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Choosing a Civil Engineer 

Experienced developers know that unforeseen problems can turn a profitable project into a money funnel. Unknown circumstances lurking below the topsoil quickly can cause costs to double or even triple. But it is possible for commercial real estate professionals to

Congress Revisits the Issue of Banks Selling and Managing Real Estate 

In December 2001, the U.S. Congress introduced the Community Choice in Real Estate Act, which would prohibit banks and financial companies from engaging in real estate brokerage and property management. A coalition of real estate organizations, including the National Association

Reverse Exchanges Offer Investors Tax-Saving Benefits 

In an Internal Revenue Code Section 1031 exchange, when an investor must purchase the replacement property before the relinquished property can be sold, he should consider using a reverse exchange. In September 2000, the Internal Revenue Service clarified its position

Dogged Determination Leads to Unusual Lease Deal 

Although commercial real estate is a people business, brokers should not disregard Earth's other inhabitants when looking for lessees. In the case of Terence P. Coyne, CCIM, the perfect tenant turned out to be man's best friend. Coyne's interest in

Follow These Strategies to Complete a Successful Technology Relocation 

Relocating a company's information technology infrastructure is often the most complex and costly piece of the moving puzzle. It also is the most important, as IT systems are the lifeblood of most companies. To prevent business disruptions, brokerage owners must

Self-Made Success 

In the commercial real estate world, bigger isn't always better. Many commercial real estate professionals have found success by staying independent despite a recent trend toward business mergers and affiliation. Contrary to popular belief, independent brokers don't necessarily have to

Reduce Mold-Related Risk 

Since Jan. 1, 2000, more than 8,000 “toxic” mold stories have appeared in the media, according to the Insurance Information Institute. Many of them focus on dramatic personal injury and property damage claims attributed to allegedly harmful mold in buildings.

Hawaii's Real Estate Markets Thrive Despite Slow Tourism 

Geographically and culturally situated between the United States and Asia, Hawaii offers residents and tourists diverse natural attractions, recreational activities, and an agreeable climate. However, “contrary to mainland impressions, tourism makes up less than 30 percent of the state gross

Letters of Credit Help Protect Landlords Against Tenant Bankruptcy 

While the direction of the U.S. economy remains unclear, many businesses struggle to stay viable. In today's fast paced environment, even strong companies may succumb to financial pressures more quickly and with much more disastrous results than in the past.

A Maturing Market 

By 2030, an estimated 20 percent of Americans will be older than 65 years of age. Accordingly, the long term prospects in seniors housing look more promising as the baby boom generation retires, presenting developers with a unique set of

Multifamily Property Owners Benefit From Competitive Financing 

The current low interest rates present a double edged sword for many property owners The rates offer increased cash flow opportunities, but they also allow tenants to qualify for higher loan amounts and motivate them to move out of apartments

Brownfield Bonanza 

Many private developers rarely take advantage of public agency brownfield cleanup programs at either the state or federal level. As a rule, they like the environmental oversight process to remain at the local level, if possible, to keep it simple

Building a Powerful Portfolio 

A client inherits $100,000 and asks you for advice on an investment strategy. With stock returns uncertain in today's market, what is the best response? Invest in commercial real estate. Adding commercial real estate to a portfolio in the form