TheĀ phrase air rights, depending on who youĀ you’reĀ speaking with, conjures up various thoughts and opinions over exactly what they are! There is of course the environmental and aviation context, but for the purposes of this article we speak of the ability for a developer to build a building to a certain vertical height. OneĀ canĀ possess air rights […]
Unlike the way that a value or asking price for residential real estate is determined, the worth of a commercial property is based primarily off of one thing…NET OPERATING INCOME! Residential Real Estate 101 Residential property will generallyĀ be valued using aĀ comparison to other properties in the general vicinity. Recent closed sales that occurred nearby the […]
TRIA, or theĀ Terrorism Risk Insurance Act , was passed into law in 2002 to ‘put a temporary federal backstop program in place that would allow for a public and private sharing of insured losses resulting from future acts of terrorism against the United States’. Due to a failure by the US Senate to pass an […]
These are some great observations about the current condition the commercial real estate market as well as the capital markets that provide the financing from Rick Jones at Crunched Credit! Structural complexity is returning to the marketplace in the search for yield.Ā Many will say thatās bad.Ā I think thatās Luddite thinking. There continues an […]
Introduction At Hallmark Abstract Service we attempt to provide clients with information they hopefully find timely and useful that they potentially may be able to share with their own clients. With that in mind, we wanted to offer an overview of commercial real estate mortgagesĀ and some of the issues surrounding what for many buyers is […]
