Via CNBC It’s a new age of opportunity and innovation, but a few factors are holding businesses back from taking full advantage of this. A significant hurdle is the scarcity of skilled labor, stemming from demographic shifts like an aging population and declining birth rates. The COVID-19 … [Read more...]
Loan Maturities & Debt Repricing
Subject Matter Expert: Constantine Korologos, CRE Kicking the can on commercial real estate loan maturities The real estate industry isn’t making much of a dent in clearing its mountain of looming debt maturities. According to Trepp, nearly $1.8 trillion in commercial real estate loans are set … [Read more...]
Office Vacancies, The Tax Base & The Health of Urban Cores
Subject Matter Expert: Ruth Colp-Haber, CRE While other areas of commercial real estate have recovered from the dramatic effects of the pandemic, office is continuing to battle fundamental changes in how and where people choose to work that have weakened overall demand for space. According to … [Read more...]
Plunging Office Values Alarm Washington
By Katy O'Donnell 09/02/2024 07:00 AM EDT Four and a half years after the pandemic sent workers home, the office property bill is finally coming due. The market for office buildings — already reeling from higher vacancy rates amid the rise in remote-work policies — has been crushed by high … [Read more...]
A Glimmer of Hope for Office ROI
Article by the National Association of Realtors In today’s world of flagging office values, properties with high performance ratings and strong environmental commitments tend to outperform others, particularly in the Class A market, according to analysis by real estate services firm Cushman and … [Read more...]
NNN vs. Gross Leases: Comparing NNN Leases with Gross Leases and Their Benefits
Courtesy of Hughes CRE Insider In the realm of commercial real estate, lease agreements come in various forms, with each offering unique advantages and disadvantages for both landlords and tenants. Two of the most common types are NNN (Triple Net) leases and Gross leases. Understanding the … [Read more...]
National Commercial Real Estate Review
SUMMARY CONDITIONS-- These do not necessarily apply to the Greater Burlington, Vermont Market During the second month of the year, the Commercial Real Estate (CRE) market presented a mixed picture, with certain sectors showing resilience while others continued to face uncertainties and losses. … [Read more...]
Mastering Lease Terms
An In-Depth Analysis of NNN Lease Agreements Courtesy of Hughes Commercial [email protected] For brokers and owners/investors alike, understanding the nuances of NNN lease agreements is paramount. These agreements, wherein tenants bear the responsibility for property taxes, … [Read more...]
Rate Cuts Will Help Commercial Recovery
March 8, 2024 Commercial & Investment Real Estate By: Lynn Ettinger The Federal Reserve is factoring rent growth into its inflation measurements, which will influence when it decides to lower rates. The commercial real estate market has a lot to gain if the Federal Reserve follows through on … [Read more...]
Will the Commercial Market Hit the Reset Button in 2024?
December 12, 2023 By: Melissa Dittmann Tracey “Industry professionals are at a turnkey moment that will require both innovation and adaption to shape a resilient real estate landscape for the future,” a new report finds. As the real estate market adjusts to new norms in a post-pandemic world, … [Read more...]
Do I Have to Go to the Office? Occupiers, Obsolescence and Devaluation
Subject Matter Expert: Maureen Ehrenberg, CRE® The future of what hybrid work looks like is still playing out with themes of flexibility, agility, productivity and space reduction. What is clear is that the pandemic created permanent shifts in where work is done that is taking a toll on both … [Read more...]
Where Have All the Workers Gone? The Labor Shortage
Subject Matter Expert: Kathleen Rose, CRE® Everyone, everywhere, in nearly every sector is reporting that it is difficult to find skilled, willing and able workers. Layering on top of the worker shortage are a series of trends that are changing requirements for both workers … [Read more...]
Why Less Space, Longer Term Is the New Strategy for Office Tenants
How One Denver Deal May Illustrate a Growing Trend In the ever-evolving tug-of-war between office tenants and property owners, conventional wisdom would suggest that tenants currently have the most leverage. As property owners contend with hybrid work arrangements that depress office … [Read more...]
Expanding Restaurants Face Tall Orders
Expanding Restaurants Face Tall Orders Big plans hit supply, delay and cost snags. Restaurant trends are in flux in 2023. Ghost kitchens—hot in 2021—are facing slowing delivery demand, higher capital costs, and quality control issues, restaurant tech exec Rishi Nigam told digital publication … [Read more...]
