Cape Cod Commercial Real Estate and Business News
When I began entering commercial real estate data into a database in 1995, I never imagined it would mark the beginning of an evolving 14 year project. And the same project would wind up having an unusual but suitable name. Today the product of this effort is a powerful proprietary analytical tool which is being leveraged to provide exceptional benefits for discerning valuation clients throughout Southeastern Massachusetts. Known… [Continue Reading]
A review of recent transaction activity since September 2008 reveals an interesting insight for Cape Cod commercial property and business sellers looking for the right buyer: your buyer may just someone you already know.
WASHINGTON, DC – Important changes have been made to help SBA lenders increase access to capital for small businesses.
Looking to market off-season accommodations beyond offering attractive room rates and romantic get aways, Maine innkeepers have found success by offering guests packages appealing to their special interests.
The recently passed Emergency Economic Stabilization Act of 2008 included an extension of the accelerated depreciation allowance for qualified leasehold and restaurant improvements and for certain improvements to retail space. The National Restaurant Association hailed the passage of this “side order” provision extending the current 15-year depreciation schedule for improvements made to restaurant buildings in 2008 and 2009, and for new… [Continue Reading]
Whether you are a buyer, seller, broker, banker, or appraiser no doubt the recent decline in commercial real estate sales on Cape Cod has made pricing or valuing a property much more difficult. As we entrench deeper in the current market cycle, many practitioners needing a continuous finger on the pulse of prices and values will creatively apply alternative methodologies.
Despite some limited exceptions, the fact is while easy to apply and understand, valuing or making a purchase offer on any business by placing high reliance on a Rule of Thumb is not a good idea for several valid reasons.
In Grant Thornton LLP’s 2008 Real Estate Survey, nearly six in 10 real estate executives (57%) have a pessimistic outlook regarding the U.S. economy for the next year, and almost half of the respondents (48%) have similar feelings about the real estate industry’s business outlook. These numbers show a sharp decline in optimism from 2006,… [Continue Reading]
