We've recently noticed an increase in inquiries from commercial building owners either renewing policies or seeking new coverage with State Farm Insurance. Curious about the reason, we discovered that State Farm, along with other insurers, has begun requiring commercial building inspections for all new policies. This inspection requirement is now a standard part of the underwriting process to ensure that buildings meet safety and structural standards before the policy can be finalized. This seems to be a new policy and may come as a surprise to commercial building owners.
Read MoreWe’re hiring structural engineers to join our team! What We’re Looking For: We’re looking for fully qualified, already licensed and trained engineers. You will already need to have completed your degree and finished an apprenticeship with a licensed engineer. However, you do not need to have previous experience in real estate. We will guide and coach you to success in this field!
Read MoreOklahoma is attracting the attention of out-of-state investors. Why? Oklahoma has several key ingredients that create a lucrative commercial real estate market. First, Oklahoma is a prime location. By being right in the middle of the country, Oklahoma is a good central headquarters location. Both of the major cities- Oklahoma City and Tulsa- have seen a strong surge of urban renewal initiatives in the past few years, meaning more and more businesses and residents moving within the city, requiring a need for commercial real estate, from office buildings to multi-family housing.
Read MoreCommercial real estate is a lucrative area for investment. The Real Capital Analytics (RCA), “which tracks national commercial real estate sales of $2.5 million and greater, estimates that more than $560 billion of commercial real estate was sold in the U.S. in 2019” (CBRE Leads U.S. Investment Sales Activity For Fourteenth Year In A Row In 2019). This is a big business, just waiting for you! Below are a few of the perks of investing in commercial real estate.
Read MoreWhen managing or selling a commercial property, a commercial real estate agent can not only save you plenty of time, but their expertise can help you get the best deals possible. A commercial real estate agent will “create and update listings on the various commercial real estate listing services, field phone calls and emails from prospective tenants or their agents, show the property, handle a negotiation, and facilitate a closing whether that be preparing and executing a lease document or managing an escrow through its process,” all so you don’t have too (Top 5 Reasons To Hire a Commercial Real Estate Professional). Especially if you are new to commercial real estate, an agent can navigate the world of selling and/or managing your property with more confidence and ease. While this article will focus on landlord representation, much of this can apply to a tenant or buyer’s representation as well.
Read MoreCommercial inspectors have varying methods they can use for pricing inspections. In this article, we cover the most common pricing models and strategies used by commercial property inspection companies as well as the pros and cons of each. Finally, we present 5 important reminders when hiring a commercial inspector.
Read MoreThe simple difference between commercial real estate agents and residential real estate agents is in what kind of properties they work with. However, each group has some specific responsibilities that come with the job. A residential real estate agent works with residential properties.
Read MoreStructural engineering is under the umbrella of civil engineering. Civil engineers work on projects that combine the natural and man-made world, such as dams, roads, pipelines, and railways, but also commercial buildings; public works that people use. Civil engineers and structural engineers make the world go ‘round, as they are behind the buildings and amenities that you use every day.
Read MoreWhen it comes to searching for commercial real estate, there is no shortage of resources out there. There are plenty of commercial real estate listing platforms that focus on certain types of properties or geographical regions. But if you want to cast the biggest net possible and use a trusted and industry-respected source, we recommend using LoopNet.
Read MoreWhen it comes to choosing someone to conduct your commercial inspection, it’s incredibly important to find someone who has extensive technical knowledge of the unique structures and systems of various types of commercial buildings, is properly certified by an accredited organization, and is up-to-date on all codes and ADA compliance. It’s also critical to find an inspecting team that has a proven track record of being trustworthy, reliable, transparent, and fair.
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