Food Halls Offer Taste of Success
Food halls—eating destinations that include several small, locally developed restaurants and typically a bar—emerged from the pandemic in relatively good shape. Of the 82 food halls opened since March 2020, only 15 were shuttered, a closure rate of 18%, according to Cushman & Wakefield data compiled … [Read more...]
Cannabis Growers Face Fewer Issues Securing Property
April 19, 2023 Impact of Legalized Marijuana By: Melissa Dittmann Tracey As marijuana becomes more mainstream, pot businesses are clamoring for storefronts, warehouse space and land, according to a new NAR report. As more states legalize marijuana for medical and recreational use, cannabis … [Read more...]
Unlocking IRR in Real Estate Deal Analysis
When it comes to analyzing real estate deals, Internal Rate of Return (IRR) is one of the most important metrics to consider. IRR is a measure of return on investment that takes into account the time value of money. It is used to compare the profitability of different investments and to determine … [Read more...]
Vacant Office Buildings…
Fed Warns That Empty Office Buildings Pose a Lasting Threat to CRE The Fed maintains that persisting issues in commercial real estate, primarily the increasing amount of office buildings sitting empty, pose a threat to the stability of the financial system as a whole. The Fed doesn’t give much … [Read more...]
Representing the Future
FROM THE DEPUTY PUBLISHER Good Citizen Challenge finishers and partners (Jeb Wallace-Brodeur) While most of the state — and the nation — was focused on who would win the midterm election in the week … [Read more...]
Good Commercial Brokers Are Needed More Then Ever
Why Office Buildings Are Still in Trouble Hybrid work, layoffs and higher interest rates are leaving lots of office space vacant and hurting the commercial real estate business. The commercial real estate market remains weak because many businesses are opting for smaller offices and … [Read more...]
Fall Commercial Real Estate Insights
After the strong rebound for the U.S. economy in 2021, growth in 2022 has slowed in the face of rising inflation, the household incomes squeeze, and geopolitical events. While the economy continues to deal with elevated inflation, there is a slowdown in the growth of commercial real … [Read more...]
Finney Crossing in Williston is Fully Leased
Finney Crossing Commercial in Williston fully leased Vermont Business Magazine Tony Blake of V/T Commercial in Burlington announced today that Finney Crossing in Williston, is 100% leased. Developers of the project, Scott Rieley and Chris Snyder, worked … [Read more...]
The Hybrid Office World
In a hybrid workforce world, what happens to all that office space? Just 11% of businesses use all of the office space they own or lease, and nearly 45% use half their available space or less, according to a new study. As companies come to grips with a more hybrid and remote workforce, their … [Read more...]
NIMBYism– Sound Familiar?
How Developers Can Overcome NIMBYism Marilee Utter of the Counselors of Real Estate shares her “long short-cut” for developers to overcome the community opposition that can stall projects. By Kelsi Maree Borland | June 27, 2022 at 03:45 AM Over last two years, cities across the country have … [Read more...]
If everyone’s working from home, why is commercial office space booming?
Gene Marks Not everyone is going to be working from home in the months to come. They’re coming back to the office. More than half of corporate leaders want their people back in the office five days a week, according to a new study. Many people loved working from home during the … [Read more...]
From Fairways to Forklifts
Considering the growing demand for industrial real estate, golf courses are popular targets for conversion to warehouse and distribution centers. By Chris Gary | Winter 2022 With the appetite for industrial warehouse and distribution space continuing to grow, more developers have begun to eye … [Read more...]
Coworking’s Next Act
How and where people work underwent huge changes — could flexible office space see an increase in demand? By Beth Mattson-Teig | Winter 2022 Prior to the pandemic, coworking facilities were often lauded as a model for the “future workplace.” Third-party providers offered trendy, flexible, … [Read more...]
Invested in Industrial
Intense competition and strong fundamentals are driving industrial sale prices ever higher. By Beth Mattson-Teig | Fall 2021 The industrial sector powered through the worst of the pandemic without missing a step — and the outperformance of the sector has only served to stoke investor demand with … [Read more...]
National Association of Realtors 2021 Review and 2022 Outlook
The commercial real estate market will surprisingly close with a bang in 2021 given the historic strong demand for multifamily and industrial space and the resiliency of brick and mortars in serving consumer demand off-premises. The strong growth in these sectors made up for the weak and tenuous … [Read more...]
