Timing is Everything – and It Takes Planning

“Buy low, sell high.” Of course. It sounds simple. But market prices rise and fall over time, and a business ready to change locations usually needs to act immediately. To reap a profit on the sale of a property it’s outgrown, a business must employ foresight, planning, and capital. Discraft did, and their efforts rewarded … Continue reading “Timing is Everything – and It Takes Planning”

Not Your Average Commercial Real Estate Firm

When our client brought a 21,575 square-foot medical office building in Clinton Township to us for property management services, he was clear that he wasn’t planning to hold it for long. John Bridges, CPM, Director of Management Solutions immediately developed a plan to increase the property’s value and prepare it for sale. Strong relationships are … Continue reading “Not Your Average Commercial Real Estate Firm”

Assisting Transitions in Farmington

After 40 successful years on Orchard Lake Road, the family owners of Dan’s Subs were ready for a new chapter. They wanted to sell the building—but without the loud display of a “For Sale” sign. Knowing they needed a realtor with an extensive network of local investors and owners, they called the Thomas Duke Company’s … Continue reading “Assisting Transitions in Farmington”

A True Story of Value Add and its Rewards Part 3: The Deal.

Once we had created tremendous new value and interest in a once-obsolete building, it was time to close the big deal for our client. With his insider knowledge of this business corridor and community, Mark Szerlag, CCIM and Partner in the Thomas Duke Company, saw that the asset would be an ideal property for a … Continue reading “A True Story of Value Add and its Rewards Part 3: The Deal.”

A True Story of Value Add and its Rewards Part 2 – Repositioning

With the acquisition complete, it was time for the Thomas Duke Company to add value. Imagine what we started with: heavily partitioned offices with tiny, dark-tinted ribbon windows near the ceiling of each, water damage on the lower level, and overgrown landscaping surrounding the exterior. First, John M. Bridges, CPM and Director of Management Solutions … Continue reading “A True Story of Value Add and its Rewards Part 2 – Repositioning”

A True Story of Value Add and its Rewards

Transformation is rarely quick and easy. The process is full of challenges and risks. But with perseverance—and, in this case, expert help—the end result more than rewards the trouble. Recently an investor in California approached the Thomas Duke Company. He operates a highly successful consulting firm and, in the real estate sector, builds multi-million-dollar homes … Continue reading “A True Story of Value Add and its Rewards”

Keep Calm and Close the Deal

Everything that could go wrong did go wrong. Except the ending. When the out-of-state owners of the 17,064 SF building at 339 S. Main Street in Rochester wanted to sell, they interviewed local brokerage firms and turned the job over to Chip Egbert of the Thomas Duke Company. After just a month of aggressive marketing, … Continue reading “Keep Calm and Close the Deal”

The Right Team for the Job

The Thomas Duke Company successfully leased 50409 Independence Street in Canton, Michigan, adding Goldwater Bank and The Village Pharmacy to the existing Coldstone Creamery, The Village Grocery, and more.   After years of vacancy, Adam Reid was able to procure two qualified tenants who signed leases within two months of listing the property. This has … Continue reading “The Right Team for the Job”

Two Questions and a Few Answers

The apartment market is booming! Two questions apartment owners commonly ask are: When is the right time to sell? How do I get the most for my property? To answer the first question you have to look at the market. Real estate markets and prices are cyclical. Everyone wants to sell high and buy low. … Continue reading “Two Questions and a Few Answers”