If a commercial property owner decides to lease out a building to a business entity using a Triple Net Lease, the tenant is responsible for more than just the rent and utilities. In most cases, Triple Net Lease tenants are also responsible for real estate taxes, building insurance. and the cost of any necessary building ...
Is your commercial property ready for the next BIG earthquake? In the last few years, most people have heard about and seen the world news stories about the last several major earthquakes. Many pictures of extreme devastation, especially in Haiti, come to mind when remembering the earthquake there. While the earthquake that occurred in Japan ...
There are a number of reasons why a business owner decides to purchase commercial real estate property. Of course, one of the main reasons probably includes the desire to eliminate rental payments. An even greater reason that is often considered is to capture the long-term financial return that comes with owning commercial real estate. When ...
Structural Engineering is not a very precise science, especially when it comes to retrofitting existing buildings. Depending on the engineer chosen, enhancements can be added that may increase the construction expense close to sixty percent. When considering a commercial earthquake retrofit, it is important to understand that spending more on construction costs does not necessarily ...
If you are looking for a lender to finance a building loan or mortgage, you will find it difficult to convince them to accept any amount of risk. Money lenders today realize that they just cannot afford to be left high and dry in the event of strong seismic activity. They realize that is exactly ...
An earthquake retrofit definitely can strengthen existing commercial properties, providing more resistance to seismic activity, including devastating earthquakes. For most commercial buildings, this process typically consists of a variety of steps, including strengthening weak connections found in shear walls, roof to wall connections, continuity ties, and the roof diaphragm. Earthquakes are unexpected events that happen ...
Experienced investors often know what problems to look for before they purchase an industrial building, warehouse, or manufacturing facility. There are quite a few new faces in the commercial real estate market today; due to the current economy and the great prices that are available, it is a good time to buy commercial properties. New ...
One of the worst things commercial landlords can do to their own interests is allow the buildings they lease to go for a very long time without any updates, renovations or retrofitting to the latest safety codes. The work it takes to maintain buildings in several states, including California, includes more than just cosmetic updating and remodeling. ...
Earthquake retrofitting is the process of strengthening a building that may not meet the current building safety codes. The retrofitting process involves seismic wall bracing, reinforcement of shear walls and fire sprinkler piping, structural roof repairs, and more. In the California Bay Area, earthquake retrofitting is necessary on most buildings that are more than 10 ...
As we have seen in the last several years, earthquakes can happen at any time and any place, not just close to a major fault line. Many old commercial facilities are dangerously unprepared to withstand the force of even very small tremors. An earthquake retrofit provides current structures with more strength to withstand the powerful forces ...