News Feeds (RSS) http://naiblackblog.com/?p=132 http://naiblackblog.com/2017/10/have-you-set-your-real-estate-investment-goals-for-2018/ Commercial Real Estate Property Management Have You Set Your Real Estate Investment Goals for 2018? I was recently talking with a young real estate investor about his long term investing goals.  He shared with me that his long term goal was to acquire residential rental properties that would generate him $4,000 per month in cash flow.  He said that he was not concerned about long term appreciation or what his [&#8230;] Tue, 17 Oct 2017 19:36:56 Z NAIBlack-Blog <div>I was recently talking with a young real estate investor about his long term investing goals.  He shared with me that his long term goal was to acquire residential rental properties that would generate him $4,000 per month in cash flow.  He said that he was not concerned about long term appreciation or what his cash on cash return was.  His main focus was on getting to the $4,000 per month cash flow goal he had set for himself.</div> <div></div> <div>That conversation reminded me of a lunch meeting I had this past summer with my friend John who is a very successful retired real estate investor. John started investing in residential rentals as a young high school teacher. He was looking for ways to make some additional income during his summers off and his father had suggested that he start investing in real estate. After purchasing a few single family rental homes John set the ambitious goal of accumulating one hundred rental units. Additionally John&#8217;s goal was to have those properties debt free by the time he retired. Over time John transitioned from his career as a high school teacher to owning his own small residential real estate company. John is now in his 70ies and enjoying  a great retirement supported by his portfolio of debt free rental properties.</div> <div></div> <div>During our lunch John jokingly shared with me that he was very disappointed that he did not reach his investing goal of acquiring one hundred rental units. He said &#8220;shucks I only made it to 93 units&#8221;. When he retired a number of years ago John did a little house cleaning with his portfolio of properties and sold off what he called the &#8220;dogs and cats&#8221;. He narrowed his portfolio down to retaining 55 units that were in the best condition and best rental locations. With assistance from his son, John and his wife still manage their rental properties. This debt free slimmed down portfolio of rental properties provides John and his wife with a very nice retirement income. You can do the math. John&#8217;s units here in Spokane, Washington are mostly single family homes, duplexes and fourplexes. They probably rent for an average of around $1,000 month. So John&#8217;s portfolio probably brings in gross rents of around $55,000 a month! Even after deducting for operating expenses this leaves John and his wife a very nice retirement income!</div> <div></div> <div>John&#8217;s goal was simple but clear. Accumulate one hundred residential rental units and get his mortgages paid off. He was not concerned about cash flow in the short term or about how much the properties appreciated over time.</div> <div></div> <div>I had the good fortune of meeting a real estate investor who became one of my mentors when I was twenty years old. His name was Frank. Frank encouraged me to set some simple goals similar to what my friend John had done. A few years later I set the goal of investing in one property every year. My focus at the time was not on cash flow but on accumulation. I wanted to accumulate a portfolio of properties. Over time I expanded that goal to working toward a portfolio of properties that would be debt free by retirement. So the simple goal of investing in one property per year and working to get my mortgages paid off. That simple goal has served me well over the years.</div> <div></div> <div>No matter where you are in your real estate investing journey it is important to set some goals to work towards. With 2018 quickly approaching now is the time to set your goals for the coming year. What do you want to accomplish in 2018? Where do you want to be when you reach retirement like John? Now is the time to plan and begin executing your real estate investing goals for the future! I wish you the best in achieving your goals!</div> <div></div> <div>Jeff K Johnson SIOR CCIM  is the author of the real estate investing book &#8220;<a href="https://www.amazon.com/Cash-Flow-Forever-Secrets-Investing/dp/1489524487/ref=sr_1_1?ie=UTF8&amp;qid=1508268918&amp;sr=8-1&amp;keywords=cash+flow+forever+book" target="_blank" rel="noopener">Cash Flow Forever</a>&#8221; which is available on Amazon.</div> 132 2017-10-17 19:36 +00:00 2017-10-17 14:36 -05:00 http://naiblackblog.com/?p=129 http://naiblackblog.com/2017/10/nai-black-brokers-opportunity-shopping-center-deal/ Commercial Real Estate NAI Black Brokers Opportunity Shopping Center Deal NAI Black recently brokered the sale of the Opportunity Shopping Center at 12109 E Sprague in the Spokane Valley. The 69,400 square foot retail building is home to Grocery Outlet and Dollar Tree and has lease opportunities available. &#160; The building sold for $5.3 million with agent Kaitlin Caudle representing the buyer, M3K LLC of [&#8230;] Fri, 13 Oct 2017 18:13:19 Z NAIBlack-Blog <p>NAI Black recently brokered the sale of the Opportunity Shopping Center at 12109 E Sprague in the Spokane Valley. The 69,400 square foot retail building is home to Grocery Outlet and Dollar Tree and has lease opportunities available.</p> <p>&nbsp;</p> <p>The building sold for $5.3 million with agent Kaitlin Caudle representing the buyer, M3K LLC of Spokane Valley. Paul Sleeth and Billy Sleeth, both of Colliers International, represented the seller.