A Recovering Market Versus Omicron
Amid sustained job growth, strong consumer spending, and increased demand for rental housing, the commercial real estate market continued to recover in the fourth quarter, marked by rising occupancy across all commercial property markets. However, the course of the pandemic, including the … [Read more...]
Retail’s Road to Recovery
Battered by COVID-19 — some more than others — retailers are looking to rebound with increased creativity, flexibility, and agility. By Sarah Hoban | Summer 2021 The figures vary, but between 12,000 to 15,000 physical retail stores closed in 2020, and many predict that figure could be higher … [Read more...]
Innovative Workplace Practices– Rhino Foods Practices what it Preaches
Ted Castle, founder, owner and "Head Cheese" at Rhino Foods, https://www.rhinofoods.com/, has long been an advocate of finding and implementing innovative ways to keep his workforce engaged, healthy, happy, and productive. Though his company is well known for its frozen cookie dough, best tasted in … [Read more...]
BRINGING HIGH-SPEED INTERNET TO RURAL AREAS
EFFORTS TO EXPAND RURAL BROADBAND HAVE SO FAR PROVED INADEQUATE. COULD 5G OR SATELLITE INTERNET CHANGE THE GAME FOR PEOPLE SEEKING REMOTE WORK OPTIONS? Read a vacation rental listing and sometimes see “no internet access” promoted as a plus. Such marketing chutzpah may work for a weekend … [Read more...]
Multi-family and Industrial Properties Stabilize the National Commercial Real Estate Market
Sustained job creation, more consumer spending, and the continuing return of the workforce to the office underpinned the commercial real estate’s recovery across all property sectors in the first half of 2021. Acquisitions of investors of commercial real estate rose 34% in the first half of 2021. … [Read more...]
Back to the Office?
As offices reopen, the COVID-19 workplace must emphasize flexibility, safety, and collaboration. By Sarah Hoban | As the economic recovery begins and COVID-19 vaccines become readily available, businesses and real estate professionals alike are working to determine their post-pandemic steps in … [Read more...]
Survey Shows Land the Only Commercial Asset with Positive Growth in 2020
April 20, 2021 (Chicago) – The REALTORS® Land Institute (RLI) and National Association of REALTORS® Research Group have released the results of their latest Land Market Survey. The survey shows that while the COVID-19 pandemic battered the commercial real estate market in 2020, the land market held … [Read more...]
March 2021 Commercial Market Insights
Despite the continued economic recovery and the accelerated vaccine distribution, commercial real estate acquisitions fell 59% in February as the lingering impact of the pandemic kept investors at the sidelines. The dollar volume of acquisitions fell across all property classes: office (-71%), … [Read more...]
Exciting News!
Bill Kiendl and Tony Blake, founders and principals of V/T Commercial Real Estate, are pleased to announce the addition of new partners to the firm. Yves Bradley, Linda I. Letourneau, and John A. Beal, are now partners in the company. With a collective 125+ years of practicing commercial real … [Read more...]
Creating Valuations Amid Uncertainty
In today’s climate, estimating an asset’s current and future worth is tricky but far from impossible. By Mark Polon, CCIM | Fall 2020 Benchmark valuation data is great, but not always readily available or relevant to your market. Because investors, brokers, lenders, appraisers, servicers, … [Read more...]
COMMERCIAL TURNS TO PURIFICATION TECH TO FIGHT COVID SPREAD
More commercial property owners are turning to air purification technology to improve indoor air quality at their buildings and try to prevent the spread of COVID-19. C ompanies are finding that investing in such systems may be key to getting workers back inside their buildings. Columbia … [Read more...]
Door May Be Closing On Open Offices
SURVEY OF TECH TENANTS SHOWS PLANNED DROP IN FULLY OPEN LAYOUTS. By Lynn Ettinger After years of debate about their value, open-office layouts may be on the way out. Less than half of technology tenants surveyed by Savills, a global real estate services provider, said they plan to keep their … [Read more...]
Yves Bradley Joins the V/T Commercial Team!
V/T Commercial is delighted to welcome Yves Bradley to its team of highly successful commercial real estate experts. Yves brings with him almost 17 years of experience, and a wealth of knowledge and expertise in helping customers and clients alike. Well known in the Greater Burlington community … [Read more...]
