Lancaster Commercial Real Estate

• 04Dec

  John Thiry, Commercial Real Estate Advisor

  CRE Blog, Industrial, Investment, Office, Retail, Universal No Comments

  Hello and welcome to Lancaster Commercial. My name is John Thiry and I am a Commercial Real Estate Advisor in Lancaster PA with NAI Commercial Partners, Inc. As a Transaction Manager, I facilitate a wide variety of commercial transactions, but focus on commercial/industrial brokerage, leasing and investment properties.

  Transaction Manager

  My role as a Transaction Manager is to assist investors and users in the acquisition, development and disposition of real estate. In practice this role can manifest in four different ways:

  

  Transaction Management Roles

  No matter which phase of a commercial real estate transaction you may be in, you can, and should be represented by a Realtor©. Our team has the training and local market experience to ensure that not only will you achieve your immediate requirements, but that you will optimize your real estate assets.

  Mission Statement

  I help companies and investors align their real estate assets with their business goals. From acquisition to leasing to disposition, I provide an effective mix of market knowledge and analytics to help optimize the real estate component of my client’s business.

  Next Steps

  Click here to try out my free property report service.

  Click here to get the details on my listings.

  

  John Thiry, NAI Commercial Partners

  John F. Thiry
  Commercial Real Estate Advisor

  NAI Commercial Partners, Inc.
  930 Red Rose Court, Suite 200
  Lancaster, PA 17601

  Office: 717-283-0600 x108
  Mobile: 717-413-1457
  Fax: 866-354-1923 (toll free)

  Email Me

  Showcase Properties
  NAI Profile
  LinkedIn Profile

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  Tags: Broker, John Thiry, Lancaster PA, NAI Commercial Partners, NAI CPI

• 08Feb

  Mixed use investment property – CAP rate rises to 11

  Investment, Retail, Universal No Comments

  Landlord increased rents on retail component and one of the multi-family units raising the monthly cash-flow to $600 and increasing the CAP Rate to 11. Looking for “recession deals” – here is one.
  APOD 2010

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• 28Jan

  The Four Secrets to Building Wealth with Investment Real Estate

  CRE Blog, Investment, Universal No Comments

  See below for John’s latest article on investment real estate tips:
  The Four Secrets to Building Wealth With Investment Real Estate

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  Tags: Investment, investment real estate, real estate investment

• 22Jan

  Outstanding Retail Potential – Restaurant Building and Car Wash For Sale

  Investment, Retail, Universal No Comments

  I am pleased to offer a valuable and rare commercial offering – namely an affordable operating car wash and new/clean restaurant building. Located in picturesque Lancaster County, PA there is tremendous upside potential to this property.
  870WMainStBrochure

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  Tags: Car Wash, For Sale, Investment, Restaurant, Retail

• 22Jan

  New Research Report

  Universal No Comments

  NAI Global Market Report – 2010

  NAI Global Market Report 2010

  This report is a comprehensive overview of US and worldwide markets presented as a courtesy to my clients and readers of LancasterCommercial.com.  There is a great deal of data and insight in this 140 page report.  Call me with any questions on interpretation or how to apply these insights to your investing goals.

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  Tags: Report, Research

• 20Jan

  Thiry quoted in Central Penn Business Journal

  CRE Blog, Investment, Retail, Universal No Comments

  from the article:

  Local real estate experts said they expect more properties to follow in 2010 as owners struggle to repay their debts. But the pickings might not be as rich as some are hoping, said John Thiry, a commercial real estate adviser for NAI Commercial Partners Inc. in East Hempfield Township, Lancaster County.

  “The common thinking is that the vultures are circling and waiting for all these properties to go to forced sales,” Thiry said. “But what’s really happening is not quite that dire.”

  Lenders are more likely to work with debtors rather than list properties at a sheriff’s sale, where they are likely to take a loss, Thiry said. Banks typically get about 60 cents on the dollar from the sale of delinquent properties, he added.

