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Oriental grants $ 2.8 million financing to Evinmotors

Oriental granted a loan of more than $ 2.8 million for the purchase of a commercial property that will be the new facilities of Evinmotors. The loan was under the 504 program of the Small Business Administration together with Marketing Small Business Finance Corp.

Evinmotors is a company dedicated to the distribution and retail sale of recreational products, outboard motors, and related accessories. Among its exclusive brands, it has the distribution of Sea-Doo brands in jet ski; Can-am for four track and motorboats; Evinrude the oldest brand of outboard motors; KTM and Husqvarna motorcycles. Meanwhile, with this new project financed by Oriental, they will have the return of the exclusive Indian Motorcycles brand.

The company has over 20 employees and will be located in San Juan.

“At Oriental, we offer our clients solutions to meet their financial needs and contribute to the economic development of their businesses. We seek to be a strategic partner in the decision making of our clients, provide them with the tools they need, give them the best service and trust in us, “said Osvaldo Aguayo, vice president of Oriental Business Banking.

To know more about the article, visit the following link; Sin Comillas

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Opportunity Zone Properties

In Cushman & Wakefield | Property Concepts Commercial we are available to answer all your questions regarding the opportunity zone properties that we have available. Make sure you visit our “properties” page to find more about the different commercial spaces that we offer. Not a fan of writing an email? give us a call at 787-977-7373 we are here to help you find the ideal location for your business.

5 Benefits of an Energy Star Efficient Office

Conserving energy has many business benefits that can make your office run more smoothly and bring in profits. If you’re considering implementing energy-efficient practices in your workplace, you might be looking for some specific reasons to make the switch. To give you confidence and change your business for the better, let’s look at five benefits of an energy-efficient office.

1. Healthier Workplace Environment
A sustainable workplace offers many benefits for employees, from improving their health to their happiness. Stress and environmental factors both pose health risks in the workplace, but an improved physical setting can change that. With an energy-efficient office, you might see fewer sick days and turnovers, along with an increase in satisfaction, motivation, and productivity.

Air quality and temperature also affect the well-being of office workers. Overuse of air conditioning can release toxins and other substances that can have harmful health results in the air. Monitoring the thermal conditions and dampness can make employees feel more at ease, reduce stress levels and lower the spread of illness.

2. Lower Operational Costs
Major businesses and large companies can more readily accept the costs of adopting energy-efficient practices, but in the long run, all businesses can save on costs by choosing sustainable measures. Retrofitting seems expensive while turning a facility green, but once these new features are added, building owners can see a difference in their operating costs.

Less invasive eco-friendly changes are even easier and more cost-effective. Other indirect costs from suppliers and logistics can be reduced by identifying and reducing waste — a pillar of energy efficiency.

3. Reduced Energy Consumption
Business costs such as energy expenses can be cut down with efficient procedures, such as upgrading to LED lights or enhancing ventilation.

Businesses are beginning to recognize the extent and impact of their energy use. A study showed 60 percent of executives expected their energy expenses to rise in the next year. To help keep business booming, they are adopting new practices and cutting back on energy use.

The efforts of using green buildings can produce financial benefits, as owners have seen an average ROI improvement of 19.2 percent for existing building projects. Energy consumption like carbon emissions is dropping, saving businesses substantial money. When you switch to energy efficiency, your sustainable efforts can provide profitable results.

4. Better Public Image
Making environmentally friendly advances gives your company a better reputation in the community and attracts customers or clients. Your brand can appear more responsible and capable to the public once you introduce energy-conserving features. Aiming your campaigns or your company’s values towards eco-friendly principles can communicate care that goes beyond your office’s walls.

5. Higher Market Value for Your Building
Green buildings are becoming more attractive in the market. When you make your building efficient or Energy Star certified, the value goes up. The market demand encourages many building owners to invest in energy-efficient developments.

Occupancy rates climb when businesses give attention to their environment and incorporate sustainable actions. If you decide to sell your building or move locations, a green building can drive your facility’s price up. New commercial real estate is increasingly created with energy considerations in mind.

Energy Efficient Strategies
The following solutions can cut costs and energy use for your company if you’re aiming to pursue green practices.

  • Switch from desktops to laptops, because they take significantly less energy to power.
  • Add motion sensors for lights so that no one forgets to turn them off at the end of the day.
  • Check and replace HVAC filters more often.
  • Upgrade old office equipment to energy-efficient models.
  • Use LED lights and signs.
  • Adjust the thermostat based on the season.

Incorporate Energy-Efficient Habits Into Your Office
While you benefit your workplace by adding sustainable solutions, you’re also helping the environment as a whole. Employees and overall profits can both show positive results when you strive for energy efficiency.

An example of an efficient energy building is City View Plaza in Guaynabo PR. For more information CLICK HERE.

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Differentiating Class A, B, and C Office Space

Office buildings are generally classified into one of three categories: Class A, Class B, or Class C. Standards vary by market, and each category is defined in relation to its counterparts. Building classification allows a user to differentiate buildings and rationalize market data — that said, classification is an art, not a science. While a definitive formula for each class does not exist, the general characteristics are as follows:

Class A

These buildings represent the newest and highest quality buildings in their market. They are generally the best looking buildings with the best construction and possess high-quality building infrastructure. Class A buildings also are well located, have good access, and are professionally managed. As a result of this, they attract the highest quality tenants and also command the highest rents.

