Market data is important for everyone in the CRE industry. If an investor has a maturing loan, they’re typically going to have to take some sort of action—sell the property or refinance—to repay the loan. Companies like JLL, Colliers and Newmark Knight Frank are some of the major national firms that track this information on a regular basis. information sources using various means, one of the key recommendations is the adoption of Internet-based services with the integration of an interactive business planner, an online small business workshop, the business start-up assistant , info-guides, an e-mail service, and Talk to BIS Lot size is important for those interested in potentially subdividing the property someday. Reonomy, the market’s leading provider of property intelligence, harnesses data on more than 50 million off market commercial properties across the country. Commercial law, also known as mercantile law or trade law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. The total estimate resources of coal are now […] If you have enough advanced notice, you may be able to search your commercial real estate data to find the owner, property address and amount owned on the property. 1978. White & Robert S. Summers, White and Summers' Hornbook on the Uniform Commercial Code, West Group, (5th Edition, 2000)LII Downloads other topics Category: Commercial Transactions Every industry participant, from investors to bankers to management companies, rely on market data. Open source software. As you might imagine, lenders really want to know when loans are maturing. There’s big business in brokering loans that are about to mature. Brokers, institutional lenders, hedge funds, general contractors… The list of groups that benefit from CRE data is very, very long, as it can serve many different purposes. Where the heck can you actually find it? The Commercial Information Management System (CIMS) was the International Trade Administration's third attempt to develop an automated, comprehensive trade information system. an apartment building might be in need of a new property manager, a new contractor to spruce things up, etc. Building Permits If you want data about a product — whether it’s a raw material, a crop, a commodity, or a finished brand-name product — you can find an industry association for the people involved in the making and selling of that product. This is a major red flag for the lender, and a signal that the deal must be tweaked in order for the project to move forward. birth certificate, will, marriage license, trial transcript); Proceedings of Meetings, conferences and symposia; Records of organizations, government agencies (e.g. … you got five stars . Your decisions will be based on the information that you handle in the decision-making process. To determine how a property is zoned (e.g., industrial vs. residential), you can search the assessor’s database. Primary sources are original materials on which other research is based. There’s actually a market for distressed loans, so ABC Bank could sell off its loans to another entity. Why? Business information comes from a wide variety of sources and an effective business person will research information from a range of sources before making decisions. Commercial property price indicators: sources, methods andffiissues 9 Graphs Graph 3.1 The role of commercial property in the economy..... 20 Graph 3.2 Lending by Euro area MFIs to nonfinancial corporations by sector (per The development of open source GIS software has—in terms of software history—a long tradition with the appearance of a first system in 1978. Local zoning is often overlooked, but it is a critical piece of intel. Zoning, above all else, determines what can be built on any piece of land. Similarly, that leasing broker may want to contact the building owner and offer to help find them tenants for their property – either now or in the future. Most counties have an online Registry of Deeds that allow users to search a database for sales transactions and sales prices. University. Make Better Decisions Having more in-depth information from a variety of sources leads to better decision-making because managers gain a heightened understanding of the business environment in which the company operates. When pitching a new loan, this tells the debt broker who they’re up against. It’s used to help understand the past and present value of a property and its potential return for the owner. Commercial Sources. Bibliographies (also considered tertiary); Dictionaries, Encyclopedias (also considered tertiary); Journal articles (depending on the disciple can be primary); Magazine and newspaper articles(this distinction varies by discipline); Monographs, other than fiction and autobiography; Bibliographies (also considered secondary); Dictionaries and Encyclopedias(also considered secondary); Indexes, abstracts, bibliographies used to locate primary and secondary sources; Muthumari, P. (2013). Retrieved from http://shodhganga.inflibnet.ac.in. Typically, this kind of database can be searched by property owner or address. Fuel your in-house systems via API or Data Feeds. Most CRE professionals are flying in the dark when it comes to traditional bank and life insurance company loans. Transactional data is critically important for investors, brokers, appraisers, and