Commercial Real Estate
Commercial Real Estate Certificate Course presents a comprehensive survey of the field of commercial real estate, including:
- Commercial leasing
- Investment property purchases/sales
- Case studies of commercial transactions
It also provides an examination of the current state of the Commercial Real Estate market in New York, and what we can expect in the coming year and beyond.
Upon completion of this class, you will receive a certificate in Commercial Real Estate Certificate from the Brooklyn Real Estate Institute.
Course Packages & Registration
Certificate Course approved for 19.5 hours of continuing education. Does not include Fair Housing.
Combo Package with Fair Housing (in order to satisfy your 22.5 hours of CE with Fair Housing) with a discounted price.
SEATING IS LIMITED
About the Course
We will present a more in-depth review of commercial real estate in response to the demand for more material than we have been able to cover in the popular "Introduction to Commercial Real Estate" class.
Among many topics, this class includes:
- Basic types and terminology of commercial transactions
- Differences between commercial and residential real estate practices
- Types of commercial leases
- Fair Housing laws and how they apply in commercial real estate
- Leasing vs. Subleasing – definitions and the advantages/disadvantages of each
- Issues regarding "location" and client needs
- Working with commercial tenants & identifying their "real" needs
- The features of commercial space – building features, hours of operation, elevators, availability of water, storage, traffic, etc.
- Discussion of various tenants with special needs
- Classes of Commercial Buildings – A, B, C & F buildings
- How commercial space is measured; "loss factors" – rentable vs. useable space.
- Additional costs – "Pass throughs," electric, taxes & utilities
- Commercial rent escalations & lease renewals
- The process of finding & researching commercial space
- Computerized research tools and how to use them -- Property Shark, OLR, Loopnet, CoStar, Craigslist, etc.
- The anatomy of a business leasing transaction
- Commercial leasing case studies
- Preparing, submitting & negotiating a commercial offer
- Financial information / Landlord location visits
Commissions & Getting Paid
- The Lehman Scale
- Other techniques and trends in computing commissions
- Review of commission agreements & broker protection
Building Investment Sales & Purchases
- Basic overview of sales and purchases
- Types of Investment Properties
- Reasons people buy and sell buildings
- Flip transactions
- The 1031 Exchange
- Knowing your buyer and seller – buy and sell, vs. hold
- Issues in property location and buying strategies
- Finding Buildings for Sale
- Review of building Set-ups; basic information presented and weeding through seller-provided information
- Viewing and Inspection Issues
- Financial Analyses – Measurement of value and financial performance
- Computation of accurate revenues, expenses and net income
- Capitalization rates, gross rent multipliers
- Debt service coverage, break even ratios, "cash-on-cash"
- Comparables – neighborhood and building analysis
- Mortgage assumability and financial considerations
- Distressed properties; Foreclosed properties
- A purchase or sale offering and what it contains
- "Due Diligence" and structural issues
- Researching and dealing with building violations – DOB & ECB Violations
- NYC building inspections
- The broker's role in closing the transaction
- Post-closing Exit Strategies
- Case studies and analyses