News Feeds (RSS) http://naiblackblog.com/?p=276 http://naiblackblog.com/2018/11/our-journey-to-the-gsi-building/ Spokane Business News Our Journey to the GSI Building After 46 years at the James S. Black building, we moved offices mid-November of this year. As one can imagine after that much time this move was a huge deal for our company. Moving can be a large task for anybody, whether you&#8217;re moving houses, a retail location, or a small or big office. There [&#8230;] Fri, 30 Nov 2018 00:36:15 Z http://naiblackblog.com/2018/11/our-journey-to-the-gsi-building/#respond NAIBlack-Blog <p>After 46 years at the James S. Black building, we moved offices mid-November of this year. As one can imagine after that much time this move was a huge deal for our company. Moving can be a large task for anybody, whether you&#8217;re moving houses, a retail location, or a small or big office. There are many items that need to be taken care of and usually in a timely matter. We have created this checklist to share a little piece of our move story as well as hopefully spark some thoughts on what you may need if you are planning a big move anytime soon.</p> <ol> <li>Find an architect and a contractor that you trust.</li> </ol> <p>If you plan on remodeling like we did, the first thing you need to do is figure out how you would like to configure your new space. Luckily, being in the commercial real estate industry we have formed relationships with multiple companies that we like to use. We chose to use Shane Mercier, with Mercier Architecture &amp; Planning, to help design the layout of our new space, and we used Michael Galles with Construction Associates of Spokane as our contractor. Both did a wonderful job at converting our ideas into a reality.</p> <ol start="2"> <li>Figure out offices for employees (and brokers in our case).</li> </ol> <p>Sometimes this can prove to be a difficult task, especially when you have a lot of employees. Finding a place where everyone will work well is a crucial aspect of any office, and it also brings comfort to your staff when they know that they will have a nice new “home” to work.</p> <ol start="3"> <li>Figure out any new parking.</li> </ol> <p>Many buildings located in the peripherals of cities have parking, but this can be a tougher task when you work in the downtown area. Will you need to find new parking garages for your staff? Are they going to be parking somewhere they feel safe walking the distance to work? How might parking prices change? Luckily, we didn’t move to far so most of our employees didn’t have to worry about new parking. However, we wanted to assure our brokers and our property managers that they would have a wonderful parking space with easy access in and out of our new building.</p> <ol start="4"> <li>Fine tune your move schedule.</li> </ol> <p>Moving a large office takes a village and making sure that everyone is on the same page and the right people are delegated the right tasks is a crucial part of moving. First, we had to make sure that everyone knew when they needed their offices packed up. We hired Contract Design Associates to take down our cubes and put them back up in our new space. We used Spokane Pro Movers to move all of our furniture. Then some of our amazing staff helped to move all of the computers and our IT transferred the network and our phones over. These were no small tasks and thanks to our Executive Team we were able to carry them out smoothly.</p> <p><img data-attachment-id="282" data-permalink="http://naiblackblog.com/2018/11/our-journey-to-the-gsi-building/20181116_112114/" data-orig-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?fit=2872%2C2429" data-orig-size="2872,2429" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;1.7&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;SM-G955U&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1542367274&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.25&quot;,&quot;iso&quot;:&quot;50&quot;,&quot;shutter_speed&quot;:&quot;0.00078125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="20181116_112114" data-image-description="" data-medium-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?fit=300%2C254" data-large-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?fit=1024%2C866" class="aligncenter size-large wp-image-282" src="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491-1024x866.jpg?resize=1024%2C866" alt="" width="1024" height="866" srcset="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=200%2C169 200w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=300%2C254 300w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=400%2C338 400w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=600%2C507 600w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=768%2C650 768w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=800%2C677 800w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=1024%2C866 1024w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=1200%2C1015 1200w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?w=2200 2200w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?fit=2872%2C2429 2872w" sizes="(max-width: 1024px) 100vw, 1024px" data-recalc-dims="1" /></p> <ol start="5"> <li>Time to get organized!