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...]
Will work from home outlast virus?
Will work from home outlast virus? Ford’s move suggests yes By TOM KRISHER and CHRISTOPHER RUGABERMarch 17, 2021 DETROIT (AP) — It’s a question occupying the minds of millions of employees who have worked from home the past year: Will they still be allowed to work remotely — at least … [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...]
Summertime Deals Keep Happening!
V/T Commercial represented People's United Bank in the sale of the former Pine Ridge School campus in Williston. The sale included over 125 acres and 14 buildings comprised of approximately 68,000 square feet. The buyer was NETS Institute for Church Planting. Jed Dousevicz of V/T Commercial … [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...]
Deals Keep on Happening!
Jed Dousevicz of V/T Commercial announced the lease of 1,100 square feet of space at Town Meadow, Essex to VSA Vermont, Inc. Dousevicz assisted both parties in this transaction. Tony Blake of V/T Commercial announced that a new retail store will be opening at 63 Church Street in a property owned … [Read more...]
More Done Deals!
Mike Comeau of Sterling Market, Johnson, VT leased an additional 2,500 square feet of retail space from the Pomerleau Agency for the establishment of a Vermont Liquor Agency location and local pharmacy. Brad Worthen of V/T Commercial represented Comeau. Yves Bradley of Pomerleau Real Estate … [Read more...]
Ben & Jerry’s signs new 10-year lease extension
Congratulations to Ben & Jerry’s which signed a new lease extension for 64,494 sf at Technology Park in South Burlington. Vermont’s iconic product will keep its administrative headquarters here for another 10 years! Tony Blake represented Ben & Jerry’s parent company, Unilever USA, in … [Read more...]
Iconic Vermont Country Store Sold!
Congratulations to Whitney Finley on her purchase of the Old Brick Store in Charlotte, VT from Carrie Fenn. As one of the oldest continually operating general stores, this business is truly a center of the town’s activities. Tony Blake brokered the sale of the business. … [Read more...]
As Office Space Shrinks, So Does Privacy for Workers
By James Barron New York Times Feb. 22, 2015 Dafna Sarnoff worked her way up to vice president at American Express and what she remembers as “a desirable office.” Later she was hired by a financial services company — bigger salary, bigger office. Then, in 2012, she was recruited by Yodle, a … [Read more...]
VHB Leases 12,792 Square Feet
Vanesse Hangen Brustlin, Inc. leased 12,792 square feet of newly refit office space at 40 IDX Drive in South Burlington. … [Read more...]
Historic Peking Duck House Property Sold!
Congratulations to Redstone & Youkel on its purchase of the historic 79 West Canal Street property in Winooski. The local company will be redeveloping the site into housing with construction scheduled to begin immediately. … [Read more...]
Congratulations to the Stern Center for Language & Learning!
The Stern Center for Language & Learning sold its former facility at 135 Allen Brook Road, Williston to Morris Switzer Properties, LLC. A complete renovation of the office building is planned– stay tuned for details! Chris Sherman and Tony Blake represented the Stern Center in this sale. … [Read more...]
Iconic Country Store!
Extremely rare opportunity to purchase the Old Brick Store, in Charlotte. Established over 160 years ago, this classic country store is threaded into the fabric of the entire community. Perfect for the active and personable owner/operator! Contact Tony Blake for details. … [Read more...]
Accepting Bids Until 10/17/14
Beautiful office building in a pastoral setting– great opportunity for owner occupancy or investment vehicle. All offers will be seriously considered. Contact Chris Sherman or Tony Blake for details. … [Read more...]