The COVID-19 pandemic impacted the real estate market significantly. The world quickly transitioned from business-as-usual to office closures, cautious travel, and work-from-home mandates. As a result, tenants are now more reluctant to sign or renew their commercial real estate leases. According to Forbes, the global commercial real estate deal volume declined by a whopping 35…
At a time when the remote working population was already on the rise, COVID-19 has forced even the most adamant in-house teams to adopt a telework-flow. The coronavirus pandemic has teams out of the office for now – but will the transition to working from home last? This has been a pressing question on the…
As the old adage goes… the two things you can never seem to escape from are death and taxes. Often referred to as the “1031 Tax Free Exchange”. The truth is …. It is not tax free but tax deferred. One of the least understood tax relief provisions of the Internal Revenue Code (IRC) is the tax-deferred…
“Zoning’s fundamental purpose is to protect a community’s health, safety and welfare. It prescribes standards for development by helping to protect public and private interest, preserve critical areas, promote orderly growth, and encourage development in keeping with community desires. These land use regulations are a set of local laws that are codified into a document…
Landlord Representation; For over a century, commercial real estate brokers have had their familiar “For Lease” signs on buildings, marketing vacant space for building owners. We at Coldwell Banker Commercial, Sunstar Realty will on occasion also offer property management services to landlords. We assist Landlords with financing and additionally advise them in the purchasing…
According to Wikipedia; the definition of Capitalization rate (or “Cap Rate”) is a real estate valuation measure used to compare different real estate investments. Although there are many variations, a cap rate often calculated as the ratio between the net operating income produced by an asset and the original capital cost (the price paid to…
Definition of ‘BPO’ : BPO is an acronym used extensively for a “Broker Price Opinion.” While we do CMA’s, or Comparative Market Analysis, for our real estate clients, BPO’s are different. A lender, bank or loss mitigation company may have homeowners with delinquent mortgage payments. In the period before foreclosure, the lender will pay a…
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