It’s Word of the Week Wednesday! Let’s take a look at clear height. Clear height is the height
of a building starting from the ground floor to the bottom of the lowest hanging item on the
ceiling. Hanging items include sprinklers, lights, structural beams, etc.
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…
Morning! It’s Word of the Week Wednesday again! Let’s look at grade level loading. Grade level loading refers to a loading door or entryway of an industrial property that is leveled to the ground or street. This type of loading door provides easy access for hand trucks, dollies or fork lifts for product to be…
The Land Outlook The last several months have created a tremendous amount of rethinking, retooling and reacting due to COVID-19. Many of the usually strong commercial real estate products have been hit hard by the pandemic and its effect on different industries. Hotels, bars, assisted living facilities, as well as an already compromised retail sector,…
Good morning, its Word of the Week Wednesday! Let’s take a look at rentable area. Rentable area refers to the tenant’s usable square footage of a property alongside their portion of the building’s common area.
Good morning! Welcome back to Word of the Week Wednesday! Today let’s look at 1031 exchange. A 1031 exchange is a provision from the U.S. Internal Revenue Code. It allows a seller to defer paying capital gains taxes when a property is sold, and proceeds are reinvested in another property within a certain timeframe.
Commercial Partners Realty is pleased to announce that our retail specialist Frank Bozikovich has closed on a new deal in the Grand Central District of Downtown St. Petersburg Florida. Frank represented the buyer BLR Financial, LLC in the purchase of an 8,000 SF Property located at 1900 Central Avenue, St. Petersburg. This property was sold…
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