June 11, 2010

Where are we with commercial real estate?



The demand for office space is far beyond the horizon and with vacancy rates in Clark County beginning to tick upward after more than six months of small yet steady declines, the commercial real estate market is isn’t close to approaching a recovery.

If the administration and banking industry doesn’t step up to the plate to renegotiate equity requirements and interest rates to reflect what is happening in the leasing market, many more good people will be in default and planned redistribution of wealth will occur. 

If you are in need of help or direction please call me.

Popularity: 49% [?]



July 30, 2008

Property Management


Filed under: 1031 Exchanges, Property Management, Tenant In Common — admin @ 10:55 am

We offer a wide diversity of experience in Property & Asset Management.

We manage:

  • Office
  • Retail
  • Industrial
  • Apartments

We are as diverse in our undertakings, as we are flexible in our approach. Whatever the problem, however large or small in scope, The Phillips Group can handle the job thoroughly and efficiently.

Following is a list of typical management duties:

  • Communication with tenants and owners
  • Collection of rents
  • Timely payment of invoices
  • Supervision of suppliers
  • Easy to read monthly cash flow statements detailing all income and expenses
  • Periodic property inspections
  • Bid comparisons for larger maintenance projects
  • Annual budget
  • Address tenant concerns
  • Insurance premium reviews
  • Property tax review
  • Market information regarding rates and preferential pricing

Popularity: 100% [?]