Owning and leasing out commercial property in Florida or elsewhere can be very profitable. Unfortunately, landlords of commercial property do come across a number of legal issues with which they may need some assistance. An experienced real estate attorney can generally help with such needs.
As the owner of a piece of real estate, have you come to find out that there is an issue with your property's title? Most commercial real estate owners in Florida and elsewhere do not find out that there is a title issue until they attempt to resell the properties or until legal claims for the properties are filed against them. If a title issue is found, certain steps may be taken to swiftly resolve the situation.
It is believed that a recent multi-million dollar property sale in Florida will bring new businesses to the Orlando area. A prime piece of agricultural property was bought by Crews Commercial Venture LLC, with the intent of building a new industrial park. This new commercial property will certainly give area business owners, and others looking to move to the area, more options for setting up shop.
Florida-based Darden Restaurants recently completed a real estate deal that is expected to help strengthen the company down the road. The multi-million dollar commercial real estate transaction, which involved the business's corporate headquarters building, closed at the end of October. This is a unique transaction as the company will actually remain in the building, having signed a 20 year lease with the new property owner.
Those who own commercial real estate in Florida may find that zoning issues can have a dramatic affect on what they are able to do with their properties. Fortunately, it is possible to seek a change in commercial property zoning, which can be done with the assistance of legal counsel. This is not something that is necessarily easy, but it can be well worth one's time and effort.
Those in Florida who are considering leasing commercial property may feel overwhelmed with everything that is involved in taking such action. This is a big -- and rather expensive -- venture, so it is understandable for potential tenants to want to ensure that they are not taken advantage of during the process, and that lease terms best benefit their overall goals. What are some of the different commercial real estate lease options?
According to a recent report, the Florida commercial real estate market is performing quite well. In fact, it has been said that occupancy rates for existing and new structures in 2014 were the highest seen over the last decade. How is this good for someone who wants to secure a commercial real estate lease?
The owner of a building, known as the Riverwalk Center, recently sold the massive complex in a multi-million dollar deal. With any such commercial property transaction in Florida or elsewhere, it is only natural for all involved parties to want to ensure their interests are fully represented and protected before the closing documents are signed. While a real estate broker can offer guidance throughout a transaction, a real estate attorney will be able to carefully review all contracts in order to make sure everything is above board.
One company under the control of a developer and broker in the state of Florida recently sold a retail facility for $24 million. The commercial real estate building is located in what is known as the Miami Design District and spans more than 8,000 square feet. Thus, the sale is equivalent to nearly $3,000 per feet.
When in need of commercial space in Florida or elsewhere, leasing such property can be a great option for a person who is not ready or wanting to buy. Before jumping in, though, it is important to carefully review and negotiate the terms of a commercial property lease. An experienced real estate attorney can help with this matter.