This month's newsletter has just been released! Check out the latest tips for tenants and users of commercial real estate space. In this issue
- Are Condo Conversions–A Good Investment
The developer can build a condominium complex from scratch. The time will vary on the location, but it may take years from the start of the first unit. For a quicker time period, the alternative might be a condo conversion....
(more)- How To Establish Value For A Shopping Center
The shopping center of today is a change from the centers built originally. They were a collection of stores for retailing, rather than a newer, more modern mix of businesses and entertainment. The average shopping center or mall has had certain characteristics in the past.....
(more)- How To Landscape For Both Profits and Image
Owners and property managers must watch the nickels and dimes as well as the dollars that are spent on the property. Save one dollar in operating costs and (assuming a 10% cap rate) value of the property increases by $10. That is why owners are always looking for new ways to economize. In addition to saving money, we are always looking for a way to invest a little in the property for a good return. A well-planned landscape has a recovery value of 100% to 200% in increased rentals at the typical suburban office building. In addition, the owner gets back more than just dollars spent; the landscaping dramatically influences an owner’s positive image in the community....
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