How To Buy a Building: Commercial Property Purchasing Process

The commercial property asset class can be a highly profitable and productive portion of your investment portfolio. Depending on the market cycle, buying at the right time and purchase price can help real estate investors build long-term wealth. Commercial buildings fall into many categories, each with their own nuances.

There are substantial differences between buying a building in the commercial space and single-family homes. Here’s an overview of what buying a commercial building looks like, the steps involved in the various types of assets under the commercial umbrella, and whether real estate investors should try to get in on the action.

How to buy a building: commercial vs. residential

Buying a building in the single-family market is significantly different from buying one in the commercial space. Here are some quick facts to consider when thinking about buying your first commercial building.

Lending

One difference between buying a commercial building and

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Wow House: Horse Property In Tempe For Sale Just Under $1M

TEMPE, AZ — This highly sought-after horse property was listed for just under $1 million in south Tempe’s coveted Buena Vista Ranchos, and comes with its own guest casita.

Properties like this do not come up for sale often. This incredible property sits on almost a full acre of land in south Tempe. Double RV gates with RV parking offer plenty of room to park all of your cars or toys. A unique horse set-up has three oversized covered stalls, a tack area and hay storage with direct access for easy delivery. Irrigated pasture and large turn-out with shade and double gates open up to four miles of equestrian trails.

The main house boasts four bedrooms with three-and-a-half bathrooms. It is an entertainer’s delight, featuring a spacious game room with a built-in wet bar. The fully remodeled kitchen features high-end Thermador appliances with a custom built-in refrigerator. There is plenty

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Central Florida’s first property designed with Covid-19 in mind

This post was contributed by a community member. The views expressed here are the author’s own.

Lake Mary Corporate Center
Lake Mary Corporate Center

LAKE MARY, Fla. (Oct. 7, 2020) – Chesterfield, a developer of office and industrial properties throughout the Southeast, is bringing Central Florida a first-of-its-kind office property to the market. Lake Mary Corporate Center will feature the latest design and technology for a post- Covid-19 world, from de-densification of workspaces to touchless bathroom utilities.

With visibility from Interstate 4, the Class A office park will be built on Century Point in Lake Mary. The project offers the flexibility of two to three buildings with entitlements totaling up to 300,000 square feet, and the property is now available for pre-leasing.

Richard Solik, MCR, and Matthew McKeever, CCIM, SIOR, of Colliers International are the exclusive leasing agents on the project.

“This build-to-suit opportunity is completely designed to meet the current and future

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What China’s Three Red Lines Mean for Property Firms

The People’s Bank of China and the Ministry of Housing announced in August that they’d drafted new financing rules for real estate companies, but have said little more. But the media reports and people familiar with the upcoming guidelines have said developers wanting to refinance will be assessed against three red lines, or thresholds:

• There will be a 70% ceiling on liabilities to assets, excluding advance proceeds from projects sold on contract;

• a 100% cap on net debt to equity;

• and they must have a cash to short-term borrowing ratio of at least one.

Developers will be categorized based on how many limits they breach and their debt growth will be capped accordingly. If all three are breached, the company won’t be allowed to increase its debt in the following year, according to a report by 21st Century Business Herald. If it passes all three, it can

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Columbia Property Trust and Allianz Real Estate Expand Joint Venture to Include 221 Main Street in San Francisco

Allianz takes 45% interest in Columbia’s South Financial District tower at $400 million valuation

Brings combined gross asset value of joint ventures between Columbia and Allianz to $2.3 billion

Columbia Property Trust, Inc. (NYSE: CXP) and Allianz Real Estate today announced that they have completed the formation of a joint venture to recapitalize 221 Main Street in San Francisco. Allianz contributed cash of $180 million for a 45% ownership interest in the joint venture, which values 221 Main Street at $400 million. Consistent with most of the other ventures between Columbia and Allianz, Columbia will retain a 55% ownership stake and function as general partner for the venture. Columbia will also continue to oversee the day-to-day operations of the asset.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005838/en/

221 Main Street, a fully-leased, 381,000-square-foot office building in San Francisco’s South Financial District, is now part of an

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What China’s Three Red Lines Mean for Property Firms: QuickTake

china homes real estate property

Photographer: Qilai Shen/Bloomberg

The danger lurking in China’s debt-laden real estate sector was never so clear as in late September, when word of a possible cash crunch at China Evergrande Group, the world’s most indebted property developer, sent investors running for the exits. With seven more of the 10 most-indebted developers also based in China, policymakers in Beijing have drafted what state-run media are calling “three red lines” — metrics regarding debt that developers will have to meet if they want to borrow more. The new approach promises to be a game changer for a sector that accounts for about 29% of economic output.

