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Not Everything is Perfect with Ecommerce

Posted on: May 18, 2018 by Brian DiPinto
Although the ecommerce boom might seem like the savior of not only the real estate business, but also the many ancillary businesses that support it, the high demand for more space is also driving net rental rates up at record amounts.Read More

An Opportunity

Posted on: April 20, 2018 by Eugene C. Boyle
In commercial real estate, we have all observed how changing demographics have forced companies to change their goals and aspirations. Twenty to thirty years ago, developers who helped create the market for condominiums to fit a segment of the population, have changed their building plans today, towards luxury market rate apartments which may include a housing component.Read More

Investing in Land for the Long Run

Posted on: March 2, 2018 by Christian M. Benedetto, Jr.
The good earth has always been associated with wealth, and tales are legion of ancestral land left behind for generations. Of all assets humankind has known, land has proven the most enduring in value. Wars have been waged over land and its resources from time immemorial. Today, long term investors are buying land whose values multiply over 75 or 100 years, for their grandchildren or great grandchildren to reap those benefits.Read More

Industrial Real Estate: A Hot Commodity

Posted on: February 6, 2018 by Michael F. Schipper
The trajectory of the industrial real estate market in New Jersey and in most port centric markets throughout the country, has continued to push to elevated heights. The path of least resistance is “up” both in terms of price and demand.Read More

Brick and Mortar Retail is Not Dead Nor Dying, It is Reinventing Itself

Posted on: January 9, 2018 by Alessandro (Alex) Conte, CCIM, SIOR
A little over a decade ago, brick and mortar retail space was the hottest market, with investors and users alike scratching and clawing their way into bidding wars for the elusive corner locations or store fronts on major highways. Read More

How to Use Intricate Local Knowledge to Protect Your Clients During a Site Selection Process

Posted on: October 25, 2017 by Brian DiPinto
New Jersey is a very difficult market in which to be an effective industrial real estate broker. Not only is there tremendous competition from other brokers, some landlords are pushing to do deals directly with users, and a lack of inventory compounds all the other issues we come across daily.Read More

Summer Pick Up vs. The Summer Slump

Posted on: September 11, 2017 by Alessandro (Alex) Conte, CCIM, SIOR
Historically speaking the summer months tend to slow down in the commercial real estate world as schools are closed, children are home and vacations become the priority. This is a contrary theme to residential real estate where home buyers, especially those with school aged children, are looking to make a move during the summer months as to not affect their work schedules and to start their children off on the right step at the start of the school year.Read More

The Need for Outdoor Storage

Posted on: August 3, 2017 by Anthony M. Bufanio, CCIM
As the demand for properties that permit outdoor storage continues to grow, the number of these sites in northern and central New Jersey continues to decline. We are now seeing prices at $12,000/AC/mo to as much as $15,000/AC/mo in some places.Read More

Top Marketing Tips for Commercial Real Estate Professionals

Posted on: July 14, 2017 by Coleen R. Conklin & Whitney Driver-Crimmins
We live in a connected world where customers are empowered more than ever with so many choices and so much information at their fingertips. In this rapidly evolving digital landscape, commercial real estate professionals need to be creative about how to engage and connect with their customers through a mix of technology and tried and true relationship building skills. In order to be competitive, The Blau & Berg Company uses the following strategies to go above and beyond the basics.Read More

Real Estate's Best

Posted on: June 15, 2017 by Eugene C. Boyle
I met recently with Bob Lieb and Michael Seeve, managing partners of Mountain Development Corp. in Woodland Park. Bob was one of the original founders of the Wolff Samson law firm and a few years ago, Michael was president of NAIOP. I have known both for 25 years and find their knowledge of New Jersey real estate to be extremely valuable. Given this fact, I did a Q&A session with both Bob and Michael, which I am summarizing below.Read More

Cannabis & Industrial Real Estate

Posted on: May 10, 2017 by John Sawyer
Millions of dollars are being spent to make new and old warehouses suitable for cannabis cultivation around the country. Most business owners, investors, and commercial real estate brokers are aware of their use, but can New Jersey be missing out on a major economic opportunity because marijuana is not legal? Read More