</p> <p>&nbsp;</p> <p>NAI Black also obtained the management account for the building. David Wright is the property manager. There are currently two spaces available for lease, for a combined total of approximately 15,000 square feet. For more information on leasing, please contact leasing broker Kaitlin Caudle at <a href="mailto:kcaudle@naiblack.com">kcaudle@naiblack.com</a> or 509-622-5310.</p> <p>&nbsp;</p> <p>M3K LLC is owned by investor Fred Lopez, who owns several commercial properties and businesses in the Spokane area including Edmo Distributors, Inc., Spokane Fitness Center, and The Ref. Over the years, Kaitlin Caudle has worked closely with Fred Lopez to help him reach his investment goals. NAI Black wishes Fred Lopez the best of luck with his next endeavor, and we sincerely appreciate the opportunity to continue working with him.</p> <p>&nbsp;</p> <p>We would also like to give a warm congrats to Kaitlin Caudle who made this deal happen. Kaitlin is a licensed commercial real estate broker who specializes in the leasing, sale, and development of retail investment properties. Kaitlin can be contacted at <a href="mailto:kcaudle@naiblack.com">kcaudle@naiblack.com</a> or 509-622-3510. Feel free to reach out to her and share your congratulations on a job well done!</p> <p><em>NAI Black, licensed as Black Commercial, Inc., has a long-standing reputation as the largest commercial brokerage company in Spokane, Washington. If you are interested in learning more about our services, please contact our office at 509-623-1000 or visit our </em><a href="http://www.naiblack.com/"><em>website</em></a><em>.</em></p> 129 2017-10-13 18:13 +00:00 2017-10-13 13:13 -05:00 http://naiblackblog.com/?p=122 http://naiblackblog.com/2017/10/downtown-spokane-sees-a-commercial-development-renaissance/ Spokane Business News Downtown Spokane Sees a Commercial Development Renaissance The health of any city lives and breathes with the health of the downtown core. Healthy downtowns bring in commercial development for office space, retail businesses, condominium and high density residences and are a draw for tourism. Downtown Spokane has been through several renaissance periods over the years ranging from the creation of Riverfront Park [&#8230;] Wed, 04 Oct 2017 20:13:28 Z NAIBlack-Blog <p>The health of any city lives and breathes with the health of the downtown core. Healthy downtowns bring in commercial development for office space, retail businesses, condominium and high density residences and are a draw for tourism.</p> <p>Downtown Spokane has been through several renaissance periods over the years ranging from the creation of Riverfront Park for the 1974 World&#8217;s Fair, the restoration of the Davenport Hotel in the 90&#8217;s to the current growth of the University District just East of the Division Street corridor.</p> <p>The current boom in development is a mix of brand new projects and renovations of existing property.</p> <h1><strong>RIVERFRONT PARK REDEVELOPMENT </strong></h1> <p>Riverfront Park is the crown jewel of downtown Spokane. Nearly all of the 3 million visitors to our town visit the park in some capacity. With much of the park and its attractions nearing 50 years old voters overwhelmingly approved a $64 million dollar bond to ensure that the park continues to me the center of activity for downtown. Many of the features are already under construction with a focus on a new ice ribbon, facility for the Looff Carousel, new gateway bride and eventually a redevelopment of the iconic pavilion and playground toward the North side of the park. Visit the <a href="https://my.spokanecity.org/riverfrontpark/redevelopment/"><strong>City of Spokane Riverfront Park page</strong></a> to see the master plan and progress.</p> <p><img data-attachment-id="124" data-permalink="http://naiblackblog.com/2017/10/downtown-spokane-sees-a-commercial-development-renaissance/riverfront-park-ice-ribbon/" data-orig-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?fit=981%2C473" data-orig-size="981,473" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="riverfront-park-ice-ribbon" data-image-description="" data-medium-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?fit=300%2C145" data-large-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?fit=981%2C473" class="aligncenter size-full wp-image-124" src="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?resize=981%2C473" alt="" srcset="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?resize=200%2C96 200w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?resize=300%2C145 300w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?resize=400%2C193 400w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?resize=600%2C289 600w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?resize=768%2C370 768w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?resize=800%2C386 800w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/10/riverfront-park-ice-ribbon.jpg?fit=981%2C473 981w" sizes="(max-width: 981px) 100vw, 981px" data-recalc-dims="1" /></p> <h1><strong>THE M BUILDING (FORMERLY THE BON MARCHE BUILDING)</strong></h1> <p><em>From NAC Architecture page</em> &#8211; When Macy&#8217;s closed their landmark downtown Spokane store in March of 2016, the community was genuinely concerned about the future of the 370,000-square-foot building and the gap it could leave in downtown&#8217;s vitality. Fortunately, Centennial Properties purchased the 1914 building with the vision of capitalizing on trends that favor downtown living and specialty retail. NAC&#8217;s design preserves the historic east side of the building, while incorporating a more contemporary response to the immediate surroundings on the non-historic facades. The first two floors will be retail, with 105 apartments on floors three through nine that will feature set-back balconies. With the community enthusiastically observing and the downtown economy poised to benefit, the effort is moving at a blistering pace. See <a href="http://www.nacarchitecture.com/portfolio/TheM.html"><strong>renderings of The M building