An example of a fantastic Class A Building is City View Plaza. Located in Guaynabo, Puerto Rico is a great place for your office.

City View Plaza

Class B

This is the next notch down. Class B buildings are generally a little older but still have good quality management and tenants. Oftentimes, value-added investors target these buildings as investments since well-located Class B buildings can be returned to their Class A glory through renovations such as facade and common area improvements. Class B buildings should generally not be functionally obsolete and should be well maintained.

Class C

The lowest classification of office building and space is Class C. These are older buildings and are located in less desirable areas and are often in need of extensive renovation. Architecturally, these buildings are the least desirable, and building infrastructure and technology is outdated. As a result, Class C buildings have the lowest rental rates, take the longest time to lease, and are often targeted as re-development opportunities.

The above is just a general guideline of building classifications. No formal standard exists for classifying a building. Buildings must be viewed in the context of their sub-market; i.e., a Class A building in one neighborhood may not be a Class A building in another.

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City View Plaza Continues to Surpass Tenants’ Expectations

Following Hurricane Maria’s impact on the island, more office occupiers are seeking reliable workspaces within class-A buildings that provide a professional environment with uninterrupted services. In addition to full back-up power and redundancy, as well as the benefits afforded to well-maintained equipment, tenants also look for safe environments for their customers and employees, with such ample security measures as guards, surveillance cameras and secure parking. City View Plaza in Guaynabo has consistently exceeded tenants’ expectations for these requirements.

City View Plaza is a class-A office building and the perfect place for business. It is composed of two separate and connected office towers with the largest parking deck in the San Juan metro area, offering the highest parking ratio for any other building in the capital city. Furthermore, City View Plaza offers the only fenced-in corporate campus, thereby creating a uniquely safe office environment that no other complex can offer.

City View Plaza is at the intersection of PR-165 and PR-22 (De Diego Expressway), with easy access to San Juan, Bayamón, Carolina and its international airport.

 

“We found no other office building in San Juan with the access, ample parking, fabulous views and beautifully kept tropical gardens,” a new tenant explained. “Onsite amenities, such as the bank, beauty salon and wine shop, is frequently visited by our employees, and City View Plaza’s dedicated conference rooms for tenants are what made us decide to choose this building.”

City View Plaza is also welcoming La Hacienda and Café San Pedro as its newest tenants, thereby providing one of San Juan’s best fine-food purveyors to City View Plaza tenants and visitors. Global as well as Puerto Rico’s corporate leaders in their industry call City View Plaza their Puerto Rico headquarters.

To learn more about City View Plaza, make an appointment by calling Cushman & Wakefield | Property Concepts Commercial at 787-977-7373. Puerto Rico’s premier commercial real estate firm will provide a fantastic experience helping your company while also searching for your perfect place from which to do business.

International Council of Shopping Centers’ 2018 Annual Convention

As the largest retail real estate event on the east coast, ICSC New York Deal Making had nearly 10,000 retail professionals from all corners of the US and even some from across the pond, flocking to the Big Apple for the week of December 3rd. This year’s keynote address featured Doug Stephens, founder of Retail Prophet and 20-year veteran of the retail industry.

Also new to their program was “Retail in Focus,” featuring many emerging brands that started out as digitally-native and are now in the various stages of opening strategic physical locations in line with the brands they’ve cultivated on the internet, and where their audience is located.

Our Fernando Toro had the opportunity to sit down and discuss the state of retail in Puerto Rico. Please, see video.

 

 

For more information, you can visit: Cushman & Wakefield Retail Service Recap’s ICSC RECon 2018

SOLD! CENTRIC COMMERCIAL BUILDING

GOING STRONG ON SALES!!

C&W|PCC continues to be a part in the development of the commercial district of Puerta de Tierra area, and with the year end sale of 266 Ponce de León commercial building will bring new opportunity of businesses to the already established tenants, and will bring additional support to the growth of our local economy. If you are looking for a commercial property like this, visit here.

 

 

 

C&W|PCC Helps Banco de Alimentos Secure a New Home

Following the wrath of Hurricane Maria Puerto Rico’s food bank, Banco de Alimentos, decided that it needed a larger more secure facility to store food for the Island’s neediest.  Cushman & Wakefield|Property Concepts Commercial is proud to have assisted Banco de Alimentos in its search, identification and purchase of a larger and accessible facility to accommodate its needs and future growth.  With the assistance of Unidos for Puerto Rico, Fundacion Angel Ramos and various other charitable organizations this transaction was completed.

Cushman & Wakefield|Property Concepts Commercial Reps Buyer in City View Plaza Acquisition

San Juan, Puerto Rico – Cushman & Wakefield|Property Concepts Commercial advised the buyer in its purchase of City View Plaza, a 347,816 square foot Class A office complex in the heart of San Juan metropolitan area.

“City View Plaza stands in a class by itself in Puerto Rico with the most robust offering for tenants in terms of systems, parking, finishes, amenities, access, location and appeal” C&W|PCC’s Fernando Toro stated.