</li> </ol> <p>When you get all of your furniture in, it’s time to tie down final details. Hanging pictures, arranging furniture, organizing break rooms and supply cabinets, making sure everyone has all the furniture and file cabinets they need and any lighting they may need to adjust. There are numerous details in moving offices and it is an ongoing process, but the goal is an end result that lasts for many years to come.</p> <p>This was a historical move for our company and it is hard to put into one single blog post all of the details and moving parts that went into this venture. We are so grateful for all of the hard work each and every person that was involved with this project put in. Come visit us at 801 W. Riverside, Suites 300 &amp; 400, and check out our new digs!</p> <p>&nbsp;</p> http://naiblackblog.com/2018/11/our-journey-to-the-gsi-building/feed/ 0 276 2018-11-30 00:36 +00:00 2018-11-29 18:36 -06:00 http://naiblackblog.com/?p=269 http://naiblackblog.com/2018/10/black-realty-management-hired-to-manage-old-city-hall-building/ Property Management Black Realty Management Hired to Manage Old City Hall Building There are many reasons why hiring a property management company can be a huge benefit. A good property management company can save you a lot of time and work. We offer premier property management services here at NAI Black and not only can we save you time, but we can also save you money. When [&#8230;] Mon, 01 Oct 2018 08:37:47 Z http://naiblackblog.com/2018/10/black-realty-management-hired-to-manage-old-city-hall-building/#respond NAIBlack-Blog <p>There are many reasons why hiring a property management company can be a huge benefit. A good property management company can save you a lot of time and work. We offer premier property management services here at NAI Black and not only can we save you time, but we can also save you money.</p> <p>When Old City Hall was recently purchased, Black Realty Management was hired as the property management company of the building. We immediately researched the owner&#8217;s current insurance policy on the building and determined that by placing the policy onto the Black Commercial properties&#8217; package policy, we were able to improve the coverage by lowering the deductible from $5000 to $2500; we improved the owner&#8217;s umbrella liability insurance from $5M to $10M; and, we were able to save the owner $8000 per year on their overall premium. This is just one example of how we were able to save our client money by using our management services.</p> <p>We hope that you consider Black Realty Management when you or someone you know are looking for a property management company.</p> http://naiblackblog.com/2018/10/black-realty-management-hired-to-manage-old-city-hall-building/feed/ 0 269 2018-10-01 08:37 +00:00 2018-10-01 03:37 -05:00 http://naiblackblog.com/?p=255 http://naiblackblog.com/2018/09/food-court-reflections/ Commercial Real Estate commercial real estate food court mall poem property management retail shopping Food Court Reflections A Warrior Rejoices By: Stephen Pohl Circa 2006 The warriors arrived, one by one, glancing up only to get their bearings. In the neon lit canyon, characterized by the sweet smells of its daily fare, hawking counter personnel roar to life, making their case for cuisine &#8220;du jour&#8221;. The warriors carefully navigate the cacophonous carnival [&#8230;] Wed, 19 Sep 2018 21:02:24 Z http://naiblackblog.com/2018/09/food-court-reflections/#respond NAIBlack-Blog <p style="text-align: center;"><strong>A Warrior Rejoices</strong></p> <p style="text-align: center;">By: Stephen Pohl</p> <p style="text-align: center;"><em>Circa 2006</em></p> <p style="text-align: center;">The warriors arrived, one by one, glancing up only to get their bearings.</p> <p style="text-align: center;">In the neon lit canyon, characterized by the sweet smells of its daily fare,</p> <p style="text-align: center;">hawking counter personnel roar to life, making their case for cuisine <em>&#8220;du jour&#8221;</em>.</p> <p style="text-align: center;">The warriors carefully navigate the cacophonous carnival of fast food items, verifying the tariff,</p> <p style="text-align: center;">substantiating the freshness, and pondering the portions. Their victorious victual would soon be revealed.</p> <p>&nbsp;</p> <p style="text-align: center;">Children crying, orders being shouted, over-modulated conversational tones,</p> <p style="text-align: center;">mindless one-sided cell phone dialogue with the constant rejoinder &#8220;can you hear me now?&#8221; creates</p> <p style="text-align: center;">the <em>battlefield din</em>. A nearby game room contributes to temporary hearing loss attributable to</p> <p style="text-align: center;">exuberant gamesters who revel in their award level attainment while characterizing their</p> <p style="text-align: center;">invincibility based on <em>their</em> joystick of life approach. Businessmen peck at their PDA&#8217;s, readers</p> <p style="text-align: center;">are immersed in a world of page-turning novels, teenage youth showcase the latest in sartorial</p> <p style="text-align: center;">splendor, while marooned tourists struggle to assess their role at this socially diverse altar of fast food.</p> <p style="text-align: center;">If bling could sing, the food court would be a symphony.