on NAC Architecture&#8217;s website</strong></a></p> <p><img data-attachment-id="126" data-permalink="http://naiblackblog.com/2017/10/downtown-spokane-sees-a-commercial-development-renaissance/spokane-m-building-downtown/" data-orig-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?fit=940%2C509" data-orig-size="940,509" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="spokane-m-building-downtown" data-image-description="" data-medium-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?fit=300%2C162" data-large-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?fit=940%2C509" class="aligncenter size-full wp-image-126" src="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?resize=940%2C509" alt="" srcset="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?resize=200%2C108 200w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?resize=300%2C162 300w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?resize=400%2C217 400w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?resize=600%2C325 600w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?resize=768%2C416 768w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?resize=800%2C433 800w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-m-building-downtown.jpg?fit=940%2C509 940w" sizes="(max-width: 940px) 100vw, 940px" data-recalc-dims="1" /></p> <h1><strong>RIDPATH HOTEL RESTORATION</strong></h1> <p>Once a former hot spot and iconic hotel, the Ridpath saw serious decline in the90&#8217;s and was eventually closed in 2008. After a decade of being a downtown eyesore the building is now under 100% local ownership (Ron Wells Group LLC) and construction has begun on a $7.7 million dollar renovation will include retail on the main floor, a rooftop restaurant owned by Jeremy Hansen of Sante and 147 micro and studio apartments. <a href="http://naiblackblog.com/2017/06/nai-black-to-manage-a-portion-of-the-ridpath-club-apartments/"><strong>NAI Black has been tapped to manage a portion of the Ridpath Club Apartments.</strong></a></p> <div id="attachment_73" style="max-width: 915px" class="wp-caption aligncenter"><img data-attachment-id="73" data-permalink="http://naiblackblog.com/2017/06/nai-black-to-manage-a-portion-of-the-ridpath-club-apartments/ridpath_render1/" data-orig-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?fit=905%2C775" data-orig-size="905,775" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;resized_images&quot;:&quot;Array&quot;}" data-image-title="Ridpath Club Apartments Spokane" data-image-description="" data-medium-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?fit=300%2C257" data-large-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?fit=905%2C775" class="size-full wp-image-73" src="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?resize=905%2C775" alt="" srcset="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?resize=200%2C171 200w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?resize=300%2C257 300w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?resize=400%2C343 400w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?resize=600%2C514 600w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?resize=768%2C658 768w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?resize=800%2C685 800w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/06/ridpath_render1.jpg?fit=905%2C775 905w" sizes="(max-width: 905px) 100vw, 905px" data-recalc-dims="1" /><p class="wp-caption-text">Image from Wells and Company</p></div> <h1><strong>EAST SPRAGUE AND THE U DISTRICT</strong></h1> <p>Over the last decade Spokane has seen significant growth just East of downtown near the Gonzaga campus. The influx of students to Gonzaga University and the addition of satellite campuses for Whitworth, Eastern Washington University, Washington State University and University of Washington Medical has caused significant demand for residential and retail space. In March the city broke ground on a new <a href="http://www.krem.com/news/local/spokane-county/city-breaks-ground-on-new-university-district-bridge/422076361"><strong>$8 million dollar University District Gateway Bridge</strong></a> that will connect the U District and the new development happening on East Sprague.</p> <p><img data-attachment-id="125" data-permalink="http://naiblackblog.com/2017/10/downtown-spokane-sees-a-commercial-development-renaissance/spokane-gateway-bridge-downtown/" data-orig-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?fit=840%2C473" data-orig-size="840,473" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="spokane-gateway-bridge-downtown" data-image-description="" data-medium-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?fit=300%2C169" data-large-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?fit=840%2C473" class="aligncenter size-full wp-image-125" src="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?resize=840%2C473" alt="" srcset="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?resize=200%2C113 200w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?resize=300%2C169 300w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?resize=400%2C225 400w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?resize=600%2C338 600w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?resize=768%2C432 768w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?resize=800%2C450 800w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/10/spokane-gateway-bridge-downtown.jpg?fit=840%2C473 840w" sizes="(max-width: 840px) 100vw, 840px" data-recalc-dims="1" /></p> <h1><strong>ADDITIONAL GROWTH AND DEVELOPMENT</strong></h1> <p>In addition to these highlighted projects there is continued development of residential, commercial and retail on the 77 acre Kendall Yards site along the Spokane river. Recent projects include a Providence medical center and a new grocery store called My Fresh Basked. Walt Worthy opened the magnificent and expansive Davenport Grand and two residential towers are proposed on the old YWCA land near Riverfront Park. Renovation also continues in many downtown historic buildings (i.e. Bennett Block, Cutter Tower, Huppins Building, Dania Building and more).