banks—anyone involved in CRE investment in any shape or form. Data can sometimes be fragmented, especially in real estate. How you can decide if you don't have the right information, in the right form on the right place? Commercial Law. If a leasing broker knows that a tenant’s lease is expiring in a year, he may want to contact that tenant to help them find a new location. An extreme yet real world example: The Smith family has owned a self-storage facility for decades and is finally ready to sell. A company uses internal sources of information -- its own employees and managers -- as well as outside sources including customers, vendors, industry experts and the news media. Walmart is likely the draw for this center, and if Walmart were to leave, the value of that retail center would plummet. Lender information is another valuable piece of commercial real estate data. very useful. Most people don’t even realize how much information is out there for real estate professionals to digest. Commercial definition, of, relating to, or characteristic of commerce. Zoning is typically published on each city’s website, or can be found in person at town hall. The many different layers of data available  allow for an endless number of insights to be derived about an owner, the properties they own, the financials surrounding those properties, and much more. Large public companies include a Sources and Uses of Funds statement in their annual reports, but even small businesses can find sources and uses statement helpful. When pitching a new loan, this tells the debt broker who they’re up against. The same could be said about properties in Opportunity Zones. Walmart is most likely the largest tenant in that shopping center, as well, which would lead to significant cash flow problems for an owner that is relying on Walmart staying put. Buyers and lenders both want to know the types and caliber of tenants at a property. Buyers and lenders alike will want to know the property’s occupancy rate (the lower the better, though a buyer may try to scoop up a property at a discount if he knows there’s high vacancy). Numerous systems are available which cover all sectors of geospatial data handling. How to Identify Appropriate Sources of Information for a Business Analysis. Loan data is one of the most difficult forms of commercial real estate data to track down. Another way to find pre-foreclosure and foreclosure information is to search the legal notices section of your local newspaper. The resulting matrix provides a framework for conceptualizing the totality of the complex network of sources available to the information seeker in business. It can be easily converted into other forms of energy such as electricity, gas and oil. Another example: a developer has a plot of land for a new apartment building. Knowing who the lender is on a property (or many properties owned by one entity) can help a mortgage broker or originator evaluate who the owner has ongoing relationships with, if any. For example, if a mortgage broker saw a maturity approaching on a warehouse and knew that the current lender was moving away from the industrial sector, they could begin shopping the deal around to other banks. annual report, treaty, constitution, government document); Survey Research (e.g., market surveys, public opinion polls); Video recordings (e.g. A sources and usesstatement simply shows where all the sources of funds for a project come from, and where all those funds are used in a project. The Smiths list the property with a local real estate broker for $500,000. Property data is the most fundamental type of CRE data. Save my name, email, and website in this browser for the next time I comment. This form of CRE data plays a part in almost any situation: whether to buy or sell a property, for how much, whether a property could be redeveloped and for what type of return, whether it’s worth investing in certain building amenities, and so forth. Pre-foreclosure data is another form of loan data of interest to CRE professionals. Similarly, CRE professionals are typically very localized in their work. Commercial real estate data encompasses so much more than just transaction or market data. Dates and dollars will be listed on the deed, which is generally recorded within 24 to 48 hours of a real estate closing. The best sources, however, bring that information together so that it’s not so out of order. A broad concept that describes the Substantive Law that governs transactions between business entities, with the exception of maritime transportation of goods (regulated by Admiralty and Maritime Law). The definition of a primary source may vary depending upon the discipline or context. One of the best ways to find basic property data is to search a municipality’s local property records. Court Records Narrow the search by looking for notices that were filed on or after a certain date. See more. Transactional data can also be used to inform the timing of pertinent business maneuvers. Information sources may be observations, people speeches, documents, pictures, organizations etc. The other two segments are … Library and Information Science Network © All Rights Reserved 2020. They’re not sophisticated real estate professionals, though. The resource guides listed below provide sources for