NAI Forms Alliance with Site Analytics

Alliance Offers Expanded Market Analytic Services to Retailers

NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today it has formed an alliance with Site Analytics Co., a site selection consulting firm, to offer expanded market analytics services to NAI retail professionals.

Founded in 1995, Site Analytics advises brokers, retailers and landlords on growth-related strategic issues. Their customized reports and models employ sophisticated analytic techniques to provide unique insights that help clients resolve the tough questions they face on a daily basis. Adapting these tools—in consultation with NAI Global’s Market Analytics team—for use by NAI retail professionals, Site Analytics’ range of services helps brokers provide the best possible advice to their clients and improve the site selection process.

“Site Analytics is a market innovator and respected service provider in the U.S.,” said George Anderson, Vice President of NAI Global Market Analytics. “This alliance will expand the reach of the Market Analytics team, and enhance this key service offering for our clients.”

Throughout 2009 Site Analytics will create and implement new products tailored specifically for NAI Global’s managed network, with the first set launching in May prior to ICSC RECON Global Retail Real Estate Convention. Some of these custom products help retail brokers determine how to most effectively identify prospective tenants and market a property. Others help NAI brokers advise their retail clients on the best markets and sites for their expansion or contraction efforts.

“Site Analytics is proud to be an Alliance Partner of NAI Global,” said Adam Epstein, President of Site Analytics Co. “Especially in times like these, it’s important to ensure that clients are making a fully-informed decision. We are pleased that NAI brokers, who are often acknowledged as the leading experts in their home markets, will be enhancing the services they offer their clients with the addition of our customized analyses.”

Site Analytics Co. is based in New York City, and will work with NAI Global’s offices both across the United States and internationally. Headquartered in Princeton, New Jersey, NAI Global manages a network of 325 offices and 5,000 professionals in 55 countries across the globe.

NAI Pittsburgh Commercial is a Pittsburgh proud and locally owned commercial real estate brokerage company and part of the NAI Global managed network. Click to learn how NAI Pittsburgh can help you with the toughest retail challenges.

Investor notice: American Escrow

City to assist those bilked by American Escrow

Wednesday, April 15, 2009

Pittsburgh Post-Gazette

The city of Pittsburgh will allow property owners bilked by Chicago-based American Escrow LLC to make late property tax payments on an installment plan, without charging interest, "on a case-by-case basis," city Treasurer Margaret Lanier said yesterday.

The city has no way of knowing how many property owners are affected, she said. Affected residents should call the city Real Estate Division at 412-255-2525.

American Escrow received money from property owners and held it to pay their taxes and insurance, but then stopped making those payments and drained its accounts.

Interested in Real Estate Investing? Contact us to learn more: NAI Pittsburgh Commercial is a locally owned and Pittsburgh proud commercial real estate brokerage. Interste

NAI Global Named #4 Commercial Real Estate Brokerage in the World

NAI Global Named #4 Commercial Real Estate Brokerage in the World

National Real Estate Investor magazine's April issue just arrived, including the annual Top 25 Brokerages listing.

NAI Global was named the fourth largest brokerage, in a tie with Colliers International. NAI's total investment sales and lease transactions for 2008 totaled $42 billion.

Look for the full listing, and an article on distressed properties featuring an interview with Jeff Finn about the Commercial Property PowerSale, on www.nreionline.com.

NAI Pittsburgh Commercial is a locally owned and Pittsburgh proud commercial real estate brokerage. Click here for listings.

Agency Representation: Office Expertise

West Penn Allegheny moves top executives to Alcoa Business Service Center
By Luis Fabregas, TRIBUNE-REVIEW
Tuesday, April 7, 2009

Top executives from cash-strapped West Penn Allegheny Health System this week are relocating to offices at the Alcoa Business Service Center on the North Side.

West Penn Allegheny signed a lease that will give it 22,000 square feet at the building on Isabella Street, said system spokesman Dan Laurent.

Laurent did not immediately know how many people will be moving into the space, but they include CEO Dr. Chris Olivia, whose offices were located at flagship Allegheny General Hospital in the North Side.

"We believe this will allow us to more effectively manage our system — where managers currently occupy offices in 11 different buildings — to exit existing leases, and to consolidate future space," Laurent said.

The move will result in long-term cost savings for West Penn Allegheny, Laurent said, declining to give a specific amount. The six-hospital network last year posted losses of $62.8 million.

Officials have said they plan to shave costs by $66 million. Late last year, Olivia told investors they already achieved the first half of those savings, or about $33 million.

West Penn Allegheny will occupy a portion of one floor of the 230,000-square-foot, six-story building, said Paul D. Horan of NAI Pittsburgh Commercial, which represented part-owner The Rubinoff Company in the deal.

The other portion of the floor will be occupied by Omnyx LLC, a digital imaging company partly created by University of Pittsburgh Medical Center. West Penn Allegheny, the region's second largest hospital network behind UPMC, did not raise objections about this, Horan said.

The building, which is about 90 percent occupied, is home to several other companies including Alcoa, which occupies two floors, Horan said.

Click to view other NAI Pittsburgh Office Properties

Pittsburgh: "Top Ten Metro" per Site Selection Magazine

Despite a challenging economic climate, the Pittsburgh Region boasted $4+ billion in capital investment related to 290 corporate expansion, relocation and development projects, keeping pace with “Golden Year” 2007. Plus, Pittsburgh was recently honored as one of nation’s “Top Ten Metros” by Site Selection magazine.

Pittsburgh placed #7 in Metro Markets more than 1M people in population. To read the entire article click here.

Auctions: Not Just for Distressed Real Estate

Article Finds Commercial Real Estate Auctions Are Not Just for Distressed Real Estate

An interesting article in this week's Global Real Estate Monitor examines the value of auctions in bad economic times. As the article states, "Auctioneers have a saying that when times are good, the auction business is good too, but when times are bad, the auction business is great. And, as more commercial property owners are struggling to deal with under-performing assets or upcoming debt maturities in a frozen debt market, auction experts expect the auction business, also known as accelerated marketing, to be quite busy in the coming months."

The article goes on to make the point that auctions and accelerated marketing programs like NAI Global's Commercial Property PowerSale are not just tools to sell distressed real estate assets, but are also effective in creating competitive bidding for high profile assets. Boston's John Hancock Tower is one such trophy office building on the block, and other high profile office buildings, shopping centers, industrial parks, residential subdivisions and prime development land are expected to come to market via auctions and sealed-bid sales during the coming year.

You can read the entire article at http://nreionline.com/globalrealestate/mar_article2.html