</p> <p>NAI Black agents are working hard for clients to place them in many of upcoming commercial properties. Contact one of <a href="http://www.naiblack.com/contact-us.aspx"><strong>our Spokane commercial agents</strong></a> today to see what is available for you.</p> 122 2017-10-04 20:13 +00:00 2017-10-04 15:13 -05:00 http://naiblackblog.com/?p=119 http://naiblackblog.com/2017/09/voting-is-open-for-spokane-mayors-urban-design-awards/ Spokane Business News Voting is Open for Spokane Mayor’s Urban Design Awards 2017 marks 10 years the City of Spokane has been celebrating the Spokane Mayor&#8217;s Urban Design Awards. These biennial awards highlight the importance of creative thought, technical proficiency, and the relationship of good urban design to our city&#8217;s economic health and overall well-being. Mayor Condon will announce the awards; and award winners will receive a [&#8230;] Fri, 29 Sep 2017 17:38:44 Z http://naiblackblog.com/2017/09/voting-is-open-for-spokane-mayors-urban-design-awards/#respond NAIBlack-Blog <p>2017 marks 10 years the City of Spokane has been celebrating the <a href="https://my.spokanecity.org/news/stories/2017/06/01/announcing-spokane-mayors-urban-design-awards-call-for-entries/"><strong>Spokane Mayor&#8217;s Urban Design Awards.</strong></a> These biennial awards highlight the importance of creative thought, technical proficiency, and the relationship of good urban design to our city&#8217;s economic health and overall well-being. Mayor Condon will announce the awards; and award winners will receive a certificate of recognition and have their projects displayed on the city&#8217;s website as well as on the third floor of City Hall.</p> <p>These awards are intended to build a city-wide awareness of and discussion about how good design, as part of thoughtful city planning, makes Spokane a more functional, beautiful, and inspiring city to live in.</p> <p>From the City Website &#8211;</p> <p><strong> Why does urban design of the public realm matter?</strong></p> <p>The design of our public realm matters because we collectively own these spaces. The public realm includes features that everyone can see or access, and they shape people&#8217;s opinions about Spokane and whether it&#8217;s a good city to live in, work in, or visit.</p> <p>How a building meets the street matters, the materials used matter, and the scale of spaces and buildings matter. All of these aspects and many more affect Spokane&#8217;s character and aesthetics. It has been proven that better designed streetscapes and public spaces typically have less crime, higher pedestrian activity and increased economic activity. You do not have to be an urban designer to know when you are in a well-designed place because they feel good, they are places where memories are made, and they are places we want to come back to and that matters.</p> <p>Previous winners include</p> <p>Centennial Trail</p> <p>Spokane Tribal Gathering Place (Huntington Park)</p> <p>McKinstry Building</p> <p>Spokane Public Market</p> <p>Riverpoint Campus Master Plan.</p> <p>To see and vote for this year&#8217;s nominees visit the <a href="https://form.jotform.us/72406622352147"><strong>Spokane City Website.</strong></a></p> http://naiblackblog.com/2017/09/voting-is-open-for-spokane-mayors-urban-design-awards/feed/ 0 119 2017-09-29 17:38 +00:00 2017-09-29 12:38 -05:00 http://naiblackblog.com/?p=116 http://naiblackblog.com/2017/09/nai-black-is-a-proud-sponsor-of-beyond-pink/ People Spotlight NAI Black is a Proud Sponsor of Beyond Pink One in eight women will be diagnosed with invasive breast cancer in their lifetime. Beyond Pink is the result of two women who wanted to celebrate the technology called Thermography and its powerful ability to aid in the early detection of breast disease. Their goal, was not just to raise awareness, but to help provide [&#8230;] Wed, 27 Sep 2017 17:31:04 Z http://naiblackblog.com/2017/09/nai-black-is-a-proud-sponsor-of-beyond-pink/#respond NAIBlack-Blog <p>One in eight women will be diagnosed with invasive breast cancer in their lifetime. Beyond Pink is the result of two women who wanted to celebrate the technology called Thermography and its powerful ability to aid in the early detection of breast disease. Their goal, was not just to raise awareness, but to help provide funding for women who could not otherwise afford this potentially lifesaving procedure.</p> <p>Each year the Beyond Pink team hosts a &#8220;fun raiser&#8221; to bring awareness to the Thermography technology and raise money for patients who are unable to afford the procedure. The designer bra fashion show and auction is not only fun but it is a unique way to contribute to a great cause. Beyond Pink has been voted Spokane&#8217;s #1 charity event and is an annual favorite of NAI Black.</p> <p>We are proud to support this cause and encourage you to get your tickets. The event sells out every year. <a href="http://www.beyondpink.net/"><strong>Visit the Beyond Pink website</strong></a> to learn more and buy your tickets for the October 13 main event.</p> http://naiblackblog.com/2017/09/nai-black-is-a-proud-sponsor-of-beyond-pink/feed/ 0 116 2017-09-27 17:31 +00:00 2017-09-27 12:31 -05:00 http://naiblackblog.com/?p=108 http://naiblackblog.com/2017/09/nai-black-broker-negotiates-multi-tenant-deal-for-former-albertsons/ Commercial Real Estate NAI Black Broker Negotiates Multi-Tenant Deal for Former Albertsons When the Albertsons on the corner of Northwest Blvd and Ash in North Spokane went vacant many residents expressed concern. Soon after the property became a haven for transients and received multiple complaints about drug use, lewd behavior and other illegal activity.   