If you were to ask a local small business whether they want a responsive landlord or someone who’s difficult to reach, chances are they’d choose the former. For tenants large and small, having the ability to get immediate answers from a trustworthy source creates a positive rental experience that promotes long-term satisfaction and retention.
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Commercial real estate is appealing; it can offer rental income while accruing value and providing a safe harbor for capital gains. It’s especially appealing in a buyer’s market, but like any major investment opportunity, there are risks associated with the potential rewards. Below are five commercial real estate pitfalls to avoid when going through the real estate process.
MRG Construction Corp today announces that William Lechleitner has joined the team as senior project manager.
Having worked in the industry for over 10 years, Lechleitner has an extensive background in project management and general construction. He started as a field engineer in 2007 before quickly advancing to project coordinator, engineer and, most recently, project manager.
Regardless of industry, remaining competitive is a consistent theme in business. One of the key competitive advantages in the age of COVID-19 is the ability to take things digital. From tours to imaging, virtual meetings and beyond, the need to service customers anywhere isn’t just a theme for our tenants – the real estate industry as a whole has made the move virtual.
In construction, site work includes the scope of work related to the exterior of a project. Surveying, grading, excavation, site utilities, paving, concrete work and landscaping are all examples that can be included in site work projects.
In short, site work prepares the land to build a physical structure. It’s critical to keeping the project moving smoothly, both for the eventual construction of the building’s shell and its future interior build out.
Local artist group steps up to give back to the West Humboldt Park community.
Matanky Realty Group today announces its partnership with NATIVE 312 to beautify boarded up stores with art. The installation is taking place at Chicago Kedzie Plaza.
It’s a common misconception that you only want to buy real estate in “good” market. The truth is, if you’re investing in the right property at the right price, you’ll be able to make a solid investment no matter what the economy looks like.
Even if you’re not ready to put an offer in tomorrow, these tips on how to value commercial real estate can help when you are ready to purchase.
Your building’s appearance sets the tone for your first impression to clients, tenants and customers. By taking care of your commercial property, you are solidifying your brand and image. It’s important to stay on top of key maintenance and preventative issues especially as seasons and the needs of your property change. As owners and property managers, here are seven tips we keep in mind when preparing our properties for summer.
As states begin to test the waters of reopening, it’s time for many of us to think about how we can optimize our businesses to accommodate new best practices. From increased social distancing to enhanced cleanings, it’s clear that we likely won’t be able to operate exactly how we did pre-COVID. As landlords, owners and renters ourselves, we’ve assembled a clear plan for how we will reopen, and how we will encourage others to reopen as well.