Eminent domain allows the government to take private property for public use, provided the owner receives just compensation. While this legal principle is meant to serve public interests, property owners often find themselves at a disadvantage when facing forced acquisition. The process can be complex, and government agencies may undervalue the...
Signing a commercial lease is one of the most critical decisions that a business can make—but it’s also one of the easiest places to overlook risk.Â
Unlike residential leases, commercial lease agreements are negotiable and often heavily favor landlords unless reviewed carefully. Buried clauses, vague obligations, and hidden...
Commercial real estate disclosures keep sellers honest and ensure that buyers know what they are purchasing. Not only is it good business to provide these disclosures, doing so can help avoid liability issues from cropping up down the road. Certain disclosures may even be required by law in the
Closing a commercial real estate deal is more than just a single day of signing papers. It’s a process that begins almost immediately after the desired property is selected. At each step of the way, there could be unexpected surprises that might potentially derail the closing and keep the parties...
Have you outgrown your home office? Do you currently lease space but are considering moving to a bigger or different location? If so, you will need to consider many issues as you negotiate your commercial lease. As you look for space suitable for your business, here are 12 key factors to...
The industry of the life sciences is growing exponentially throughout the United States, including Massachusetts, with biotechnology and medical technology especially taking off. This phenomenon is taking place because pharmaceutical companies are joining with incubator labs and startups in an effort to drive brand-new research/development. With this rise in life science innovation comes rising...
Nonresidential property sales reached closed to record levels last year, with private fund managers completing some of the largest deals. Experts say that 2019 should also see strong sales, especially with the interest rates remaining low. This is excellent news for Massachusetts investors who are interested in purchasing commercial real estate...
According to traditional wisdom, investing in nonresidential properties in Massachusetts and elsewhere is a smart move. However, is this still true in 2019, particularly in the commercial real estate industry? According to industry experts, investing in commercial real estate indeed still has quite a few pros worth paying attention to.
For one,...
Artificial intelligence, better known as AI, continues to impact a multitude of sectors in Massachusetts. Therefore, the commercial real estate may soon experience an AI revolution. According to industry experts, AI could very well help the industry to be more service oriented, profitable and efficient.
Right now, though, AI does not have...
