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Efficiency in Building Due Diligence

The Project In early March 2015, National Property Consulting Group’s long-time client, Cabot Properties, needed due diligence services for a large industrial portfolio they were considering refinancing along with several additional properties they were considering purchasing. The portfolio was composed of 22 warehouse buildings representing nearly three-million rentable square feet -2,972,334-sf to be exact – located throughout the United States. Three Million Square Feet in Three Weeks – NPC quickly dispatched a team of engineers and architects to the 13 cities in 9 states where the 22 warehouse buildings were located. – All site visits, review of all relevant data, cost tables, and reports were completed within three weeks from […]

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NPC Project in the News: The Diplomat Resort & Spa

The Project In 2014, NPC was contracted by long-time client, Thayer Lodging Group, to conduct a detailed and thorough Property Condition Assessment (PCA) and Americans with Disabilities Act (ADA) survey of the Diplomat Resort & Spa. Thayer Lodging was considering purchasing the property. Located in Hollywood, Florida, the Diplomat is considered a premier resort and spa and is composed of twin 41-story towers, 998 guestrooms and suites, a 200,000 square foot convention center, spa, numerous restaurants, pools, golf course, and tennis courts.In April 2014, NPC’s team spent about a week onsite to complete an extensive evaluation of the expansive resort and grounds including all of the building systems (façade, roofing, […]

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Benjamin Bartel, NPC Group’s Partner, Named President of CREC for 2015

Over 150 commercial real estate professionals were in attendance on January 23 where Benjamin Bartel was announced as the 2015 President of the Chicago Real Estate Council (CREC). The event took place during the  2015 CREC Economic Forecast luncheon held at Maggiano’s Little Italy and featured speakers Robert Bach, Director of Research, Americas Newmark Grubb Knight Frank and Robert Kramp, Senior Vice President, Americas, Midwest and Great Lakes Regional Director at Jones Lang LaSalle. This was a joint session with the Certified Commercial Investment Member (CCIM) Chicago Chapter. Mr. Bartel (right) will be serving a one-year term and is succeeding Ms. Marianne Rivera (left), Associate Publisher with “I’ve been a member of CREC […]

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Why a Seller’s PCA is Always a Good Idea

When buying a building, you usually hire your go-to PCA consultant to review the building for you. But what about when you sell a building? Let’s say you’ve owned it for five years. You know everything about it, right? You know what is good, you know what needs to be fixed, and you also know that it is up to the buyers to find the problems on their own. But what you don’t have is the eyes of the PCA consultant and you don’t necessarily know what the buyer’s PCA consultant will make an issue of. You don’t know what that little crack in the wall will mean to the PCA consultant or you don’t […]

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CREC Industrial Market Panel Finds Reasons to be Optimistic

A panel composed of Andrew Ebbott, Chief Investment Officer, Cabot Properties; James Clewlow, Chief Investment Officer, CenterPoint Properties; and Donald Schoenheider, Vice President, City Manager and Co-Leader National Industrial Practice Group, Liberty Property Trust met on February 25 in Chicago to discuss the state of industrial markets. Over 100 commercial real estate professionals attended. Key Indicators Are Improving Market research by Colliers International and CBRE found that 2013 was the best year for industrial markets since 2007 with many indicators giving investors reasons to be optimistic: Net absorption has been positive for about four years. The national average of industrial availability went down to 11.3% during the 4th quarter of […]

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10663 Loveland-Madeira Road, #164
Loveland, OH 45140
[email protected]