Royce Durhman, CCIM

Commercial Real Estate Broker in Minneapolis/St. Paul #MSP, helping the world fill up #space. Industrial, office, and #CRE #investment properties

[Royce Durhman, CCIM @RoyceDurhman]

@ZaneNavratil Most entertaining rivalry matches to date: 1) Matt Wright/Fed vs. Arnold/hunter Johnson 2) Matt Wright/Dekel Barr vs. Loong/Garnett 3) Matt Wright/AJ Koller vs Alhouni’s…. Honorable mentions are any match with Rafa Hewett and any match with Hayden Patriquin

[PeterSweden @PeterSweden7]

1. Brazil gets a new Socialist leader.

2. They demand that people get censored for "misinformation"

3. X refuses to censor.

4. Brazil bans X.

5. People using VPN to use X will be fined $8900 PER day.

There is a lesson to be learned here.

Communist tyranny is never far away.

[Wall Street Mav @WallStreetMav]

Imaging what happens to home building when you remove the govt restrictions. 🤨

[Royce Durhman, CCIM @RoyceDurhman]

@Inman NAR completely failed real estate agents. What are we paying them for?

[Inman @Inman]

BREAKING: NAR agrees to settle lawsuits for $418 million in damages and would agree to not create rules that allow listing agents to set compensation for buyer brokers as part of the settlement. Full story: https://t.co/LuGESy9SJA

[Royce Durhman, CCIM @RoyceDurhman]

@realEstateTrent Most lenders only accept phase I and phase IIs if they are less than 6 months old

[Royce Durhman, CCIM @RoyceDurhman]

@TAYVAY_ Flow

[StripMallGuy @realEstateTrent]

The numbers are in.

US Commercial Real Estate Transaction Volume is down 63% in Q4 vs Q4 2021!

Office: -57%
Industrial: -59%
Multifamily: -72%

Countless real estate agents, mortgage brokers, etc waiting for something to give as the bills keep coming.

[Royce Durhman, CCIM @RoyceDurhman]

@BuckyBeeman Would they look at Farmington? I have a single tenant, one story office building with a large outdoor lawn area for a playground. It would be an easy conversion as the office is mostly open. About 7,000 sf. Great visibility and good traffic counts.

[Royce Durhman, CCIM @RoyceDurhman]

@realEstateTrent Phase IIs and environmental remediation

[Charlie Bilello @charliebilello]

Price increases over last year (CPI report)...
Gasoline: +49.6%
Used Cars: +37.3%
Gas Utilities: +24.1%
Meats/Fish/Eggs: +12.5%
New Cars: +11.8%
Overall CPI: +7%
Food at home: +6.5%
Electricity: +6.3%
Food away from home: +6.0%
Apparel: +5.8%
Transportation: +4.2%
Shelter: +4.1%

[Royce Durhman, CCIM @RoyceDurhman]

@MasonFiascone Are you sending letters to your prospects before the calls?

[StripMallGuy @realEstateTrent]

My Real Estate Journey So Far, a Thread 👇🧵

There are lots of different ways to get into the commercial real estate business and stick around, but this was mine:

1) Getting In

I graduated from college in 2002 without any idea of what I wanted to do, and I didn’t know

[Minnesota Department of Transportation @MnDOT]

The votes are in: After more than 122,000 votes cast, we’re excited to announce the winners of our Name a Snowplow contest! These eight names will soon be on snowplows across the state. Learn more: https://t.co/4BFXpnrtaz

[Minneapolis/St.Paul Business Journal @MSPBJnews]

Total sales transaction volume shrank in the Twin Cities commercial real estate market, but industrial assets fared better than most.​ https://t.co/K3kxmehjj0

[Royce Durhman, CCIM @RoyceDurhman]

@covid_clarity Someone needs more research money

[NEWSMAX @NEWSMAX]

The minimum wage push: It's well-intended but you can add it to the pile of bad ideas in execution, says @SchmittNYC. Rob and business analyst @HeatherZuma break it down: https://t.co/VlT7z8drtO

[Royce Durhman, CCIM @RoyceDurhman]

@natalie_CRE10X Does it rhyme with smells largo?

[Royce Durhman, CCIM @RoyceDurhman]

@YandellWood Gotta charge for them. If done properly they take a lot of time!

[Royce Durhman, CCIM @RoyceDurhman]

It would be really great if brokers would list the NOI for investment properties without making me have to jump through the hoops of signing an NDA...It’s an INVESTMENT property!!