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Larry Callahan heads one of the largest developers of industrial real estate in the Southeast, with projects located from Tennessee to Florida. As the chief executive of Patillo Industrial Real Estate in Georgia, Callahan leads his family-owned business in developing and managing warehouse-distribution projects for businesses as varied as compressor creator Bitzer U.S. Inc. to King’s Hawaiian Bakery.
One mistake that property owners often make is not preparing their property for the market properly before they begin selling or leasing it. As an example, most of us, if we were going to be selling our own car to the general public, would have it washed, cleaned, and vacuumed inside,and some of us would even have the car waxed or detailed, too.
When it’s time to begin moving forward on your next commercial real estate transaction, how do you know which broker will be the best one for you? You may be getting prospected by several or maybe even many brokers, but when it’s time to select the one to begin working with, what will be the best criteria for you to utilize when making this decision?
With the New Year now being here, everyone would like to know what the future will hold for us within commercial real estate in 2018. But while we don’t have the crystal ball, commercial real estate industry news resource GlobeSt.com recently sat down and interviewed Situs RERC President Ken Riggs on what we can expect in 2018, and here’s what he said…
With the Holiday Season now being upon us, and with there oftentimes being a natural feeling of slowing down during the Holiday Season, this can be the perfect time to create your commercial real estate game plan for 2018.
If you’ve ever been involved in selling a property and then looking to locate a Section 1031 tax-deferred exchange property, you know what this experience can be like. The moment you close on the initial sale of your property, the clock then begins ticking. You’ve got 45 days to identify the property that you will be exchanging into, and then six months from the closing date of your original sale to then close this “upleg” transaction.
Many people, when they invest in commercial real estate, think in terms of having to come up with all of the money that’s necessary to buy the property on their own. But there’s a different approach that’s also being utilized, and it’s being implemented by some of the most sophisticated commercial real estate investors in the world, as well as by smaller, more entrepreneurial investors, too.
Fractional-reserve banking is a term that many of us have heard throughout the years, but what does it really mean? It can sound impressive and sound complicated, but how many of us have really taken the time to look behind the veil and learn just how this system really operates?
Over recent decades, getting a Phase 1 environmental report completed has become the norm when buying and selling commercial property. Buyers and lenders simply need to know if a property may have any contamination that needs to be remediated, as the price of doing the remediation can become substantial.
When you’re a property owner and you’re leasing space to tenants, finding good, reliable tenants is very important. The last thing you want to have happen as an owner is to sign a lease with a new tenant, and then discover that the tenant creates problems, or that they’re not paying you their rent.