Commercial Real Estate Insurance- What You Need to Know

04/21/20 • 25 min

When was the last time you reviewed your commercial building insurance policy?

Cecil Cummins of Hyatt Commercial sits down with Bill Reagle, Principal Agent with CNR Insurance, and has a great conversation around how to best structure commercial building insurance policies, to ensure commercial building owners will not be under-covered when they need a claim to payout.

Bill started CNR Insurance over 18 years ago and has since acquired two additional insurance brokerages to expand his practice. They are a staple in the Annapolis, MD community.

When was the last time you reviewed your commercial building insurance policy?

Bill started CNR Insurance over 18 years ago and has since acquired two additional insurance brokerages to expand his practice. They are a staple in the Annapolis, MD community.

Previous Episode

Architecture & Commercial Real Estate Development Entitlement Process

"Engage. Listen. Respond. Keep Dialogue Open...I think that is what is required to be successful in this market; it is the ability to really listen to what you are hearing...so that you can respond successfully" - Leo Wilson

Cecil Cummins sits down with Leo Wilson of Hammond Wilson Architects to discuss aspects of Commercial Real Estate as it relates to Architecture and Site Development. Listen in to hear Leo offer suggestions on what strategies developers can have to be prepared for when they consider redeveloping or building a property from the ground up, and the intricacies of navigating the code, variances, and community input.

For twenty-five years, Leo Wilson has brought expertise, leadership and vision to the firm’s clients. Leo earned a Bachelor of Science degree in architecture at The Catholic University of America and a Master of Architecture degree at the University of Pennsylvania, where he was awarded the Van Alen Traveling Fellowship, enabling him to pursue a summer of independent study in Italy. He credits his creative pursuits outside of architecture – from watercolors, to figure sculpture, to letter cutting in stone – with developing his eye for form and composition. Leo’s passion is the water. He is an avid sailor, windsurfer, kite boarder, fisherman and surfer.

“I grew up on a small barrier island along the New Jersey coast and have always been inspired by seaside architecture. These buildings must withstand the constant punishment of the coast and ever-changing tastes in design. The buildings that stand out gracefully over time are the ones that interest me.”

Next Episode

MultiFamily and COVID-19 from the Man who Predicted '08-'09

Mike Hananel, CEO of Strategic Growth Real Estate and Cecil Cummins Discuss the current situation, along with the short-term and long-term implications of COVID-19.

As the CEO of Strategic Growth Real Estate, Inc., the Commercial Real Estate Brokerage, Investment, and Property Management firm he founded in Los Angeles in 2012, Michael Hananel brings nearly thirty years of entrepreneurial experience in business operations and real estate management to the table. A third-generation real estate investor and second-generation real estate broker, Michael has a lifetime of experience in the real estate industry, including the founding, in 2006, of WNY Metro Horizon in Buffalo, NY, a company he grew to over 600 apartment units under management before he sold the company for $36.0 Million in early 2015.

As a devoted student of the economy, money and monetary policy, in 2005 Michael foresaw the housing crash and anticipated a massive downturn in the housing market in Los Angeles and nationwide. He began selling all of his apartment building investments in Los Angeles and encouraged his clients (whom he managed apartment buildings for) to do the same. He then began researching markets all around the United States to see if there would be a safer market to roll those funds into (for tax deferral purposes) that would withstand a nationwide housing downturn.

Buffalo, NY fit his investment criteria perfectly so he opened an office there and began making investments there and bringing many of his LA clients into the Buffalo market with him. In 2005, when he began investing in Buffalo, it was ranked by Moody's as the 72nd best real estate market of the 100 largest cities in America. When he sold in 2015 Kiplinger's Finance Magazine ranked Buffalo as the #1 real estate market in the country (of the 100 largest cities in America) during the Great Recession from 2007 to 2014. Michael's clients who invested with him in Buffalo made an average overall return of 312% (34% average annual return) during the Great Recession.