Why Not-For-Profits Should Buy Real Estate

Why Not-for-Profits Should Buy Real Estate

Our organization is not-for-profit and we are leasing space that we now have outgrown. Does it make sense for us to consider the purchase of new office space? I would answer with a resounding, “Yes!” There are many factors that contribute to whether any organization...
Gotchas

Gotchas

We need to relocate our offices in the next year, and think we have most of the bases covered. Are there any common mistakes that you see on a consistent basis that we may be missing?  I could probably fill a book with the mistakes that I have seen (and made) in...
Generating Cash with a Sale/Leaseback

Generating Cash with a Sale/Leaseback

Our business has owned and occupied a small office building for over 15 years, and we are considering refi­nancing. Would there be an advantage to a sale-leaseback over refinancing? Each method, refinancing and a sale-leaseback, have different advantages and...
General Contracting or Construction Management?

General Contacting or Construction Management?

We will be closing on an industrial building shortly, and will need to reconstruct approximately 12,000 square feet of office space. I have heard that Construction Management is a better way to build. Is it, and how does it work? There are two major ways to hire a...
Maintaining Your Property Like a Professional

Maintaining Your Property Like a Professional

Our firm is not large enough to employ a full-time property manager for the building we own. Do you have guideline or checklists that one of our senior managers could use to make sure everything is completed in a timely manner? You do not have to have a full-time...