Is your capital working for you?

After weathering and surviving the Great Recession, many savvy executives are taking a fresh look at a real estate strategy that has been around a very long time: selling some or all of their real estate holdings and leasing all or part of that space back. Should you be considering a sale and leaseback strategy too? Well, it depends, but it is definitely worth exploring. 

Today’s business climate requires business owners to evaluate the use and cost of capital in ways they haven’t had to before. Meanwhile, there is an abundance of capital available in the market to acquire well positioned commercial real estate assets with great tenants at prices as good or better than we have ever seen it. This part of the real estate market is back. And, it’s being fueled by extremely low interest rates and patient equity that is ready to be deployed. Give us a call and we would be glad to help you analyze the pros and cons of a sale and leaseback.

Michael Jeppesen selected as National Chair for SIOR Independent Brokerage Group (IBG)

May 4, 2013

Palm Springs, California.

The Society of Industrial and Office Realtors recently held their annual spring world conference at the Indian Wells Resort in Palm Desert, California.  At the conference Michael Jeppesen, President of IPG Commercial Real Estate in Salt Lake City, Utah was chosen as the new national chairperson for the Independent Brokerage Group (IBG) within the 2800 member international organization.

The purpose of the Independent Brokerage Group is to create and sustain a network of highly qualified, independent SIOR brokers across the world to collaborate, share information and enhance business opportunities for its members.

The committee tasked with overseeing IBG works diligently to raise the overall value proposition for SIOR members through being a resource and developing an environment where best practices, ideas, and top industry trends are shared. Mr. Jeppesen currently serves as Vice Chair for IBG and will officially step into his new role as Chair at the 2013 World Fall Conference of SIOR in Chicago

Attractive SBA Financing for Commercial Real Estate in Utah

Many companies in Utah that are thinking about owning their own building rather than leasing are finding Small Business Administration (SBA) financing very attractive. There are many factors to consider but often the after tax benefit from owning can make it more attractive than renting. There are several different loan programs through the SBA but companies looking for a loan involving real estate will likely do a 7a or 504 loan. Typically a buyer will be required to come up with a 10% down payment, the SBA loan will be for 40%, and a bank or other lending institution will provide 50%. For more information on the other types of SBA loans available check out the SBA’s website at http://www.sba.gov/loanprograms or give us a call and we can put you in touch with some local professionals. 

SIOR Designation

Good news! Last night I opened an email from Taylor Miller, Manager of Admissions for SIOR (Society of Industrial and Office Realtors) that reads: "This email is to notify you of your acceptance to SIOR. You'll officially become a new member on May 1st, 2013 and may start using the designation on that date." 

For those that don't know, the SIOR designation is one of, if not the most difficult commercial real estate designation to receive and represents the successful completion of rigorous coursework and challenging career performance over a period of at least 5 years. Needless to say, I am excited and honored to be joining the ranks of this prestigious group I so highly esteem. See you at the Spring World Conference.

IPG Commercial Creates Onsite Fitness/Community Facility

In an effort to support our team, our clients and the community, IPG Commercial recently remodeled a 2,400 square foot building located directly behind our main offices as the new official IPG Recreation Center. 

“This new space will provide our team inspiration and new opportunities to stay in good health, not just physically, but spiritually, emotionally, and mentally as well.” Said IPG President Michael Jeppesen.

In addition to regularly scheduled fitness, yoga, and various classes, IPG plans to offer the space as a community resource to our friends and clients.  The building can accommodate a variety of uses from workshops, planning meetings, and other creative pursuits.

Please let Erica Richardson know if you would like to come by and take a look at the space or to join us for one or more of our upcoming offerings. erica@ipgcre.com