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Darren Lizzack
Associate VP
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Direct: (201) 478-7372
Direct Fax: (201) 478-7373
P: (201) 488-5800, Ext. 104
F: (201) 488-0246
View my listings
Website: www.naihanson.com
www.naiglobal.com
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A New Jersey based commercial real estate organization that provides comprehensive and sophisticated real estate services to their clients. Founded in 1955 by James E. Hanson, they also provide national and international services via their affiliation with NAI Global, a managed network of over 325 offices in 55 countries.
Our core services include:
- Brokerage Services
- Corporate Services
- Property Management
- Government Services
- Logistics
- Tenant Rep
- Property Valuations
- Investment
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Written by Darren Lizzack
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April 07, 2012 |
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-Including a recent Case Study that should be ready by all Medical and/or Professional Office Landlords
 Last month, my blog focused on commercial transactions that were completed in 2011. The velocity of the leasing market has shown to be more robust than sales volume activity. And although the commercial real estate market seems to be slowly recovering, there are many challenges that commercial property owners face today. I would like to draw your attention to some of the thoughts and recommendations I have recently explored with some of my clients.
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Last Updated on April 10, 2012 |
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Written by Darren Lizzack
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March 10, 2012 |
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I wanted to provide my readers with some encouraging news. The past few years have been challenging for many industries and business sectors, many of them keeping the same goal in mind; staying in business! Many companies have been struggling to survive the economic downturn by cutting costs wherever possible. Many of the costs are fixed in nature and therefore, although some costs cutting measures have been taken, some of these longer-term fixed costs (i.e. rent and/or mortgage payments) have not been so easy to reduce. And many companies have not been focused on the long-term decision making with regards to the commercial real estate needs, however, I think 2012 will be a year for "Turning the Corner" in a positive way.
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Last Updated on March 15, 2012 |
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Written by Eric Peterson
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 The recent economic cycle created the dynamic of office building tenants with leases expiring, paying high pre-recession rents, and trying to decide what to do next. How that scenario plays out will have a significant impact on the market. Do those tenants move-often a traumatic event-or stay, and at what rental rate? Property owners hold the key.
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Last Updated on March 15, 2012 |
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Written by Darren Lizzack
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March 12, 2011 |
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Social Media, Technology, Healthcare, & Commercial Real Estate
On March 15, 2011, I will be one of the guest speakers at the 2011 Interface Healthcare Real Estate Symposium being held at the McGraw-Hill Conference Center in Manhattan. Additionally, I will be moderating a group of panelists discussing the latest technologies used today in association with social media and marketing strategies for leasing and sales designed for healthcare real estate endavors. Joining me on this panel will be Chris Drewes, Partner with Kelley Drye & Warren LLP, Jeff Oram, Director of National Office and Industrial Properties Group with Marcus and Millichap, Travis Tucker, Sr. Leasing with Duke Realty Corporation, and Christopher Montello, Chief Operating Officer with ProMed Properties, Inc.
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Last Updated on March 15, 2012 |
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Written by Darren M. Lizzack, MSRE
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January 20, 2011 |
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Case Study: Today’s cost to build out medical office space in Bergen County, NJ and how it equates to $32.63 per sq. ft.
First and foremost, I hope you all enjoyed the holidays. I want to wish you a healthy, happy, and prosperous 2011! This month’s newsworthy article will focus on the cost of building out a medical office for doctors in Bergen County for 2011. The case study will use a recent project that was completed and ready for the doctor to take occupancy on November 1, 2010; the address of the property is 277 Prospect Avenue in Hackensack (down the street from Hackensack University Medical Center (HUMC) otherwise known as the Bristol House.
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Last Updated on January 26, 2011 |
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Written by Darren M. Lizzack, MSRE
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December 09, 2010 |
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Going GREEN in the Spirit of the Holidays
My G$ft to you that will keep on s$v$ng you money all year long…
In the spirit of the holiday season, I am going to buy you the gift that will keep on giving all year long; all you have to do is click a few buttons on your computer, but trust me, I think you are going to thank me, even those of you reading this who don’t even know me that well yet...
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Last Updated on December 12, 2010 |
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Written by Darren M. Lizzack, MSRE
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November 11, 2010 |
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Snapshot for Medical Office Buildings (MOB) for Bergen County, NJ – What does the future hold for this unique sector?
