MAXIMIZING RETURN ON LAND INVESTMENT
Texas Real Estate Business
By Stephen Schattner
When considering a land investment, the investor is faced with imperfect information. Interested parties must compare the attributes of a targeted property to all other land investment opportunities in the area and be able to quantify and relate this data to measurements such as price and size.
The evaluation of these attributes on a comparative basis impacts the prediction of current price. A proportion of variability in the data will measure how likely future outcomes are by not only the quality and quantity of the data, but also by what data is selected in the evaluation of the pricing model. This gives the investor a true gauge of market value. This is accomplished by evaluating thousands of properties and then conducting non-linear regression analysis to determine the validity of the data.
Once the data is deemed valid, an investor can project forward the demographic growth models of an area. This helps determine the development cycle. It also forecasts the inflation-adjusted price for improvement and disposition value for a multitude of land investment opportunities. The outcome will yield the best land investment opportunity that maximizes the ... Click here to read more
Wednesday, May 19, 2010
Tuesday, May 18, 2010
HARLINGEN , TX COST OF LIVING 6TH LOWEST IN US
HARLINGEN , TX COST OF LIVING 6TH LOWEST IN US
Tuesday, May 18th, 2010
Texas Border Business
The cost of living in Harlingen , Texas is the sixth lowest in the United States , according to the ACCRA Cost of Living Index released by the Council for Community and Economic Research.
The Cost of Living Index (COLI) captures data collected in 308 urban areas for the first quarter of 2010. The composite index for Harlingen was 86.1 (with 100 being the national average), meaning the cost of living in Harlingen is 13.9 percent below the national average.
The composite index is made up of six components. The components (and the index for Harlingen ) were: ... Click here to read more
Tuesday, May 18th, 2010
Texas Border Business
The cost of living in Harlingen , Texas is the sixth lowest in the United States , according to the ACCRA Cost of Living Index released by the Council for Community and Economic Research.
The Cost of Living Index (COLI) captures data collected in 308 urban areas for the first quarter of 2010. The composite index for Harlingen was 86.1 (with 100 being the national average), meaning the cost of living in Harlingen is 13.9 percent below the national average.
The composite index is made up of six components. The components (and the index for Harlingen ) were: ... Click here to read more
Manufacturing plant to open shop in Harlingen
Manufacturing plant to open shop in Harlingen
Tuesday, May 18th, 2010
Texas Border Business
Harlingen, Texas, May 12, 2010 -- HHS Rotec, LLC has announced plans to establish a manufacturing operation that could employ up to 200 people in Harlingen, Texas.
The company has leased an 80,000 square foot building in the Harlingen Industrial Park and is moving equipment valued at $2 million to begin production. The company will have 10 employees at the start of production, but has the potential to grow to 200 employees.
HHS Rotec, LLC was formed by HHS Development, LLC and Rotec Engineering USA, Inc. to manufacture panels made of polyurethane and galvanized steel for the housing market. The company has the rights to manufacture construction systems of Platinum Advanced Technologies, Inc. for energy efficient, wind storm tolerant and pest resistant housing.
HHS Rotec has expressions of intent for ...Click here to read more
Tuesday, May 18th, 2010
Texas Border Business
Harlingen, Texas, May 12, 2010 -- HHS Rotec, LLC has announced plans to establish a manufacturing operation that could employ up to 200 people in Harlingen, Texas.
The company has leased an 80,000 square foot building in the Harlingen Industrial Park and is moving equipment valued at $2 million to begin production. The company will have 10 employees at the start of production, but has the potential to grow to 200 employees.
HHS Rotec, LLC was formed by HHS Development, LLC and Rotec Engineering USA, Inc. to manufacture panels made of polyurethane and galvanized steel for the housing market. The company has the rights to manufacture construction systems of Platinum Advanced Technologies, Inc. for energy efficient, wind storm tolerant and pest resistant housing.
HHS Rotec has expressions of intent for ...Click here to read more
Wednesday, May 12, 2010
McAllen Listed in the 20 Cities Surviving the Recession
May 12, 2010 by High Def
Filed under Featured, News/Editorial
McAllen, Texas
This area includes Mission and Edinburg. Like the rest of the metro areas in Texas, McAllen is showing promise for the future. Employment growth has happened even during the recession, and there is demand for technology and business professionals. Service industries are also doing reasonably well in McAllen.
Click here to read full article
What Kind of Auction is Right for Your Commercial Property?
A common question posed by property owners is whether an auction or sealed bid is appropriate for the property(or properties) they wish to sell. While both sales are actually “auctions” they are differentiated by the availability of bidding activity on the date of the sale.
