St. George Realtor

It’s unfortunate that Verizon and Famous Dave’s could not have worked out an agreement to share the building before Famous Dave’s decided to close their doors in St. George because their food was great! But you don’t hear Verizon complaining. They are excited to more than double the amount of square feet they currently have [...]

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Recently the government has been taking steps to boost the economy, and breathe some life into businesses. Many things they choose to spend money are not necessarily quantifiable, however the Home Run Grant just may be-
According to James Wood, the Executive Director of the Bureau of Economic and Business Research at the University of Utah, [...]

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St. George, Utah is ranked the highest in the state in regards to foreclosures per capita.
According to RealtyTrac, one in 28 homeowners will receive a filing in St. George. The national average is one in 84. Unfortunately, 4 of Utah’s Cities are ranked in the top 60 metropolitan areas with the highest foreclosures rate in [...]

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Town & Country Bank is set to open their new location beginning January 2010. Town & Country Bank offers a free pick up service, allowing you to make your deposits from the comfort of your office chair. They are currently located out in front of the Summit Athletic Club, and are excited to open [...]

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Successful Leasing Strategies in a Volatile Market
This International Council of Shopping Centers (ICSC) held a webinar his past week called “Successful Leasing Strategies in a Volatile Market” which consisted of a panel of industry experts who gave their professional opinion on the most effective leasing strategies in the current market situations.
Hessman Nadji opened up the [...]

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I used to drive through town and see a sub-par retailer or food establishment and think “I wonder how long are they going to be in business for?”
Today is a different story as I see many National Retailers that are closing their doors and I think “If they can’t make it, who can?”
Sarah M Pardy [...]

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In a recent survey distributed by Loopnet.com, they questioned three key groups in commercial real estate (the broker, the investor, and current property owners). The survey was to determine the confidence these groups have in when the Commercial Market will begin to turn around. Main points of interest were:

Timing of Recovery in Transaction Volume [...]

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“Growth Friendly” City
Washington City Utah recently announced their new Fast track program which will expedite the time it takes to pull permits, boasting a “growth friendly” city.
In order to accomplish this, the city will-

1. Assign a staff professional to act as a single contact person to better inform the applicant of the city’s development requirements.
2. [...]

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Recently I was reading real estate trends, recovery periods, and was encouraged by some of the articles that I read. Costar.com interviewed Hessam Nadji, the chief of research for Marcus and Millchap, and he expects that job losses and the recession will end this year. He predicts that job losses will bottom by the [...]

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In years past, as commercial real estate investors have looked at possible investments they have focused mainly on the Capitalization (CAP) rate. This is a method by which investors measure the ratio between the Net Operating Income (NOI) of an asset and it’s purchase price. Investors would not rely solely upon the CAP rate [...]

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The national retail sector is reporting record numbers…record low numbers that is-
According to CoStar, the nations retail sector posted a negative quarterly net absorption for the first time, in addition the highest vacancy rate this century. When the vacancy rates rise, typically the amount of marketing time rises as well. In 2006, costar reports that [...]

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New York, Las Vegas, then Los Angeles… No these are not the cities that will be the first to escape the recession, unfortunately it is the three cities that have been hit (and will continue to be hit) the hardest in commercial real estate foreclosures.
According to a New York-based Real capital Analytics, the troubled [...]

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Are we there yet? Are we there yet?
In short, you really can’t tell if you have hit the bottom of the market until several months after you have hit “the bottom.” Up until recently, even some of the top experts in commercial real estate analysis have not been able to predict the bottom.
However, recently [...]

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The Utah Senate approved a $6,000 down-payment grant using allocated funds from the federal economic stimulus package. In order to liquidate some of the newer homes that were built during the real estate boom, down payment grants are now given to home buyers on a first-come first serve basis. The grant is given to buyers [...]

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In a report produced by the International Council of Shopping Centers (ICSC), they strongly encourage landlords and tenants to work collectively to “reinvigorate consumerism, reposition business cooperation and restore investor confidence.”
As we have seen both in St. George and across the nation, retail centers are experiencing higher vacancy rates than reported in years and are [...]

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As the banks have limited their lending capabilities, buyers and sellers of St. George commercial real estate have needed to be a little more creative if they want to get commercial real estate deals done.
One of the best solutions is exchanging the property they have for one that works better for their current and [...]

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Across the country we have seen several retailers and restaurants that have tightened their belts, and in some cases even close their doors. Nationally we have seen Circuit City, KB Toy’s Stores, and Linens’n Things Inc. and many more companies that have or are in the process of closing their doors.
In addition to some of [...]

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There has been a lot of talk about what has transpired with the government recently taking over Fannie Mae and Freddie Mac. These two organizations are huge and are in trouble. The news media and the internet have been flooded with opinions and information regarding what some say to be a government bailout.
With all of [...]

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The real estate industry has a bad reputation for some people who think that real estate agents are not needed and that if you are a seller you will save money by not having an experienced real estate agent at your aid.
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I often hear real estate agents speak what I call real estate speak. What I mean by this is that they talk using jargon or things that people in the average world could really care less about.
The best example of this is when most real estate agents get a call or a lead from either [...]

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The St. George Industrial Real Estate market has seen a continuing decrease in lease rates, higher vacancy rates, and consequently providing a great opportunity for negotiating tenants.
Anyone who is looking to expand, downsize, or relocate to an industrial area in St. George, Utah, has a great opportunity to negotiate terms that are completely in their favor. [...]

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The real estate industry is constantly in the news as everything in the media is about the financial institutions and the government trying to bail them out. So some would speculate about is now a good time to buy real estate or a bad time?
This is a very good question as there are so many [...]

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Real estate can be a tough field to go into and in a lot of ways it is like starting your own business. Real estate agents have to have a lot of resources and business skills. Part of the business skills is having good communication skills and sociable skills.
In most start up businesses they fail [...]

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Every real estate agent says that it is a perfect time to buy real estate. Why is that? It is because we are in the business of selling real estate. There is always someone that is ready to buy real estate. Whether they are an investor, a prospective homeowner, or a first-time homebuyer.
Right now the [...]

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When you are dealing with consumers you have to give them what they want and how they want it. So what do consumers want?
Consumers want GREAT DEALS!
That is why it is imperative to constantly give promotions, offers, and any type of incentive you can. In marketing the number one thing to go after is how [...]

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Throughout the United States the construction of commercial real estate has nearly come to a standstill. The Mainstreet Journal reports that as of mid-November 431 commercial construction permits were approved in Southwestern Utah.
They report that there were:

18 retail and wholesale permits
18 dining or personal care permits
3 auto or truck sales or service permits
36 industrial [...]

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Brandon Vandermyde is a St. George commercial real estate specialist who has been helping business owners from all over the country move into the growing St. George Utah area. Brandon knows the market along with the demographics of the St. George area.
If you are looking for land, industrial, commercial, retail, or office property either to lease [...]

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