How to Slash Commercial Construction Costs

How to Slash Commercial Construction Costs

Q: I nearly fell off my chair when I received a quote from a general contractor to renovate and enlarge our office space. I had no idea that costs had climbed so high. Any suggestions? A: Yes, there is a way to slash 10% or more from your commercial...
Evaluating the Buyer

Evaluating the Buyer

Q: We are selling an industrial building and have multiple offers that are very close. Besides price, how else would you evaluate the offers in making a final decision?  A: This has been a common occurrence on Long Island in the last few years (and...
Negotiating with Your Existing Landlord

Negotiating with Your Existing Landlord

Q: My lease is coming due within a year. I intend to renew. I don’t need a broker, right? A: The reasonable assumption goes something like this: “I have a good and long-established relationship with my landlord. I know what I can afford to pay and will negotiate a...
How to Unlock Equity in a Frozen Equity!

How to Unlock Equity in a Frozen Equity!

I recently wrote of the steadily increasing value of commercial buildings on Long Island. This is a great time to be thinking about tapping the increased equity you hold in your real estate. Consider a sale-leaseback rather than refinancing your building. There are...
Temperature is Rising!

Temperature is Rising!

It was the lead article in a Long Island business publication not long ago, but not news to the commercial brokerage community. A shortage of available industrial buildings is causing prices to rise substantially. With the availability of low-cost financing and...
The Commercial Real Estate Landscape Today!

The Commercial Real Estate Landscape Today!

The landscape of commercial real estate brokerage has changed substantially since I started my career in 1973. Forty-two years ago it was a different world: no internet, no email, no cell phones, no fax machines, no personal computers, and no FedEx. My listings were...