Phil Morris

15 posts

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Phil Morris

Phil Morris

@RetailCRE_ATX

Director of Retail at CIP in Central TX. Expert in tenant/landlord services, retail, and franchise expansion. Musician, Austin FC fan, Family man.

Katılım Ekim 2024
82 Takip Edilen37 Takipçiler
Tristen Palori | Commercial Real Estate
Who does private loans on here? I got a situation where someone inherited a property worth $ 4mm+ from his mom, but she has an existing loan of $800k and needs to pay it off in 30 days or they foreclose. Property has rents of $ 20-30k per monthly currently to support debt payments.
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Phil Morris
Phil Morris@RetailCRE_ATX·
@bethanyjbabcock Too real. Although, the video needs to be WAAAY slower to be more accurate. 😂
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Phil Morris
Phil Morris@RetailCRE_ATX·
@theDSOguy Pflugerville permitting can be brutal. Let me know if I can help with any questions or recs for the buildout.
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David | TheDSOGuy
David | TheDSOGuy@theDSOguy·
Lease signed! We're coming to Pflugerville, Texas! I am massively bullish that this office will be a smash hit. Why? 1. Location, location, location. We snagged the best site in the area. Hard corned, massive traffic counts, great competition ratios and incomes and rapid growth. 2. Marketing We routinely get patients driving 30-40 minutes from this area to our South Austin location. So we've been marketing here already for over a year. We'll saturate the area with marketing before we even open 3. Systems A typical startup would be trying to train a new front desk and build office systems. Ours will already be in place with call center, RCM team, and cloud practice management software. 4. Skin in the game We use partners for most of our practices instead of associates. When you own the practice, you care a lot more about it success AMA!
David | TheDSOGuy@theDSOguy

We put an LOI in on a lease space for our next location in Austin this weekend. Great demographics, highly visible end cap space on a corner with great traffic volume. 5% growth rate in the area projected. We’re looking for one more general dental partner for this location. If you know of anyone who wants to take the leap to ownership, I’d appreciate an introduction!

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Phil Morris
Phil Morris@RetailCRE_ATX·
@CREdebtDorian 2 or 6 for the bathroom options and great convo along the way. Best convos happen waiting for the bathroom wearing a suit, every time.
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Dorian
Dorian@CREdebtDorian·
You are boarding this 8 hour flight and can choose any available seat. Which spot are you taking? PS. (You are wearing a red tracksuit)
Dorian tweet media
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Phil Morris
Phil Morris@RetailCRE_ATX·
@bethanyjbabcock Does it still have a working pool lift chair? Necessity is the mother of all inventions. 🤷🏻‍♂️😂
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Bethany | Commercial Real Estate
Bethany | Commercial Real Estate@bethanyjbabcock·
We have a listing with a very deep and very large pool. No interest from the swim schools. Best use of the pool? Wrong answers only.
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Phil Morris
Phil Morris@RetailCRE_ATX·
The "Retail Mullet": Business in the Front, Fulfillment in the Back! Heard the term for retailers in flex/industrial spaces—showroom upfront, fulfillment center in the back. Can. Not. Stop. Thinking about it. #RetailMullet
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Phil Morris
Phil Morris@RetailCRE_ATX·
@CoyDavidsonCRE Same. I was just saying this morning that I will pay a monthly but not commit to longer term usage with the pace of new tech tools coming out (weekly). And we’re likely only seeing the output from the initial AI wave as those biz’s finally have their products ready to launch.
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BigJtheToothGuy
BigJtheToothGuy@JK73617229·
@theDSOguy @RetailCRE_ATX Let me guess, he is negotiating your newest lease....50 bucks a foot plus 12 NNN? Or is it even more? Seems like a home run!
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David | TheDSOGuy
David | TheDSOGuy@theDSOguy·
If you’re not following @RetailCRE_ATX give him a follow! Just had some coffee with him and he knows his stuff! Always great taking X connections to real life!
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Phil Morris
Phil Morris@RetailCRE_ATX·
@theDSOguy Great to connect in the real world! Absolutely great conversation and information swap.
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Phil Morris
Phil Morris@RetailCRE_ATX·
@theDSOguy Got an absolute go to in Austin who will do what it takes to get it done. Happy to make an intro. Just DM me.
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David | TheDSOGuy
David | TheDSOGuy@theDSOguy·
Anyone have recommendations for a SBA 504 lender for commercial real estate?
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Phil Morris
Phil Morris@RetailCRE_ATX·
@RE_Ari18 Still see pent up interest with low vacancy rates in retail. Solid opps in new builds but cost of capital killing local biz build out options. Working with devs & owners to pivot where possible. Natl tnts passing on ATX for better economics in HTX and DFW. Quality 2nd gen is king
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Ari Michaeli
Ari Michaeli@RE_Ari18·
12 years of doing this, market has never been slower than it is right now.
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Phil Morris
Phil Morris@RetailCRE_ATX·
@jchal We got rid of it. Haven’t regretted it once with Crexi in tow.
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Jason Chaliff
Jason Chaliff@jchal·
Loopnet? More like Poopnet 💩 Because the leads are all crap.
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