2023

You’ve successfully navigated the turbulent waters of purchasing your first commercial property. You’re several years in and business is booming. Bravo! You know you need more space but want to research what happens when you buy a bigger building. Taxes and depreciation and profit all come into play but how?  We aren’t lawyers or tax accountants, but we have assisted hundreds of clients with this type of transaction. If you are seeking a simple overview before you dip your toe in the water, we’ve got you! We will cover the basic concept of a 1031 Tax Deferred Exchange (1031), the

Congratulations! You’re finally ready to buy your first commercial property. You’ve chosen a superstar buyer representative that specializes in your sector of commercial real estate, zeroed in on the perfect location, and checked the zoning to make sure your business is a permitted use in the area. Your broker told you that finding a property could take 6 hours, 6 days, or 6 months so rule number one is be prepared. Rule number two is patience. There are dozens of steps along the way to move-in day, so let’s focus on one that will make your future property ownership more

There comes a time in every business when a company’s spatial needs shift. Your  physical footprint may need a change for a number of reasons. The business may have grown or shrunk, you may have had an increase in clients, or perhaps it’s time to retire. If you are leasing a property, the exit process is relatively simple. You can wait out the remainder of the lease term, ask the landlord to relocate you to another space within the commercial complex, sublet the space to another user, or assign the lease to the new owner of the company.  If you