When budgeting for a commercial development project, keep in mind that costs are typically divided into two categories: hard costs and soft costs. The importance of a detailed budget to the success of a development project, it’s critical to comprehend some of the specifics of these cost breakdowns. You should be able to identify the […]
WHAT ARE SOFT COSTS AND HARD COSTS? Read More »
You should still take extra precautions to safeguard yourself from future liens, even if no obvious title problems are discovered during your net lease acquisition. For example, if your tenant fails to pay for their tenant improvements, you may be subject to a mechanic’s lien being tacked onto the property. Property liens, as discussed in
HOW TO AVOID COMMERCIAL LIENS AFTER THE POSTING (PART 2) Read More »
PART I You’ve heard the saying, “retail follows rooftops,” but how else can you forecast potential appreciation before purchasing that commercial property? Simply put, you make money through CRE by obtaining cash flow, appreciation, and principal buildup through paying down the loan. Regarding appreciation, most commercial property will appreciate if appropriately maintained and its market
HOW TO ESTIMATE THE POTENTIAL VALUE OF A COMMERCIAL PROPERTY (PART 1) Read More »
So you’ve submitted your Purchase and Sale Agreement and are undergoing due diligence. While ensuring no stone is left unturned, remember that there’s more to look out for when uncovering liens against the property. Here are the key points to consider before closing any net lease property. Liens First and foremost, let’s go over
WHAT TO KNOW ABOUT COMMERCIAL LIENS BEFORE THE CLOSING (PART 1) Read More »
The entire collection of documents affecting a specific property determines real estate title. A thorough review of title issues is required for exceptions and requirements. Buyers and sellers of commercial real estate conduct extensive due diligence on the property and the other parties, which can delay the transaction. Let’s look at title exceptions and requirements
MANUFACTURING TITLE EXCEPTIONS AND REQUIREMENTS Read More »
Rising construction costs were respondents’ top real estate and development concern in ULI’s Emerging Trends in Real Estate 2019 survey. Construction costs have steadily risen due to rising material costs and labor shortages. These costs have a significant impact on the value of existing buildings as well as new construction. Property value influencing factors Because
IMPACT OF INCREASING CONSTRUCTION COSTS ON PROPERTY Read More »
Going through the approvals process for a proposed commercial property is comparable to — and sometimes worse than — going to the dentist. It is, however, necessary to determine the real estate feasibility of your project. The process’s sole purpose is to obtain the right to develop or redevelop the property in the manner intended
3 TIPS ON HOW TO EFFECTIVELY MANAGE THE ENTITLEMENT PROCESS Read More »
Architects provide a comprehensive service that is divided into phases. An architect can walk you through project planning, design, and construction stages. If you make the wrong decision, you risk losing the intent of your building and running into design issues once construction begins. While finding an architect can be time-consuming, it is critical to
HIRE THE BEST CRE ARCHITECT USING THESE STEPS Read More »
Although no two projects are alike, the following statement should be true for every projected timeline: Mission: Strike a balance between competing priorities to complete project management and execution on time and within budget. Considering this mission, consider the following factors when creating your project timeline. Before Construction Dimensions, Scope, and Complexity With size, scope,
KEY FACTORS TO CONSIDER WHEN MAKING A PROJECT TIMELINE Read More »
Real estate valuation is required for financing, listing, investment analysis, property insurance, and taxation. An incorrect site valuation can significantly impact the entire commercial real estate project. Because the due diligence process can be quite complicated, we’d like to look at a few factors that can help establish an accurate site valuation. Conducting a
EFFECTIVE WAYS TO ESTABLISH ACCURATE SITE EVALUATION Read More »
