Wednesday, 4 May 2011

Bentley Forbes Shares General Information On Commercial Real Estate

Bentley Forbes says, property is normally split into two categories, residential and commercial. Commercial real estate investment focuses mostly on office buildings, warehouse/industrial properties and retail spaces. In the 1800’s because U.S. expanded westward, there was new cities developing everywhere. Even so, assets developers had even just your goals: to identify a requirement, become partners with governmental and personal companies, and come up with successful methods to mass residential, workplace, manufacturing and warehouse requirements. The development belonging to the commercial real estate industry in america was largely driven by three main factors: the development westward, rapid population growth, and the dawn from the industrial revolution. In the 1950’s commercial real estate saw development in a whole new area on the advent of suburban communities.

Bentley Forbes Real Estate Property Bentley ForbesBentley Forbes says the city of Chicago can be an amazing demonstration of growth. In 1840, there was greater than 90 cities in the U.S. larger than Chicago. In only 20 years, individuals went from about 5,000 to much more than 90,000. By 1900, the population exploded to more than 1.7 million. Cities like Chicago which can be served by both rail and water transportation were ideally located. These cities soon became hubs for both manufacturing and industry. Since the requirement for jobs rose, the population rose; and because the population rose, the advantages of more jobs rose. land developers were devoted to developing commercial properties that supplemented the factories that operated. These included not alone work buildings and warehouses that directly supported the factory operations, but also nearby apartments or condos to house the growing populations required to act on the factories. A factory owner may need considered himself just a businessman, but he was actually the origin on the modern real estate developer: the factory came first, followed by warehouses and offices to compliment that factory, and then places where his workers could live.

Restricted to a finite amount of land from the cities, two inventions provided for additional commercial development. Those two inventions were the steel-framed skyscraper and also the elevator. Buildings could certainly be built greater than in the past, providing for additional offices or apartments using one piece of land than in the past. The elevator made these tall buildings practical. Bentley Forbes also says that particular results of this industrial and population growth was the call to support it with retail spaces. The advantages of grocers, butchers and bakers grew plus they all needed stores that sells their wares. Along the way, shops were established in large cities to produce the varied wares the growing population needed. Large blocks of land with large buildings were needed to house these stores.

The Post-World War II period within the U.S. saw additional, but similar, developments that helped to vary the real estate industry. Rather than the population increases that spurred previous development in big cities, it was a population shift that spurred a new era of development. People, particularly families, did start to leave the cities for newly developing suburbs. This population shift made a huge requirement for new shops to support the shifting population. Thus the mall, strip-mall and supermarket came into prominence. At the same time frame, office buildings and also of commercial properties begun to follow the population migration, putting workplaces closer to the modern and growing Even today as new suburban communities sprout up, area of the master arrange for these new communities includes commercial and retail spaces.

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Friday, 25 March 2011

New Bentley Forbes News

BentleyForbes is a privately-held commercial real estate investment company focused on acquisition, ownership and management of Class A office buildings, luxury resorts and hotel properties.  Founded in 1993 by C. Frederick Wehba and his son C. Frederick Wehba III, the family has been involved in the acquisition, development, ownership and management of commercial real estate for over 25 years.

BentleyForbes actively invests in multi-tenant commercial real estate properties in prime locations. During the past four years, BentleyForbes has successfully completed the purchase of several Class A office and hospitality properties in diverse markets, summarized as follows:
Building Size – Square Feet
Prudential Plaza
Chicago, Illinois
Bank of America Plaza
Atlanta, Georgia
Las Olas Centre
Ft. Lauderdale, Florida
Preston Commons
Dallas, Texas
Sterling Plaza
Dallas, Texas
Washington, D.C.
Park Center
Dallas, Texas
Arlington, Texas
Four Seasons Resort and Golf Club
Irving, Texas
431 rooms; 2 PGA golf courses
Home of the HP Byron Nelson Championship
BentleyForbes is staffed by a team of senior executives and industry professionals with expertise in commercial real estate acquisitions, asset management, finance, investment banking, corporate operations, transaction due diligence and legal. The strategic oversight of the Company is directed by its Executive Committee, which includes the co-founder, C. Frederick Wehba II as Chairman, other members of the Wehba family as well as James (Jim) M. Kasim as President & COO.

BentleyForbes is privately owned and its family controlled Executive Committee is able to act much more quickly than a public company trypically can. The Company is headquartered in Los Angeles, California and also operates regional offices in Atlanta, Chicago, Dallas, Ft. Lauderdale and Washington, D.C.

Saturday, 12 March 2011

About Bentley Forbes

Bentley Forbes is one of the nation’s fastest growing, privately-held commercial real estate investment companies. The Company is focused on the acquisition, ownership and management of trophy Class A office buildings, luxury resort and hotel properties and select high-quality industrial and retail facilities in major markets throughout the United States.

The Company was founded in 1993 by C. Frederick Wehba and C. Frederick Wehba II. The Wehba family has been involved in the acquisition, development, ownership and management of commercial real estate for over 25 years.