Three Most Important Criteria In Buying Real Estate

Three Most Important Criteria In Buying Real Estate

Q:  We want to purchase an industrial building to house our growing import and distribution business. I have heard that the three most important criteria in selecting real estate are “location, location, and location.” What other criteria would you suggest? In...
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...
Six Essential Rules for Closing Deals

Six Essential Rules for Closing Deals

Q: We are trying to buy an industrial building for our distribution business. We have lost two deals in a row, and are getting frustrated. I’m wondering what suggestions you might have to actually close a deal once you have found the property you want. A: Entire books...
Buy or Lease?

Buy or Lease?

Q: Everyone seems to think that we should buy, not lease, our next building. What is the best way to make this decision? A: While every case is different, there are certain underlying factors that drive the best decision in most buy-lease scenarios. These factors are...
Renew or Move?

Renew or Move?

Q: We lease approximately 7,000 square feet of office space for our law firm. The space works well and is in a good location for our employees. Our lease expires in a year, and we have an option to renew. Is it really worth the effort to consider moving? A:  My...