NAI Black brokers are not just in the business of leasing and [&#8230;] Tue, 19 Sep 2017 21:09:16 Z http://naiblackblog.com/2017/09/nai-black-broker-negotiates-multi-tenant-deal-for-former-albertsons/#respond NAIBlack-Blog <p class="Default"><span style="font-size: 10.0pt;">When the Albertsons on the corner of Northwest Blvd and Ash in North Spokane went vacant many residents expressed concern. Soon after the property became a haven for transients and received multiple complaints about drug use, lewd behavior and other illegal activity.</span></p> <div id="attachment_109" style="max-width: 1034px" class="wp-caption aligncenter"><img data-attachment-id="109" data-permalink="http://naiblackblog.com/2017/09/nai-black-broker-negotiates-multi-tenant-deal-for-former-albertsons/srx_building_001_tt/" data-orig-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?fit=4250%2C2825" data-orig-size="4250,2825" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;SR&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Officer Traci Douglas patrols the parking lot of a vacant building on Wednesday, Oct. 17, 2012, in Spokane, Wash. Neighbors have complained that transients are hanging around the building&#039;s loading dock. TYLER TJOMSLAND tylert@spokesman.com&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;SRX_BUILDING_001_TT&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="SRX_BUILDING_001_TT" data-image-description="" data-medium-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?fit=300%2C199" data-large-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?fit=1024%2C681" class="size-large wp-image-109" src="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?resize=1024%2C681" alt="" srcset="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?resize=200%2C133 200w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?resize=300%2C199 300w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?resize=400%2C266 400w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?resize=600%2C399 600w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?resize=768%2C510 768w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?resize=800%2C532 800w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?resize=1024%2C681 1024w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?resize=1200%2C798 1200w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?w=2200 2200w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?w=3300 3300w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/abandoned-albertsons.jpg?fit=4250%2C2825 4250w" sizes="(max-width: 1024px) 100vw, 1024px" data-recalc-dims="1" /><p class="wp-caption-text">Abandoned Albertsons was once a source for community problems</p></div> <p class="Default"><span style="font-size: 10.0pt;"> </span></p> <p class="Default"><span style="font-size: 10.0pt;">NAI Black brokers are not just in the business of leasing and selling commercial property. They are residents and concerned citizens who work their best to bring positive change to abandoned or deteriorating buildings. </span></p> <p class="Default"><span style="font-size: 10.0pt;"> </span><span style="font-size: 10.0pt;">Managing Broker Chris Bell, SIOR, recently worked with the owners of the abandoned Albertsons building to bring about positive change to the community. Working with such a large retail space and parcel of property can have its challenges. Not many businesses need the space that a grocer would need. Opportunity arose when multiple tenant negotiations began and there was demand for various portions of the property. In all Bell was able to bring four tenants onto the property. This multi-tenant approach means more appeal to residents and increased long term security for the area. Gone are the transients, drug use and complaints as progress continues in the area.</span></p> <p>&nbsp;</p> <div id="attachment_110" style="max-width: 810px" class="wp-caption aligncenter"><img data-attachment-id="110" data-permalink="http://naiblackblog.com/2017/09/nai-black-broker-negotiates-multi-tenant-deal-for-former-albertsons/planet-fitness-spokane/" data-orig-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?fit=800%2C600" data-orig-size="800,600" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="planet-fitness-spokane" data-image-description="" data-medium-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?fit=300%2C225" data-large-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?fit=800%2C600" class="size-full wp-image-110" src="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?resize=800%2C600" alt="" srcset="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?resize=200%2C150 200w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?resize=300%2C225 300w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?resize=400%2C300 400w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?resize=600%2C450 600w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?resize=768%2C576 768w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/planet-fitness-spokane.jpg?fit=800%2C600 800w" sizes="(max-width: 800px) 100vw, 800px" data-recalc-dims="1" /><p class="wp-caption-text">Planet Fitness and Goodwill will be primary tenants</p></div> <p class="Default"><span style="font-size: 10.0pt;"> </span><span style="font-size: 10.0pt;">The main building formerly occupied by Albertsons has been subdivided for use by Planet Fitness and Goodwill. A portion of the parking lot pad has been leased to Carl&#8217;s Junior fast food chain. Finally, the former gas station / convenience station will become a Wake Up Call Coffee, the local businesses eighth location.