On May 15, 2018
In This Issue
Market Fundamentals Remain Strong Across
Most Asset Classes; However, Potential
Headwinds Are on the Horizon Due to
Rising Interest Rates ..............................................1
President’s Message ...............................................2
SpringHill Suites Opens in
Update on The Crossings at Conestoga Creek .....3
New Clubhouse Caps Multi-Family Makeover .....4
Bridge to Opportunity ...........................................5
The Reserve at Greenfield Luxury Apartments ....6
On May 14, 2018
Almost all transaction documents have a provision or two requiring a party to exercise an effort to achieve an end. Sometimes the provision requires the party to exercise “best efforts” to do so. Sometimes the effort required is “reasonable efforts.” If the parties to the document are business entities, it is common to see the effort described as “commercially reasonable.” Are these efforts different? Is there an ascending level of these efforts? Does it matter which words are used to describe the efforts?read more..
J. Turner Research Report
On March 13, 2018
Multi-family industry researcher J Turner Research recently awarded two High Associates Ltd. communities its top "Elite" ranking in its Online Reputation Assessment™ (ORA™). The independent firm selected 977 multi-family properties out of 71,000 assessed nationwide for the honor.read more..
Mark Fitzgerald, President and COO, High Real Estate Group LLC
On February 15, 2018
"It's a good time to be a seller," said Mark Fitzgerald, President and COO of High Real Estate Group LLC, presenting to Lancaster's Commercial and Industrial Real Estate Council. With cap rates headed up, deals are getting done, but the time to act is now.
More than 120 professionals from throughout Lancaster County attended the 2018 event at the Lancaster County Convention Center, and were asked by High Associates Senior VP - Brokerage Services Linford Good to crowdsource their views on four key questions ....read more..
On January 02, 2018
Investors often think about buying commercial real estate for cash flow, with the difference between the rental income, operating expenses, and the mortgage payment resulting in income. But what if your primary motivation is to grow your business operations in a new location?
If you have read Five Reasons to Lease Commercial Real Estate you may have already started asking questions about the real estate solution that best fits your needs. Here’s why you should consider keeping the option to buy on the table until you have consulted your real estate professional.
On November 30, 2017
Business is growing or changing, and it’s time to move? There’s nothing quite like owning your own building to house your organization and to meet the special requirements of your processes, equipment, etc. But is owning really the best way to go?
Before you start scouting for an existing building or contemplating new construction, consider these five reasons to lease. If any of these clicks, make a call to your real estate professional ...read more..
On November 08, 2017
From Central Penn Business Journal
A California-based investor has paid $1.7 million to buy a student housing complex near Shippensburg University.
Matthew Wolf and Mike Bowser of High Associates Ltd. represented the buyer and the seller in the deal for Britton Court, a 24-unit housing complex at 20 Britton Court in Shippensburg Township. The deal closed on Oct. 25.read more..
On June 20, 2017
“You will be the same person in five years as you are today except for the people you meet and the books you read.”
Heading to the beach? Choose from these must-reads to help change the way you think, learn about topics of interest, and help reinforce your personal financial strategy.read more..
On December 20, 2016
“Superforecasting: How to Ensure a Successful Closing” is the eleventh and final step in our key issues in all real estate transactions.
At closing, the final stage of a real estate transaction, missing even the smallest detail can have a critical impact on the overall success or failure of the deal, as well as client satisfaction. It is the responsibility of the broker to carefully coordinate and manage these final steps to ensure a successful transaction. In order to do that, one must learn to “predict the future.”
On September 20, 2016
We need to always be aware of time provisions in contracts. Time provisions mean what they say and cannot be ignored. A recent Minnesota case, Contractors Edge, Inc. v. City of Mankato, illustrates this point. This case involved a public works project, the owner being a municipality. The holding of the case, however, applies to all contracts.read more..
On July 27, 2016
“Finalizing Transaction Agreements” is the tenth step in our key issues in all real estate transactions.
After putting forth the necessary time and effort into building a trustworthy relationship and negotiating a deal, there is one document that is the most significant component of the entire transaction: The Agreement of Sale. Every conversation, discussion and negotiation leads up to this crucial step in securing an arrangement for the buying and selling of a property.read more..
On July 13, 2016
“Negotiating Terms of the Transaction” is the ninth step in our key issues in all real estate transactions.
The foundation of any effective business deal is a trustworthy relationship. In real estate, we must understand four crucial components of the transaction in order to be successful: Letters of Intent, Agreements, Offer Language, and Counter Offers. Whether you are buying or selling, understanding how to interact positively and proactively throughout the transaction will allow you to come away with the best deal you can get.
On June 22, 2016
The executive office concept allows tenants to have executive suites completely operational within just a few days. This is attractive to new entrepreneurs with startups, as they need to start work immediately to recruit new business. This concept also offers flexible, short-term leases for businesses attempting to expand into new regions.read more..
On January 18, 2016
“Qualifying of Prospects Interested in the Property” is the eighth step in our key issues in all real estate transactions.
There are three basic questions in selling commercial real estate. One, who has a property for sale? Two, who wants it? And three, are the parties qualified to transact the sale? This sounds easy enough, but with many issues involved in negotiating real estate transactions, future problems may arise that prevent a deal from closing.read more..
On December 14, 2015
"Implement An Effective Strategic Marketing Plan" is the seventh step in our key issues in all real estate transactions.
Have you ever attended an event where people were asked to guess the number of candies in a large glass jar to win a prize? According to Daniel J. Levitin, author of The Organized Mind, “the majority of answers will probably be very wrong, but the group average comes surprisingly close ...read more..
On September 03, 2015
"Developing a Strategic Marketing Plan" is the sixth step in our key issues in all real estate transactions.
Here’s the question: What’s a home run to you? Is it actually going to the ballgame and hearing the roar of the crowd when the hometown team hits the ball over the fence? Or is it something much deeper in business or personal achievements?read more..
On July 29, 2015
The Pennsylvania College of Health Sciences is growing and moving to Greenfield Corporate Center in Lancaster, Pa. Here are interviews with college president Mary Grace Simcox and members of the High project team discussing the vision and construction of the new learning environment.read more..