Over recent decades, getting a Phase 1 environmental report completed has become the norm when buying and selling commercial property. Buyers and lenders simply need to know if a property may have any contamination that needs to be remediated, as the price of doing the remediation can become substantial. In addition, if you’re a property…
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In the early 1980s, we experienced the prime interest rate being above 20%. We were in an economic recession here in the U.S. back then, and people weren’t too excited in knowing that if they purchased commercial real estate, they’d be asked to pay more than 20% in annual interest on their loans. But in…
Read MoreSo often we hear stories about how the real estate market is doing nationally, and oftentimes this can represent a direct reflection of how the market is doing for us locally, too. But if the local economy is heavily dependent on one specific industry, how that industry is doing can have a dramatic impact on…
Read MoreIn the early 1980s, we experienced the prime interest rate being above 20%. We were in an economic recession here in the U.S. back then, and people weren’t too excited in knowing that if they purchased commercial real estate, they’d be asked to pay more than 20% in annual interest on their loans. But in…
Read MoreThe economy has been chugging along fairly nicely in most areas for several years now. But this then always begs us to ask the question, “When will we experience the next economic downturn?” This isn’t a question that we often like to ponder, but at the same time, we’d always like to anticipate what’s coming…
Read MoreOftentimes owners can believe that overpricing their property when they first put it on the market can be a good idea. They can sometimes begin thinking, “Why not just ask for a lot more money than I can expect to get?”, but this can then create problems… When a property first comes on the market,…
Read MoreWe’ve all received E-mails over the years from someone claiming to be from an African country, and telling us that they’re trying to get tens of millions of dollars out of their country. Then they appeal to us to begin working with them to get the money out of their country, and they tell us…
Read MoreThe Holiday Season is now upon us, and this represents a time when everything can begin to feel like it’s slowing down. Once we begin to get close to Thanksgiving, and then continuing on all the way through the New Year, people’s sense of urgency around making real estate decisions can begin to wane. If…
Read MoreAs expected, the November election was a showdown. The pollsters predicted that Hillary Clinton had a 90% chance of winning the election, and somehow, surprising all of the pollsters, Donald Trump emerged as the winner. So what does this now mean for commercial real estate? Well, we’ve probably never had a President who has as…
Read MoreFasten your seatbelts, because everything that’s been building towards this upcoming election will now be decided on Tuesday, November 8th. Can you remember a time when there’s been so much drama, anger, and hostility building up towards a major election? The people supporting the two major Presidential candidates have oftentimes been very hostile towards the…
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