Explore the impacts of the 2023 Commercial Real Estate slowdown on investment landscapes, market trends, and potential strategies moving forward.
CoStar Group, Inc., a leading provider of commercial real estate information, analytics and online marketplaces, announced the recipients of the 2022 CoStar Power Broker Award, recognizing professionals and firms who closed the highest transaction volume in commercial real estate deals in their respective markets.
For the Fresno market, Visintainer Group was named as a Top Sales Firm and Brett Visintainer and John Kourafas have been recognized as two of the most active local dealmakers in 2022.
Great job, Team!
Visintainer Group is looking for motivated individuals interested in joining a successful Commercial Real Estate Investment Firm!
At the beginning of the year there was a lot of concern surrounding rising interest rates’ effect on commercial real estate. As it turned out, this looming fear fueled buyers to get into the market and buy at record pace for retail and multi-family properties. In fact, in 2022, the Central Valley saw record cap rates, sales volume, and transactions, based on data provided by The Visintainer Group and CoStar.
As we enter the final months of the year, the future is uncertain for the commercial real estate market as there are multiple factors that can change the landscape of the market in the coming months. Here are five important trends that investors will be watching closely as we enter the final quarter of the year and head into 2023:
Regardless of whether you are just starting your journey into multifamily investment real estate, or a seasoned professional with many units in your portfolio, operational costs are a constant area of focus. Rising operational costs are having a vastly different impact on returns depending on size of the property, its age, and its location.
One of the most important parts of a commercial real estate acquisition or disposition is the underwriting that takes place during a transaction. Underwriting in commercial real estate is commonly associated with the analysis that investors and real estate professionals use to measure the cash flow, risk, and most importantly, the value of an asset. Real estate professionals and investors will create an analysis that determines the feasibility of each property and its income. Once the NOI (net operating income) is established, the value can be determined.
A 1031 Exchange, in short, is a way for investors to sell an income property and defer the capital gains taxes by buying a new income property (replacement property). A common question from investors is, “When should I start working on my exchange if I know what I am going to sell?” When it comes to planning, there is no such thing as “too early” for an exchange. The more you understand the investment market and process, the more likely you are to make a solid investment decision.
CoStar Group, Inc., the leading provider of commercial real estate information, analytics and online marketplaces announced the CoStar Power Broker Quarterly Deals winners for the second quarter of 2022. Brett Visintainer and John Kourafas of Fresno-based Visintainer Group were named in the list of Top Sales Deals winners for the Sacramento and Stockton/Lodi markets. The CoStar Power Brokers Quarterly Deals winners are determined by the top deals executed every quarter, based on price and square footage. Visintainer Group was recognized for the following transactions:
Over the past two years, a common perception has been that there is little to no inventory of available multifamily properties on the market in the Central Valley. If you compare the volume of transactions year over year to 2019 (the year preceding Covid), that perception is proven true. The pandemic year, 2020, saw a reduction in total sales transactions in the Central Valley by 18.1% compared to 2019. Last year saw an even further reduction in transaction volume, down 26.3% from 2019.
