Category: industrial real estate

Land Acquisition

Land Acquisition

Thanks to our day-to-day presence in the Calgary and surrounding area, we have access to other options for your land acquisition.

We are adept at identifying the core value of the land and properties. From zoning to environmental considerations, financial reports as well as providing expert counsel, we know how to guide you through the entire process with both skill and speed.

Within the Calgary area – bare land is hard to find and the cost per acre is quite high. However, if you are looking for a piece of land within the city limit or outside city limit (think Balzac) we can help!

 

 

Saying “I Don’t Know” Sometime Is The Right Answer

Saying “I Don’t Know” Sometime Is The Right Answer

So – you are supposed to be an expert in your field – and should have an answer for everything right?  No matter how much you have to fake or how much you are making it up you should give an answer and hope for the best afterwards.

Not anymore – the time has come to ditch our aversion to uncertainty.  Execs who admit their knowledge gaps not only make a better leaders but may also run more successful companies.

The reason has to do with credibility… the internet age has made us more aware of what we don’t know.  If you tell your audience “I have all the answers” you’re really saying “I don’t need your help”.

But when you say “I don’t know” what you’re really saying is “I want to hear your idea”.  This create meaningful dialogue and promotes discovery and experimentation.

In the Commercial Real Estate business – saying “I don’t know” should be the norm.  A buyer may have questions about a building that we don’t have the answer to.  Better be honest and say “I don’t know” but will find out” than try to fake it.  You’ll end up looking stupid if the answer provided have to be rectified later on.

So go ahead – say it “I don’t know” you won’t look bad – others will not think less of you. You are human after all!

 

Source: Canadian Business Mag – Dec 2013

Six Terms To Watch For In A Purchase Contract

Six Terms To Watch For In A Purchase Contract

Before signing on the dotted lines….

  1. The closing date. See if the date the buyer wants to take title is reasonable for you.
  2. The deposit. Look for the largest deposit possible. A large deposit is usually a good indication of a sincere buyer.
  3. Fixtures and personal property. Check the list of items that the buyer expects to remain with the property and be sure it’s acceptable.
  4. Repairs. Determine what the requested repairs will cost and whether you’re willing to do the work or would rather lower the price by that amount.
  5. Contingencies. See what other conditions the buyer wants to have met before the contract is final e.g., inspection, sale of current residence, financing approval, review and approval of contract by their lawyer. Set time deadlines for completion of each of these contingencies, so that they don’t drag on and prevent your sale from being final and binding.
  6. The contract expiration date. See how long you have to make a decision on the contract.

As with all contracts – commercial real estate is just another area where getting the help of a professional real estate agent can be invaluable.  From start to closing.

Check out our agents’ profile or give us a call !

 

Source: http://www.albertarealestatelawyers.com/resourceinformationcommonrealestateterms.html

The “ABC” of Office Building Classifications

The “ABC” of Office Building Classifications

Ever wonder why office buildings are classified as either Class A, Class B or Class C?

The difference between each of these classifications varies by market and class B and C buildings are generally classified relative to Class A buildings.

Building classifications are used to differentiate buildings and help the reporting of market data in a manner that differentiates between building types.

That said there is no definitive formula for classifying a building, but in the general characteristics of each are as follows:

Class A:

> Highest quality buildings in their market
> Generally the best looking buildings with the best construction and high quality infrastructure
> Well-located good access and professionally managed
> Attract the highest quality tenants and command the highest rents
Class B:
> Generally a little older but still have good quality management and tenants
> Often value-added investors target these buildings as investments since well-located Class B buildings can be
    returned  to their Class A glory through renovation
> Class B buildings should generally not be functionally obsolete and should be well maintained
Class C:
> Older buildings (usually more than 20)
> Located in less desirable areas
> In need of extensive renovation
> Architecturally these buildings are the least desirable and building infrastructure and technology is out-dated
> They have the lowest rental rates, take longer to lease and are targeted as re-development opportunity
There is no formal international standard for classifying a building, but one of the most important things to consider is that buildings should be viewed in context and relative to other buildings.  BOMA is generally against the publication of a classification rating for individual properties.
Here are some of the building characteristics which could be used to compare and rank buildings:
* HVAC capacity
* Elevator quantity and speed
* Backup Power
* Security and life safety infrastructure
* Ceiling heights
* Floor load capacity
* Location
* Access (freeway, public transportation)
* Parking
* Construction, common area improvements
* Nearby and/or on-site amenities
Source: Square Feet Blog – http://www.squarefeetblog.com

Searching For It Or Getting It From A Pro?

Searching For It Or Getting It From A Pro?

Do you have questions about commercial real estate? As a tenant, deciphering all the lingo in a commercial lease can be a daunting task. How to you know if you are getting the lease deal?

 

Alternatively, as a landlord do you have the time to market your industrial vacancy, review all the offer to lease being presented and ensure you get the best tenant for the space?

 

For sellers and buyers, things get even more complicated when selling or buying industrial properties or investment properties.

 

Do you think you are achieving your industrial or commercial real estate goals by going at it alone? (i.e. without the help of real estate pro)

 

Like everyone else – you could “google” and do some research. However, like finding out why you have an itch (answer: insect bite to more serious afflictions) finding real estate information online can lead to more confusion.

 

First – often the information found is general in nature. Based on our experience, each lease or purchase transactions are unique. What may work for one, may not work for another.

Secondly – does the information found is specific to the location (i.e. what’s acceptable in the US may not be applicable in Canada (or Alberta)

Thirdly – the sheer volume of information you can find online is mind boggling and confusing at best.

And lastly, the time required getting it all done while running your business.

 

What’s the solution to ensure your achieve those commercial and / or industrial real estate goals?   Get the advice of a qualified commercial real estate pro!

 

After taking the time to clearly understand your business, our real estate professionals will use their vast market know-how and experience to identify and present your best options. From leasing warehouse, storage, assembly space, to office space, to buying a commercial/industrial building as an owner/user or as an investment to industrial land. We are your one stop-shop in Calgary for industrial and commercial real estate services.

 

We will work for you – while your continue running your business!

 

What have you got to lose? Nothing….What you have got to gain?  EVERYTHING!

 

Let us search for the IDEAL space for your business!