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Tag Archives: Brian Estes

BRIAN ESTES — What is the current state of the commercial real estate market?

In my last article I briefly discussed the current state of the commercial real estate market and pointed out a few things that could be done ahead of the potential commercial real estate (CRE) downturn.  As a real estate practitioner, I frequently get asked what the current state of the real estate market is.  There are hundreds of articles published ...

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BRIAN ESTES — Why property management should matter to high net-worth individuals

I have written several real estate articles on high net-worth individuals (HNWIs); however, I believe the subject of property management may be the most important topic I have discussed in regards to HNWIs or even high income individuals.  Generally speaking, high net-worth individuals struggle with making the decision to outsource property management to a third-party management company or to just ...

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BRIAN ESTES — Why high net-worth individuals should allocate to commercial real estate

High net-worth individual investors are currently faced with a dilemma on allocating their portfolio between stocks, bonds and alternative investments, including commercial real estate. The stock market has roared back over the past several years with double-digit returns for most investments based on several economic factors, including confidence that President Trump’s tax policies will be advantageous to investors. However, there ...

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Landmark conversion to increase apartment total with 50 percent ownership sale

By TED CARTER  The sale of a half ownership in downtown Jackson’s Landmark Center is part of a plan to significantly increase the residential component of a conversion to mixed use for the glass-enclosed office building at Capital and Lamar streets. Jackson commercial real estate broker Brian Estes said selling Weinstein Nelson Developers LLC of Baton Rouge a stake in ...

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Dealing on a lease becomes the art of the tug-of-war

Tenants shuffling around in search of long-term, attractive lease deals Metro Jackson’s office tenants are tending to stay put but are seeing a lot of “value alternatives,” a term the leasing trade applies to affordable opportunities to upgrade to a better space or move to larger quarters. Those value alternatives have to come in mighty sweet to prompt a tenant ...

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Slight occupancy decline, submarkets on the rise

Combined average rate drop of 10 cents leaves Metro landlords hoping the bottom has been reached Downtown’s Central Business District and the Highland Colony submarkets kept metro Jackson from achieving positive net absorption of office space in the third quarter, though more than a quarter million square feet counted in the downtown survey is not being actively marketed. The quarterly survey ...

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Market has landlords coveting their neighbor’s retail tenant

Recession and over-supply of space intensifies competition for tenants. In the give-and-take of retail space leasing in metro Jackson, today’s tenant takes and the landlord gives. With too many buildings either entirely empty or half empty, landlords are making deals they hope they don’t live to regret. And they are happy to take from their neighbors, knowing their neighbors won’t hesitate ...

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