Minding Business

Commercial Real Estate Sale and Purchase Agreements: A Primer

Understanding provisions in CRE purchase agreement is essential for all parties.
Posted by Anna Jotham on August 07, 2019 in  uncategorized
When it comes to contracts for commercial real estate, there is no one size fits all. In fact, everything is up for negotiation. And contracts can be any length and go into any level of detail, not to mention have any number of revisions, so it’s vital that both the seller and buyer of commercial real estate understand the terms and provisions included in that contract. Of course, the purpose of a CRE purchase and sale agreement is multi-fold. It details the property specs, defines stakeholder rights and resp... read more

Tips for Subletting Commercial Property

As a commercial real estate tenant, you may be able to sublease
Posted by Anna Jotham on July 22, 2019 in  uncategorized
When you lease commercial property for your business, you may be allowed to sublease a portion of your property to subtenants. It can be a nice option for businesses that are expecting to downsize or know they’ll have extra space. But before you sublet any portion of commercial property you are leasing to a third party, there are many things you should know. As a tenant, when you sublet to a third party, you become a sublandlord and the new tenant becomes a subtenant.   HERE ARE OUR TIPS FOR SUBLEASING C... read more

4 Steps to Fill Vacancies in Your Building

Increase your odds of attracting quality tenants to your commercial building with these tips.
Posted by Anna Jotham on July 12, 2019 in  uncategorized
When you own a commercial building, you know that empty space is wasted opportunity. And the longer that tenant space remains vacant, the more your losses accrue. Yet it’s a competitive commercial property landscape out there, and finding quality tenants can be tough. So what’s a commercial real estate owner to do? Here are four steps to filing vacancies in your building.   Follow these steps to fill CRE vacancies with quality tenants. Conduct market research Knowing what your building needs to at... read more
Are SBA 504 loans right for your project? As a business or commercial property owner, securing financing to build or build out is no small matter. It’s good to know that SBA 504 loans can provide the financial support small businesses need. But what are SBA 504 loans, and how can they help you?   What are SBA 504 Loans? SBA 504 loans are loans guaranteed by the United States Small Business Administration. The 504 loan allows small businesses to utilize fixed-rate financing, long-term, for an average of... read more

Commercial building valuation best practices

Whether buying, selling, borrowing or leasing, knowing the value of the property is key
Posted by Anna Jotham on June 12, 2019 in  uncategorized
Whether buying, selling, borrowing or leasing, knowing the value of the property is key Determining the value of a commercial property is complex. Yet when it’s time to buy, sell or lease a property, valuation is a necessary step. It’s also important to have your property reviewed if you’ve owned it for some length of time to determine whether your insurance is keeping pace. The problem is commercial appraisals can be far more subjective than a residential appraisal. That’s because the value... read more
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