Remove Commercial Property Remove Definition Remove Property
article thumbnail

New leadership in commercial real estate: Mary Lue Peck, BOMA

Yardi Breeze

Henry is a legend in the commercial real estate world as well as the nonprofit association industry. Why BOMA stands out Interviewer : What makes BOMA stand out in commercial property management? Mary Lue : BOMA stands out because of its rich history and unmatched network within the commercial real estate industry.

article thumbnail

Four Types of Real Estate Investments You Need to Know

Real Property Management Chicago

Rental property investors, primarily, have numerous choices as to property type, size, and function. If you’re not yet clear which type of rental property is appropriate for you, start by learning about the four main types of real estate and the purpose of each one. In 2020, it was valued at $33.6 trillion and still increasing.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Hidden ‘Double Whammy’ Facing Owners Who Hand Buildings Over To Lenders

American Apartment Owners Association

With billions of dollars worth of commercial real estate loans coming due, landlords with struggling properties are increasingly giving the keys to lenders and walking away. The average drop in value of a distressed commercial property was 43% between midyear 2023 and 2024,according to Cred iQ.

article thumbnail

New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

Commercial Lease Agreement Rules Have Changed Overview of Legislative Changes The implications of this law encompass foundational alterations in lease agreements, especially concerning rent adjustments, lease termination notice periods, and the stipulations regarding the pass-through of operating expenses, i.e., property taxes.

Lease 52
article thumbnail

What is common area maintenance (CAM) and why should you keep track of it?

MRI Software

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). CAM encompasses the tasks and costs associated with maintaining shared spaces within a commercial property, a fundamental component of real estate management.

article thumbnail

Do You Know WALT (Weighted Average Lease Term), the Commercial Real Estate Guy?

Esquire Property Management Group

Weighted Average Lease Term for Commercial Real Estate Weighted Average Lease Term, commonly referred to as WALT, is an important metric that commercial real estate investors and commercial property managers are well-versed in, or at least they better be.

article thumbnail

Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

A Letter of Intent Must Contain the Deal’s Essential Terms to Be Enforceable While a Letter of Intent (LOI) stating, “Party A agrees to sell its commercial property to Party B and Party B agrees to buy it,” may signal a mutual commitment to a transaction, its mere existence does not confer enforceability.