Work with lawyer to improve outcome of real estate transactions
1/15/2016 | Real Estate Blog
The process of purchasing real estate is generally complex and full of potential pitfalls. The failure to address every element correctly could result in problems down the line or a complete failure of the transaction. Either of these results could be devastating.
Successful construction projects comply with zoning regulations
1/13/2016 | Real Estate Blog
In the course of any construction project there are many factors that need to be addressed. In a recent post we wrote about securing financing. While an important piece, it is not the only thing that needs to be addressed. It is imperative the details of the project fit into what the city has designated as appropriate for an area. In the City of Philadelphia, the Philadelphia Zoning Code contains these regulations. The failure to comply with these regulations could […]
Clauses that should be included in commercial lease agreements
1/11/2016 | Real Estate Blog
While some people run their small businesses out of their home, in most situations, at some point or another it becomes necessary to find another space to work out of. In some cases, once found, that location will be purchased. Other times however, a business will opt to lease a space. In these cases a commercial lease agreement is necessary.
Redevelopment project funded in part by the City of Philadelphia
1/6/2016 | Real Estate Blog
Commercial real estate redevelopments are generally complex. There are many facets of the project that need to be addressed. One of those aspects is financing. Without this, a project cannot proceed. When a project is large, the amount needed can be great. Depending on the project the funds will be obtained from various entities. Recently, a financing deal in Philadelphia involving the city, was finalized. The project the city is funding is the Gallery mall.
Year end review finds Philadelphia’s real estate market strong
12/22/2015 | Real Estate Blog
As 2015 winds down, many people are looking back and reflecting on the year. This is not an uncommon practice and people do it for a variety of matters, including real estate. A reporter for the Philadelphia Business Journal recently did this for real estate in the Philadelphia area.