When people think about auctions they envision participants openly bidding against one another, with each subsequent bid higher than the previous bid. An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed. In some cases a maximum bid might be left with the auctioneer, who may bid on behalf of the bidder according to the bidder's instructions. The auction ends when no participant is willing to bid further, at which point the highest bidder is the winner. Alternatively, if the seller has set a minimum sale price in advance (the “reserve” price) and the final bid does not reach that price the property remains unsold. Sometimes the auctioneer sets a minimum amount by which the next bid must exceed the current highest bid. The most significant distinguishing factor ...
Click here to read more
When people think about auctions they envision participants openly bidding against one another, with each subsequent bid higher than the previous bid. An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed. In some cases a maximum bid might be left with the auctioneer, who may bid on behalf of the bidder according to the bidder's instructions. The auction ends when no participant is willing to bid further, at which point the highest bidder is the winner. Alternatively, if the seller has set a minimum sale price in advance (the “reserve” price) and the final bid does not reach that price the property remains unsold. Sometimes the auctioneer sets a minimum amount by which the next bid must exceed the current highest bid. The most significant distinguishing factor ...
Click here to read more
NAI Global Forms Joint Venture with Chesterfield Faring Ltd. To Assist Clients with Restructurings
NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, and Chesterfield Faring Ltd., a leading real estate restructuring group, today announced a joint venture to assist clients in need of financial restructurings.
NAI Chesterfield Capital Advisors LLC, provides financial restructuring advisory services critical to REO and distressed property sales for any bank owner, investor or corporate space user. Working with NAI members across North America, the new joint venture will quickly expand its offerings through NAI’s global network to provide services to both lenders and borrowers worldwide. Already active in the loan sale, REO disposition, receivership and asset management sectors, the addition of this expanded loan restructuring capability enhances the scope of NAI Global’s Special Asset Solutions Group.
“As the economic crisis that gripped the world for the past two years winds down, NAI is actively working with distressed real estate assets, representing both lenders and borrowers seeking to restructure their debt,” said Jeffrey M. Finn, President & CEO of NAI Global. “In partnership with NAI Chesterfield, we’ll be able to further enhance our Special Asset Solutions service offering for both sides of the sector as the market continues to strengthen.”
“The value for Chesterfield is the ability to ... Click here to read more
NAI Chesterfield Capital Advisors LLC, provides financial restructuring advisory services critical to REO and distressed property sales for any bank owner, investor or corporate space user. Working with NAI members across North America, the new joint venture will quickly expand its offerings through NAI’s global network to provide services to both lenders and borrowers worldwide. Already active in the loan sale, REO disposition, receivership and asset management sectors, the addition of this expanded loan restructuring capability enhances the scope of NAI Global’s Special Asset Solutions Group.
“As the economic crisis that gripped the world for the past two years winds down, NAI is actively working with distressed real estate assets, representing both lenders and borrowers seeking to restructure their debt,” said Jeffrey M. Finn, President & CEO of NAI Global. “In partnership with NAI Chesterfield, we’ll be able to further enhance our Special Asset Solutions service offering for both sides of the sector as the market continues to strengthen.”
“The value for Chesterfield is the ability to ... Click here to read more
Tuesday, May 11, 2010
2 New 2010 Publications: International Property Guide & Global Property Prices and Trends
Here at NAI Rio Grande Valley we have the knowledge and expertise to assist you wherever your needs may be.
Both publications are now available for download please click here to download your copy today!
The 2010 International Property Guide provides insight into key local business customs and practices for 60 countries around the world. The 2010 Global Property Prices & Trends report highlights key demographic data along with current rental rates and investment yields for 130 global markets.
Monday, May 3, 2010
NAI RGV's May 3, 2010 Spotlight
View the NAI Rio Grande Valley's Spotlight to stay current on any and everything relating to commercial real estate in the Rio Grande Valley.
Click here to view the May 3 NAI Rio Grande Vally Spotlight
Click here to view the May 3 NAI Rio Grande Vally Spotlight
NAI RGV Launches New Web Site!
Hats off to the new NAI Rio Grande Valley Web Site! Check out NAI RGV's new look at http://www.nairgv.com/
NAI Rio Grande Valley advises it's customers and clients on how to maximize the value of their assets and utilize real estate to their long term advantage through comprehensive and strategic planning, execution and management.
NAI Rio Grande Valley professionals arrange the sale or lease of land, office, industrial and commercial real estate. We have a proven track record and have considerable expertise in envisioning how to convert raw land into revenues.
NAI Rio Grande Valley is also a service bureau for data gathering, research assistance, interpretation, and expert analysis on a variety of regional, economic and demographic issues. It seeks to provide an array of other services including market research, feasibility studies, project management, and real estate entitlements.