  Thiry cited Red Rose Commons, a Lancaster shopping center owned by Blue Bell-based The Goldenberg Group and Philadelphia-based Pennsylvania Real Estate Investment Trust, or PREIT. With the center facing possible foreclosure, Goldenberg and PREIT managed to refinance their debt last fall.

  “The vast majority of those distressed-debt situations are getting worked out,” Thiry said.

  Read the full article here:

  Sheriffs hold real estate keys – Central Penn Business Journal.

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  Tags: Central Penn Biz Journal, Foreclosure, Lending, Press

• 14Jan

  Increasing sales volume but prices continue to slide.

  CRE Blog, Investment, Universal No Comments

  A pair of recent reports presents mixed outlook for 2010

  A recent report by CoStar indicates an uptick in sales volume:

  “Grubb & Ellis in its annual outlook is predicting an increase in sales volume of 20% to 30% over 2009 levels. However, prices, already down 40% from their peak in October 2007, may decline another 10% to 20% in order to meet buyers’ expectations.” – CoStar – Full report.

  Loopnet cites a National Council of Real Estate Investment Fiduciaries’ NCREIF Index that corroborates the outlook of lower values in 2010:

  “Property values will continue to fall and investment returns will remain negative through 2010, according to CBRE Econometric Advisors.”  LoopNet – Full Report

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  Tags: commercial property values, economic outlook

• 29Dec

  Local Bank Consolidation – Lending Climate

  CRE Blog, Investment, Universal No Comments

  The Patriot News reports parent company of Harrisburg-based Graystone Bank to acquire First Chester County Corporation.  This action strengthens the widely held notion that Graystone Bank is currently one of the few local banks looking to do deals.  In a recent conversation, a Graystone LO recently remarked to me that “we are here and healthy” and that they are looking for deals that make sense.

  These statements highlight what I see as the current commercial lending climate in Lancaster County:  You can get financing for your commercial deal if your project pencils (debt coverage ratio greater than 1.2), you have sufficient down (20% or greater) and a track record of previous success.

  via Parent company of Harrisburg-based Graystone Bank to acquire First Chester County Corporation | Breaking Midstate News with The Patriot-News -.

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  Tags: Banks, economic outlook, Lending

• 10Dec

  Commercial Mortgage Delinquencies Climb

  CRE Blog, Investment, Universal No Comments

  Loopnet reports that:

  The delinquency rate for commercial mortgages held by four of the five major investor groups surveyed by the Mortgage Bankers Association continued their climb in the third quarter. Only Freddie Mac didn’t see an increase in delinquency. The rate for loans more than 90-days late stayed flat at 0.11%. That compares with 0.09% at the end of the first quarter and 0.01% in the third quarter a year ago. CMBS loans ended the quarter with a 4.06% delinquency

  Read Full Story

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  Tags: economic outlook, Foreclosure

• 10Dec

  New Report Available

  Retail, Universal No Comments

  John is now able to provide clients with a valuable new information tool:

  Retail Market Potential

  The Retail Market Potential report offers a comprehensive look at the number of adults or households expected to consume products or services in a variety of retail categories.  A market potential index (MPI) measures the relative likelihood of the adults or household in a specified area to exhibit certain consumer behavior compared to the U.S. average.  Retail categories include, but are not limited to, food, health, computers, beverages, travel, apparel and entertainment.

  Click here to view a sample

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  Tags: Report, Research

• 08Dec

  Commercial Leading Indicator – slight uptick, but still low

  CRE Blog, Universal No Comments

  The Commercial Leading Indicator for Brokerage Activity1 rose 0.9 percent to an index of 102.4 in the third quarter from 101.5 in the second quarter, but is 11.1 percent below a reading of 115.3 in the third quarter of 2008. The index in the second quarter was at the lowest level since the first quarter of 1994; NAR’s track of the commercial leading indicator dates back to 1990.

  via Commercial Real Estate Forecast Uncertain.

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  Tags: economic outlook, Leading Indicator, Report, Research

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