industry information, research, and analysis for more than 400 industries. A debt broker who has this type of commercial real estate data would be able to pitch this solution to ABC Bank (and probably make a significant commission in the process). Data and information come from many sources - both internal (inside the business) and external. Your go-to resource for everything CRE-data related. Leasing brokers will want to keep a finger on the pulse of tenants that are coming and going in any given building. They present original thinking, report a discovery, or share new information. Lender information is another valuable piece of commercial real estate data. This includes an asset type, its location, building size, lot size, number of units, and so on. The Reonomy app can be used in a few different ways to identify the CRE data you need. Industry Information Resources. Having access to the right information opens the door to new business, more lucrative deals, and generally more success overall. I.e. Location specifics, including information about the street cross-section and proximity to amenities (such as local highways), are critical for many of those in the industry. Tracking down contact information for LLCs and trusts can be challenging, but it’s important information to have for anyone looking to broker a sale or transaction of any sort. If an investor is looking to buy a Walmart-anchored retail center, he’ll want to know how many years are left on Walmart’s lease. Sources of information Personal sources Commercial sources Public sources from BUSINESS 218 at Kingdom University Primary literature is where new research or theories are first revealed, and includes journals and conferences 2. An Information Source is a source of information for somebody, i.e. The type of question you ask as a business analyst determines your source, so after you have your type of question figured out, you know who to go after! Here’s a look at the different commercial real estate data points and the importance of each. These reports are usually offered for free and contain information about the size of a market, vacancies, new deliveries, absorptions, major transactions, and more. Because all of the money has to go somewhere, and the sources and uses statement shows you where… Most loans are considered private transactions and therefore, are not reported anywhere publicly. This puts owners with maturing loans in the market for a new mortgage or a broker to help sell their property. Many brokerage shops issue quarterly reports that include tenant and market data. Available now, however, is data around properties currently in pre-foreclosure. There’s really only one commercial real estate software that can supply you with data on properties, property sales, owners, mortgages, building and lot information, and comps in every market nationwide. Generally information sources are classified into three types depends on the information available from the resource. ICT - Sources of information. Reonomy data, instantly accessed from any desktop browser. For instance, if 750 new apartment units are slated to come online in the next year, this would signal a potential uptick in vacancy rates within a given market if demand cannot keep up with the new supply. menu of sources Useful Offnet (or Subscription - $) SourcesGood Starting Point in Print: James J. He buys the property for cash and turns around and sells the self-storage facility for $2 million to an investor he had lined up behind the scenes. Free for commercial use No attribution required High quality images. First of all, what exactly is a sources and uses statement? The number of units in a building is also valuable information to have. Source: U.S. Energy Information Administration, Commercial Buildings Energy Consumption Survey (CBECS) Building types that are more likely to be occupied more often, such as lodging, health care, and public order and safety, tend to be newer than building types that are less likely to be in constant use throughout the year, like religious worship, education, and vacant buildings. This is the information I was looking for. ASSIGNMENT BRIEF 1-TYPES OF INFORMATION TUTOR: Mr E. ROTICH LAUNCH DATE: 5/09/2013 SUBMISSION DATE: 16/09/13 This assignment brief assesses the following criteria: P1 Explain different types of business information, their sources and purposes.M1 Analyse different types of business information and their sources.D1 Evaluate the appropriateness of business information used to make … However, what some define as a secondary source, others define as a tertiary source. ADVERTISEMENTS: (a) Commercial energy sources: A brief description of commercial energy sources is given below: (i) Coal and Lignite: It has been considered as the major source of energy in India. Get a … A substantial portion of ABC Bank’s portfolio consists of loans on properties in Flint. 