Distress is cheap, but tough to manage

Distressed commercial properties are available practically anywhere, at discounts up to 60%. But managing those assets will be more difficult even as the economy recovers. So says Rachel Elias Wein, principal of St. Petersburg-based WeinPlus Associates and a property management consultant. Although investors are able to easily buy loans on distressed assets, she says, managing […]

Operating Distressed Commercial Real Estate Assets as Economy Recovers

ST. PETERSBURG, Fla. — For investors with cash, the economic recession is rife with opportunities, allowing purchases of office, retail, industrial and multifamily properties at discounts that range from 40 percent to 60 percent and more. But managing those assets as the economy recovers will be more difficult than the already challenging distressed acquisition process, […]

Tenant Retention, Renewal is a Cost Effective Development Strategy

Tenant retention and lease renewal ranks as one of the most cost-effective development strategies a commercial property owner can implement. Old-school landlords might smirk at such a claim, but for the new genera­tion of professional property managers, property owners and advisors who will define Florida’s post-recession real es­tate market, tenant retention ranks at the top […]

WeinPlus Launches New Website to Assist Commercial Property Owners Maximize Revenues

ST. PETERSBURG, Fla. — WeinPlus Real Estate Advisory Services, the St. Petersburg firm that works with commercial property owners, developers and management firms to maximize revenues and streamline development and construction practices, has launched a new web site at www.weinplusassociates.com to teach real estate professionals how to prosper in a recessionary economy. Rachel Elias Wein, AIA, […]

WeinPlus Awarded Consulting Contract

ST. PETERSBURG, Fla. — WeinPlus Real Estate Advisory Services in St. Petersburg was recently awarded a major consulting contract to optimize tenant improvement and ground-up construction processes for Equity One, Inc., the Miami-based real estate investment trust that specializes in the acquisition, asset management, development and redevelopment of quality retail properties throughout the U.S. Rachel […]

Recovery Agent

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When times were good in commercial real estate, property owners weren’t all that concerned about saving money. Now, naturally, they want to cut costs in any area that makes sense — and that has turned out to be good business for Rachel Elias Wein.

Rachel Wein, Principal of WeinPlus to Speak at University of Florida School of Architecture

Rachel Elias Wein, AIA, principal of WeinPlus, Associates Real Estate Advisory Services in St. Petersburg, will speak at the University of Florida School of Architecture on Jan. 14. Wein said she plans to address the challenges and opportunities that face entry level architects in the field. Wein, who earned Bachelor of Design, Master of Architecture and […]

Analysis, Renegotiation Saves Developer More Than $2 Million

In November 2009 development of the Meres Town Center grocery-anchored retail project in Tarpon Springs, Florida nearly ground to a halt when the site contractor – crippled by the real estate downturn – filed Chapter 11 bankruptcy and stopped paying subcontractors working on the project. For investor/developer Forge Capital Partners, Meres Town Center was a […]

Commercial Real Estate Markets Appear to be Improving

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Cautious optimism continues to be the theme of Tampa Bay area commercial real estate veterans and industry analysts. Cushman & Wakefield’s third quarter market report notes improved consumer and business confidence. A same period analysis by Studley, the tenant advisory firm, is headlined “Poised for Growth.” “In Tampa Bay, indicators that showed that the region […]

St. Petersburg Consultant Focuses Management Techniques Honed at Motorola, Toyota to Improve Quality, Cut Costs of Real Estate Development

Sophisticated management techniques perfected at Google, Toyota, Ford and Motorola are helping Florida real estate developers cut costs, improve their delivery schedule and develop higher quality facilities for corporate and retail clients. Rachel Elias Wein AIA, who heads WeinPlus Real Estate Advisory Services in St. Petersburg, said she focuses techniques that power the world’s most […]

WeinPlus Real Estate Advisory Services Marks $3 Million in Savings For Client Companies Over Past 18 Months

With a nationwide recession that has centered on the real estate market, commercial property owners are looking hard at ways to reduce costs. That’s a big plus for WeinPlus, the Real Estate Advisory Services company headed by architect and development consultant Rachel Elias Wein, AIA of St. Petersburg. Wein, former development manager with the Sembler […]