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.
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CRE WORD OF THE WEEK
Good morning, Here’s another Word of the Week Wednesday! Let’s look at return on investment, or ROI. An ROI is a measure used to evaluate the efficiency or profitability of an investment by directly measuring the amount of positive cash flow over a period of time, plus disposition equity realized on a particular investment divided…
CRE WORD OF THE WEEK
Good morning and welcome back to Word of the Week Wednesday! To start the new year of 2022, let’s talk about rental concessions. Rental concessions are incentives that landlords or property owners offer prospective tenants or buyers to influence or persuade them to sign the lease agreement. The typical concessions provided are free rent for…
Tampa Bay Office Outlook
The Tampa Bay Office Market is currently in a transition period right now. With many employees working from home or in a mixed office/home scenario employers are working to right-size their work space. While some companies are looking to downsize, others are looking to expand, creating a safer environment for their employees. This has led…
Commercial Partners Realty, Inc. Announces sale of .12 AC of land for development in the Tampa CBD
Commercial Partners Realty, Inc. is pleased to announce the sale of a .12 AC parcel of raw land located at 1013 N. Franklin St, Tampa, FL 33602. The sale price was $850,000 which translates to over $7 Million per acre, making this one of the highest value per acre land transactions completed this year in…
CRE WORD OF THE WEEK
Good morning everybody, It’s Word of the Week Wednesday! Let’s take a look at due diligence. Due diligence is the important process of investigating all issues and information on a property that would affect the desirability and purchase/sale of that property. A prospect is generally given a due diligence period to conduct inspections and tests…
CRE WORD OF THE WEEK
Good morning, its Word of the Week Wednesday again! Let’s look at short sale. A short sale occurs when the sale price of a property is less than the amount owed to the lender and when the lender accepts this amount as full payment for the asset. Those funds not repaid to the lender can…