Eric Penney @EspCommercial
Business is fun, relationships are better. CRE pro focused on retail real estate, Self Storage, brokerage and development nationwide. How can I help??? Joined February 2024-
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Eric Penney retweeted
Our crew is attending Retail Live! Nashville this Thursday, August 15th. Gary Block, Eric Penney, and Dave Rogers will be representing Broad Reach. Please reach out to them if you're interested in connecting. #commercialrealestate #cre #crenetworking
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Eric Penney retweeted
When I talk to college students I always ask the question. “How many of you want to be developers?” Almost every hand shoots up with gusto. “How many of you are prepared to work for nothing or even pay to keep working for years and personally sign for debt that has a…
Eric Penney retweeted
There is ONE time in a lease deal where YOU (the leasing agent) has leverage. BEFORE you state the rent rate! Collect & gather ALL the info you can BEFORE you state the Rate! They will tell you almost anything you ask, if you ask it. Before you give them the rate!
Eric Penney retweeted
PSA: When a real estate project sells for $100M, the developer doesn't make $100M...
Many are ground up too. Would love to connect with anyone else who is working on one of these ground up RBTS or BTS.
Many are ground up too. Would love to connect with anyone else who is working on one of these ground up RBTS or BTS.
500K sf of office building total demo with asbestos. Who are you using for the biggest demo projects?
Eric Penney retweeted
After your first job, your GPA is irrelevant. No one cares.
This is better than some other SBUX projects we have seen sitting on the market. Holding costs are killing so many developers! Negative yields to leverage are just way too common right now.
This is better than some other SBUX projects we have seen sitting on the market. Holding costs are killing so many developers! Negative yields to leverage are just way too common right now.
Is anyone still getting the overpriced car wash offers on good dirt? Seems to have slowed down in my markets.
Does anyone have a list yet? What’s your take? Is this just good store portfolio management or the tip of the iceberg of inflation casualties? linkedin.com/posts/eric-pen…
Eric Penney retweeted
Every year at ICSC I book back-to-back meetings every 30 minutes for the whole day. Every year I tell myself I won't do that next year. #commercialrealestate #brokers #NNN #ICSC #retwit #retailproperties
The greatest among us!
The greatest among us!
With 2024 @RetailLive in the books, I have a couple of macro level takeaways. 1. Retail inventory is low and demand is high. Everyone is chasing the same dirt/centers/spaces. 2. There are so many emerging concepts and brands growing aggressively fueled by PE capital.…
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