JLL Income Property Trust, a non-traded REIT managed by JLL’s LaSalle Investment Management, acquired Pioneer Tower, a 17-story, 296,329-square-foot, multi-tenant, Class A office building in the heart of Portland’s central business district. The purchase price was $121.75 million (about $411/square foot) with an estimated capitalization rate based on purchase price of 5%. The seller was General Growth Properties Inc. It is the REIT’s single…

Unico Properties sold the Commonwealth Building at 421 SW Sixth Ave. in Portland, OR to KBS Capital Advisors on behalf of its KBS Growth & Income REIT for $69 million, or about $319 per square foot. Originally built in 1948, the 15-story, 216,099-square-foot office building was completely renovated in 2015. It features flexible creative office layout, rooftop amenity deck, conference facilities, tenant lounge, bicycle storage and on-site fitness…

There can be little debate about the fact that real estate investing has produced innumerable millionaires over the decades. But, some folks are aiming for modest profits, and really just need a bit of advice on getting started locally. If you need this type of advice, stay tuned.

Always do your research, check out locations, and know about the market that you are getting into. Select a location, pick out a number of properties, and then go inspect and compare them. Things to list include current pricing, projected rent earnings, and repair budgets. This will help you figure out which deals are the best.

Surround yourself with others who share your passion for real estate. Real estate investing is a popular field. It is so popular that there are community groups about it. If you cannot find a location near you, simply look online for forums and communities. Speak with people that are interested in this topic.

When making a financial plan, you need to make certain you have thought of all of the related expenses. You also need to factor in costs for closing, staging and legal matters. When coming up with your profit margins, think about every possible cost then include them in the line item list.

Location is a vital aspect of real estate investing. Many of the other factors, such as property condition can be changed. Properties that are in areas that are depreciating fast will generally make a bad investment choice. Taking your time to research the area the house is located in can help your investment to be successful.

Try to invest in real estate in locations that are in-demand. This is vital since it increases the resale value of the property. It’s also a good idea to look for properties that don’t have high maintenance requirements.

Factor in how able you are to rent a home that you’re buying so you can figure out its worth. Rental income can be quite substantial. You can still sell the home when you’re ready and make a nice profit.

Educate yourself on the basics of investing in real estate prior to spending your hard earned money. Errors in this field can be extremely costly. Investing in the training needed is something you should do to be sure you’re protected.

If you plan to rent a property, use caution when selecting a tenant. The prospective tenant needs to be able to afford both rent for the first month as well as a deposit. If they are not able to get the cash together, chances are, they will also fall behind on their rent. Find another renter.

Don’t go too far into your personal finances for your investments. When you invest in real estate, you’ll often not be able to access the money for a while. However, over time you will make a lot of money.

You never want your investments in real estate to start draining your liquid cash reserve. Investing in real estate means that you won’t be able to access a lot of money for a while, and the returns can stretch for many years. You don’t want to mess up your daily life by tying up the wrong funds.

Real estate investments shouldn’t take up lots of your time with managerial duties. Your time is money; you would not want to waste it. Vacation rentals are something you will want to avoid. You want to choose investment properties that have a solid history of tenancy.

Don’t spend every last dime you have in order to get a particular piece of property. You need to make smart business decisions which leaves you with reserve cash within your portfolio so that you can handle any unexpected expenses. If you don’t, you will eventually get yourself in trouble.

Never allow real estate investing to deplete your personal reserves. Investing in real estate can involve tying up large amounts of money for a long period of time. Don’t invest in real estate at the expense of daily living.

Make certain to have the property inspected before purchase and plan on investing money into those repairs. Should you want to sell, that means anything you do prior to the sale needs to be evaluated. If you are going to rent out the property, you also have to factor in a budget for maintenance. Always pad your anticipated expenses a bit to plan for the unexpected.

Make certain that you can afford the mortgage on any property you purchase. If you’re renting a property, try to still meet the mortgage payments every month even if there are a couple empty units. Relying on rental payment solely to pay off the mortgage is not smart.

Are property values increasing in the area? Are there a lot of rental properties that are vacant? Think about these things when you decide what to do with property. Buy low when flipping, and don’t price your rentals too high.

Figure out the best type of building for you to invest in. When you invest in real estate, it is more than just buying property. You have to maintain it well to sell it. One-story homes are easier to handle than multi-family properties. Do not bite more than what you can chew.

Be wary of property that seems too costly or too cheap. Investing too much at the beginning will result in less profits for you. If you get a property when it’s really cheap, you may need to spend a lot to get it to where it needs to be. Seek out properties in a median price range that are in good condition.

Find areas that have a lot of foreclosures. There will always be a bounce-back in the market eventually. If you bought low, you could really cash in. Remember, however, that it may take a while to realize your gain.

Get familiar with the marketplace lingo. You want to sound as though you know what is going on. When your seller sees you as new, they will try to ride the price up. Use the common lingo and what you’ve learned to your advantage. If you come across as a professional, people will take you more seriously during negotiations.

Since you just read the above article, real estate investing is something you now know a lot more about. If you know what you are doing, it can be an excellent way to earn money. You may also want to purchase real estate for yourself. Make use of all these tips to get your real estate investment success started.