</span></p> <p>&nbsp;</p> <div id="attachment_111" style="max-width: 1034px" class="wp-caption aligncenter"><img data-attachment-id="111" data-permalink="http://naiblackblog.com/2017/09/nai-black-broker-negotiates-multi-tenant-deal-for-former-albertsons/wake-up-call-nwblvd/" data-orig-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?fit=1600%2C1066" data-orig-size="1600,1066" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="wake-up-call-nwblvd" data-image-description="" data-medium-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?fit=300%2C200" data-large-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?fit=1024%2C682" class="size-large wp-image-111" src="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?resize=1024%2C682" alt="" srcset="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?resize=200%2C133 200w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?resize=300%2C200 300w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?resize=400%2C267 400w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?resize=600%2C400 600w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?resize=768%2C512 768w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?resize=800%2C533 800w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?resize=1024%2C682 1024w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?resize=1200%2C800 1200w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/wake-up-call-nwblvd.jpg?fit=1600%2C1066 1600w" sizes="(max-width: 1024px) 100vw, 1024px" data-recalc-dims="1" /><p class="wp-caption-text">Wake Up Call Coffee and Carl&#8217;s Junior will occupy space in the parking lot</p></div> <p class="Default"><span style="font-size: 10.0pt;"> </span></p> <p class="Default"><span style="font-size: 10.0pt;">Great work, Chris! </span></p> http://naiblackblog.com/2017/09/nai-black-broker-negotiates-multi-tenant-deal-for-former-albertsons/feed/ 0 108 2017-09-19 21:09 +00:00 2017-09-19 16:09 -05:00 http://naiblackblog.com/?p=100 http://naiblackblog.com/2017/09/jack-cooper-claypool-nai-black-intern-spotlight/ People Spotlight Jack Cooper Claypool – NAI Black Intern Spotlight Jack Claypool is a senior at the University of Idaho and interned at NAI Black during the summer of 2017. He assisted the brokers in our office with various tasks and we enjoyed having him a part of our team. Here are some of Jack’s thoughts from working with NAI Black: As an intern with NAI [&#8230;] Wed, 13 Sep 2017 08:45:02 Z NAIBlack-Blog <p><img data-attachment-id="101" data-permalink="http://naiblackblog.com/2017/09/jack-cooper-claypool-nai-black-intern-spotlight/image/" data-orig-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/image-e1505328009770.png?fit=50%2C75" data-orig-size="50,75" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="image" data-image-description="" data-medium-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/image-e1505328009770.png?fit=199%2C300" data-large-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/09/image-e1505328009770.png?fit=50%2C75" class="alignleft wp-image-101" src="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/09/image.png?resize=141%2C213" alt="" data-recalc-dims="1" />Jack Claypool is a senior at the University of Idaho and interned at NAI Black during the summer of 2017. He assisted the brokers in our office with various tasks and we enjoyed having him a part of our team. Here are some of Jack’s thoughts from working with NAI Black:</p> <p>As an intern with NAI Black, I was provided with real life application that directly aligned with my education. First, I had the ability to apply classroom coursework to my internship position. Next, it was very beneficial to sit in on property management and brokerage sales meetings to understand the terminology and etiquette of the commercial real estate market. Finally, I am thankful that NAI Black provided me with a platform to learn workforce expectations and understand specific industry cultures from some of the best commercial real estate professionals in the region. I am graduating from the University of Idaho with a major in Business, and this internship was essential in my development of understanding the CRE market.</p> <p>The Review Building in downtown (on the corner of Riverside and Monroe) is my favorite building in Spokane, which was built in the late 1800s. The red pressed brick and granite that composes <img data-attachment-id="102" data-permalink="http://naiblackblog.com/2017/09/jack-cooper-claypool-nai-black-intern-spotlight/reviewbldg_t800/" data-orig-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?fit=800%2C531" data-orig-size="800,531" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Reviewbldg_t800" data-image-description="" data-medium-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?fit=300%2C199" data-large-file="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?fit=800%2C531" class=" wp-image-102 alignright" src="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?resize=262%2C174" alt="" srcset="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?resize=200%2C133 200w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?resize=300%2C199 300w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?resize=400%2C266 400w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?resize=600%2C398 600w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?resize=768%2C510 768w, https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/09/Reviewbldg_t800.jpg?fit=800%2C531 800w" sizes="(max-width: 262px) 100vw, 262px" data-recalc-dims="1" />the seven-story Romanesque tower building really brings a certain level of historic beauty to our city&#8217;s skyline.  Through my internship at NAI Black, I have grown true appreciation for these buildings.</p> <p>Thanks for being a member of our team, Jack!</p> <p>&nbsp;</p> 100 2017-09-13 08:45 +00:00 2017-09-13 03:45 -05:00 http://naiblackblog.com/?p=92 http://naiblackblog.com/2017/07/nai-black-introduces-the-new-palouse-prairie-apartments/ Property Management NAI Black Introduces the New Palouse Prairie Apartments NAI Black Property Management is thrilled to be able to bring you the Palouse Prairie Apartments on the Spokane’s South Hill; these new construction apartments have it all!  