Long-Term Changes Expected in Use of Commercial Space
NEW FOCUS WILL CAUSE REDESIGN AND REBUILDING, DISPLACING OLD FORMATS. Space utilization has taken on immediate importance for tenants and landlords during COVID-19. In “Space Utilization and the Built Environment,” published in the latest issue of Real Estate Issues by The Counselors of … [Read more...]
Examining Challenges Faced by Different Market Sectors
Retail: Retail will see a bifurcated reaction to this economic downturn. Storefronts selling consumer staples - like Walmart, CVS, and grocery stores-will thrive, while dine-in restaurants, for example, could remain closed for the foreseeable future. Hospitality: Unsurprisingly, hospitality has … [Read more...]
Profile of a Successful V/T Commercial Client, Part 4
By Laura Beth Saaman, V/T Commercial student intern Miriam Novotny is the Executive Director for Mosaic Learning Center, a school and consultation practice for students with neurological differences. She has worked at the Mosaic Learning Center for almost 15 years. Using a strength based … [Read more...]
New build at the Essex 5 Corners!
New building slated to open Spring 2021. Great visibility on very busy Essex Junction 5 Corners. Walking distance to numerous shops and restaurants. Ample on-site parking and public transit close by. The building will be an attractive, modern design with large display windows. Spaces will be … [Read more...]
Turn-key Waitsfield business ready for next generation!
The Store, Waitsfield. Exclusively listed by Vermont Commercial Real Estate. After 54 years of family ownership, The Store, in Waitsfield, is ready for new owners. Located in the Mad River Valley, Vermont, home of Sugarbush and Mad River Glen, The Store is a gourmet housewares store with a … [Read more...]
Profile of a Successful V/T Commercial Client, Part 3
By Laura Beth Saaman, V/T Commercial student intern Hank Slauson began his company, Flex-A-Seal, in 1983 in Florida, prior to moving the company to Vermont in 1984. Flex-A-Seal manufactures high quality mechanical seals for industrial pumps. As the business has grown, its 35,000 square foot … [Read more...]
Profile of a Successful V/T Commercial Client, Part 2
By Laura Beth Saaman, V/T Commercial student intern Justin Antoniotti, the President and General Manager of WPTZ and WNNE, joined the station in July 2016, relocating from a similar position in Pittsburgh. His job involves virtually all aspects of what makes the station run smoothly which … [Read more...]
Profile of a Successful V/T Commercial Client, Part 1
By Laura Beth Saaman, V/T Commercial student intern Lon Finkelstein, CFO of the Vermont Tent Company, began working for the business while he was attending the University of Vermont. He spent his summers working with the other five employees at the time to provide tents, food, and other … [Read more...]
It’s Time to Start Considering Vermont as an Entrepreneurial Hub– Here’s Why
It's Time to Start Considering Vermont as an Entrepreneurial Hub-- Here's Why With a track record to rival places 5 times its size, Vermont offers a unique combination of access and success. By Jeff BarrettCEO, Barrett … [Read more...]
Opportunity Zones– An Intriguing Investment Strategy!
“QOZ” Offers Potential Benefits To Investors and Underserved Communities November 26, 2018 Commercial & Investment Real Estate, Taxes, Tax Reform By: Erin Stackley The Qualified Opportunity Zones (“QOZ”) program is a creation of the Tax Cuts and Jobs Act of … [Read more...]
Top Ten Issues Affecting Real Estate
November 27, 2018 Working With Younger Buyers, Natural Disaster Insurance, Transportation and Infrastructure, Energy Efficiency and Climate Change, Fair Housing, MLS & Online Listings, Taxes, Technology, Immigration Reform By Victor Calanog, Ph.D., … [Read more...]
Burlington Office Market Mirrors National Trends
Office Evolution The changing nature of work is driving new trends in office space. By Sarah Hoban | September.October.18 Some factors are constants in the commercial office market -- Construction costs. Occupancy rates. Employment rates. Availability of skilled labor. But landlords and … [Read more...]
More Done Deals!
Tony Blake of V/T Commercial, as exclusive tenant representative, announced that the national firm of Sunrun signed a five year lease at 1354 Marshall Avenue, Williston from O'Brien Brothers. Blake represented the tenant and Ross Montgomery and Matt Tedder of Kingsland Company represented the … [Read more...]
