Commercial Real Estate Archives

Commercial redevelopment opportunity in Springfield

With the constant flipping of real estate in and around Quincy, another potential project has hit the radar. The old home of the Registry of Motor Vehicles offices at 165 Liberty St in Springfield has seen many offers for retail and/or restaurant enterprises. Located at a busy intersection, the area has 22,000 people driving by on the daily and 100,000 people in the immediate area. Offers have proposed everything from fixing up the building and land to tearing it down to start fresh.

2018 property tax bill has northeasterners scratching their heads

If you own or manage commercial real estate, you know there is always some tiny detail of property management that can easily get overlooked. The question is, will it get overlooked? With 2017 officially at a close and 2018 underway, it has brought lots of questions about the change in tax laws. While changes to the tax code were just revealed by President Trump, people are still unsure of how that will apply to commercial real estate owners and those who are thinking of negotiating a contract for the purchase or sale of a commercial property in 2018.

Don't jump into the commercial real estate market alone

The "Great Recession" is behind us and many people in Massachusetts are looking for opportunities in the commercial real estate market. They may want to develop a factory, a warehouse, an apartment complex or a shopping center. Mixed-use development is also a popular option for commercial real estate developers these days. Any of these can be financially worthwhile endeavors.

Businesses contemplating bankruptcy have options

Most business owners in Quincy set off in high hopes that their enterprise will be profitable for years to come. However, increased competition, a struggling economy, a loss of customer base or any other number of reasons could lead a business to find itself in serious financial trouble. If a business is in over its head with debts it cannot pay, one option it may have is filing for bankruptcy.

What does 'quiet enjoyment' mean in commercial real estate?

In the movie "The Princess Bride," a character repeatedly declares events "inconceivable" that are really, "unbelievable." It takes awhile, but eventually another character states the obvious, "You keep using that word. I do not think it means what you think it means."

A quick guide to commercial leases

So, you have found commercial real estate and you are excited to move in and expand your business. Remember, renting a location for your company is a major decision and responsibility. In many cases, the success of your business hinges largely on the terms of the lease. Before you talk to the landlord, it is important to understand the basics of commercial leases, and how to fully evaluate the terms before signing.

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