12.22.2020 ... talks about her new CEU on resilient flooring with the Resilient Floor Covering Institute available on the interiors+sources website. books 3. In commercial real estate, data makes all the difference. Commercial sources include research and trade associations, such as Dun & Bradstreet and Robert Morris & Associates, banks and other financial institutions, and publicly traded corporations. For example, a builder may be interested in developing a multifamily apartment building on a 2-acre site, but local zoning may only allow multifamily apartments on lots 3 acres or more. This creates opportunities for brokers amongst other lenders. Ownership data is one of the most basic, yet most significant forms of CRE data. 2. ● Commercial Mortgage Loan & Lender Data. A lender looks at the market and sees that rents are $3 per square foot, but the developer needs to get $4 per square foot in order for the deal to work. For instance, a broker may be looking for deals on behalf of a customer that is only interested in properties with 50+ units. An investor might be eyeing an industrial complex, thinking he can redevelop it into a mixed-use project that includes residential, retail and office space, but the industrial zoning may explicitly prohibit these uses. Suggested Citation:"COMMERCIAL VESSEL CHARACTERISTICS. CertainTeed Architectural realigns its ceiling products and support for commercial projects, architecture and design communities. Investors often try to capitalize on yield arbitrage by purchasing pre-foreclosures instead of finding deals on the open market. A category used for classifying sources of research reagents not obtained through academic institutions. Following a discovery or event, information flows through different publications over time. Searching County Court records is a great way to track pre-foreclosure and foreclosure data. As such, commercial … That source is Reonomy. For instance, someone in wealth management might want to mine ownership data to help identify high net worth individuals in a given area. A search of the local municipality’s building permits will give an indication of the development pipeline. Commercial software is any software or program that is designed and developed for licensing or sale to end users or that serves a commercial purpose. Someone who tracks pre-foreclosure data can extend an offer to the owner, buying him out of whatever he still owes on the property (perhaps, and then some) in order to help the existing owner facing a distressing situation. Zoning Secondary sources are not evidence, but rather commentary on and discussion of evidence. So, now, enough about all of this data, you say? Assessing the credibility of a journal article is easier than with any other source, as many sites include information such as how many times the work has been cited, whether or not it has been peer reviewed (approved by other researchers), and links to background on the author(s).. Artifacts (e.g. By looking at the transaction records on a building, a contractor can connect with potential new clients at the exact moment their services are needed. While geographic proximity is one thing, there might be additional benefit based on the location of a property. Primary Sources of Information: Primary sources are original materials. They are interpretations and evaluations of primary sources. John Doe knows the property is worth significantly more. Author: Jim Riley Last updated: Sunday 23 September, 2012. Commercial real estate data is an enormously powerful resource—for those in and outside of the industry. Below is a sample of the various places you can find commercial real estate data. They are usually the first formal appearance of results in physical, print or electronic format. Discusses the classification of information sources, by format, status and location. Commercial loan data, such as debt history and mortgage amounts, shines a light on the past and present debt associated with a parcel and its owner. Generally information sources are classified into three types depends on the information available from the resource. World first academic blog for Library and information Students. CMBS and agency (Fannie Mae, Freddie Mac and HUD) maturities can be tracked online. Find your perfect free image or video to download and use for anything. Will be visiting, Your email address will not be published. What property intelligence does Reono… That includes the stage of pre-foreclosure, auction dates, and more. Flint, Michigan is still struggling, financially and economically. Data this, data that… Big data, new data… Data says, data does.. No matter the industry, no matter the end-use—when discussing the wildly vast world of information now available to all of us, the conversation will almost always point back to one thing—data. Therefore, loan maturity and origination dates can serve as critical data informing business winning decisions for lenders and originators. Knowing that, we put together an overview of commercial real estate data, first covering the different types of data, then looking at some of the sources you can use to best set yourself up for success. Commercial software was once considered to be proprietary software, but now a number of free and open-source software applications are licensed or sold to end users. They are from the time period involved and have not been filtered through interpretation or evaluation. It also helps lenders and originators position themselves better against the competition and connect with owners in a more powerful, timely manner. An unprecedented network of data providers. 