If you are a commercial property owner that is looking to expand, or just needs capital to invest in your business, a sale-leaseback may be a good option for you. A sale-leaseback is when a property owner, who is also an operator, sells their property but continues to operate it by leasing back the property from the new owner. The seller is able to pull their money out of the real-estate through the sale,…
Banner 2019 for Lee & Associates Prompts Promotion of Senior Agents
Pennsylvania – March 16, 2020 – Lee & Associates announces the promotions of two senior professionals in its Eastern Pennsylvania office. Patrick Lafferty II and Eric Zahniser were each named Vice President moving into 2020. Mr. Lafferty II, is an industrial agent representing tenants and landlords in the greater Philadelphia region with a concentration on the I-95 and I-295 corridors in both Pennsylvania and Southern New Jersey. He is known for providing his clients with…
Valerie Bowman Joins Lee & Associates, Broadens Corporate Services Capabilities
February 18, 2020 Pennsylvania—Lee & Associates, a national full-service commercial real estate brokerage firm, announced today the addition of Valerie Bowman, as Executive Vice President. Ms. Bowman is a well-established Corporate Services executive, with significant experience and focus on global transaction management, portfolio optimization, and strategic planning for international corporate clients. Residing in Philadelphia and Toronto, Valerie represents multiple cross-border clients in the Life Science, Retail and Industrial arenas. “Val brings a very important experience…
What’s Trending in CRE?
Keeping up with the latest CRE trends can be daunting while trying to run your own business. We’ve put together a short list of topics trending in the commercial real estate world to keep you current. Continued Growth in E-commerce: In 2018, according to the US Commerce Department, E-commerce sales totaled approximately $517B and accounted for over 14% of all retail sales in the United States. E-commerce sales have grown at an average of 15%…
Is Your Property Ready for Spring & Summer?
Northeast winters can be rough on your building’s exterior. Is your property ready the elements of Spring and Summer? • Has your snow contractor damaged curbs or landscaping? Now is a good time to document the damage. • What is the status of your landscaping contract? • Start securing estimates for paving repairs, asphalt sealing, and line striping. • Do you have a service contract on your HVAC units? If not, Spring is a good…
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…
Philadelphia Region Construction Design Trends
Philadelphia Region Construction Design Trends The numbers above are based on buildings 100,000 SF and up. The information contained in this graphic has been obtained from sources deemed reliable, but no warranty is made as to the accuracy thereof. Certain information is forward-looking in nature and represents estimates of development timing and design, all of which are subject to change. All information is submitted subject to error and omission, as well as a change in…