</p> <p>&nbsp;</p> <p style="text-align: center;">A mother struggles to placate toddler pleadings for sweets as the social milieu wanders aimlessly,</p> <p style="text-align: center;">drawn to savory specials, exhorted by sampling, and sequestered by a sense of impending gustatory</p> <p style="text-align: center;">satisfaction. The sensations make the decision seem difficult. The daily trek to</p> <p style="text-align: center;">humanity&#8217;s ubiquitous feast at the food court takes a back seat to logic and etiquette.</p> <p style="text-align: center;">A mosaic of mankind are taking their seats in shifts, pausing only to deposit their wages</p> <p style="text-align: center;">in exchange for their sustenance. Uneven flooring and ensuing furniture wobble reminds the</p> <p style="text-align: center;">warrior of unsteady lessons associated with life. The fabric of life operates here.</p> <p style="text-align: center;">The warrior is emboldened by its energy.</p> <p>&nbsp;</p> <p style="text-align: center;">Life&#8217;s warrior is armed with all manner of sanitized weaponry, supplementing</p> <p style="text-align: center;">the experience with ritualistic soda straw excoriation, multiple perforated condiment sub</p> <p style="text-align: center;">routines, and diminutive napkin negotiations. It would all be over within a brief interval.</p> <p style="text-align: center;">The mall madness creates a backdrop of unexplained excitement.</p> <p>&nbsp;</p> <p style="text-align: center;">A retailing destination invigorates the transient warrior. A strategy is conjured over the simple</p> <p style="text-align: center;">exchange of clicking plastic ware, aided and abetted by nearby conversations of shopping</p> <p style="text-align: center;">dreams &#8212; yet unfulfilled. The nagging knowledge of gifts, yet to be bought, and necessities</p> <p style="text-align: center;">placed on sale racks, elevates the warrior to an ambitious level of exploration. Fortified</p> <p style="text-align: center;">by a nourishing meal, the warrior takes comfort in the efficiency of the food court that</p> <p style="text-align: center;">has reserved the remaining lunch hour for retail procurement.</p> <p>&nbsp;</p> <p style="text-align: center;">The warrior rejoices.</p> <p>&nbsp;</p> <p>&nbsp;</p> <p style="text-align: left;">Stephen Pohl is a managing broker at NAI Black and is our retail guru. During the time this poem was written Stephen was a leasing agent for several malls in the Houston, TX area before moving to Spokane. He wrote this while enjoying lunch in the food court of one of the malls he worked in.</p> <p><!-- Begin MailChimp Signup Form --></p> <p>&nbsp;</p> <p>&nbsp;</p> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }<br /> /* Add your own MailChimp form style overrides in your site stylesheet or in this style block.<br /> We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */<br /> </style> <div id="mc_embed_signup"> <form id="mc-embedded-subscribe-form" class="validate" action="https://naiblack.us18.list-manage.com/subscribe/post?u=7d6652c0080ade022762bb8dc&amp;id=0109963e93" method="post" name="mc-embedded-subscribe-form" novalidate="" target="_blank"> <div id="mc_embed_signup_scroll"><label for="mce-EMAIL">Subscribe to our mailing list</label><br /> <input id="mce-EMAIL" class="email" name="EMAIL" required="" type="email" value="" placeholder="email address" /><br /> <!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups--></p> <div style="position: absolute; left: -5000px;" aria-hidden="true"><input tabindex="-1" name="b_7d6652c0080ade022762bb8dc_0109963e93" type="text" value="" /></div> <div class="clear"><input id="mc-embedded-subscribe" class="button" name="subscribe" type="submit" value="Subscribe" /></div> </div> </form> </div> http://naiblackblog.com/2018/09/food-court-reflections/feed/ 0 255 2018-09-19 21:02 +00:00 2018-09-19 16:02 -05:00 http://naiblackblog.com/?p=250 http://naiblackblog.com/2018/09/virtual-reality-and-commercial-real-estate/ Commercial Real Estate commercial real estate future property tour real estate tours virtual reality Virtual Reality and Commercial Real Estate Technology has been impacting commercial real estate since the beginning of time from websites, to emails, to CRM’s, to drones, and now it seems there is a new technology buzz in the industry. Of course, in such a competitive business, brokerage companies are always looking for the best way to get a leg up on [&#8230;] Fri, 07 Sep 2018 23:35:40 Z http://naiblackblog.com/2018/09/virtual-reality-and-commercial-real-estate/#respond NAIBlack-Blog <p>Technology has been impacting commercial real estate since the beginning of time from websites, to emails, to CRM’s, to drones, and now it seems there is a new technology buzz in the industry. Of course, in such a competitive business, brokerage companies are always looking for the best way to get a leg up on their competition. It’s looking like virtual reality could be that new tool.</p> <p>Now more than ever it seems that visuals are important when marketing a listing.  A lot of brokers have started using drones to capture all aspects of a property. Brokers have also been making virtual tours where you can go online and click through every room of a property. It makes sense that virtual reality would be the next up and coming way to market properties.