Contrary to common belief, buying into a franchise, no matter how well known or successful the franchisor may be, is not a guarantee of a successful business. Although many people like the idea of entrepreneurship, owning and operating a franchise is not always easy....
Commercial mortgages are quite a bit more complex than their residential counterparts. There are, however, several similarities between the two, including the ability to make modifications to an existing loan. While many homeowners may find it easy to browse and apply...
As a property manager, you have probably felt the nervous feelings of taking a chance on a new renter. Your property is your asset and investment, and you are essentially entrusting that investment to the lives and habits of a stranger. So how do you go about...
Trends related to commercial real estate tell the people of Ohio more than simply trends related to construction or leasing. In fact, information about commercial real estate trends can help one to examine the health of the entire economy. Fortunately for the people...
The recession that began in 2008 hit real estate hard in Ohio and across the entire country. Commercial real estate vacancies increased and construction and rental rates fell. Finally, industry observers are projecting a recovery in all three areas. Colliers...
When working within the commercial real estate market, particularly as a lessor or as a lessee, you will benefit from a well thought out and agreed upon written contract. This agreement can go far in establishing a persisting symbiotic relationship between parties....
The acquisition of real property by a business for strategic, financial or development purposes often represents a substantial investment and as such must be taken with the utmost seriousness and care. This is especially so because unlike individual consumers...
Whether you are starting a new business or expanding an existing one, you understand the importance of finding the right piece of real estate. Once you do find the right location for your business—whether it is a retail store, office building, or another type of...
Some small companies in Ohio may be able to qualify for Certified Development Company/504 loans from the U.S. Small Business Administration as long as they meet certain requirements. This type of debt financing may be used to expand or improve a company's operations...
A large Ohio office park was sold to a Canadian investor group on Dec. 23. Summit Office Park, located in Independence, was sold to Summit Cleveland LP for $26.5 million. The prior owners, Aegon N.V., had owned the commercial real estate since 2009. Located on Summit...