Northeast winters can be rough on your building’s exterior. Is your property ready for the elements of spring and summer? When spring approaches, you may want to start preparing your building for the conditions these seasons bring. It’s likely there will be something that needs repairs, or there may be improvements you want to make. By keeping up with routine maintenance during seasonal changes, you can save both time and money. Seasonal Property Maintenance Spring and summer bring varying temperatures…
Uncovering Opportunity Zones: 4 Things to Know
There has been a lot of talk about opportunity zones lately and these headlines are catching the eye of many investors eager to tap into this market. As we continue to hear more and more about these new real estate ventures, we want to ensure you know everything you need to about these opportunity zones so you can make a qualified decision on this type of investment. What are Qualified Opportunity Zones? Qualified Opportunity Zones…
Is Your Business Ready for Winter? It’s Right Around the Corner!
Given the summer we have had this could be a winter for the ages! NOW is the time to take ACTION. • Mid-September — Request Bids from Snow Removal Contractors – Consider a 3-year contract, service levels & pricing are normally better – Cheaper isn’t always better! – Do they have the right equipment to handle your property? – Can they get you open in time to serve your customers? – How will they protect your curbs and…
Top Factors in Buying vs Leasing Real Estate
Buying Leasing + + Equity and Asset Appreciation Potential for Rental Income Control/Ability to Modify the Building Lower Long-Term Operating Costs Collateral for Business Development Reduced Upfront Occupancy Cost Potential to Expand & Contract Simplify Budgeting Opportunity to Finance Improvements in Lease Protect Against Market Value Losses – – Closing Costs on Aquisition & Disposition Capital Improvements (roof, parking lots, etc.) Zero Residual Value at Lease Termination Uncertainty at End of Lease Term You…
The Lee Advantage to Lease Expirations
We know leases can be confusing, we’re here to help! Below are 5 things to consider as you approach the expiration of your lease. Be aware of any and all critical dates – Know the date of your lease expiration as well as the timing of any renewal option and/or notification periods. Don’t wait – Plan to begin the process no less than 9-12 months in advance of your lease expiration date or renewal…
Industrial park planned along Route 309 just north of Quakertown
By: Andrew Wagaman Of The Morning Call Twitter @andrewwagaman Real estate investment companies based in Baltimore and Boston are teaming up to build an industrial park along Route 309 just north of Quakertown. A joint venture between MRP Industrial of Baltimore and Cabot Properties of Boston will break ground this summer on two buildings totaling more than 260,000 square feet on West Pumping Station Road in Richland Township, Bucks County. The 23-acre site, called Park 309,…
Top Considerations in Site Selection Via LeeMail
Thinking about relocating your business? Here are a few things you should consider when selecting a site. Accessibility: “Location, Location, Location” Access roads; Can they support the volume of traffic your business needs or will off-site improvements be required? Also, toll roads can add cost to your employees & freight. Labor: Unemployment is reaching historic lows. That means tight competition, wage pressure and supply constraints. Consider the labor story when choosing your location. Utilities: Are…
St. Louis developer to build $45M industrial spec project near airport
By Brian Pedersen, February 2, 2018 – Architectural rendering shows what The Cubes at Lehigh Valley-Airport Road in East Allen Township will look like upon completion. A 40-acre property on Airport Road in East Allen Township is the site for a St. Louis-based developer’s plan to build a 450,000-square-foot-industrial building, a project that could cost $45 million or more. CRG, headquartered in St. Louis, will build The Cubes at Lehigh Valley-Airport Road, which the company…
“We’re Enjoying Pretty Significant Popularity… We’re in Vogue”
By Simon Prichard, Sr. Partner – Gerald Eve in LinkbyLee’s London Calling While the Brexit shock and political instability have left the United Kingdom’s economy subdued compared to other major countries, the commercial property market has been setting new records. The demands on the nation’s top real estate advisors have increased dramatically. The result has been a boon for Gerald Eve, Lee & Associates’ European strategic ally, which was recently honored as ‘National Advisor of the…