Tri-State Economic Development

Posted on: April 13, 2017 by Charles T. Kavanagh
In the course of servicing our clients, we experience that at some time a few may consider relocating to other states. More often than not, the driver of the consideration for a move is either lower overall market pricing or more favorable zoning. While The Blau & Berg Company is better known as a brokerage firm with a very active practice in Northern and Central New Jersey, the firm has brokers licensed in New York and Pennsylvania for many years. When clients become aware of our tri-state affiliations, however, the question may be asked, "How do the incentive programs of the three states compare with one another?"Read More

Cycles Will Always Prevail

Posted on: February 10, 2017 by Michael F. Schipper
I think it's essential to remember that just about everything is cyclical. There's little I'm certain of, but these things are true: Cycles always prevail eventually. Nothing goes in one direction forever. Trees don't grow to the sky. Few things go to zero. And there's little that's as dangerous for investor health as insistence on extrapolating today's events into the future," says Howard Marks of Oaktree Capital Management. Read More

Tertiary Markets on the Rise

Posted on: January 18, 2017 by Tamara J. Blau
As we enter the first quarter of 2017, demand for commercial real estate continues its ascent to new heights, helping this cycle to be one of the best many have seen in the last thirty years. Most, if not all, of the larger markets have seen record-breaking territory. However, we also expect real estate demand to be strong in the smaller secondary and tertiary markets. Lawrence Yun, Chief Economist for the National Association of Realtors recently said, "Prices in smaller markets should continue to climb with strong tenant demand and declining supply of supporting growth."Read More

The Effect of the Election on Real Estate

Posted on: December 13, 2016 by Alessandro (Alex) Conte, CCIM, SIOR
Donald J. Trump, 45th President of The United States of America, will most likely bring some much needed stimulus to the economy in his first year. His policies point to a combination of tax cuts and government spending in the form of upgrading the nation’s infrastructure and for national defense, which will provide a short term boost to the economy in the first half of 2017. Read More

What to Expect When the Panamax Vessels Arrive

Posted on: November 8, 2016 by Brian P. DiPinto, Logistics & Rail Specialist
For the past seven years, there has been a lot of talk about what the widening of the Panama Canal will mean for the ports of New York, New Jersey, and the industries that support international commerce in the surrounding areas such as, trucking services, 3PL services, and real estate. Although the Panama Canal project was completed in June of 2016, we have not seen any of the Panamax vessels dock in our ports. The major hold up now is the raising of the Bayonne Bridge, which is slated to be complete in December of 2017.Read More

Your Property's Worth

Posted on: October 7, 2016 by Anthony M. Bufanio
Owners are always asking us, “What is my property worth?” Sure most real estate brokers can spit out a number on the spot but wouldn’t you feel better if some real thought and actual research were used in coming up with the numbers? You deserve to have some basis for the value, so why not ask for it. Armed with this information you will be better equipped to formulate a game plan that serves your interests. Read More

Market on the Rise

Posted on: September 12, 2016 by Brad P. Jacobs
We are now beginning our 3rd year of a strong industrial market. The question on everyone's mind is how long can this last? What can stop this driving force? Here are some factors to consider when taking a speculative look.Read More

Container Farming Growth Creates Demand for Space in Cities

Posted on: July 5, 2016 by Alessandro (Alex) Conte
The demand for locally grown, nutritious and safe food is on the rise, and companies like Aerofarms are going vertical in major metro areas with a mission of disrupting traditional supply chains. During the first quarter of 2015, with the assistance of The Blau & Berg Company, AeroFarms was able to secure space in a 28,000 square-foot high cube warehouse in Newark, which is serving as a stepping stone for their growth in the New York Metro market as they build a state of the art facility nearby. Read More

Using Internal Revenue Code 170 To Advantage

Posted on: May 27, 2016 by Eugene C. Boyle
Please do not get upset. I’m not going to explain the intricacies of IRC 170, God forbid! However, what I do want to do is explain how an owner, with a difficult property to sell, might think of employing IRC 170 to get rid of the property.Read More