</p> <p>For those that aren’t familiar with the concept, virtual reality is a newer technology where a person can put on a special headset that encases the eyes and tracks your motions and gives you a 3D visual of any space that you can physically walk through and look around. You can even communicate with other people in the same virtual room.</p> <p>How can virtual reality change commercial real estate? For one, if you have clients from out of town, or even from across the globe, with VR they can tour a property from anywhere. Just slip on the headset and they are in the space, without have to spend any money or time on traveling.</p> <p>Not only can you show clients space from anywhere in the world, you can set up conferences with team members who are all from different areas. Conference calls are great, but why sit on a call when you can put yourself in a room and see and dialogue with your team via virtual reality?</p> <p>Think about having a space that a buyer or tenant wants to completely renovate or a property that hasn’t been built yet. With virtual reality technology you can build out an incomplete space or building and actually walk through it. You can see what a new office space will look like for tenants. Or investors can look at what apartment units will look like after completed.</p> <p>The high costs of virtual reality is preventing many brokerages from taking the leap to use the new technology. Although many people are saying that the effectiveness of using VR in marketing make it worth it. Virtual reality may help people fill space up quicker, so owners don’t have to continue paying for vacancies which can be quite costly. How can you see virtual reality impacting the industry in the future?</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }<br /> /* Add your own MailChimp form style overrides in your site stylesheet or in this style block.<br /> We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */<br /> </style> <div id="mc_embed_signup"> <form id="mc-embedded-subscribe-form" class="validate" action="https://naiblack.us18.list-manage.com/subscribe/post?u=7d6652c0080ade022762bb8dc&amp;id=0109963e93" method="post" name="mc-embedded-subscribe-form" novalidate="" target="_blank"> <div id="mc_embed_signup_scroll"><label for="mce-EMAIL">Subscribe to our mailing list</label><br /> <input id="mce-EMAIL" class="email" name="EMAIL" required="" type="email" value="" placeholder="email address" /><br /> <!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups--></p> <div style="position: absolute; left: -5000px;" aria-hidden="true"><input tabindex="-1" name="b_7d6652c0080ade022762bb8dc_0109963e93" type="text" value="" /></div> <div class="clear"><input id="mc-embedded-subscribe" class="button" name="subscribe" type="submit" value="Subscribe" /></div> </div> </form> </div> http://naiblackblog.com/2018/09/virtual-reality-and-commercial-real-estate/feed/ 0 250 2018-09-07 23:35 +00:00 2018-09-07 18:35 -05:00 http://naiblackblog.com/?p=243 http://naiblackblog.com/2018/08/spokane-puts-forth-effort-to-help-firefighters/ NAI Black Community Work community firefighters spokane support wild fire Spokane Puts Forth Effort to Help Firefighters The past few weeks in the Pacific Northwest have been hazey ones. With our air quality raising to almost 395 on the Air Quality Index, it’s no secret that the wildfire’s have been outrageous this summer. And with fire’s, there are firefighters working hard to contain and put them out. These firefighters work day in [&#8230;] Tue, 28 Aug 2018 18:06:15 Z http://naiblackblog.com/2018/08/spokane-puts-forth-effort-to-help-firefighters/#respond NAIBlack-Blog <p>The past few weeks in the Pacific Northwest have been hazey ones. With our air quality raising to almost 395 on the Air Quality Index, it’s no secret that the wildfire’s have been outrageous this summer. And with fire’s, there are firefighters working hard to contain and put them out. These firefighters work day in and day out in the brutal heat trying to save our environment. Spokane was able play a role in this effort to help.</p> <p>Eric Johnson, Wildfire Support Coordinator, contacted Stephen Pohl, a NAI Black broker, to see if he could help locate a property for them to prepare lunches for the firefighters. Stephen worked with David Wright, an NAI Black property manager and within a day a site was made available to put together and distribute sack lunches.</p> <p><img data-attachment-id="246" data-permalink="http://naiblackblog.com/2018/08/spokane-puts-forth-effort-to-help-firefighters/firefighter-lunches/" data-orig-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?fit=1000%2C750" data-orig-size="1000,750" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;1.