Suite Life Magazine
Alternative Lenders Offer Financing Options to Commercial Community
Although banks today are closing on fewer than 30% of all applications submitted, that’s still an improvement over the 15% of a couple of years ago. As always, the financial markets abhor a vacuum and a new breed of lenders has entered the marketplace. For the first time in... Read more
Commercial Office Trends And Alternatives For Start-Ups
Across the country, we continue to see a variety of innovative office space solutions for small companies, entrepreneurs and start-ups. These solutions include innovation hubs, virtual offices, work/home options, executive suites and shared space. Most conventional office landlords strive for long-term leases (three or more years) on at least... Read more
Top 10 Due Diligence Questions to Ask Prior to Purchasing Property
Before closing on a commercial property, buyers should always perform due diligence to make sure they know all material facts about their potential investment. The extent and scope of the due diligence varies with each property and depends on the goal of the buyer. For example, will the buyer... Read more
Is Your Business Prepared For Tropical Storm Season?
The Atlantic hurricane season officially begins June 1st, which means that now is the time to devise a plan for protecting your personal and commercial assets. Having resided in Florida most of my life, I’ve experienced my share of storms, as well as the prepping, planning and anxiety that... Read more
The Unique Benefits, Drawbacks of National, Regional and Local Companies
There are many critical decisions that every commercial real estate advisor must make in the course of their professional career. Having worked in the industry for more than 40 years, I believe that one of the most important is, ”Who should I hang my license with and why?” The... Read more
Planning for a Mass Casualty Event
The recent mass casualty events in Sutherland Springs, Texas as well as in Las Vegas, Fort Lauderdale and around the world have many of us thinking about public safety and how we would react in such circumstances. As a result, prudent property managers are starting to assess their on-site... Read more
The Need for Due Diligence Before Signing a Lease Agreement
As a real estate lawyer, part of my practice involves preparing and negotiating commercial and residential lease agreements. Because commercial lease terms are usually five, 10 or even 20 years, both landlord and tenant should consult with an attorney before signing a legally binding agreement. That way, they can... Read more
Mid-Year Review Suggests Continued Strength in Commercial Market
Brokers with LandQwest Commercial expect continued strength in the commercial real estate market during the second half of this year. The following is a synopsis of their latest MarketQwest report, which examines the performance of some of our market’s most active sectors over the last six months. Land Michael... Read more
2017 Property Tax Appeals and Real Estate Market Observations
The property tax game has changed dramatically since I became the Lee County Property Appraiser’s attorney in 1994 and founded TaxCuts1 in 2003. This year is no different. The wheels of change are ever in motion and the following is an overview of my recent observations. Assessment Caps Have... Read more
Investors Have a Choice of Insurance Ratings Agencies
Recently, I quoted a commercial real estate investor’s building with an insurance company that offered some significant advantages over the property’s existing insurer. For example, the new company’s quote not only lowered the hurricane deductible from 5% to 2%, it also increased the level of business interruption coverage by... Read more