Commercial real estate is a complex yet rewarding industry. Regardless of your role within it, you’ll meet your fair share of challenges.
If you’re a buyer or tenant scoping out commercial properties for sale or lease, you’ll have no shortage of due diligence work to carry out. And if you’re a seller or landlord, you’ll need to stay on top of things like property evaluations, marketing, property management, return on investment, etc.
In December 2022, the City of Altoona issued 4 commercial and 2 residential building permits representing over 47,408 square feet of new or improved space and over $5 million invested.
If you’ve researched any sort of investment topic, then you’ve most likely heard the term “due diligence” before. It’s a widely used phrase that seems pretty straightforward, but it can mean a lot of different things, especially in the real estate space.
So, what does “due diligence” mean for potential home buyers or business real estate investors? What types of things are involved in the process? And how does one go about it?
In November 2022, the City of Altoona issued 10 commercial and 2 residential building permits representing over 110,667 square feet of new or improved space and over $12 million invested.
Commercial real estate is one of those industries that has a lot of technical terms, abbreviations, and other jargon you might not be familiar with.
This can make investing seem a bit daunting.
“City Councilman” is just one of the many titles Altoona resident Josh Dunwoody goes by.
Altoonians could also call him an “Altoona Palooza Executive Board Member” or “Altoona Area Chamber of Commerce President”, and before that—“Altoona Soccer Club Head Coach”, “Altoona Baseball League Head Coach”, and “Altoona Sesquicentennial Celebration Board Member.”
In October 2022, the City of Altoona issued 6 commercial and 20 residential building permits representing over 36,585 square feet of new or improved space and over $5 million invested.
The State Small Business Credit Initiative (SSCBI) is a $96 million investment in growing Iowa’s small businesses, including startups, manufacturers and businesses owned by veterans and individuals from diverse backgrounds. The funding is available through the U.S. Treasury Department’s SSBCI, a small business aid program that was expanded through the federal American Rescue Plan Act. Continue reading…
Finding retail space is a lot more complicated than you might think.
Whether you’re a small business owner looking to open your first brick-and-mortar shop, or a commercial real estate investor trying to build up your retail portfolio, you’ll be faced with lots of options when trying to secure a property that’s the right fit.
In September 2022, the City of Altoona issued 7 commercial and 16 residential building permits representing over 55,805 square feet of new or improved space and over $18 million invested.