo discuss the challenges of converting commercial spaces into residential real estate and offer three considerations for developers weighing the risks. https://bit.ly/3U2QGwp #RealEstate #CommericalRealEstate #ResidentialConversion

Very interesting article from my partner and friend, Warren Seay, focused on the possibiiities of urban farming as an adaptive use for underutilized office properties.

Salt Lake City is becoming more urban & hip with projects like the Post District. I like the vision that started the project in 2019 and the completion in 2023. Check out this article & let me know your thoughts.

What's Happening in #Tampa / #StPete: Netpark, one of Tampa’s most unique office properties, is on the market! The 1 million-square-foot indoor office park, which was previously an enclosed shopping mall, has been owned by a tenant-in-common investor group since 2005. Dale Peterson, CCIM and Joe Chick of CBRE Group Inc. are marketing the property for sale. Netpark is in unincorporated Hillsborough County, on 97.56 acres near East Lake-Orient Park and the Seminole Hard Rock Hotel & Casino. The mall was built in 1976 It is 60% leased, according to CBRE. Traditionally, it has been a destination for call centers and other back-office tenants. https://lnkd.in/gK5ikSTQ #office #forsale #redevelopment #commercialrealestate #tamparealestate #valuation #forsale #appraisal Tampa Bay Business Journal

Trost Abdou Building - A Unique Investment Opportunity Welcome to 115 N Mesa, a prestigious Trost historical building nestled in the heart of El Paso, TX. This iconic property offers a seamless blend of charm and modernity, making it a coveted investment opportunity. Currently fully leased, this gem boasts a dynamic mix of multifamily and retail spaces. Key Features:     •    Trost Architectural Legacy: Designed by the renowned Trost & Trost architectural firm, this building stands as a testament to El Paso’s rich history. The meticulously preserved exterior exudes timeless elegance, capturing the essence of a bygone era.     •    Prime Location: Situated on N Mesa, this property enjoys a central location in El Paso, ensuring high visibility and foot traffic. Its proximity to key amenities, entertainment venues, and business districts enhances its appeal for both residents and retailers.     •    Fully Leased: Investors will appreciate the stability and income potential of a fully leased property. The current mix of multifamily and retail tenants ensures a diversified revenue stream, mitigating risks and maximizing returns.     •    Multifamily Residences: The property features thoughtfully designed multifamily units that cater to modern living preferences. Tenants enjoy a harmonious blend of historic charm and contemporary conveniences, creating a unique and desirable living experience.     •    Retail Spaces: The retail component of the building presents an excellent opportunity for businesses to thrive in a vibrant and bustling community. With a diverse range of retail spaces, this property is poised to attract a variety of businesses, enhancing the overall appeal of the investment.     •    Proven Investment Potential: El Paso’s real estate market has shown resilience and growth, making this property a strategic addition to any investment portfolio. The combination of historic significance, full occupancy, and a prime location positions 115 N Mesa as a valuable asset with long-term potential. This is a rare chance to own a piece of El Paso’s history while enjoying the financial benefits of a fully leased, multifaceted property. Don’t miss out on this opportunity to invest in a Trost historical building that seamlessly marries the past with the present. Contact us today to schedule a private viewing and explore the potential of 115 N Mesa. For more information, contact: Jorge E. Nieves 915.790.9757 JNieves@REPcre.com #REPcre #whoREPresentsyoumatters #commercialrealestate #texasrealestate

Good read from The FW Report

New York's real estate landscape is ever-evolving, and here's another exciting development on the horizon! 🏙️ The Jay Group has set its sights on a prime location in Downtown Brooklyn, right across from the bustling City Point complex. They've filed plans to demolish the existing 1-story building at 275 Flatbush Ave. Extension, paving the way for what could be a transformative project in this vibrant neighborhood. As a real estate professional, I can't help but get excited about the potential here: 1. Location, location, location! Being across from City Point means easy access to shopping, dining, and entertainment. 2. The area's already seeing significant foot traffic - perfect for retail or mixed-use development. 3. With Brooklyn's continued growth, this could be an excellent opportunity for both commercial and residential spaces. What do you think this site could become? A sleek new residential tower? A innovative office space? Or perhaps a mixed-use development that adds to Brooklyn's dynamic character? I'd love to hear your thoughts: • What type of development do you think would best serve this area? • How might this project impact property values in the surrounding blocks? • What amenities would you like to see included if it becomes a residential development? Let's discuss the future of Downtown Brooklyn and its ever-changing skyline! #BrooklynRealEstate #NYCDevelopment #UrbanPlanning #TopPropertiesTeam #RealBrokerLLC #RealBrokerage