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.
We are pleased to announce that Commercial Partners Realty’s Broker Scott Clendening assisted Bridgepoint Church with the sale of their 0.70-acre parking lot property in the Mirror Lake District and situated at the corner of 3rd Ave N & 8th St. N. in St. Petersburg. On April 8t the parking lot was sold for $4,950,000…
New development is happening everywhere in Pasco County, from Hudson in the West to Zephyrhills in the East! Commercial Partners Realty’s Jim Engelmann, aka “Mr. Pasco”, is a huge driver of this growth and recently assisted his clients in closing on two land deals in Hudson and Zephyrhills this last month. In Hudson, Jim represented…
The QA Team of Dan Quarles, Austin Karrick and Erica Lovingood continue to have a strong year in 2019. The following are the most recent transactions from Commercial Partners Realty’s Pinellas County Office/Industrial team. Represented the landlord, Mainstream America, Inc., in the lease of 15,000 SF of flex space in the Petersburg Commerce Center, located…
Here is our new Word of the Week! Take a look at Absorption; measured by a property’s square footage, absorption explains the rate of leased up or vacated properties.
CPR wishes everyone Happy Holidays! We’ll see you in January! Our offices will be closed December 24th through December 31st.
Good morning, welcome back to Word or the Week Wednesday! Let’s look at paid in arrears. Paid in arrears is a payment for services, such as utilities, after the services have been used, rather than paying for a service in advance. Fun fact: In Florida, real estate taxes are paid in arrears, while most insurances…
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