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 7 Plus&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1535125660&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;3.99&quot;,&quot;iso&quot;:&quot;20&quot;,&quot;shutter_speed&quot;:&quot;0.0005&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="firefighter lunches" data-image-description="" data-medium-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?fit=300%2C225" data-large-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?fit=1000%2C750" class="aligncenter size-full wp-image-246" src="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?resize=1000%2C750" alt="" width="1000" height="750" srcset="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?resize=200%2C150 200w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?resize=300%2C225 300w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?resize=400%2C300 400w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?resize=600%2C450 600w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?resize=768%2C576 768w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?resize=800%2C600 800w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/08/firefighter-lunches.jpg?fit=1000%2C750 1000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></p> <p>“The community gave amazing support along with NAI Black. This just goes to show that people step up and Spokane really outdid themselves,” said Eric Johnson. Johnson says they made and distributed these lunches from last Tuesday, August 21, until Monday, August 28. NAI Black was extremely proud to be able to help put this together for the firefighters that have been working so hard to get these fires contained.</p> <p>Thank you firefighters!</p> <p><!-- Begin MailChimp Signup Form --></p> <p>&nbsp;</p> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }<br /> /* Add your own MailChimp form style overrides in your site stylesheet or in this style block.<br /> We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */<br /> </style> <div id="mc_embed_signup"> <form id="mc-embedded-subscribe-form" class="validate" action="https://naiblack.us18.list-manage.com/subscribe/post?u=7d6652c0080ade022762bb8dc&amp;id=0109963e93" method="post" name="mc-embedded-subscribe-form" novalidate="" target="_blank"> <div id="mc_embed_signup_scroll"><label for="mce-EMAIL">Subscribe to our mailing list</label><br /> <input id="mce-EMAIL" class="email" name="EMAIL" required="" type="email" value="" placeholder="email address" /><br /> <!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups--></p> <div style="position: absolute; left: -5000px;" aria-hidden="true"><input tabindex="-1" name="b_7d6652c0080ade022762bb8dc_0109963e93" type="text" value="" /></div> <div class="clear"><input id="mc-embedded-subscribe" class="button" name="subscribe" type="submit" value="Subscribe" /></div> </div> </form> </div> http://naiblackblog.com/2018/08/spokane-puts-forth-effort-to-help-firefighters/feed/ 0 243 2018-08-28 18:06 +00:00 2018-08-28 13:06 -05:00 http://naiblackblog.com/?p=238 http://naiblackblog.com/2018/08/amazon-announces-fulfillment-center-in-west-plains/ Spokane Business News Amazon Business Fulfillment Center spokane West Plains Amazon Announces Fulfillment Center in West Plains The rumors that we&#8217;ve been hearing since the beginning of the year are true&#8230;Amazon is coming to Spokane. Amazon recently announced their plan to build a 600,000 square foot fulfillment center southwest of Spokane International Airport on the north side of Geiger Boulevard. This 80-acre site will bring over 1,500 jobs to Spokane (around 3,000 [&#8230;] Tue, 14 Aug 2018 20:22:42 Z http://naiblackblog.com/2018/08/amazon-announces-fulfillment-center-in-west-plains/#respond NAIBlack-Blog <p>The rumors that we&#8217;ve been hearing since the beginning of the year are true&#8230;Amazon is coming to Spokane.</p> <p>Amazon recently announced their plan to build a 600,000 square foot fulfillment center southwest of Spokane International Airport on the north side of Geiger Boulevard. This 80-acre site will bring over 1,500 jobs to Spokane (around 3,000 during the busy holiday season). This fulfillment center could quite possibly be the largest job creation project that Spokane has ever seen.</p> <p>Bringing Amazon to Spokane should have a valuable impact when recruiting other companies to our city. Having a Fortune 20 company in Spokane sends a great message to other large companies considering coming to Spokane. Amazon will bring attention to the  West Plains and could possibly lead to more warehouse developments in the surrounding area.</p> <p>Amazon operates over 100 fulfillment centers around the United States. Adding a fulfillment center to our area could help Spokane customers receive orders in an even more timely manner than before. The fulfillment center is expected to open late 2019.</p> <p>What are some more positive impacts that you think could come from Amazon coming to the Inland Northwest? Share your thoughts with us!</p> <p><em>Information Courtesy of <a href="http://www.spokesman.com/">Spokesman Review</a>. For more information go to <a href="http://www.spokesman.com/stories/2018/jul/20/amazon-confirms-plans-for-fulfillment-center-near-/">http://www.spokesman.com/stories/2018/jul/20/amazon-confirms-plans-for-fulfillment-center-near-/</a></em></p> <p><!-- Begin MailChimp Signup Form --></p> <p>&nbsp;</p> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }<br /> /* Add your own MailChimp form style overrides in your site stylesheet or in this style block.