Back in January (2009) I shared information with readers with respect to Investing in Medical Office Buildings and I thought it would be interesting to look back and see how things have moved forward almost two years later.
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Last Updated on November 22, 2010 |
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Written by Darren M. Lizzack, MSRE
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July 10, 2010 |
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What is a 1031 Exchange (Like-Kind or Tax Deferred) and Why Should You Care?
There are two fundamental reasons someone would purchase real commercial property. The first reason is because the tax code/law enables the property owner to depreciate the asset over time and thereby creating a tax benefit for the ownership. The general idea is that over time, the bricks and mortar of the building lose economic value because like everything else, wear and tear is caused naturally and in theory, you should not be able to sell the same bricks and mortar for the same price many years later after construction.
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Last Updated on August 09, 2010 |
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Written by Darren M. Lizzack, MSRE
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April 15, 2010 |
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I had the privelage of sitting with a group of panelists at the Green Pearl Events Medical Office Real Estate Symposium on March 30, 2010. If you would like to view some of the panel discussions, please click here. If you would like to view my panel discussion, continue reading...
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Last Updated on May 25, 2010 |
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Written by Darren M. Lizzack, MSRE
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April 10, 2010 |
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Healthcare Bill Passes, What Now for Medical Office Buildings (MOB) and Professionals?
I had the privilege of attending and speaking at the Green Pearl Events Medical Office Real Estate Symposium on Tuesday, March 30th 2010 at the McGraw Hill Conference Center in Manhattan. There were over 230 people from 171 firms who attended this well timed event shortly after the new health care reform bill had passed. While I do not want to focus on what happened at the event, I would like to share some of my thoughts after attending this great event. (Click here to view my panel discussion).
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Last Updated on April 15, 2010 |
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Written by Darren M. Lizzack
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February 10, 2010 |
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New Jersey Commercial Real Estate Alliance Unveiled
I hope this message finds you well. I wanted to follow up with my readers this month after the New Jersey Commercial Real Estate Alliance (www.njcrea.com) has been publicly unveiled only one month ago. The concept of this specialized group has been well received from all the people I have spoken with during my travels and I wanted to use this opportunity to express some of the valuable tools that are now available to you and I highly recommend you tap into these resources if need be.
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Last Updated on February 14, 2010 |
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Written by Darren M. Lizzack, MSRE
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January 10, 2010 |
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Letter of Intent (Offer) to Lease Commercial Real Property
I hope you all enjoyed the holidays and I want to wish you and your families a prosperous 2010! Last month, I provided my readers with information on the Letter of Intent (Offer) to Purchase/Sell Real Property. With today’s stringent borrower requirements and increased scrutiny in the banking industry, more companies are steering away from purchasing commercial property and leaning towards leasing options as a good alternative. That being said, this month’s news article focuses on the letter of intent (offer) to lease real property. What are the most critical elements to consider when attempting to lease commercial space in today’s environment?
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Last Updated on January 10, 2010 |
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Written by Darren M. Lizzack, MSRE
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November 29, 2009 |
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Letter of Intent (Offer) to Purchase/Sell Real Property
When you think about purchasing/selling real property, the biggest and most obvious thing that comes to mind is the sale price. While I would agree with you that this is very important, there are many other issues that should be carefully thought out when preparing a letter of intent (Offer to Purchase) commercial property. For the purposes of this blog, I will focus on some of the items that should be considered as you prepare your proposal to acquire real property.
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Last Updated on February 06, 2011 |
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Written by Darren Lizzack
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November 15, 2009 |
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During my travels this past month, I have been speaking to a number of professionals that have all agreed with me that during what is typically the busy season for commercial real estate transaction, activity is still moving extremely slowly! It is not to say that deals are not happening, however, most of the deal activity tends to be lease transactions due to the fact that banks are still proceeding with extreme caution, and your credit must be exceptional in order to take advantage of borrowing money today for commercial transactions. And most of the lease transactions today are typical of renewals, early renewals which Tenants are taking advantage of; Tenants have some leverage to renegotiate favorable terms and in some cases, take advantage of slight rental reductions. The savvy Landlords will do this all day long knowing that with so much vacant space on the market, coupled with decreasing rental rates, they are much better off keeping their existing tenancies and maintain long-term relationships with their tenants.