Some of Many Reasons Why Tenant Representation is Critical!
The Tenant Side of Commercial Leases: Special Risks, Special Attention Commercial & Investment Real Estate, Rental Properties By: Rob Warmowski No matter which business sector it serves, the commercial real estate lease is a detailed, binding contract … [Read more...]
Bloomberg News Article
Move Over Millennials, It's Gen Z's Turn to Kill Off Industries Millennials have been accused of killing so many products and industries — taxis, landlines, snail mail — that it’s become a media trope. But millennials are old news. Today, businesses and marketers are desperately anticipating the … [Read more...]
Congratulations to WPTZ Channel 5!
Tony Blake, exclusive representative for Hearst Stations, is pleased to announce that WPTZ will be opening a new studio at 30 Community Drive, South Burlington, Vermont. Hearst is one of the nation's largest diversified media, information and services companies with more than 360 businesses. Its … [Read more...]
Recent Transactions Handled by V/T Commercial
Bill Kiendl of V/T Commercial acted as tenant representative for an office lease renewal on behalf of Morgan Stanley Smith Barney Financing, LLC at 82-92 Merchants Row, Rutland, Vermont. Tony Blake and Linda Letourneau of V/T Commercial assisted Burlington Storefront, LLC and Sukha Yoga, LLC in … [Read more...]
V/T Commercial Brokers the Sale of 225,000 SF Property
Tony Blake and Bill Kiendl are pleased to announce the sale of 40 IDX Drive, South Burlington, to North River Company. The sale included 15.36 acres and 225,000 square feet of full leased office space. The seller, GE Healthcare occupies approximately 85,000 square feet, and the University of … [Read more...]
Top Ten Issues Affecting Real Estate 2017-2018
Global uncertainty and political polarization top the list of issues expected to have the most significant impact on real estate throughout 2017- 2018, according to The Counselors of Real Estate ®, the invitation-only professional association for the industry's leading real estate advisors. The … [Read more...]
More Retail Closures are Coming
Retailers are bracing for a fresh wave of store closures in 2018 that's expected to eclipse the rash of closures that rocked the industry last year. "Landlords are panicking," said Larry Perkins, CEO and founder of the advisory firm SierraConstellation Partners. "The last year was pretty … [Read more...]
The Re-making of America’s Malls
Mall Owners Work to Reclaim Retail Wasteland With Public Money Zhenglong8614 | Dreamstime Monday, 30 Oct 2017 07:36 AM At the Brookfield Square mall in Wisconsin, the landlord, CBL & Associates Properties Inc., needed a new occupant for a fading Sears. CBL had been … [Read more...]
Why Online Isn’t the End of the Physical Retail Store
Interesting article on the changing retail environment: http://www.colliers.com/en-us/us/insights/marketnews/retail-spotlight-report-may-2017 … [Read more...]
The Future of America’s Dying Malls is Here!
TRIPLE FIVE GROUP The expansive $5 billion American Dream Mall at the Meadowlands Sports Complex in East Rutherford, N.J., represents the next wave of Super Malls that look more like amusement parks than shopping centers. by Suzette Parmley, Staff … [Read more...]
Robots Are Replacing Workers Where You Shop
Robots Are Replacing Workers Where You Shop Wal-Mart and other large retailers, under pressure from Amazon, turn to technology to do workers’ rote tasks At Wal-Mart, self-checkout machines are replacing cashiers at more registers. PHOTO: WESLEY HITT FOR THE WALL STREET … [Read more...]
Shrinking Footprint
Amenities-rich offices become retention and recruitment tools. By Beth Mattson-Teig | The big topic of conversation across metros these days is that office space needs are shrinking as companies embrace mobile working and increase efficiency. Yet even as companies are downsizing footprints, they … [Read more...]
An Alternative Use for our Aging Malls?
REAL ESTATE Dead Mall Space Could Spur Warehouse, E-Commerce Deals Excess parking facilities and underused retail space could be redeveloped into small-scale last-mile delivery or pickup facilities, Fitch Ratings said. An Amazon pop-up kiosk in the Green Acres … [Read more...]
Excellent Article by GBIC
Vermont's Opportunity Last month in an op-ed we sounded the alarm: our state is on the brink of losing an entire generation of young Vermonters. For far too many in our state, workforce skills do not match the opportunities with employers, and … [Read more...]
