Landlords and commercial property managers find themselves beset by all sorts of concerns. Routine repairs and ordinary expenses. Changes in the competitive landscape and shifts in local zoning codes. Tenant complaints and specific compliance tasks. It’s enough to make one’s head spin.
Commercial Property Management Safety for Landlords Read Full Article »
While commercial property management can offer wonderful returns, the horror stories that surround it are enough to make your hair stand straight up off your scalp, turn white as the driven snow, and then fall out completely. Just consider the 2012 report from The Sydney Morning Herald about the arrest of a ring of criminals manufacturing $15 million AUD worth of drugs out of rental properties. Or the evicted tenant who left the stove on and almost burned down the property. Or a property with an unplugged refrigerator that had been left stuffed with meat — for two whole years.
Commercial Property Management: Pros & Cons Read Full Article »
Our teams representing GNP Realty Partners, GNP Management Group, GNP Construction, One Development, CMPS and Chicago Five-O Services continue to be those you rely on for help with your decision making and business continuity. We want you to know that our administrative, management, maintenance and security staff employees will continue to receive salaries and benefits as we navigate through this difficult time.
A Letter From Our CEO and President/CFO Regarding COVID-19 Read Full Article »
Running through the financial calculations on a property is a crucial step before the actual purchase. With careful calculations, you will know whether the property is a good investment or whether it will be a drain on your finances. While you cannot predict everything, you can discover enough to calculate a good estimate of income, expenses, and your return on investment (ROI).
How to Calculate Potential ROI Before Investing in Real Estate Read Full Article »
There are many ways to invest in real estate. How you diversify depends on your objectives, allotted time, and risk tolerance. Investors looking to build long-term wealth will want to build a diversified real estate portfolio.
Building a Commercial Real Estate Portfolio: Should You Diversify? Read Full Article »
Increasing the equity in a commercial real estate property usually requires increasing the net operating income (NOI). This can be done by generating more income or by better managing expenses through improved property management. Chicago has many opportunities to improve property use and management.
Increasing the Equity in Commercial Real Estate Properties Read Full Article »
GNP Realty Partners is excited to announce that One Development, our new development and design arm, will be working with the National Association of Realtors (NAR) in renovating NAR’s 12-story building. The $45 million vertical expansion and redevelopment will begin in fall 2018.
GNP Realty to renovate NAR headquarters Read Full Article »
While online sales are booming as a result of the “Amazon Effect” and department stores like JCPenney, Macy’s and CVS continue to close their doors across the nation, the brick-and-mortars that survive today’s technological advances will be forced to consider creative ways to lure people from their couches.
Commercial Real Estate Technology: How New Trends Affect the Market Read Full Article »
Just 20 years ago, the only people that had cell phones or other mobile devices had them for business purposes. Now, it’s hard to find someone without a phone, tablet, or laptop. From the way that phones and other technology have impacted our personal lives, the technology is quickly becoming more and more apparent in our houses and apartments.
How Technology is Bringing Ease and Convenience into the Home Read Full Article »
Over the past year, Chicago has emerged as one of the leading cites for energy-efficient building practices. Based on the number of LEED certifications awarded by the U.S. Green Building Council (USGBC), Chicago came in third in the country with 75 certifications between January 2016 and mid-March 2017.
Chicago Becomes Leader for Energy-Efficient Building Practices Read Full Article »
