We have all seen an extraordinary hike in rates over the past 24+ months – historically low interest rates fueled the robust market where demand for property was at considerably an all time high. This coupled with continued low inventory resulted in higher prices on top of the inflation we have all been dealing with.…
In office, industrial, or retail commercial lease agreements renewal options commonly exist to protect the tenants’ right to occupy a space beyond an initial lease term. Commercial real estate brokers typically overlook the importance of heavily negotiating these renewal clauses due to the rarity of use. Like insurance, you need to have it, and you…
Certificate of Need (CON)- What is it, Steps to obtain and future changes to the law. What is it: A certificate of need is a regulatory process that requires healthcare providers to obtain approval from the Department of Health and Human Services before developing or adding new healthcare facilities, expanding existing facilities or expanding services.…