Contact:Robert Felber RobFelber@felberpr.com 330-963-3664
For Immediate Release
CAP hires Nancy Carrillo, CPM as National Sales Executive
CAP continues to expand as the nations’ premier commercial property maintenance organization
Salt Lake City, UT, April 10, 2014 — Commercial Asset Preservation, LLC (“CAP”), a nationwide provider of general maintenance, preservation, day porter and inspection services for heavily vacant commercial real estate headquartered in Salt Lake City, Utah, announced today that Nancy Carrillo, CPM, has joined the firm as a National Sales Executive. Most recently, Ms. Carrillo served as Vice President of Asset Management for GE Capital Franchise Finance, where she managed a large national portfolio of leased retail, restaurant, and surplus properties. She brings more than 20 years of real estate experience specializing in property, asset, and facilities management. Her background includes managing office, retail, commercial, gas/convenience stores and industrial properties, including brand new Class A properties. Ms. Carrillo holds an Associate of Science in Real Estate Management degree and is a Certified Property Manager (CPM). Additionally, she has undertaken extensive professional development skills courses, including coursework at the Wharton School of Business.
“We are thrilled that Nancy is joining our firm not only because she has a significant asset management background and real estate experience, but also because her character, vision and ideals are very much aligned with our culture at CAP,” said Marc Insul, President & COO at CAP. “Her wealth of knowledge and industry experience makes her a tremendous resource to our growing enterprise.” To reach Nancy directly, email nancyc@commercialpreservation.com or contact her at (407) 883-1139. (Photo attached)
About CAP
Commercial Asset Preservation, LLC is a nationwide provider of general maintenance, preservation, day porter and inspection services for heavily vacant commercial real estate. The performance of CAP’s services help protect abandoned and vacant properties so that they retain value and do not further deteriorate, become vandalized, or receive a citation from the local governing authority for their physical condition. For more information, visit www.commercialpreservation.com or call (800) 445-0640.
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Judge has moved fast to clear up hard nuisance properties cases
/in UncategorizedFranklin County Environmental Judge Dan Hawkins sent the owner of a vacant, blighted motel to jail two weeks ago.
Fu Ih Chu had missed his court-ordered deadline to demolish the Motel One on the East Side.
To read the entire article click here
Empty big boxes are finding new purposes in Minnesota
/in Uncategorized(Reprinted from StarTribune Business)
The ubiquitous big-box concept has reached middle age, but many of the stores never had much of a life.
Bankruptcies, downsizing and changing needs among retailers resulted in thousands of closures nationwide. But fortunately, some of these dormant spaces have entered inventive second acts, with Minnesota now home to some of the more unusual examples of big-box reuse.
To read the rest of the article click here.
DDR Corp. launches program aimed at recapturing high-quality anchor store locations
/in UncategorizedReprinted from Crain’s Cleveland Business
Seizing initiative as change roils retailing, Beachwood-based DDR Corp. (NYSE: DDR) on Thursday, May 29, announced it has launched a program to recapture high-quality anchor store locations across its shopping center portfolio to lease them to growing chains at higher rents.
In what it described as a multiyear program, DDR said in a news release that at locations where it can install new, growing tenants, it is working with retailers in the big-box category to right-size their real estate footprints before their leases expire. Such tenants typically are shedding locations as they reposition their businesses, including suffering retailers for books, electronics, toys, office supplies and traditional department stores.
To view the entire article, click here
Looking for Reclaimed Wood? The City of Detroit Joins the Salvage Business
/in UncategorizedNOTE: Commercial Asset Preservation has the ability to work with salvage operations on commercial buildings to reclaim materials that can be re-purposed.
Reptinted from NEXTCity.org
Salvaging historical materials from blighted houses set for demolition has long been an urban pastime, but now, the city of Detroit wants to get in the game as part of Mayor Mike Duggan’s blight removal strategy.
The initiative, which they hope will launch next month, is part of the Mayor’s broader blight strategy, now with an eye on preservation as opposed to straight-up demolition.