<br /> We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */<br /> </style> <div id="mc_embed_signup"> <form id="mc-embedded-subscribe-form" class="validate" action="https://naiblack.us18.list-manage.com/subscribe/post?u=7d6652c0080ade022762bb8dc&amp;id=0109963e93" method="post" name="mc-embedded-subscribe-form" novalidate="" target="_blank"> <div id="mc_embed_signup_scroll"><label for="mce-EMAIL">Subscribe to our mailing list</label><br /> <input id="mce-EMAIL" class="email" name="EMAIL" required="" type="email" value="" placeholder="email address" /><br /> <!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups--></p> <div style="position: absolute; left: -5000px;" aria-hidden="true"><input tabindex="-1" name="b_7d6652c0080ade022762bb8dc_0109963e93" type="text" value="" /></div> <div class="clear"><input id="mc-embedded-subscribe" class="button" name="subscribe" type="submit" value="Subscribe" /></div> </div> </form> </div> http://naiblackblog.com/2018/08/amazon-announces-fulfillment-center-in-west-plains/feed/ 0 238 2018-08-14 20:22 +00:00 2018-08-14 15:22 -05:00 http://naiblackblog.com/?p=233 http://naiblackblog.com/2018/07/food-for-thought-investing-in-marijuana-tenants/ Commercial Real Estate Food for Thought: Investing in Marijuana Tenants The marijuana industry is a quickly growing industry throughout the U.S. Currently, there are 30 states that have legalized marijuana. There are many investors that have already decided to invest in properties with marijuana tenants and many are thinking about doing so. While sitting in on a webinar hosted by SIOR we learned about the [&#8230;] Wed, 25 Jul 2018 23:09:25 Z http://naiblackblog.com/2018/07/food-for-thought-investing-in-marijuana-tenants/#respond NAIBlack-Blog <p>The marijuana industry is a quickly growing industry throughout the U.S. Currently, there are 30 states that have legalized marijuana. There are many investors that have already decided to invest in properties with marijuana tenants and many are thinking about doing so. While sitting in on a webinar hosted by SIOR we learned about the specifications that marijuana user buildings require and limitations that they face. Our hope is that we can provide some helpful information for those of you wondering about the marijuana industry and those of you who have considered making investments in these properties.</p> <p>The ballot issue for recreational marijuana was first approved in Colorado and Washington State in 2012 with the first dispensaries to be opened in 2014. In 2016 the total revenue for marijuana sales was at $7 billion. It is expected that by 2021 revenue will increase to $25 billion. In Washington State the revenue for 2017 was $319 million compared to $189 million in 2016. In Colorado alone, the revenue was $1.5 billion for 2017.</p> <p>Rents tend to average 3x more for a marijuana user than any other user because of the high risk involved. In 2013, Denver rents for a user building were around $40-$50 per square foot which later increased to around $65-$70 per square foot. Currently, rents can be $100 and above per square foot. These numbers will vary from city to city based on market conditions, but you can note that they are relatively high.</p> <p>There are three main types of marijuana facilities; cultivation, manufacturing/distribution and retail. Cultivation is the largest and can be indoor or outdoor in states that have a more controlled climate. In states like Washington and Colorado, there are going to more indoor cultivation facilities. These facilities are also sometimes combined with manufacturing/distribution facilities, meaning they grow and process product in the same building. These facilities are commonly built like greenhouses due to efficiency and quality of product. They require special lighting and HVAC. Ceilings are best at a minimum of 14 feet high. The buildings have to meet special odor requirements which sometimes means using exhaust fans with carbon filtration. Properties with marijuana tenants are hard to turn over to a new tenant of a different use due to the highly specialized buildout.</p> <p>It’s important to think about financing for a marijuana tenant. Since marijuana is still federally illegal, this makes financing difficult. Loan interest rates tend to be around 8-20% and finding a lender can sometimes prove to be strenuous. It is crucial for an investor to understand the tenant’s capital structure, since it is rather expensive to meet all the specifications required to have a legal and efficient marijuana facility.</p> <p>Investing in a marijuana tenant can be a financially smart decision especially when that tenant stays in the building for a long period of time and can find adequate financing. There are many points to take into consideration when choosing to invest in a marijuana tenant, and we hope that this information helped. Would you choose to make this investment?</p> http://naiblackblog.com/2018/07/food-for-thought-investing-in-marijuana-tenants/feed/ 0 233 2018-07-25 23:09 +00:00 2018-07-25 18:09 -05:00 http://naiblackblog.com/?p=225 http://naiblackblog.com/2018/07/griffin-hare-nai-black-intern-spotlight/ People Spotlight commercial real estate internship NAI Black property management real estate Griffin Hare – NAI Black Intern Spotlight Griffin Hare is a graduate from Whitworth University and interned at NAI Black from June 2017 through June 2018. Griffin was a huge help to our administrative staff as well as our brokers. He got hands-on experience in the world of commercial real estate and we loved having him throughout the whole school year. Here [&#8230;] Mon, 09 Jul 2018 17:59:03 Z http://naiblackblog.com/2018/07/griffin-hare-nai-black-intern-spotlight/#respond NAIBlack-Blog <p>Griffin Hare is a graduate from Whitworth University and interned at NAI Black from June 2017 through June 2018. Griffin was a huge help to our administrative staff as well as our brokers. He got hands-on experience in the world of commercial real estate and we loved having him throughout the whole school year. Here is what Griffin took away from his internship.