Bringing Real Options Trading to the Commercial Real Estate Market

By John Smollen, Head of Exchange Traded Products and Strategic Relations, MIAX, and Jesse Stein, Managing Principal, Advanced Fundamentals LLC

Consider the value of a 15-story Class B office building with four elevators in the central part of any American city.

John Smollen, MIAX

While its value may have always fluctuated, based on some tangible, measurable factors you could estimate closely its value in February 2020. Then came the pandemic.

All the tenants are now working successfully from home. You don’t know how many will renew their leases or what office space in general will be worth post-pandemic.

Now multiply that scenario tens of thousands of times across every class of commercial real estate and you begin to see the scope of the commercial real estate valuation problem.

While it is certainly true that the pandemic has ravaged many classes of assets, those investment sectors often have something previously unavailable

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Express Briefing: Voters with disabilities have more options, but some say not enough accessibility

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Belen Bracamontes assists her mother, Victoria Bracamontes, after they voted at the AT&T Center in San Antonio on Wednesday, Oct. 21, 2020.

There are more than 250,000 disabled residents in Bexar County older than 18, accounting for about 17 percent of the area’s eligible voters. Many of those have an ambulatory difficulty.

With the increase in safety regulations concerning the coronavirus pandemic and other changes in the process, accessibility is easier, advocates say.

Not everybody has it easier, though. Jane Paccione, who uses a wheelchair, found the second machine that takes in the ballot printed out after voting was too high. Read more about a variety of voting experiences, including curbside voting and voting by mail, in

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Large Mount Wellington Industrial Site For Sale Offers Gateway To Add-value Options

Marua Road.

The industrial land and
building housing a leading Auckland fencing supplier has
been placed on the market for sale with a range of add-value
and redevelopment options.

The three-storey building
on a freehold site at 228-230 Marua Road, in the heart of
the Mount Wellington/Ellerslie industrial precinct, is fully
leased to pool fencing and balustrade specialists City
Fencing Limited – with additional rental from a cell phone
tower operated by New Zealand’s largest mobile phone

The Marua Road property generates holding
income of $100,712 plus GST per annum. City Fencing Limited
pays annual rent of $90,000 plus GST for its office,
showroom and workroom space on a lease running through to
2021, with a further six-month right of renewal.

Vodafone cellphone tower at the site generates income of
$10,712 plus GST per annum on

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The foolproof guide to buying a mattress, including 12 options we love

Our editors independently selected these items because we think you will enjoy them and might like them at these prices. If you purchase something through our links, we may earn a commission. Pricing and availability are accurate as of publish time. Learn more about Shop TODAY.

The law will tell you I entered adulthood at age 18. I’m not sure that’s true. It wasn’t until I was 20 and mattress shopping at Ikea that I felt like an actual grown-up.

Mom wasn’t there to help me pick it out, and Dad wasn’t there to pay for it. That was probably for the best, though. My parents still sleep on a waterbed.

Thanks to several moves, a breakup and buying my first house, I have since bought a few more mattresses. Still, there are several things I wish I’d known before I bought each of them.

If you don’t have the

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