1. How will it work?

The People’s Bank of China and the Ministry of Housing announced in August that they’d drafted new financing rules for real estate companies, but have said little more. But the media reports and people familiar with the

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The Property Brothers Reveal a Secret Feature We’ll All Wish Our Homes Had

“Property Brothers” stars Drew and Jonathan Scott are down to their final challenges in this season of “Brother vs. Brother,” which means it’s crunch time in this Los Angeles renovation battle.

In the latest episode, “The Mystery Judge,” the brothers fix up their guest bedrooms and bathrooms in hopes of impressing the guest judge, who eventually reveals himself to be Orlando Soria from “Build Me Up.”

Jonathan has set aside $400,000 for his bedrooms and bathrooms, while Drew has earmarked $440,000. Though these are big chunks of change, they may not be enough for the high-end designs these brothers are eyeing.


Read on to see how these brothers make their guest suites feel special, and steal some fun ideas you might want to try in your own homes, too.

A painted barrel ceiling can steal the show

hallway
This barrel ceiling is a win for Drew Scott.

HGTV

In the kitchen

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3 Ways to Benefit From the Current Real Estate Market Without Selling Property

As we’ve discussed, the real estate market has been very exuberant in recent months. According to the National Association of Realtors, August total existing-home sales were up 10.5% from a year ago, and the median existing-home price was $310,600, up 11.4% from August 2019, marking the 102nd straight month of year-over-year gains.

Even if you’re not in the market to sell a house, it’s still possible to benefit from this market. Let’s take a look at three of the investing areas benefiting from the real estate boom. One caveat: We don’t know how long this current seller’s market will last.

Homebuilder stocks set to have strong Q3 results

The Census Bureau reported August new home sales were 4.8% above July and 43.2% above the August 2019 estimate of 706,000. The median sales price of new houses sold in August 2020 was $312,800, while the average sales price was $369,000. The

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Find all Cuyahoga County home sales, other property transfer details for September

CLEVELAND, Ohio – The cleveland.com database of recent Cuyahoga County home sales and other property transfers has been updated with September 2020 transactions.



a sign in front of a house: Cuyahoga County home sales details for September now included in searchable database.


© Peggy Turbett/Peggy Turbett/The Plain Dealer/cleveland.com/TNS
Cuyahoga County home sales details for September now included in searchable database.

Search the database at this link to find home sales in your neighborhood and across the county for last month and for each year going back to 2007. You will be able to search by town, street, seller’s name, buyer’s name and more ways.

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Also, see related real estate data and trends:

* Cuyahoga County data by city, village, township: annual median home sales prices, 2007-2019.

* Cleveland neighborhoods: annual median home sales prices, 2007-2019.

* Real estate property tax rates for each place in Cuyahoga, Geauga, Lake, Lorain, Medina, Portage and Summit county.

* Median appraised home values in Cuyahoga County; plus tax bills on the

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Hot property for sale in the Lismore CBD

ONE of Lismore’s best known CBD properties will go under the hammer on Friday.

At 11am the former home of popular Mexican restaurant Black Sombrero at 136 Keen St will be auctioned on the site.

It is understood that this is a mortgagee auction.

Agent Peter Butcher said the property, which comprises land area of 544 sqm and floor area of 363 sqm, will be sold as vacant possession.

“We have had a good interest from potential purchasers,” he said.

“The premises have had previous usage as a retail sporting goods store and more recently as a Mexican restaurant and is ideally suited to an owner-occupier or rental investment.”

Further down the road at 85 Keen St, a retail property which has housed the longest family-owned bicycle shop on the same site, is on the market.

SHOP FOR SALE: The building which houses popular Lismore bike shop Harris Cycles is on the market for $320,000.

SHOP FOR SALE: The building which houses popular Lismore bike shop Harris Cycles is

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