</p> <p><strong>NAI Black: What is the most valuable thing that you have learned at NAI Black? </strong></p> <p>The most valuable thing I learned at NAI Black is the importance of relationships. This lesson was apparent on a myriad of unique levels. For example, the relationship I witnessed the most intimately was that of the broker and their assistants. There is mutual respect, and each side knows that without each other nothing could be accomplished. I witnessed genuine friendships between brokers lead to powerful business partnerships. The relationship between the brokers and their clients was intriguing because each interaction is unique and that is what is so special about this business. There is no one right way to do business in this industry and each broker has a multitude of skill sets and strategies in order to succeed and I think this aspect can be applied to any facet of my career.</p> <p><strong>What is y</strong><strong>our major? How have you applied/grown it through your internship? </strong></p> <p>My undergraduate major was Business Management and I received my Master of Business Administration this last spring at Whitworth University. I have applied my major(s) through this internship by utilizing the “hard skills” I have acquired like marketing, finance, and organizational studies to complete tasks in the most effective and efficient way. This internship has forced me to go out of my comfort zone at times by making hundreds of cold calls or approaching landlords to gather specific data. I am very thankful for this aspect of my experience here because it was something that my education could not quite teach me.</p> <p><strong>What is your favorite building in Spokane? </strong></p> <p>My favorite building in Spokane is the Davenport Hotel. The exterior boasts complex and elaborate architecture that is very unique compared to other buildings in this area. The exterior is what prompted me to pick this building, but equally impressive is its intricate interior. Every time I walk by or in this historic building I am in awe with something new.</p> <p>Thanks for all of your hard work over the past several months Griffin. Good luck on all your future endeavors! We appreciated having you on our team!</p> http://naiblackblog.com/2018/07/griffin-hare-nai-black-intern-spotlight/feed/ 0 225 2018-07-09 17:59 +00:00 2018-07-09 12:59 -05:00 http://naiblackblog.com/?p=219 http://naiblackblog.com/2018/06/summer-fun-in-the-pnw/ NAI Black Community Work Coeur d'Alene Fun things to do Hiking Lakes PNW spokane Summer activities Summer Fun in the PNW There are many reasons to live in and love the Pacific Northwest. One of the top reasons people choose to live here are the spectacular outdoor activities we have available to us right in our backyard. From boating, to swimming, to hiking, to outdoor markets, there are so many options for activities for you and [&#8230;] Wed, 13 Jun 2018 22:49:02 Z http://naiblackblog.com/2018/06/summer-fun-in-the-pnw/#respond NAIBlack-Blog <p>There are many reasons to live in and love the Pacific Northwest. One of the top reasons people choose to live here are the spectacular outdoor activities we have available to us right in our backyard. From boating, to swimming, to hiking, to outdoor markets, there are so many options for activities for you and your family to explore this Summer. Trying to think of new ideas? We are here to point you in the right direction.</p> <p><strong>Lakes</strong></p> <p>Grab your kayak, paddle board, or favorite floatie and head to one of the many fabulous lakes all within a 2-hour drive from Spokane. Make the trip to Lake Roosevelt, the 130-mile span of water that stretches across the Columbia Basin, stay a little closer to home and have a picnic at Long Lake, take your boat to one of the 20 boat launches at lake Coeur d’Alene and cruise throughout 100 miles of lake and enjoy the stunning views, or grab your water skis and head to Idaho’s largest lake, Pend Oreille. Wherever you choose to spend the day or weekend, none of these lakes will let you down.</p> <p><strong>Hiking</strong></p> <p>The hiking options in the PNW are endless. Stay close to Spokane and try hiking one of the many trails throughout Riverside State Park like Bowl and Pitcher or Deep Creek Canyon. You will need a Discover Pass to park at any Riverside State Park location. You can get a day pass for $10 or an annual pass for $30. These can be purchased from retailers throughout the state, over the phone or online through <a href="http://discoverpass.wa.gov/">discoverpass.wa.gov</a>. If you are in Spokane Valley, Dishman Hills Natural Area at the north section of Appleway Blvd. and Camp Caro is a must-do for all hikers. A trip to Coeur d’Alene is not complete without hiking Tubbs Hill which you can access just east of the Coeur d’Alene Resort and enjoy spectacular views of the lake.