Situated at the base of Browne’s Mountain at 5805 S. Ben Burr Road, wide open spaces and great views abound.   The Craftsman style building, with luxury [&#8230;] Tue, 11 Jul 2017 15:29:53 Z http://naiblackblog.com/2017/07/nai-black-introduces-the-new-palouse-prairie-apartments/#respond NAIBlack-Blog <p><span style="font-weight: 400;">NAI Black Property Management is thrilled to be able to bring you the Palouse Prairie Apartments on the Spokane’s South Hill; these new construction apartments have it all!  Situated at the base of Browne’s Mountain at 5805 S. Ben Burr Road, wide open spaces and great views abound.  </span></p> <p><span style="font-weight: 400;">The Craftsman style building, with luxury wood plank floors and nine foot ceilings, gives you a spacious feel; as do the oversized balconies and patios. All units are equipped with a full-size washer and dryer and built in microwaves. For your convenience, all units come with a parking garage and remote. With the option of a one, two, or three-bedroom apartment home and four floor plans to choose from, you are certain to find one you love. </span></p> <p><span style="font-weight: 400;">When your home is at Palouse Prairie Apartments you get the best of both worlds; the airy feel of home and the close proximity to fun-filled activities. You are minutes away from Hangman Valley Golf Course, Regal Road Winery, Southside Family Aquatic Facility, and Prairie View Community Park.  </span></p> <p><span style="font-weight: 400;">If it is shopping or dining you are interested in there is plenty of that as well.  With a plethora of great options on the South Hill you can hit the South Hill Target and then get lunch at Rock City Grill! There also is quick and easy access to Downtown Spokane, the options are endless.</span></p> <p><span style="font-weight: 400;">The Palouse Prairie Apartments are leasing now for mid-July move-in; with the prime view units going first!</span></p> <p>Learn more, apply online and follow along on construction updates at <a href="http://www.liveatpalouse.com/">http://www.liveatpalouse.com/</a></p> <div class="fusion-image-carousel fusion-image-carousel-fixed lightbox-enabled fusion-carousel-border"><div class="fusion-carousel" data-autoplay="yes" data-columns="1" data-itemmargin="13" data-itemwidth="180" data-touchscroll="no" data-imagesize="fixed"><div class="fusion-carousel-positioner"><ul class="fusion-carousel-holder"> <li class="fusion-carousel-item"><div class="fusion-carousel-item-wrapper"><div class="fusion-image-wrapper hover-type-none"><a data-rel="iLightbox[gallery_image_1]" data-title="palouse-1-bed" href="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/palouse-1-bed-300x212.jpg" target="_self"><img src="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/07/palouse-1-bed.jpg?resize=300%2C212" alt="" data-recalc-dims="1" /></a></div></div></li> <li class="fusion-carousel-item"><div class="fusion-carousel-item-wrapper"><div class="fusion-image-wrapper hover-type-none"><a data-rel="iLightbox[gallery_image_1]" data-title="palouse-2-bed" href="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2017/07/palouse-2-bed-300x212.jpg" target="_self"><img src="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/palouse-2-bed.jpg?resize=300%2C212" alt="" data-recalc-dims="1" /></a></div></div></li> <li class="fusion-carousel-item"><div class="fusion-carousel-item-wrapper"><div class="fusion-image-wrapper hover-type-none"><a data-rel="iLightbox[gallery_image_1]" data-title="palouse-3-bed" href="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/palouse-3-bed-300x212.jpg" target="_self"><img src="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2017/07/palouse-3-bed.jpg?resize=300%2C212" alt="" data-recalc-dims="1" /></a></div></div></li> </ul><div class="fusion-carousel-nav"><span class="fusion-nav-prev"></span><span class="fusion-nav-next"></span></div></div></div></div> http://naiblackblog.com/2017/07/nai-black-introduces-the-new-palouse-prairie-apartments/feed/ 0 92 2017-07-11 15:29 +00:00 2017-07-11 10:29 -05:00 http://naiblackblog.com/?p=89 http://naiblackblog.com/2017/07/dave-black-recognized-in-the-catalyst-business-power-50-in-spokane/ People Spotlight Dave Black Recognized in the Catalyst Business Power 50 in Spokane Each year Catalyst Business magazine, a Bozzi Media Company, recognizes the 50 individuals in the Spokane area that are affecting change and hold power and influence. We are proud to announce that our very own Dave Black has once again been nominated on the list. Visit the Bozzi Media website to see the full list [&#8230;] Mon, 10 Jul 2017 15:54:22 Z http://naiblackblog.com/2017/07/dave-black-recognized-in-the-catalyst-business-power-50-in-spokane/#respond NAIBlack-Blog <p><span style="font-weight: 400;">Each year Catalyst Business magazine, a Bozzi Media Company, recognizes the 50 individuals in the Spokane area that are affecting change and hold power and influence. We are proud to announce that our very own Dave Black has once again been nominated on the list. </span></p> <p><a href="http://bozzimedia.com/power-50-2017/"><span style="font-weight: 400;">Visit the Bozzi Media website</span></a><span style="font-weight: 400;"> to see the full list of those recognized. </span></p> <p><span style="font-weight: 400;">An event celebrating the Power 50 is on July 20 at </span><a href="https://www.eventbrite.com/e/power-50-awards-tickets-35645815594"><span style="font-weight: 400;">Chateau Rive at the Four Mill.</span></a></p> <p><span style="font-weight: 400;">Dave Black started his real estate career in 1981 and became CEO of his company in 1984. He now manages more than 100 people and properties. He holds an undergraduate degree from WSU and a Master’s of Business Administration degree in Real Estate and Construction Management from the University of Denver. He sits on many boards including Greater Spokane Incorporated, the Downtown Spokane Partnership, and the Boy Scouts of America. He is a leader whether at work or play.