Back in 2008, Abu Dhabi Investment Council paid $800 million for 90 percent ownership of the iconic Chrysler Building in New York City. It turns out, that wasn't the best of investments.
When it comes to commercial leases, you're essentially on your own to protect yourself against predatory clauses and clauses that -- while not exactly predatory -- are certainly dangerous to your pocketbook. That's why it's important to understand as much as you can about commercial leases before you start to negotiate one, including things like a continuous operations clause.
Amazon's plans to locate its new headquarters, the "HQ2," in New York City recently went bust -- and with it went a lot of real estate hopes in Long Island City and Queens.
Apartment buildings, or "multifamily units," are often great investment opportunities for people looking to get into the commercial real estate market.
Commercial real estate investments can be a great way to grow your wealth over time. However, finding the right investment property can be tricky, especially when the market is good for sellers.
Owning a business can be tremendously rewarding -- and stressful. No matter how good your products or services are, there are a lot of different factors that can affect the health of your business in negative ways. You constantly have to look ahead and anticipate problems so that you can try to prevent them.
If you are interested in owning commercial property, then you may wish to know the best way to do so. There are several steps you can follow to make sure you get the right property for your situation.
Before you sign a commercial lease, it's in your best interests to make sure you ask questions and verify what it contains. While many people sign leases under the impression that they know what's inside, that's not always the reality.
As someone looking to invest in real estate, you're wondering if you should invest in commercial real estate or residential. There are benefits to both. On one hand, you're working with individuals, families and communities. On the other, you're working with big businesses and retailers.
There's good news on the horizon for renters of commercial properties, but not so much for landlords of properties. Why? New York City is seeing a drop in the cost of rent as a number of new retail locations move into the area.