Industry Trends: Pixels & Mortar: The Continuing Evolution of Retail
Sounds a lot like Burlington... FEBRUARY 3, 2017 by Jacob S. Knabb, Commercial Communications & Services Associate, National Association of REALTORS® The retail sector occupies a huge part of the U.S. economy, directly … [Read more...]
Recent V/T Commercial Transactions
Hoff Curtis, PC, a long-established Burlington law firm with its principals being Julie Frame and Robert Katims, has relocated its offices to 60 Main Street, Burlington. Tony Blake of V/T Commercial represented Hoff Curtis and Brad Worthen of Pomerleau Real Estate represented the landlord, 60 Main … [Read more...]
V/T Commercial & Vermont Business Brokers are Together!
V/T Commercial is proud to welcome John A. Beal and Vermont Business Brokers as part of its team-- continuing in our efforts to provide the best of commercial real estate and business brokerage services! John Beal of Vermont Business Brokers brings a thorough understanding of business … [Read more...]
Winter Transactions Continue!
Linda Letourneau of V/T Commercial brokered the sale of a commercial building at 17-19-21 Court Street, Montpelier to 17-19-21 Court Street Associates. Letourneau assisted both parties in this sale. Catamount Holding Company leased space in the Chace Mill, Burlington to Victoria Fraser, and … [Read more...]
2017 Starts with a Bang!
Bill Kiendl of V/T Commercial announced that Acadia Insurance renewed its lease for 8,525 square feet at 118 Tilley Drive, South Burlington. Kiendl assisted the tenant and the landlord, Pizzagalli Properties, in this transaction. 802 Distributors leased 4,200 square feet of space for its office … [Read more...]
V/T Commercial Named Exclusive Agents
V/T Commercial is pleased to announce its exclusive representation of Investors Corporation of Vermont for its portfolio of suburban properties. These include office buildings at 1775 and 1795 Williston Road, South Burlington, and office/flex buildings at 21 Gregory Drive, South Burlington and 20 … [Read more...]
Recent Transactions by V/T Commercial
Stern Properties leased 720 square feet of office space at 174 Battery Street, Burlington, to Harm & Harm Financial Consulting Group. Linda Letourneau of V/T Commercial represented the landlord, and Donahue & Associates assisted the tenant. Bill Kiendl of V/T Commercial announced … [Read more...]
Fall Brings Deals!
Linda Letourneau and Tony Blake of V/T Commercial announced the sale of a commercial office condominium of 3,040 square feet at 277 Blair Park, Williston. V/T Commercial represented the seller, Morblack LLC, and Peter Yee of Yellow Sign represented the buyer. Jed Dousevicz of V/T Commercial … [Read more...]
V/T Commercial Represents Vermont Yankee in the Sale of its Brattleboro Office Campus
Tony Blake, principal of V/T Commercial, announced that the firm has been retained by Entergy Nuclear Vermont Yankee, LLC to assist in the marketing and disposition of its administrative office building and training center in Brattleboro. The handsome complex is located 1 mile from Exit 3 of … [Read more...]
V/T Seals More Deals!
Jed Dousevicz of V/T Commercial leased 1,083 square feet of office space at 30 Main Street, Burlington to PMG Marketing. PMG has marketing offices in Burlington and in Boston, MA. Investors Corporation of Vermont is the landlord. Dousevicz assisted both parties in this transaction. Linda … [Read more...]
V/T Commercial Brokers Pine Ridge School
V/T Commercial is pleased to announce the sale of the former Pine Ridge School campus in Williston, on behalf of People's United Bank. The property included over 125 acres of gorgeous land and 14 buildings containing over 68,000 square feet. The buyer, NETS Institute for Church Planning, will be … [Read more...]
Latest V/T Commercial Deals!
Bill Kiendl of V/T Commercial announced the sale of the former Key Bank property at 70 Main Street, Winooski to the Redstone Development Group, LLC. Redstone plans a complete redevelopment of the site. Kiendl represented the bank in the sale of its … [Read more...]
Spring is Blooming with New Transactions!
Element Real Estate VT has opened its inaugural office at 139 Bank Street, Burlington. Linda Letourneau of V/T Commercial represented the landlord, First Baptist Church of Burlington, in the lease. Element Real Estate specializes in the sale of residential real estate throughout the Greater … [Read more...]
New Member to the V/T Team!
