JF3721: Tackling 12-Cap Office Deals, Avoiding Land Development Pitfalls, and Navigating Florida’s Insurance Hikes ft. Ken Naim

The Best Ever CRE Show

Best Ever CRE

Investing, Entrepreneurship, Business

4.7 • 996 Ratings

🗓️ 11 November 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ash Patel and Amanda Cruz interview Ken Naim, a commercial real estate investor and manager at Beacon One Capital. Ken discusses the current state of the office market, dispelling myths about its toxicity and highlighting the opportunities available for savvy investors. He shares insights on buying and selling strategies, the importance of creating attractive office spaces, and the challenges of land entitlement projects. Ken also reflects on a significant lesson learned from a land development failure, emphasizing the need for thorough documentation and understanding of local government processes. The conversation concludes with Ken's preference for commercial buildings over land development due to their predictability and lower political risks. Ken Naim | Real Estate Background Beacon One Capital Based in: Lake Worth, FL Say hi to him at: LinkedIn Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action.
0:13.9	For more information, go to bestever show.com.
0:16.9	With office today, it's all about the quality of tenants you have and whether those tenants will live up to their lease and not just the fact that you have a lease.
0:28.3	Welcome to the best ever CRE show, the world longest running daily commercial real estate podcast.
0:33.7	If you want real stories behind the good, the bad, and the worst ever deals, plus insights into what really goes on in the commercial real estate investing, you're in the right place.
0:41.5	Our host interview commercial real estate experts every day to uncover secrets and strategies you can use to become a better, more informed investor.
0:48.9	This is the best ever CRE show.
0:51.5	Hello, best ever listeners.
0:53.3	Welcome to the best ever CRE show. I'm Asch Mattel,
0:56.7	and I'm joined by my co-host, Amanda Cruz. Amanda, how are you? Hey, Ash, I'm great. How are you doing
1:02.6	today? Great to be here with you guys. Our guest today is Ken Naim. Ken is joining us from
1:08.9	Lake Worth, Florida. He is the manager of Beacon One Capital.
1:12.6	They find commercial properties that can be purchased for less than their current market value with upside creating opportunities for investors.
1:20.7	Ken's portfolio consists of three office buildings, three land entitlement projects, and one retail plaza undergoing renovations.
1:29.2	Ken is a repeat guest on the best ever CRE show. And fair disclosure, best ever listeners,
1:35.7	Amanda and Ken and I are all in our commercial real estate mastermind. So we go back a number of
1:41.4	years. Ken, thank you for joining us and how are you today?
1:44.9	My pleasure.
1:45.6	I'm very happy to be here doing well.
1:47.8	All right.
1:48.5	Well, let's dive right into it, Ken.
1:50.1	The best ever listeners can hear more about your background if they just Google Joe
	...

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