Because of our proximity to the Mexico border, close ties to the business community in Mexico and a proven understanding of the unique economics of the U.S. - Mexico border area, NAI Rio Grande Valley is able to provide services to both international and domestic clientele.
Friday, April 30, 2010
BASS PRO SHOPS TO OPEN SUPERSTORE IN HARLINGEN, TEXAS
News Release
BASS PRO SHOPS ANNOUNCES PLANS TO OPEN A DESTINATION OUTDOOR SUPERSTORE IN HARLINGEN, TEXAS
Harlingen, TX—April 30, 2010--Bass Pro Shops, America’s most popular outdoor store, continues its retail growth with the announcement they will open their 57th destination outdoor superstore in Harlingen, Texas. The store will be from 130,000 to 150,000 square feet and will be the signature anchor for the Cameron Crossing retail development to be located at intersection of U.S. Expressways 83 and 77. The store is tentatively scheduled to open late second quarter or early third quarter 2011.
“There is no other retailer in America like Bass Pro Shops,” stated Harlingen Mayor Chris Boswell. “Their one-of-a-kind destination retail stores attract an average of 3 million people a year to each store. Typically, when Bass Pro Shops comes to a city they attract more businesses which create more jobs, more taxes and a better community. We are thrilled they chose to be a part of our great city.”
The decision by Bass Pro Shops was the result of over two years of efforts by the Harlingen City Commission, the Harlingen Economic Development Corporation and the developers of Cameron Crossing. “Harlingen is the perfect location from which to serve South Texas and northern Mexico,” according to Armando Elizarde, president of the Harlingen EDC. “Cameron Crossing, with Bass Pro Shops as the anchor, will transform Harlingen,” Elizarde concluded.
Bass Pro Shops stores are a combination of museum, art gallery, aquarium, outdoor education, conservation and entertainment. Each store is uniquely themed to the region in which they are located so that no two stores are alike.
“We are excited about locating one of our Outdoor World destination stores in the Rio Grande Valley to better serve our many customers in the region,” said Bass Pro Shops founder Johnny Morris. “Harlingen is a terrific regional location for a store that will highlight the great heritage and outdoor traditions of the families and visitors to the area.”
The Harlingen store will offer outdoor enthusiasts 3 ½ football fields of shopping excitement with the area’s largest selection of equipment and clothing for hunting, fishing, hiking, backpacking, wildlife viewing, camping, outdoor cooking and more. A gift and nature center will also serve up a wide variety of outdoor-related items from lamps and dishes to bird feeders and furniture.
An expansive boat showroom will feature Tracker, Nitro, Mako and SunTracker boats built by Tracker Marine Group—the world’s largest manufacturer of fishing boats. A boat service center will also be available.
Unique exterior and interior motifs have branded Bass Pro Shops as visually appealing, high quality outdoor stores. The outdoors is brought indoors with massive log and rock work, large aquariums and water features stocked with native fish species, along with an extensive collection of museum quality fish and wildlife exhibits. Historic photos, artifacts, and memorabilia will pay tribute to the Rio Grande Valley’s great outdoors heritage.
Award-winning in their concept and design, Bass Pro Shops retail stores are rated as top tourist destinations. Well over 100 million people visit their stores annually. Widely recognized for their efforts in conservation and outdoor education, Bass Pro Shops stores also offer Outdoor Skills Workshops for adults, kids and families.
Bass Pro Shops, known for hiring associates that have a passion for the outdoors, is expected to employ approximately 300 people, many of whom will come from the local region. Employment information is available in the career opportunities section of www.basspro.com
About Bass Pro Shops Group:
Bass Pro Shops Group-56 retail stores in 26 states and Canada visited by over 100 million people annually, international catalog and internet retailing, American Rod & Gun wholesale division selling to over 7,000 independently owned retail stores worldwide, Outdoor World Incentives also selling Bass Pro Shops gift cards through over 132,000 retail outlets across America and a restaurant division with 26 locations.
For more information regarding Bass Pro Shops store locations, products or special events, please visit http://www.basspro.com/. To request a free catalog call 1-800-BASS PRO.
Tracker Marine Group – Manufactures and sells Tracker, Nitro, SunTracker, Tahoe, Grizzly, and Mako boats through Bass Pro Shops retail stores and over 400 dealers worldwide. For more information go to www.trackermarine.com.
