Darren Lizzack, MSRE Associate VP NAI James E. Hanson 201 488 5800 x104 This e-mail address is being protected from spambots. You need JavaScript enabled to view it More Info

What is a 1031 Exchange (Like-Kind or Tax Deferred) and Why Should You Care?

There are two fundamental reasons someone would purchase real commercial property. The first reason is because the tax code/law enables the property owner to depreciate the asset over time and thereby creating a tax benefit for the ownership. The general idea is that over time, the bricks and mortar of the building lose economic value because like everything else, wear and tear is caused naturally and in theory, you should not be able to sell the same bricks and mortar for the same price many years later after construction.

Darren Lizzack, MSRE Associate VP NAI James E. Hanson 201 488 5800 x104 This e-mail address is being protected from spambots. You need JavaScript enabled to view it More Info

Medical Office Real Estate Symposium- McGraw-Hill Conference Center- March 30, 2010

I had the privelage of sitting with a group of panelists at the Green Pearl Events Medical Office Real Estate Symposium on March 30, 2010. If you would like to view some of the panel discussions, please click here. If you would like to view my panel discussion, continue reading...

Darren Lizzack, MSRE Associate VP NAI James E. Hanson 201 488 5800 x104 This e-mail address is being protected from spambots. You need JavaScript enabled to view it More Info

Healthcare Bill Passes, What Now for Medical Office Buildings (MOB) and Professionals?

I had the privilege of attending and speaking at the Green Pearl Events Medical Office Real Estate Symposium on Tuesday, March 30^th 2010 at the McGraw Hill Conference Center in Manhattan. There were over 230 people from 171 firms who attended this well timed event shortly after the new health care reform bill had passed. While I do not want to focus on what happened at the event, I would like to share some of my thoughts after attending this great event. (Click here to view my panel discussion).

Darren Lizzack, MSRE Associate VP NAI James E. Hanson 201 488 5800 x104 This e-mail address is being protected from spambots. You need JavaScript enabled to view it More Info

New Jersey Commercial Real Estate Alliance Unveiled

I hope this message finds you well. I wanted to follow up with my readers this month after the New Jersey Commercial Real Estate Alliance (www.njcrea.com) has been publicly unveiled only one month ago. The concept of this specialized group has been well received from all the people I have spoken with during my travels and I wanted to use this opportunity to express some of the valuable tools that are now available to you and I highly recommend you tap into these resources if need be.

Darren Lizzack, MSRE Associate VP NAI James E. Hanson 201 488 5800 x104 This e-mail address is being protected from spambots. You need JavaScript enabled to view it More Info

Letter of Intent (Offer) to Lease Commercial Real Property

I hope you all enjoyed the holidays and I want to wish you and your families a prosperous 2010! Last month, I provided my readers with information on the Letter of Intent (Offer) to Purchase/Sell Real Property. With today’s stringent borrower requirements and increased scrutiny in the banking industry, more companies are steering away from purchasing commercial property and leaning towards leasing options as a good alternative. That being said, this month’s news article focuses on the letter of intent (offer) to lease real property. What are the most critical elements to consider when attempting to lease commercial space in today’s environment?

When you think about purchasing/selling real property, the biggest and most obvious thing that comes to mind is the sale price. While I would agree with you that this is very important, there are many other issues that should be carefully thought out when preparing a letter of intent (Offer to Purchase) commercial property. For the purposes of this blog, I will focus on some of the items that should be considered as you prepare your proposal to acquire real property.