V/T Commercial is delighted and excited to welcome Linda I. Letourneau to its team of professionals! Linda brings with her an incredible depth of knowledge and experience in the industry-- including 27 years of commercial real estate brokerage, management, and construction! We are enthused to have … [Read more...]
Newly Completed Transactions by V/T Commercial
Chris Sherman of V/T Commercial leased 3,187 square feet of space at 135 Allen Brook Lane, Williston to Vermont Strong Mind, Strong Body. Sherman also leased an additional 2,117 square feet of space to Lisa Stephen, Katie Kelley, and Katie Rick for therapy offices. Tony Blake of V/T Commercial … [Read more...]
Bringing in the New Year with New Deals!
Mad River Distillers has opened a tasting room and retail shop at the former Hempest location, 137 St. Paul Street, Burlington. Brad Worthen of V/T Commercial represented the tenant and Meg McGovern of Donahue & Associates represented the landlord in this lease. Tony Blake of V/T … [Read more...]
Restaurants Restaurants!
We offer REALLY good restaurant and food-service opportunities on the market. Now is a great time to bring your culinary and business skills to the forefront. From Downtown businesses to beautiful suburban locations, give us a call for an appointment to discuss your dreams further! … [Read more...]
Two Outstanding Commercial Office Condos Available For Sale!
Both offer the opportunity as investment vehicles and/or owner/occupancy. 100 Main Street, Burlington consists of 6,530 sf of well designed second floor space in the heart of the Central Business District. 277 Blair Park, Williston is a relatively new (2008) beautiful office suite of … [Read more...]
Looking Forward to a Great 2016!
After more than 80 transactions in 2015, the V/T Commercial team is excitedly looking ahead to 2016 and the opportunities it presents landlords, tenants, buyers & sellers. The minimal rise in the prime lending rate by the Federal Reserve signals confidence in the overall economy while still … [Read more...]
Commercial Real Estate Outlook
DOWNLOAD (1.94 MB) NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Highlights Demand for commercial leases kept a positive pace … [Read more...]
Recent Transactions Keeping V/T Commercial Busy!
PrimeLending executed a lease for 1,500 square feet of office space at 64 Knight Lane, Williston with CB Realty, LLP. Tony Blake & Jed Dousevicz of V/T Commercial represented the landlord and Kendra Kenney of Donahue & Associates represented the tenant. Jed Dousevicz of V/T Commercial … [Read more...]
Wonderful Wishes for Your Thanksgiving!
From all of us at V/T Commercial, wishing everyone a wonderful Thanksgiving holiday and with it our collective gratitude to our clients, customers, family and friends. … [Read more...]
Deals, Deals, Deals!!!
Ryan and Caroline Smith purchased an investment property at 71 Main Street, Winooski from Larry Mindell and Peg Allen. V/T Commercial handled the sale. Tony Blake assisted the sellers and Jed Dousevicz assisted by the buyers. TTL Property Maintenance signed a lease for 1,550 square … [Read more...]
Accounting Changes Would Have a Huge Impact on Commercial Leases!
Thousands of U.S. businesses could be affected by a proposed regulatory change that would substantially shift the way they account for the real estate they lease, and could have a seismic impact throughout the American market and beyond. The proposed change, which could take effect as early as … [Read more...]
Professionals Serving More Professionals!
Chris Sherman of V/T Commercial announced that Sommers Chiropractic has opened a practice at 100 Dorset Street, Suite 10B, in South Burlington. Sherman assisted the landlord, Century Partners, LP, and the tenant with this lease. Kyocera Document Solutions New England leased 3,600 square feet of … [Read more...]
New Deals by V/T Commercial!
Mike Comeau, owner of several area grocery stores including Richmond, Waterbury, and Johnson, has acquired the Shelburne Supermarket located at 20 Shelburne Shopping Park, Shelburne. Brad Worthen and Tony Blake of V/T Commercial represented Comeau in this recent purchase. Tony Blake of … [Read more...]
More Commercial Real Estate Deals!
Jed Dousevicz of V/T Commercial announced the sale of Shelburne's Town Tavern to Sandie Maynard and Ed Lambert. Dousevicz assisted the buyer and the seller in this transaction. Bill Kiendl of V/T Commercial assisted Maximus, Inc. in the renewal of 22,270 square feet of office space at 101 Cherry … [Read more...]