Resort Group – Big Cedar Lodge and other resort properties including restaurants and golf course. For more information go to www.big-cedar.com, www.bigcedarwildernessclub.com, or www.dogwoodcanyon.com
Contact: Larry Whiteley (417) 873-5022 lwhiteley@basspro.com
Katie Mitchell (417) 873-5618 kamitchell@basspro.com
Jenna Kendall (417) 873-5059 jmkendall@basspro.com
Bill Martin (956) 245-1303 bmartin@harlingenedc.com
--end--
BASS PRO SHOPS ANNOUNCES PLANS TO OPEN A DESTINATION OUTDOOR SUPERSTORE IN HARLINGEN, TEXAS
Harlingen, TX—April 30, 2010--Bass Pro Shops, America’s most popular outdoor store, continues its retail growth with the announcement they will open their 57th destination outdoor superstore in Harlingen, Texas. The store will be from 130,000 to 150,000 square feet and will be the signature anchor for the Cameron Crossing retail development to be located at intersection of U.S. Expressways 83 and 77. The store is tentatively scheduled to open late second quarter or early third quarter 2011.
“There is no other retailer in America like Bass Pro Shops,” stated Harlingen Mayor Chris Boswell. “Their one-of-a-kind destination retail stores attract an average of 3 million people a year to each store. Typically, when Bass Pro Shops comes to a city they attract more businesses which create more jobs, more taxes and a better community. We are thrilled they chose to be a part of our great city.”
The decision by Bass Pro Shops was the result of over two years of efforts by the Harlingen City Commission, the Harlingen Economic Development Corporation and the developers of Cameron Crossing. “Harlingen is the perfect location from which to serve South Texas and northern Mexico,” according to Armando Elizarde, president of the Harlingen EDC. “Cameron Crossing, with Bass Pro Shops as the anchor, will transform Harlingen,” Elizarde concluded.
Bass Pro Shops stores are a combination of museum, art gallery, aquarium, outdoor education, conservation and entertainment. Each store is uniquely themed to the region in which they are located so that no two stores are alike.
“We are excited about locating one of our Outdoor World destination stores in the Rio Grande Valley to better serve our many customers in the region,” said Bass Pro Shops founder Johnny Morris. “Harlingen is a terrific regional location for a store that will highlight the great heritage and outdoor traditions of the families and visitors to the area.”
The Harlingen store will offer outdoor enthusiasts 3 ½ football fields of shopping excitement with the area’s largest selection of equipment and clothing for hunting, fishing, hiking, backpacking, wildlife viewing, camping, outdoor cooking and more. A gift and nature center will also serve up a wide variety of outdoor-related items from lamps and dishes to bird feeders and furniture.
An expansive boat showroom will feature Tracker, Nitro, Mako and SunTracker boats built by Tracker Marine Group—the world’s largest manufacturer of fishing boats. A boat service center will also be available.
Unique exterior and interior motifs have branded Bass Pro Shops as visually appealing, high quality outdoor stores. The outdoors is brought indoors with massive log and rock work, large aquariums and water features stocked with native fish species, along with an extensive collection of museum quality fish and wildlife exhibits. Historic photos, artifacts, and memorabilia will pay tribute to the Rio Grande Valley’s great outdoors heritage.
Award-winning in their concept and design, Bass Pro Shops retail stores are rated as top tourist destinations. Well over 100 million people visit their stores annually. Widely recognized for their efforts in conservation and outdoor education, Bass Pro Shops stores also offer Outdoor Skills Workshops for adults, kids and families.
Bass Pro Shops, known for hiring associates that have a passion for the outdoors, is expected to employ approximately 300 people, many of whom will come from the local region. Employment information is available in the career opportunities section of www.basspro.com
About Bass Pro Shops Group:
Bass Pro Shops Group-56 retail stores in 26 states and Canada visited by over 100 million people annually, international catalog and internet retailing, American Rod & Gun wholesale division selling to over 7,000 independently owned retail stores worldwide, Outdoor World Incentives also selling Bass Pro Shops gift cards through over 132,000 retail outlets across America and a restaurant division with 26 locations.
For more information regarding Bass Pro Shops store locations, products or special events, please visit http://www.basspro.com/. To request a free catalog call 1-800-BASS PRO.
Tracker Marine Group – Manufactures and sells Tracker, Nitro, SunTracker, Tahoe, Grizzly, and Mako boats through Bass Pro Shops retail stores and over 400 dealers worldwide. For more information go to www.trackermarine.com.
Resort Group – Big Cedar Lodge and other resort properties including restaurants and golf course. For more information go to www.big-cedar.com, www.bigcedarwildernessclub.com, or www.dogwoodcanyon.com
Contact: Larry Whiteley (417) 873-5022 lwhiteley@basspro.com
Katie Mitchell (417) 873-5618 kamitchell@basspro.com
Jenna Kendall (417) 873-5059 jmkendall@basspro.com
Bill Martin (956) 245-1303 bmartin@harlingenedc.com
--end--
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