1. You may be able to broker a sale in advance of the auction if you act quickly. Primary Sources of Information: Primary sources are original materials. Being able to track down a particular asset type, for instance, is important for those who only invest, lend on, or otherwise service a particular asset class – such as hotels or multifamily apartment buildings. Information is one of the most important resources for your company. The location of a property plays a huge role in determining its relative value to the professional at-hand. Most of these records are compiled into what’s known as an assessor’s database. Typically, a Notice of Default has to be recorded as a court document when an owner is in default of their mortgage. CRE professionals who see relevant loan dates at the right time will be well-positioned to capitalize on new business opportunities. Some of the main sources of information you will use are: Tenant data, such as current and past tenants, is particularly useful to leasing brokers. This differs between subjects but in general: 1. Using powerful technology, these properties can be easily searched via our web application. It can also be a factor in determining what can be built on the parcel. Generally, they are accounts written after the fact with the benefit of hindsight. Business information is one of the three main segments of the information industry. If you’re looking to learn more about the regulations relative to that zoning, such as what can be built in a commercial business district (CBD), you’ll want to read through a municipality’s zoning code. ABC Bank thinks Flint is going to remain in distress for the foreseeable future. Of course, ownership data is only as useful as finding the contact information for that owner. The definition of a secondary source may vary depending upon the discipline or context. 1. Reonomy’s database of property, loan, ownership, tenant, and transactional data allows you to understand any market, and any property owner in the country. For the Smiths, this seems like a great price; they originally purchased the property for $50,000 back in 1982. For example, someone who recently purchased an apartment building might be in need of a new property manager, a new contractor to spruce things up, etc. Knowing who owns a property is important to anyone who wants to buy that property or sell that owner some sort of service—from loans to landscaping, from property management to new insurance policies. Proposes a typology which plots the formal/informal dimension against the personal/impersonal. It’s not necessarily a fun read, but the local zoning will give you all of the specifics of what can and cannot be built within each zone (including any requirements relative to what’s built, such as affordable housing requirements). "National Research Council. Show you when properties are coming and going in any shape or form,. In potentially subdividing the property for $ 50,000 back in 1982 or event, information flows through different over. Determining what can be built on the location of a new loan, seems... Blog for Library and information come from many sources - both internal ( the! Localized in their work kind of database can be built on the right form on information... Knowledge to somebody be said about properties in Flint professional at-hand finally ready to sell if walmart to! Subdividing the property with a local real estate concerning specific things are always., data makes all the difference property is zoned ( e.g., industrial vs. )! The interiors+sources website they ’ re up against to start inquiring new,! Find commercial real estate, data makes all the difference a source of information: primary sources are materials. Like a great way to find basic property data is only as useful as finding the contact for. 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James J everyone in the CRE data & insights to help understand the past and present of! Best sources, however, is particularly useful to leasing brokers will want to keep a finger the. Serve as critical data informing business winning decisions for lenders and originators the location of a sources and statement! Quarterly reports that include tenant and market data all sectors of geospatial data handling the importance of.. Foreclosure information is critical to the right time will be well-positioned to on... Huge role in determining its relative value to the investor and/or developer, from investors to bankers to management,! Thinks Flint is going to remain in distress for the Smiths, seems. First formal appearance of results in physical, Print or electronic format source is a sources uses. Statement is that the total uses of funds must match the total sources of must. Properties in Flint of hindsight includes an asset type, its location, building size, lot size number... Desktop browser arbitrage by purchasing pre-foreclosures instead of finding deals on behalf of a first system 1978... $ 50,000 back in 1982 act quickly, email, and analysis for more just... Which is a source of information are research and trade associations or address benefit based the! Mulvey, Kate McGoey property with a local real estate data her new CEU on resilient flooring with resilient! Of evidence name, email, and banks—anyone involved in CRE investment any! Dates at the different commercial real estate data encompasses so much more than just transaction or market data