</span></p> <p><a href="http://naiblack.com"><span style="font-weight: 400;">NAIBlack.com</span></a></p> http://naiblackblog.com/2017/07/dave-black-recognized-in-the-catalyst-business-power-50-in-spokane/feed/ 0 89 2017-07-10 15:54 +00:00 2017-07-10 10:54 -05:00 http://naiblackblog.com/?p=86 http://naiblackblog.com/2017/07/finding-real-estate-bargains/ Commercial Real Estate Finding Real Estate Bargains They say that one man&#8217;s trash is another man&#8217;s treasure. This old saying applies to real estate as well as personal property. I have found over the years that if you study the real estate market and know where to look there are always some real estate investment gems to be found. This reminds me of [&#8230;] Mon, 10 Jul 2017 08:10:14 Z http://naiblackblog.com/2017/07/finding-real-estate-bargains/#respond NAIBlack-Blog <p><span style="font-weight: 400;">They say that one man&#8217;s trash is another man&#8217;s treasure. This old saying applies to real estate as well as personal property. I have found over the years that if you study the real estate market and know where to look there are always some real estate investment gems to be found. This reminds me of the story Acres of Diamonds, which is about a man who sells his farm to travel the world and look for riches. A number of years later he returns home exhausted and broke to find that diamonds have been discovered on the farm he sold. The moral of the story is that there are bargains right in your own back yard if you just take the time to search them out.</span></p> <p><span style="font-weight: 400;">When I first entered the real estate business 40 years ago, my mentor, Frank, schooled me on where to look for single-family home real estate bargains. Frank was interested in making offers on properties where the seller needed quick cash. He instructed me to look for properties that were for sale by estates, couples getting divorced, and owners headed toward foreclosure. Through this search criteria I was able to assist Frank in acquiring many properties at bargain prices.  </span></p> <p><span style="font-weight: 400;">There are still real estate investment opportunities available today in both up and down real estate markets. Yes, there are definitely more distressed sellers in a real estate recession, but there are always real estate bargains if you put in the time and effort to search for them.</span></p> <p><span style="font-weight: 400;">The real estate investors I know who consistently find the great deals do the following. First, they have the cash or financing available to act quickly when they find a potential property. Second, they have studied the market and know the property values so they know what to pay. And third, like my lovely wife, they are great shoppers. They know how to search and hunt for the best deals in the market. All of these steps take time and effort.  </span></p> <p><span style="font-weight: 400;">The successful real estate investors I know work very hard to find, analyze, and purchase properties that end up being great deals. They are quick to act when a potential property comes along.  They are good decision makers.  Most of these investors also have a close working relationship with a knowledgeable real estate broker who knows what they are looking for and who is always on the watch for the type of properties he knows they want to purchase.</span></p> <p><span style="font-weight: 400;">Real estate bargains are found through market knowledge, hard work, connections with a knowledgeable real estate broker, and sometimes just a little bit of good luck.  I wish you the best as you search for a few of those real estate investment gems.  They are out there!  </span></p> <hr /> <p>&nbsp;</p> <p><span style="font-weight: 400;"><img data-attachment-id="83" data-permalink="http://naiblackblog.com/2017/07/there-is-no-bad-real-estate/jeff-k-johnson/" data-orig-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?fit=639%2C640" data-orig-size="639,640" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="jeff-k-johnson" data-image-description="" data-medium-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?fit=300%2C300" data-large-file="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?fit=639%2C640" class="alignleft size-medium wp-image-83" src="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?resize=300%2C300" alt="" srcset="https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?resize=66%2C66 66w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?resize=150%2C150 150w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?resize=200%2C200 200w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?resize=300%2C300 300w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?resize=400%2C401 400w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?resize=600%2C601 600w, https://i0.wp.com/naiblackblog.com/wp-content/uploads/2017/07/jeff-k-johnson.jpg?fit=639%2C640 639w" sizes="(max-width: 300px) 100vw, 300px" data-recalc-dims="1" />Jeff K Johnson is the author of the real estate investing book &#8220;Cash Flow Forever&#8221;.</span></p> <p>Jeff K. Johnson is the President of Black Commercial, Inc., one of Spokane’s largest property management and commercial real estate companies. Jeff is a licensed REALTOR® and has worked in the real estate profession since 1975.</p> <p>Jeff specializes in the sale, leasing, and development of office buildings. Much of Jeff’s work includes assisting Fortune 500 companies with the acquisition and disposition of corporate real estate. Jeff is also the managing general partner in numerous real estate investment partnerships. Prior to moving to Spokane, Jeff grew up in Iowa and attended Waldorf College in Forest City. Jeff has consistently been one of the top producing commercial real estate brokers in Spokane.</p> http://naiblackblog.com/2017/07/finding-real-estate-bargains/feed/ 0 86 2017-07-10 08:10 +00:00 2017-07-10 03:10 -05:00