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Best Practices 1189
Is a Commercial Building Worth More Vacant or Leased?
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.investopedia.com As we’ve discussed – commercial real estate is owned by those who occupy it with a business or investors who rely upon the rent the […]
Constructing a Credible Build to Suit Work Letter
This post originally appeared on SimonCRE Insights Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. The provisions regarding construction are normally captured in the work letter of the build to suit lease. With a coordinated team of expert consultants and with a little leverage, a tenant should […]
Relationships with Bankers are Key
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Before you go out and start looking at buildings, contact your local bank and schedule an appointment with the branch manager. Ask them to […]
Simplifying Renovation and Redevelopment
This post originally appeared on Lee and Associates Orange Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. A lot of commercial property will need to undergo some sort of updating process when you first buy it. All commercial property will need an update at some point in its […]
Negotiations are Stuck! Now What? _ Suggestions
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.spacelink.com Commercial real estate transactions require negotiation. Duh! But, candidly, the back and forth is my least favorite part of a deal. Many consider the volleying […]
Eight often forgotten rules of a 1031 exchange
This post originally appeared on Burt M. Polson's Real Estate Journal and is republished with permission. Find out how to syndicate your content with theBrokerList. Photo by Oziel Gómez on Unsplash An investment property owner selling a property can potentially owe up to four different taxes: deprecation recapture of 25 percent, federal capital gains of […]
Steps Commercial Property Owners Can Take to Avoid a Fire
This post originally appeared on Southpace Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. The fire that damaged a significant portion of the Notre Dame Cathedral in Paris this April was truly devastating. The flames raged on for hours before first responders could get the fire under control. […]
Commercial Real Estate is Still Local – Three Reasons
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. When I started plying my trade in the early eighties – our means of sourcing new business were the phone, a Rolodex, shiny shoes, and a big smile! […]
“How do I qualify?” and other questions
This post originally appeared on Burt M. Polson's Real Estate Journal and is republished with permission. Find out how to syndicate your content with theBrokerList. Photo by Camylla Battani on Unsplash I am asked questions daily by my clients. Problem-solving is what us brokers do because there will always be issues, conflicts, and dilemmas that come about. Below […]
Mortgage Loans: They Aren’t all Created Equal
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Occasionally, someone will sell their building on a land contract. This mean the buyer puts down an agreed upon amount and then the […]
With the Slowdown – How should you Change – 4 Ways
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.homesphere.com I read with great interest this week a column by Jeff Collins entitled Home Seller’s Market Cooling wherein he reports the year over year home […]
What’s the difference between a listing agent and tenant rep agent?
This post originally appeared on tBL member Michael Kushner's blog Omni Realty Group and is republished with permission. Find out how to syndicate your content with theBrokerList. The use of the term real estate agent casts a broad umbrella under which people tend to lump all real estate professionals into the same category. The truth […]
Alcohol Licensing and Process – DC Style!
Many of our clients ask us about the alcohol licensing process and related requirements in order to sell or serve booz in the District of Columbia. The type and class of license required all depends on the nature of the operation. For eaxmple, A Retailer’s Class A License is required to open a liquor store and must […]
Is Price Important – 5 Reasons Why it’s Not!
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: portfolio.nowmarketinggroup.com This could be the shortest column EVER! Of course price is important. End of story. But, because I have a bit more space – allow […]
New Industrial Buildings – Why not More of Them?
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.newdesignsforgrowth.com Industrial buildings – where folks make, store, stage, service, and ship things – have been the darling of investors and developers for almost ten years. […]
Evict or Stay: Commercial Tenancy in Prince George County
We manage and lease several commercial buildings in Prince George’s County Maryland. We have found it’s especially important to follow up quickly with any late paying tenants and assess their financial situation. This is especially true in Prince George County where it often involves both filing in District Court for possession and then filing a […]
What is a Tenant Rep Broker?
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.leechanggroup.com A commercial real estate professional’s work is generally divided between agency assignments – listings – wherein an owner is represented or tenant or buyer representations. […]
5 Random Commercial Real Estate Thoughts
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.brianbolding.com Every now and then, it’s fun to empty the inbox of my consciousness and share with you some disparate thoughts circling my brain. So, in […]
Commercial Real Estate Floor Plans
Many commercial property owners do not have current floor plans of the spaces within their building. We recommend commercial owners hire a contractor to visit their vacant spaces, take measurements, and create a floor plan. When leasing out a commercial space to a new tenant, utilizing a floor plan is an effective way to show […]
A Week in the Life of a Commercial Broker
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.kapre.com As commercial real estate professionals we have two commodities – our time and our information – aka our market knowledge. Therefore – we must spend […]
5 Things I Learned in 2018
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: mrallthingsmoney.com With the year of 2018 almost in the books and 2019 dawning in a couple of days – what follows are the commercial real estate […]
Commercial Property Management Qualification Questions
1 Q: What are the management and leasing fees your company charges? How do you collect the fees? Our management fees range from 4% to 10% of the collected revenues depending on project size, scope and estimated workload. Our fees are deducted before owner distributions. The leasing fees are calculated based on the lease value […]
Commercial Real Estate IBuyers – Will we See Them?
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.houserealestate.com I read with great interest Jeff Collin’s column entitled – Will Online IBuyers Upend Home Sales? If you missed the column – shame on you! […]
How to Sell a Gas Station or Car Wash With PREP Specialist Victor Buendia
This post originally appeared on tBL member Progressive REP Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. Victor Buendia I recently sat down with Victor Buendia, Progressive Real Estate Partners’ resident gas station and car wash sales specialist, to discuss the differences in selling this type of asset that […]
Do Asking Prices Matter?
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.realestateagentcairns.com As a seller of commercial real estate – you’ve typically three goals – to dispose of your property for the most possible dollars, in the […]
Commercial Tenant Water Bills
In most commercial leases, water and sewage charges are in the utility section of the lease and usually the responsibility of the tenant. So if the lease says, Tenant is responsible for all utilities associated with Property, then the water bill is their responsibility. Yet, if the water bill is not paid by the tenant, […]
Is Your Building Ownership a Mirror Image?
This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.clipartpanda.com Commercial real estate ownership is a beautiful thing! What other investment can you own and experience the tax advantages of depreciation, passive income treatment, and […]
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