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
- Is Now The Time For A Condo Conversion
In a recent issue of our newsletter we wrote about the different types of commercial investments that have been converted to condominium projects. The Condo Conversion- When an investor is seeking an investment in a new condominium project, the possibility of purchasing an existing rental property for conversion to condominiums should be considered. While building a new property can be profitable, there are many benefits to converting the existing property....
(more)- How To Establish Value In A Shopping Center
When a person is either a buyer or a seller of a shopping center, the question of value for a sale is paramount. How do you appraise such a property? In commercial properties, there are three types of methods commonly used to establish a value for appraisal. They are....
(more)- Landscaping For 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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