Reclamation isn’t anything new. Practically every city in America — from New York City to Minneapolis — has reclamation shops ready to sell you a piece of old bowling lane you can turn into a kitchen countertop. But what is new is having the city take the lead and mandate salvage as part of a blight clearance program.
To read the entire article, click here
Charles Village finds its ‘Mojo’ in quest to fill vacant storefronts
/in Uncategorized(Reprinted from the Baltimore Sun)
In an effort to fill vacant storefronts with businesses that residents want, community associations in Charles Village and Old Goucher are partnering with Spotmojo, a California-based ‘crowd-sourcing’ company that does neighborhood-based market research, free of charge to communities.
“After digesting it, we thought, it doesn’t cost anything,” said John Spurrier, a real estate agent and a member of the land use committee of the Charles Village Civic Association. “It could be a great opportunity to contact residents about what they’d like to see in specific locations. I figure we can’t lose.”
CAP hires Nancy Carrillo, CPM as National Sales Executive
/in UncategorizedContact:Robert Felber RobFelber@felberpr.com 330-963-3664
For Immediate Release
CAP hires Nancy Carrillo, CPM as National Sales Executive
CAP continues to expand as the nations’ premier commercial property maintenance organization
“We are thrilled that Nancy is joining our firm not only because she has a significant asset management background and real estate experience, but also because her character, vision and ideals are very much aligned with our culture at CAP,” said Marc Insul, President & COO at CAP. “Her wealth of knowledge and industry experience makes her a tremendous resource to our growing enterprise.” To reach Nancy directly, email nancyc@commercialpreservation.com or contact her at (407) 883-1139. (Photo attached)
About CAP
Commercial Asset Preservation, LLC is a nationwide provider of general maintenance, preservation, day porter and inspection services for heavily vacant commercial real estate. The performance of CAP’s services help protect abandoned and vacant properties so that they retain value and do not further deteriorate, become vandalized, or receive a citation from the local governing authority for their physical condition. For more information, visit www.commercialpreservation.com or call (800) 445-0640.
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Nine Retailers Closing the Most Stores
/in UncategorizedReprinted from 24/7 Wall Street
Brick-and-mortar retailers have been suffering from slow economic activity for years, as well as from increased competition from online retailers. The rise in store closings is a prominent sign of their struggles. Weakened companies cannot afford the real estate and personnel costs that go along with supporting hundreds of unprofitable locations. The clearest proof of the problem was Radio Shack’s recent decision to close more than 1,000 stores.
Closed schools could add to Memphis’ blight
/in Uncategorized(Reprinted from WMCTV.com)
“The police patrol it the best they can, but you can only do so much … be better to have it gone,” said neighbor Semmie Askew.
Other closed schools have been demolished. A couple of signs stand as the only remains of Graceland Elementary in Whitehaven.
The uncertain future of school buildings is a major reason one board member voted against closing schools.
For the rest of the story click here
Seeking Safety: Crime and blight still remain
/in Uncategorized(Reprinted from fayobserver.com)
New apartments near downtown Fayetteville are evidence of the city’s most significant effort to turn
around a troubled neighborhood. Five years ago, apartment complexes began to rise where once stood two of the most rundown and crime-infested public housing projects in the city – Campbell Terrace and Delona Gardens.
The last apartments will be finished by June, marking the end of a $120 million project funded largely through federal Hope VI grants for distressed public housing.
But just beyond those new town homes and apartments – in what has long been considered Fayetteville’s poorest neighborhood – crime and blight stubbornly remain.
For the rest of the story click here
Emmanuel Pratt’s mission to turn blight into farms and to grow entrepreneurs
/in Uncategorized(Reprinted from Chicago Tribune Blue Sky Innovation)
That will change if Emmanuel Pratt has anything to say about it. He envisions a network of urban farms across Chicago, feeding both people and new businesses in blighted food deserts.
He says his facility, run by the Sweetwater Foundation in conjunction with Chicago State University, is an incubator for all the elements that need to grow to make this happen. Chicago State calls it the Aquaponics Facility for its emphasis on the food-processing system that combines aquaculture (raising aquatic organisms) and hydroponics (growing plants in water).
For the Rest of the story click here