Publicis, a Paris-based multinational advertising and public relations company, and Winston & Strawn, an international law firm, have renegotiated and extended their respective leases at the 1.12 million-square-foot Leo Burnett Building in Chicago’s Central Loop. Publicis agreed to a seven-year extension for the company’s 642,545-square-foot

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: New York City, Northern New Jersey, Denver, Chicago, Columbus, Boston, Sacramento, Atlanta, Florida and more! NEW YORK CITY Klein Joins Monday Properties as EVP, Capital Markets Lead By Justin Sumner

Fisher Investments, Inc. acquired 53.04 acres at 1980 SE 20th St. in Camas, WA from Eiford Properties LLC for $10 million. Of the 53 acres, approximately 29.2 acres are usable. The land is adjacent to Fisher Investments campus known as Fisher Creek. Adam Roselli and Byron Roselli of Eric Fuller & Associates, Inc. represented the seller. Ron Carl with Harcourts – The Carl Group represented the buyer. Please see CoStar COMPS #3621971 for…

Lake Union Partners sold the Cook Street Apartments at 107 N. Cook St. in Portland, OR to Berkshire Property Advisors LLC for $69 million, or approximately $335,000 per unit, according to public records. Built in 2016, the 227,808-square-foot multifamily property is comprised of 206 units on 1.3 acres in the North Eliot multifamily submarket of Multnomah County. Both parties reportedly handled the direct sale in-house. Please refer to Costar…

Does getting involved with real estate look like something you want to do? Have you see others profit from it? It really is possible to generate profits by getting involved with real estate deals. All you need is a little knowledge. Apply this advice to get your market adventures underway.

Reputation is important when you are stepping into this arena. Abide by what you say, and do not lie to possible clients. This makes your reputation increase.

Decide now what type of real estate you want to invest in. Flipping real estate property may be the best choice for you. Or, you might prefer to build from scratch. Each type offers its own set of challenges.

Get to know the local property values. This information will give you a better understanding of the neighborhood. You can make better decisions when you think about all of this.

Join an online investor group, or subscribe to the blog feeds of prominent real estate investors. This is going to give you priceless knowledge you can use on your own. One of the bloggers may be interested in mentoring you.

When negotiations are underway, listen more often than you speak. You may be shocked to find out that people can negotiate against what they say when they they’re allowed to talk a lot. If you listen closely, you are more likely to get a good deal.

Consider the amount of time you can realistically devote to managing property. It can be time consuming to deal with tenants. Get a management company to do the dirty work for you.

Avoid purchasing properties in bad neighborhoods. Be certain to understand the locale where you intend to buy. Research it. A home may seem like a great deal until you realize it is located in a bad neighborhood. It may be vandalized and could be hard to sell.

Never use your emergency reserve fund to invest in real estate. Real estate investing usually involves a lot of money and isn’t accessible at all times, and sometimes the returns take a long time to get back. Don’t let this situation destroy your ability to live from one day to the next.

Think about the advantages of property management companies. Although it’ll cost some of the profits you make, it can be well worth it. A good property management business screens your prospective renters and even handles repair issues. This leaves you with more time to focus on searching for other investment properties.

Currently foreclosures are flooding the market and they are not all damaged beyond repair. By joining a list that notifies you when foreclosures become available, you get a jump on looking it over and getting a fantastic deal before others realize it is available. This saves you time from contacting the county offices, realtors and lenders. Finding accurate information is possible, since these tend to be up-to-date.

Seek out help from experienced real estate professionals. You want to talk to someone in the local real estate industry that is familiar with a property before you make a bid. For example, talk with someone who appraises real estate or is an agent. That way, you will be sure to make an informed choice.

It’s best to buy properties in the local areas that you know. When you know the area, you’ll have a better feel for whether it’s a good buy or not. You need not have concerns about what is taking place at your properties, since you will always be in the vicinity. This will give you more control during the investing process.

Don’t use every bit of your cash and credit to obtain real estate. You should make the best business decisions that allow you to have reserve cash in case of emergencies. If you don’t do this, you’ll eventually suffer.

Make certain to have the property inspected before purchase and plan on investing money into those repairs. Should you want to sell, that means anything you do prior to the sale needs to be evaluated. If you are going to rent out the property, you also have to factor in a budget for maintenance. Always pad your anticipated expenses a bit to plan for the unexpected.

Do not spend all of your time focusing on a specific transaction. If you do, you aren’t getting a deal on the property at all. You could miss out on other deals to be had simply because you’re knee deep in a single one.

Just buy one property in the beginning. Though you may have the urge to grab several properties, you can make big mistakes early in the game. Try one to start with, and learn all you can from it to hone your future strategies. This can help you with all your future investments.

Keep up with marketplace lingo. You need to sound like you know exactly what you are doing. If you seem like a greenhorn, you are sure to be taken advantage of. Knowing the words used can be quite useful. You will have the upper hand when negotiating if you sound professional.

Be wary of property that seems too costly or too cheap. Investing too much at the beginning will result in less profits for you. If you get a property when it’s really cheap, you may need to spend a lot to get it to where it needs to be. Seek out properties in a median price range that are in good condition.

There is more to making a real estate investment than money; you need time, too. Lots of folks think only of the dollars and cents, though there is much more to the story. It takes both time and energy to protect your investments, and you need to be prepared for that.

If you don’t have the time or expertise to manage a property, hire a professional management company to do it for you. Although you will have to pay the property management company a fee, it will save a tremendous amount of time and frustration dealing with little problems that your tenants come up with.

There is no reason to think about real estate investing as confusing. You should now have answers to many of your questions. Now that you understand more, you are ready to get started. There has never been a better time to get into real estate.

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Cincinnati, New York City, San Francisco, Washington DC, South Florida, San Diego, St. Louis, Atlanta, Minneapolis / St. Paul, Tampa / St. Petersburg, Boston, and Baltimore. CINCINNATI Viking Partners Brings In Macy’s Former Real Estate Head By Bryce Meyers

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Boston, Chicago, Atlanta, Phoenix / Tucson, Charlotte, New York City, Los Angeles, Washington DC, Austin, Philadelphia, Westchester / Connecticut, Houston, and South Florida. BOSTON Avison Young Hires Colliers Execs for Northeast Expansion By Kara Franz table...