It’s Word of the Week Wednesday again! Let’s introduce the phrase common area maintenance, or CAM.
CAM refers to additional expenses paid by tenants meant to cover costs of daily operations of the property.
The percentage of this fee is calculated by dividing tenant’s square footage by total square footage of the building.
Hello, Its Word of the Week Wednesday! Today we have Land Assemblage, where 2 or more parcels of land that are adjacent can be combined into one parcel of land. This can give buyers greater development opportunities and sellers obtain higher values on combined land.
Good morning, its Word of the Week Wednesday! Lets take a look at special warranty deed. Special warranty deed is a deed in which the seller, also known as grantor, of a property only warrants against problems or encumbrances in the property title that occurred during the grantor’s ownership.
Welcome to the first Commercial Real Estate Word of the Week. With these new weekly posts, we want to explain terms, concepts and definitions to provide transparency of the real estate transaction process to our clients, partners and colleagues. We hope you enjoy and find our future posts valuable.
Uncertainty = Opportunity Market conditions always change, it is inevitable. However, the pace of change has been greatly accelerated due to the pandemic, creating uncertainty in the commercial real estate and Capital markets. Users of office space have been uncertain as to how their needs of space will change. Recent data indicates that only 12%…
When Frank Bozikovich looks at South St. Pete he doesn’t see its troubled past. Frank sees opportunity. As a long-term resident of Broadwater and local commercial Realtor, Frank’s daily commute took him past the challenged landscape of US 19 South. Properties in decline after the loss of most of the big box stores caused prospective…
Commercial Partners Realty is pleased to announce that our office specialist Erik Anderson has represented the tenant SpaceLab Development, in the sublease of office space located at 100 2nd Avenue South. SpaceLab Development is extending its reach from Detroit and broadening its co-working services that offer various membership levels, ranging from a virtual mailbox to…
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