It's a Tenant's Market in the Office World

Posted on: May 11, 2016 by Chris Flammer
The office segment of commercial real estate is continuing to see growth. While there was a small increase in vacancy (less than 1%) at the end of the first quarter of 2016, the vacancy rate is at a promising 14% overall.Read More

A Look at Our Economy Through a Broker's Eyes

Posted on: April 14, 2016 by Michael Schipper
As our country, and the world for that matter, began to wind down at the end of 2015 and prepare for 2016, the Federal Reserve Bank took the opposite approach and raised its target interest rate for the first time since 2006.Read More

2015 New Jersey Industrial Vacancy Rate at Lowest Level in this Millennium

Posted on: March 4, 2016 by Alessandro (Alex) Conte
New Jersey’s Industrial vacancy rate in the fourth quarter dropped to 6.4 percent, which is significantly down from 8.2 percent a year earlier (CoStar). Nearly 4 million square feet of industrial space was leased during the fourth quarter, bringing the total for 2015 to 12.5 million square feet. The two largest leases during the fourth quarter were a new 571,000-square-foot lease by List Logistics at 75 Mills Road in Edison and a 500,000-square-foot renewal by LG Electronics USA at 380 Deans Rhode Hall Road in South Brunswick.Read More

Northern NJ Industrial Market Reacts to Shortage of Space

Posted on: December 1, 2015 by Alessandro (Alex) Conte
While many CRE experts have predicted that we would be in the third quadrant of the real estate cycle by now (hyper supply), most of us are astonished by the fact that we are still in a healthy part of the expansion period. The Northern NJ real estate market has been seeing record levels in low vacancy rates for the past two quarters, and although we have a healthy pipeline of new big box warehousing coming on to the market over the next year, those spaces already have a healthy number of suitors.Read More

Action in the Central New Jersey Turnpike Corridor

Posted on: October 1, 2015 by Charles T. Kavanagh
It has been often reported and well recognized that the Central New Jersey Turnpike corridor has undergone tremendous absorption of industrial space over the last few years. In fact, there has been enough shrinkage of inventory to spur further speculative new construction. Monmouth and Ocean counties, though on a far smaller scale, have exhibited a similar feverish increased demand for warehouse space, especially related to properties for sale. At this point in time, it appears, confirmed by databases, that there are only three buildings in excess of 30,000 SF available for purchase in the two counties.Read More

Economic Development Incentives

Posted on: August 4, 2015 by Laura Crimmins
Economic development incentives have created a buzz for the state of New Jersey. Trying to increase the amount of money that comes and stays in the state, it has created UEZ, Grow NJ, New Market Tax Credits, Pilot and “smart growth” programs. Take Smart growth for example, it serves the community, the economy and the environment equally. It attempts to concentrate development into already existing communities when possible. Directing economic activity into places where infrastructure already exists, minimizes the public subsidy necessary to support these activities and reducing the cost to businesses to build facilities, transport goods, connect with suppliers, customers and access employees. There are different programs depending on the type of project. A residential project can receive tax credits up to 20% of total project costs with 10% bonus possible if the project reserves at least 10% of the units for affordable housing.Read More

A Positive Drive for Commercial Real Estate

Posted on: July 8, 2015 by Chris Flammer
There is a lot of optimism in the air surrounding commercial real estate. I recently attended a state market event put on by the New Jersey CRE. This confirmed what I have been hearing from many of my clients, that the market is strong in most segments. Supply is low in retail. One thing driving the activity is space being taken by typically nontraditional retail users, such as urgent care and children’s play zones. The retail investor market is also hot right now. The average investor is being pushed out in many cases by 1031 money, and the cap rates are being pushed down to sub-five percent in some cases.Read More

Take Advantage of High Demand / Short Supply

Posted on: May 28, 2015 by Michael F. Schipper
A quick glance at one of the many financial periodicals or web based financial media outlets from one day to the next and one might be left guessing as to the state of our economy. Will the Federal Reserve raise rates in June, or September, or ever? Is the economy strong enough to absorb an increase in interest rates? Read More