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ESQPMG Real Estate Investment Blog
Commercial Investing

White House Implements Plans to Facilitate Office-to-Residential Conversions

In collaboration with federal agencies such as the Department of Housing and Urban Development (HUD) and the Department of Transportation (DOT), the White House has penned a strategy to encourage private sector involvement and participation in the crucial transformation of commercial office spaces into affordable housing. This initiative involves leveraging federal grants and offering financing at below-market rates to incentivize participation from private entities and commercial landlords.

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David Roberson October 24, 2024 No Comments
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Attention Downsizing Baby Boomers – Sell Your Home and Avoid Capital Gains Taxes

A Guide for Baby Boomers: Maximize Your Home Equity and Avoid Capital Gains Taxes

As many Baby Boomers look to downsize from their homes, they face a significant challenge: how to sell their properties without losing a substantial portion of their hard-earned equity to capital gains taxes. Fortunately, there are strategies available, thanks to provisions in U.S. tax law that can help homeowners protect their investments.

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David Roberson October 12, 2024 No Comments
Commercial Investing

Commercial Real Estate – Binding Letter of Intent, Or Not?

A letter of intent is customarily employed to reduce to writing a preliminary understanding of parties who intend to enter into a contract, or who intend to take some other action such as merger of companies. An agreement to agree to something in the future.

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David Roberson December 18, 2023 No Comments
Commercial Investing

Commercial Tenant Risk Mitigation, Insurance, Tracking, and Best Practices

Managing tenant insurance is a crucial element in overseeing commercial real estate (CRE) from a landlord and commercial property management perspective.  All landlords and commercial property managers should require tenants to have various forms of insurance depending on the type of business operations occupying the relevant space.  Tenant insurance comes in several forms.  Business renters’ insurance helps pay to repair or replace business property if it is damaged or stolen.  Commercial general liability (CGL) insurance helps protect against third-party injuries and property damage.  Finally, business owner’s insurance is a combination of business renter’s insurance and a CGL policy. 

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David Roberson December 12, 2023 No Comments
Commercial Investing

Q3 Silicon Valley Commercial Real Estate Outlook

In the third quarter of 2023, the iconic Silicon Valley commercial real estate office market faced ongoing challenges. Net absorption recorded a negative 1.8 million square feet, surpassing the Q2 2009 record during the Global Financial Crisis of 2007-2008. The decline in net occupancy was multifaceted, influenced by reduced office demand amid evolving remote work trends, stubborn interest rates, and uncertainties in the technology sector’s hiring patterns post-Covid layoffs. Additionally, the cautious venture capital environment was shaped by uncertainties about the economy and impending Federal Reserve interest rate decisions.

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David Roberson November 30, 2023 No Comments
Commercial Investing

Commercial Mortgage-Backed Security (CMBS) Loans, its Mechanics, Risks, and Lender Recourse

Not all commercial real estate loans are conventional.  Commercial Mortgage-Backed Security loans (CMBS), sometimes referred to as conduit loans, are a category of commercial real estate fixed income loans that are secured by a first position mortgage on a commercial property asset. CMBS loans are typically offered by commercial banks, conduit lenders, or investment banks, and, once they are issued, they are packaged in tranches and sold to investors. 

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David Roberson November 29, 2023 No Comments
Commercial Investing

Electric Vehicle (EV) Charging May Increase Your Commercial Real Estate Value

Let’s face it, if your commercial property is tired and obsolete there are limited options to improve the overall value save for significant renovations or a complete rebuild.  However, if your building has useful life, is occupied, and you want to improve value with not much investment consider adding EV charging stations.  This improvement will be immediately noticed by the environmental ESG crowd.  Your edifice may now acquire the allure to beckon patrons, prospective clients, and personnel who were previously beyond its magnetic reach.  Moreover, there are options for additional revenue streams with EV charging stations.

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David Roberson November 24, 2023 No Comments
Commercial Investing

Commercial Landlords Should Exercise Care When Drafting Tenant Use Agreements

A recent case of Castaic Studios, LLC v. Wonderland Studios LLC, the California Court of Appeal rendered a decision pertaining to the eviction process in commercial real estate. The ruling establishes that when a property owner extends only a license (just like a ticket to a ballpark), rather than a lease, for the use of real property, the owner cannot resort to California’s summary eviction process, unlawful detainer, against the defaulting party. Franc (2015) 233 Cal. App. 4th 744, 758-759.

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David Roberson November 22, 2023 No Comments