Dinn, Hochman & Potter, LLC
TF: 800-233-4079
L: 440-681-8005

Commercial Real Estate Archives

Is the government trying to take your real estate?

Yes, eminent domain still exists and can happen. The government may come in and attempt to take possession of an Ohio resident's real estate, whether it is residential or commercial. Fortunately, it cannot do so without giving the property owner notice and the opportunity for a hearing.

Commercial real estate offers many options for investors

Many who are looking to diversify their portfolios are discovering the benefits of investing in real estate. While it is common for those new to the Ohio real estate world to consider residential properties, more experts are encouraging investors to look at the flexibility and stability of commercial real estate. In addition to tenants who typically remain in place longer than residential tenants, commercial real estate offers multiple options for getting started with investing.

Commercial real estate investors must be flexible

One of the challenges Ohio commercial property owners are facing is the rise of the digital marketplace. Studies show that 96 percent of consumers do their shopping online, and more industries are hiring remote employees who work from home. This eliminates the need for brick-and-mortar retail and office space. How is a commercial real estate owner to thrive in such conditions?

Real estate acquisition can be lucrative for Ohio businesses

Location is key in the success of many Ohio businesses. In most instances, similar types of businesses congregate in the same general area. Thus when a company is looking to invest in real estate, it often looks for property in the same general area as like-minded businesses.

Tips for smooth commercial real estate sales

Many in Ohio and beyond are discovering the benefits of owning commercial property. Real estate as an investment can add diversity to a retirement plan and offer an interesting and flexible source of income. However, there may come a time when a commercial property owner decides to place one of his or her investments on the market. When selling a commercial property, it is a good idea to be aware of some common mistakes in order to avoid them.

Acquisition of all 4 corners important to one Ohio developer

Location is key in most Ohio business ventures. The right location can be essential to the success of the business. For this reason, the acquisition of the desired property is often the first step in business development and/or expansion.

Should the business buy or lease a real estate location?

Location is key to many Ohio businesses. The location often sets the stage for the clientele the business will attract. A business located in an industrial setting does not lend itself to everyday consumer traffic; however, the same business in a more retail setting might. The actual real estate occupied by the company plays an important part in the business's growth and development.

Commercial real estate sales taking on more eclectic techniques

Technology is likely responsible for another distinction in real estate that is now creating a blurring of the lines between commercial and residential real estate. Residential and commercial real estate brokers are entering onto each other's turf in Ohio and nationwide. The two realms of real estate transactions are now beginning to increasingly overlap, with various hybrid models now creeping into the mainstream of commercial and residential real estate sales.

Lakeside commercial real estate purchased by local investor

Ohio investors may be watching with envy as the ownership of Quay 55 changes hands again. Once a warehouse for receiving cars shipped from auto manufacturers, the building situated on the shores of Lake Erie underwent a $28 million renovation project to convert it into apartments in 2002. For years following, the real estate was labeled distressed because of mortgage defaults and many vacancies. However, now boasting a 94 percent occupancy, the purchase may be considered a wise investment.

Many different ways to obtain business financing

The idea is sound and the entrepreneur is ready to venture forward. Whether starting a new business or expanding an existing one, the Ohio business owner typically will need some form of financing along the way. Depending upon the business and the resources available to the business owner, there are several options available.

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Dinn, Hochman & Potter, L.L.C.
5910 Landerbrook Drive, Suite 200
Cleveland, OH 44124
-6500

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