</p> <p><strong>Farmer’s Market and City Events</strong></p> <p>Maybe you would prefer staying in the city and enjoying the events that Spokane has to offer during the Summer. The Kendall Yards Night Market is hosted every Wednesday evening in the heart of Kendall Yards. From food to crafty vendors there are lots of fun items to shop. Another option for finding delicious fresh foods is the Thursday Market in the Spokane Perry District. Take a trip just 15 minutes north of Spokane to Green Bluff Farms where you can pick your own produce, flowers and herbs. You can also find outdoor movies and concerts at parks throughout the area like Riverfront Park, Liberty Lake’s Pavilion Park and Spokane Valley’s Mirabeau Point Park.</p> <p>There is bound to be activities that you can find for your whole family, significant other, or friends to enjoy during the Summer in Spokane and surrounding areas. We hope that this helped spur some ideas. For more information go to the helpful links below:</p> <p><a href="https://www.visitspokane.com/things-to-do/free-things-to-do/">https://www.visitspokane.com/things-to-do/free-things-to-do/</a></p> <p><a href="https://www.inlander.com/spokane/hikes-every-local-should-do/Content?oid=2499601">https://www.inlander.com/spokane/hikes-every-local-should-do/Content?oid=2499601</a></p> http://naiblackblog.com/2018/06/summer-fun-in-the-pnw/feed/ 0 219 2018-06-13 22:49 +00:00 2018-06-13 17:49 -05:00 http://naiblackblog.com/?p=208 http://naiblackblog.com/2018/06/why-digitally-native-brands-realize-brick-and-mortar-is-essential-for-success/ Commercial Real Estate brick-and-mortar commercial real estate e-commerce retail Why Digitally Native Brands Realize Brick-and-Mortar is Essential for Success The argument of whether or not online retailers are affecting the retail commercial real estate industry negatively or positively has been a popular topic over the recent years. It is very likely that you’ve read an article or blog post somewhere discussing that brick-and-mortar is dying and that e-commerce is the future of retail. Is [&#8230;] Fri, 01 Jun 2018 20:56:14 Z http://naiblackblog.com/2018/06/why-digitally-native-brands-realize-brick-and-mortar-is-essential-for-success/#respond NAIBlack-Blog <p>The argument of whether or not online retailers are affecting the retail commercial real estate industry negatively or positively has been a popular topic over the recent years. It is very likely that you’ve read an article or blog post somewhere discussing that brick-and-mortar is dying and that e-commerce is the future of retail. Is this true? Stephen Pohl of NAI Black recently attended ICSC RECon in Las Vegas among a few of our other brokers and listened to Michael Beckerman, Founder and CEO of the News Funnel, and Brendan Wallace, Co-Founder and Managing Partner of Fifth Wall Ventures speak about digitally native brands expanding to brick-and-mortar. Since 2012, the number of new stores being opened by digitally native brands has grown in excess of 100% annually. It seems as though brands that are trying to be strictly digital, still need a brick-and-mortar presence to be truly successful.</p> <p>Although it is true that e-commerce is rapidly growing right now, far more than brick-and-mortar, 90% of retail dollars are still being spent at brick-and-mortar stores. According to a U.S. Department of Commerce census, the total amount of retail dollars spent in the 1<sup>st</sup> quarter of 2018 compared to the 1<sup>st</sup> quarter of 2017 only increased by 4.5%. A recent census study also shows that retail sales for the 1st quarter of this year were at $1,306,692M and of that only $123,672M came from e-commerce sales. That is roughly 10% of American retail dollars being spent on e-commerce sales. The amount of money being spent at brick-and-mortar is still substantially more than e-commerce.</p> <p>On top of the fact that 90% of the American dollars spent on retail sales are still coming from brick-and-mortar sales, there are many other benefits to the physical shopping experience. It is still important to consumers that they are able to try on and experience products in person before purchasing. They want to know exactly how it looks, feels and functions. Being able to do this in person strengthens the trust between the brand and customer.</p> <p>Having a physical location can serve as great marketing. Location is everything. Good sites will help your brand. Google also prioritizes brands that have a physical location over brands that are purely digital. Having a physical address will increase your online visibility as well.</p> <p>Brick-and-mortar retail is not dead. Modernizing brick-and-mortar stores is the key to keeping them alive. The omni-channel approach to having a physical shopping experience that complements a digital one is a great way to bring success to a brand. There are still so many reasons to have a brick-and-mortar store. Purely digital brands are only beginning to realize that now.</p> http://naiblackblog.com/2018/06/why-digitally-native-brands-realize-brick-and-mortar-is-essential-for-success/feed/ 0 208 2018-06-01 20:56 +00:00 2018-06-01 15:56 -05:00