Ep. 21 Ash Parker & Jeff McMullen: The Capital of The South — Atlanta's Office & Retail Market
TCN Worldwide Market Minutes Podcast
Release Date: 02/02/2023
Ep. 21 Ash Parker & Jeff McMullen: The Capital of The South — Atlanta's Office & Retail Market
TCN Worldwide Market Minutes Podcast
Description In this episode, we speak with two top agents from long-time TCN Worldwide member firm, Richard Bowers & Company in Atlanta, Georgia. Ash Parker, a top office broker, shares his thoughts on Atlanta's office market and Jeff McMullen, Atlanta's retail expert, speaks to the changing face of Atlanta's retail landscape. Ash Parker discusses how the office market has faired since the pandemic started and what he's seeing as people return to office properties in terms of vacancy and cap rates as well as what amenities and locations are having the most success in attracting people back...
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Ep. 20 Vince Provenzano: Commercial Real Estate "Financial Value-Add" Strategies
TCN Worldwide Market Minutes Podcast
In this episode, we talk with Vince Provenzano, President of Brokerage at San Diego-based Pacific Coast Commercial. Vince shares his expertise that spans over 40 years in San Diego real estate to discuss the commercial real estate market in Southern California as well as the details of two interesting transactions his firm recently completed, delivering significant "financial value-add" to their clients. From starting in construction and participating in the market for a short period of time as a residential agent to building one of the most prominent commercial real estate firms in San Diego,...
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Ep. 19 Justin Kessler & Nathan Meisner: Taking Advantage of Disruption in the Office Market; Rightsizing & the Flight to Quality
TCN Worldwide Market Minutes Podcast
Justin Kessler & Nathan Meisner with Bradford Allen/TCN Worldwide in Chicago discuss the ever-changing dynamics of the post-pandemic office market; how savvy tenants are taking advantage of this temporary disruption; and how the work-from-home trend has adversely affected younger workers who traditionally benefit the most from in-office mentorships. Learn what safety nets can be built into your lease to allow flexibility while maximizing the opportunities that the current market offers to tenants who wish to right-size or secure more prestigious office space with the amenities to help...
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Ep. 18 David Verwer, CCIM: Property Management and the Return to The Office (This Time for Real)
TCN Worldwide Market Minutes Podcast
Today we talk with David Verwer, Director of Real Estate Operations, Mode Commercial to discuss the ins and outs of property management. David discusses several key components of property management, from leasing to maintenance as well as how years as a broker [David received the prestigious CCIM designation in 2002] have put him in the unique position of understanding all aspects of the commercial real estate business and allows him to relate to all sides of the table. We also take a look at office vacancy and the return to the physical office to explore what David is seeing firsthand as the...
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Ep. 17 Paul Hendershot: Commercial Real Estate National Mid-Year Economic Update
TCN Worldwide Market Minutes Podcast
In this special episode, we talk with Paul Hendershot, Senior Director of Market Analytics at CoStar who delivers a comprehensive mid-year 2022 economic update and forecast for the commercial real estate industry. Paul Hendershot, a frequent participant at TCN Worldwide conferences and one of our most highly-rated speakers, brings a unique skill set as a career economist in the CRE industry. He provides a broad perspective on the national economy, how the first half of 2022 is shaping up and the current inflationary environment. In today's episode, Paul focuses on three asset classes...
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Ep. 16 Kevin Parisi: Retail Isn't Dead, It's Evolving
TCN Worldwide Market Minutes Podcast
Today we talk with Kevin Parisi, President and CEO of Albany-based Trinity Realty Group, LLC. (TRG) about the Upstate New York commercial real estate market as well as the evolution of the retail sector in the broader sense. He is bullish on both retail and office sectors, especially in suburban and secondary markets where rents can be advantageous to allow companies to maximize profit margins. Kevin also discusses his role in TV's only reality real estate show "The Real Estate Commission" which will be airing this summer. Key Discussion Points [00:17] Welcome and introduction by Eric Odum...
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Ep. 015 Matthew Ferguson, CRE: The Changing Face of Indianapolis - $100M Project Along Monon Trail
TCN Worldwide Market Minutes Podcast
Today we talk with Matthew Ferguson, CRE, Vice President, Premier Commercial in Indianapolis to discuss the changing face of the city and the new 14.5-acre, $100+ million development along the city's Monon Trail, known as Monon 30. Matthew Ferguson, CRE, Vice President of Premier Commercial Real Estate Services/TCN Worldwide, has been working on the deal for over a year and was instrumental in contracting the several adjoining properties, finding outside sources to help with the development of the project, selling the idea to the neighborhood, and in meeting with City Council and officials to...
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Ep. 014 Marty Cleckler: Market Outlook in Lubbock, TX
TCN Worldwide Market Minutes Podcast
Today we talk with Marty Cleckler, MAI, Managing Director of WestMark Commercial in Lubbock, TX about what he's seeing within his market, how Texas Tech impacts their commercial real estate market, and how it compares to other markets throughout the U.S. In this episode, Marty discusses each sector, how Lubbock had developed into an economic and healthcare hub to the region as well as what he see's in the years ahead.
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Ep. 013 Paul Hendershot: Commercial Real Estate National Mid-Year Economic Forecast
TCN Worldwide Market Minutes Podcast
In this special episode, we talk with Paul Hendershot, Senior Director of Market Analytics at CoStar, who delivers a comprehensive mid-year economic update and forecast for the commercial real estate industry. Paul focuses on three asset classes (office, industrial, and retail) and shares his insights on what's going on in the national economy.
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Ep. 012 Grant Pruitt: Dallas-Fort Worth Office Market Outlook
TCN Worldwide Market Minutes Podcast
Today we talk with Grant Pruitt, President & Co-Founder, Whitebox Real Estate in Dallas, TX about what he's seeing within the DFW office market and how it compares to other markets as people return to the office. In this episode, Grant discusses the DFW office market and why he's bullish on the office sector as we come out of the pandemic and in the years ahead.
info_outlineAsh Parker discusses how the office market has faired since the pandemic started and what he's seeing as people return to office properties in terms of vacancy and cap rates as well as what amenities and locations are having the most success in attracting people back to the office. Retail expert, Jeff McMullen, discusses CAM expenses, how rental rates and vacancies have shifted as well as the lead time retail tenants should expect when moving within Atlanta's competitive retail market.
[00:32] About our guests: Jeff McMullen and Ash Parker
[01:39] What's going on in the Atlanta Office Market?
[03:03] Taking the Covid pandemic into account, how has Office faired in Atlanta compared to the rest of the country?
[06:02] Jeff, tell us how the town center (called the battery) around the stadium might dovetail with office and retail
[08:28] What are the Atlanta trends in vacancies post-covid?
[10:01] Jeff, What are you seeing with CAM expenses per square foot?
[10:32] Ash, what are you seeing on the office side as far as vacancies and rental rates
[15:59] Jeff, for both retail tenant and investors sides, where in Atlanta can I go for value?
[18:06] What time of lead time should be expected for retail tenants to find good locations?
[21:04] Ash, if I'm an investor in Atlanta and looking for value in office - where would I go?
[24:20] So is the overruling theme here accessibility?
[25:57] What conclusions can we draw over the next 12 months for the retail space?
[27:50] Based on our discussion, what conclusions can we draw for the next 12 months?
[32:12] Any final thoughts? (i.e. on the future of office space? Retail? How Covid changed things, etc..)