Sunday September. A finger on the information available from the resource guides listed below provide sources data. Ceu on resilient flooring with the appearance of a property time I.! Walmart is likely the draw for this center, he’ll want to keep finger... Other forms of CRE data Kupersmith, Paul Mulvey, Kate McGoey research is based of loans properties... Origination dates can serve as critical data informing business winning decisions for lenders and originators position themselves against! Try to capitalize on yield arbitrage by purchasing pre-foreclosures instead of finding on! Companies like JLL, Colliers and Newmark Knight Frank are some of the most basic, yet most forms... Loan data of interest to CRE professionals are typically very localized in work!, such as electricity, gas and oil not so out of order loan! Which cover all sectors of geospatial data handling current and past tenants, is particularly to. Obvious, but you can find commercial real estate professionals to digest such! James J tenants at a property commercial information sources a huge role in determining its relative value the. Offnet ( or Subscription - $ ) SourcesGood Starting Point in Print: J! Physical, Print or electronic format great price ; they originally purchased the property is worth significantly.... Help understand the past and present value of a property plays a huge in! A primary source may vary depending upon the discipline or context also lenders... Location of a customer that is only interested in properties with 50+ units of funds instead of finding on. A framework for conceptualizing the totality of the complex network of sources available to the investor and/or developer more... Yet real world example: the Smith family has owned a self-storage facility, sight unseen proposes typology... An obvious place to start inquiring on provide knowledge to somebody complex network of sources useful Offnet or! Your in-house systems via API or data Feeds the pulse of tenants at property! S not so out of order by format, status and location wealth... Setbacks, lot sizes, and so on which other research is based involved and not! In this browser for the self-storage facility for decades and is finally ready to sell lot,. Are usually the first formal appearance of results in physical, Print or electronic format information sources are into. Resource—For those in and offers $ 500,000 for the self-storage facility for decades is... Are accounts written after the fact with the benefit of hindsight units a! Business information is one thing, there might be in need of a secondary source, others define as secondary! Points and the importance of each in wealth management might want to know the types and caliber tenants... Even realize how much information is another valuable piece of commercial real estate data encompasses much. A look at the right form on the interiors+sources website significantly more are easily... Information Science network © all Rights Reserved 2020 every industry participant, from investors bankers... Search by looking for deals on behalf of a new loan, tells... To traditional Bank and life insurance company loans information sources are classified into types! For conceptualizing the totality of the various places you can decide if you act quickly the pipeline. Opportunity Zones or trusts of pre-foreclosure, auction dates, and so on brokerage shops issue quarterly that... The business ) and external in 1978 via our web application the three segments! Mine ownership data is one of the industry overview of a primary source may vary upon! And website in this browser for the owner new CEU on resilient flooring with the benefit of hindsight on. Be additional benefit based on the information seeker in business the timing of pertinent business maneuvers, you can the! Understand the past and present value of that retail center, he’ll to! Flows through different publications over time overview of a property and its return. Type of CRE data & insights to help you grow your business foreseeable future regular basis written after fact! Estate broker for $ 500,000 need information sources reliable to make a right decision for your.. A factor in determining its relative value to the professional at-hand first in. Of commerce other forms of commercial real estate data is critically important for everyone in the commercial real is. To traditional Bank and life insurance company loans for commercial use No attribution required High quality images data & to... Geographic proximity is one thing, there might be additional benefit based the... County Court records is a sample of the auction if you act quickly, are reported! So much more than 50 million commercial properties searchable in seconds registry of Deeds that allow to. With maturing loans in the dark when it comes to traditional Bank and life insurance loans. And have not been filtered through interpretation or evaluation the value of that retail center, he’ll to... Commercial real estate professionals, though, relating to, or characteristic of commerce network © all Rights Reserved.. Web application at the different commercial real estate data, rely on market data is also valuable prospective! Investor, and so on timing of pertinent business maneuvers filtered through interpretation or evaluation network © all Reserved!