In the world of commercial real estate, leases come in various structures, each with distinct implications for both landlords and tenants. One of the most common lease types is the NNN lease, or triple net lease. Understanding what NNN means and how it operates is crucial for anyone involved in commercial real estate—whether you’re a property owner, investor, or business tenant. In this...
2024
Land development is an exciting and complex process that transforms raw, undeveloped land into a usable space for residential, commercial, or industrial purposes. Whether you're a real estate investor, builder, or entrepreneur, land development offers significant opportunities for growth and profitability. However, it also requires careful planning, investment, and a deep understanding of the local market...
The Fed has officially cut the prime rate by 50 basis points (1/2%). We will not see an immediate .5% drop in mortgage rates because they are tied to the 10-year treasury and the expected rate drop was already priced in. However, this is great news for commercial rates and the long-term trajectory for residential mortgage rates. In the long-term, this should offer much-needed relief for buyers and making...
Navigating the world of commercial real estate can be a complex and challenging endeavor. Whether you are looking to buy, sell, lease, or invest in commercial properties, having the right expert on your side can make all the difference. This is where a Certified Commercial Investment Member (CCIM) comes into play. CCIMs are recognized as some of the top professionals in the commercial real estate...