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Last Updated on January 05, 2010 |
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Written by Darren M. Lizzack, MSRE
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October 09, 2009 |
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Investing in Commercial Real Estate Today and the Foreseeable Future
I know the last couple months, I have been providing a snapshot of the Commercial Real Estate market in northern NJ and I wanted to move away from it for this month’s “blog.” I will discuss something that should grab the average reader’s attention more so than some of my past writings. I am also pleased to announce the unveiling of the Commercial Real Estate Alliance ( www.njcrea.com), which is timed quite well given the growing trend of today’s social networking media; if you haven’t gotten on board with this, you are missing out on opportunities. Up until now, my email blasts have been traditional in nature with respect to proving you, the reader, with information without having the ability to provide feedback and invite the thoughts and comments of others. If you go to my company’s profile, you will find my blog page which will now host all these monthly “newsletters” as blog entries and I invite you to participate and provide feedback for not only for me, but for others to view and comment.
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Last Updated on February 06, 2011 |
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Written by Darren M. Lizzack, MSRE
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September 10, 2009 |
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I hope you all enjoyed the end of summer and you spent your Labor Day doing something that will have created memories to last. With the onset of fall, I wanted to share some of my thoughts with you pertaining to the state of the economy today as we head into the fall season here in New Jersey. I am also trying to prepare you for the unveiling of the New Jersey Commercial Real Estate Alliance (www.njcrea.com) which I have been working with a team of professionals over the past year or so to bring to the forefront a wealth of information that you may tap into to help assist you with making informed real estate decisions.
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Last Updated on November 15, 2009 |
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Written by Darren M. Lizzack, MSRE
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August 12, 2009 |
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This month’s Topics:
I. Commercial Real Estate- Industrial, Office, & Retail
II. Coming Soon- NJ COMMERCIAL REAL ESTATE ALLIANCE (www.njcrea.com)
I hope this email finds you enjoying your summer; I know it goes by quickly for all of us. I wanted to take this opportunity to briefly discuss the latest information as I am seeing things today with respect to each market sector, Industrial, Office and Retail markets. I am also going to share with you some of my general thoughts of where the commercial real estate arena is today and where we are heading. Lastly, I am going to introduce you to something I have been working on putting together with some friends for the past year and a half with the creation of NJ Commercial Real Estate Alliance (www.njcrea.com).
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Last Updated on February 06, 2011 |
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Written by Darren M. Lizzack, MSRE
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July 10, 2009 |
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The past several news articles have focused on snapshots of the economy from the perspectives of various trade professionals. I feel that it would be timely to discuss something taking place in the marketplace today. Companies have been feeling the pinch all across the board with almost every business sector affected by this economic downturn. Many companies are focusing on survival and with that they should be thinking about their commercial real estate needs for today and the future in order to help them operate leaner and meaner in the short-term while positioning themselves for future growth as the economy improves.
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Last Updated on November 15, 2009 |
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Written by Darrren M. Lizzack, MSRE
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June 10, 2009 |
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During my travels this past month, I have been speaking to a number of professionals that have all agreed with me that during what is typically the busy season for commercial real estate transaction, activity is still moving extremely slowly! It is not to say that deals are not happening, however, most of the deal activity tends to be lease transactions due to the fact that banks are still proceeding with extreme caution, and your credit must be exceptional in order to take advantage of borrowing money today for commercial transactions. And most of the lease transactions today are typical of renewals, early renewals which Tenants are taking advantage of; Tenants have some leverage to renegotiate favorable terms and in some cases, take advantage of slight rental reductions. The savvy Landlords will do this all day long knowing that with so much vacant space on the market, coupled with decreasing rental rates, they are much better off keeping their existing tenancies and maintain long-term relationships with their tenants.
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Last Updated on November 15, 2009 |
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Written by Darren Lizzack
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May 08, 2009 |
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During my travels each week, I see and hear many things concerning the state of the economy and the Commercial Real Estate arena. I find listening to what others have to say about the state of the economy and specifically, the Commercial Real Estate Industry, quite intriguing, and I enjoy sharing this information with my readers, and below is what I have found to be of interest during the past month.
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Last Updated on November 27, 2009 |
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