Fair is fair

Fair is a pretty relative term in the commercial real estate universe.

It depends entirely on which side of the transaction you are as to what your perception of fair may be.

In regard to commercial leasing, does fair apply to the landlord or tenant?

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Why the vast difference between insurance, appraised and assessment Values?

This question that was asked of me yesterday triggered the notion that there was a need to write about it.

Each of these three valuation processes have different end goals. It’s important to understand which value can be relied upon to represent fair market value.

When either a real estate broker or accredited appraiser is gathering information to determine a value, neither the insurance nor assessed tax values are taken into consideration.

It’s not what everyone wants to hear. If you’re hoping for a high value, you’re more likely to quote the number stated on your insurance policy. Let me explain.

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How risky is your investing appetite?

Commercial real estate investing is all about how hungry you are for specific product types.

This desire will, in many ways, be fuelled by your aversion to risk.

How much risk do you think you can chew?

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Is open office right for your business?

There is definitely a trend in the commercial real estate industry to open office concepts.

There are a number of reasons why it works for some office users, but it may not make sense for everyone.

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Greatest gifts of the past year

Christmas is a time to reflect and appreciate all the good things that happened over the past year.

Commercial real estate agents are no different.

And as such, I submit to you the greatest gifts tenants, landlords, buyers and sellers gave me in 2019.

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Agreement for Sale vs Vendor Takeback: which is really better?

With commercial mortgage rates at historic lows and good availability of funds, we don’t find occasion where these alternative finance options are often used.

There are however times when an alternative strategy is required for the buyer to fund the deal.

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How does MY option to renew work?

It was represented to you that you have an option to renew.

There is a specific clause in your lease that spells out details of that option to renew.

However, can that clause effectively achieve what you intend it to?

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Is an apartment building residential or commercial?

Technically, I suppose they’re both!

Though apartments buildings may exist in traditional residential zoning, they absolutely qualify as a commercial investment

Here’s why.

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When time is not on your side

A focus on deal timelines are a necessary evil in our commercial real estate world.

They are the thread that binds conditional lease and sale transactions.

But what happens when issues arise beyond your control that negate those agreed upon timelines?

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Could a long-term national lease devalue your commercial real estate?

We were recently called in to value and market a single tenant property with an existing lease in place. The tenant had been granted an option to renew during their last renewal negotiation.

I informed the owner that we would have been able to achieve a higher price if we were able to go to the market as a vacant property.

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