Commercial Estates

Described as the ugly duckling of the commercial real estate market, self storage investments in the United States experienced exponential growth since its inception in the mid 1960s where the first self storage or mini warehouse facilities were seen in Texas. These facilities epitomized through the 70s and 80s the word utilitarian.

This market has gone a long way since then, creating its own unassuming and matured niche in real estate investment throughout the U.S. It is now defined as facilities offering rental on a month to month basis where tenants apply their own locks. There is no bailment associated with this facility.

The construction of the initial building that will occupy the Phase 1 of the Altira Business Park has begun. Designed as a convenient and quality business destination, the Altira Business Park is also erecting a motor bike testing center with driving track to be used by the Driving Standards Authority or DSA and is expected to be ready for occupancy by June of 2008 implemented on a leasehold contract.

A target of sixteen other industrial units is proposed to be built on the first phase of the development project, which has already garnered various inquiries for the units, which are available on either a leasehold or freehold basis.

The boom of the real estate industry is directly proportional to the number of fraud cases and other illegal schemes across the United States. There are more than a hundred families that are being victimized by this kind of fraud every year. For the succeeding years, the number of these fraud cases even seemed to have doubled.

As an act to solve this growing dilemma, the IRSCI or the Internal Revenue Service Criminal Investigation has initiated formal investigations regarding these fraud cases in the real estate industry. With the help of the IRS, real estate brokers and the typical buyers are beginning to see some light with regards to the resolution fraud issues.

Financing of commercial estates are entirely different from financing of residential estates. The process can be very difficult especially for first time borrowers. With commercial estate financing, the lender looks at the long term profitability of your property. For this purpose, it must be made clear to them how you intend to use property so they can appreciate future profitability. The actual location of the property plays a big role whether you will be able to secure that loan. Size and type of commercial property will also come into play with the history of the property being scrutinized carefully. And as with any financing, risk plays a major role, how risky will it be for them to lend you the money. Taking all of this into account will determine if you can close that loan.

Kays Commercial Estate Agents are a well known, independent, local firm, that has specialised within the commercial marketplace since 1948. The business was founded by HJW Kay on the basis of providing a personal service to both buyers and sellers of commercial properties, including retail businesses and hotels. This personal service has always been a key feature of Kays business and all the sales staff are fully conversant with every aspect involved in the sale of a commercial property.

Having been involved in business for many years, Kays Estate Agents acknowledge the fact that the majority of enquiries are looking at venturing into business for the first time and need help and guidance in every area of purchase. eg: accounts, finance availability, areas, leasehold or freehold, surveys, insurance etc. Read the rest of this entry »

Commercial estates cover a wide range and diverse group of structures and uses. This type of investment can also cover vacant or idle lands. Learning the types of commercial estates can help you to tailor fit the use of your investment depending on the location and the projected demands of the market.

The common types of commercial estates are:
1. Multi-Family – this type includes duplex and other structures that are meant of habitation and occupancy of various families. Condominiums may also fall under this category because they are constructed as a group.
2. Retail Space – usually included in this classification are restaurants, electronic stores, clothing stores and the like. This is for businesses involved primarily in retail.
3. Office Buildings and Complex – single commercial structure that houses one office or different offices fall under this type of commercial estate. Rental payments for the use of office space is the owner’s source of income.

The whole purpose of investing in a commercial estate is to make a profit on your initial investment. There are a number of ways in turning your commercial estate into a money making venture but probably one of the simplest thing to do especially if you are located in a highly populate area is to rent out commercial space to stores and other businesses.

Some things to remember in renting in renting out commercial space is that you need patience because they will not sell like hotcakes. This business strategy takes time but has long term payouts. Next is advertise your property in the most attractive way that you can and finally, price competitively because you are not the only one renting out your business space and you need to get ahead of the competition.

Every incorporated city practically implements a system of zoning in order to regulate the use of properties that exists within its territorial jurisdiction. Prior to the issuance of permits, the city government must first establish whether the location is being used as it is zoned. Therefore, before securing permission to build profit making business like an office complex, the chosen area must be classified as a commercial property. City maps clearly define the boundaries that exist between industrial, commercial and residential properties. If a portion of the proposed construction falls in a zone that is specified for the purpose other than its intended use, the proponents must first secure a permit which would allow them to commence construction despite crossing over to another zone boundary.

Iloilo is a wonderful ground that comes along with the renowned Ilonggo spirit of fun and familial pleasure, for The Metropolis Residential & Commercial Estates.The Metropolis is a unique and contemporary complex combining modern services such as a a school, a bus stop, a commercial establishment, and a other facilities of recreation, complete with the enchanting countryside setting.Integrated with a complete sports centre, the complex provides a healthy environment fot those who wish to keep fit. Reserved roads and hiking trails for would be joggers and hikers are popular with residents. Majestic Metropolis Tower stands as a monument to welcome you and your family at the grand entrance.

In efforts to recover from the devastation that resulted from the 9-11 attacks on the US mainly in Manhattan where the World Trade Center Buildings stood, the New Yorn and New Jersey Port Authority (which owns the land on which the new Freedom Towers are being built on) have released a statement that Beijing Vantone Real Estates has expressed a nonbinding agreement to lease property on the Freedom Tower which is steadily rising from the ruins of the former WTC.

Port Authority chairman Anthony Coscia said, “China Center’s expression of interest in the Freedom Tower, even before we begin our formal leasing program, strengthens our conviction that the World Trade Center site is a world-class business location. Serious interest from the China Center is a major milestone in our efforts to secure Freedom Tower tenants from around the world.”

This boosts the confidence of developers that the Freedom Towers is to become a viable commercial space for many global businesses that they are seeking tenants for.