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2020 Commercial Real Estate Market Review

2020 Commercial Real Estate Market Review

The impact of COVID-19 on commercial real estate While the COVID-19 Pandemic has wreaked havoc on the retail and office market, residentialactivity has been on fire. According to the Census Bureau, annualized spending was $667 Billionin 2020 for residential real...

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Understanding Letter of Intent

Understanding Letter of Intent

For example, understanding the lease type is critical to budgeting your rent. If the lease is a triple net (NNN) lease, then the tenant needs to understand that there are multiple expenses not included in the base rent. Triple net leases separate taxes, insurance and...

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9 Steps to Buying a Commercial Property

9 Steps to Buying a Commercial Property

1) Hire a Commercial Real Estate Agent Commercial real estate transactions can often be lengthy, complicated, and unpredictable. Consequently, there are many benefits to hiring a commercial real estate agent who is familiar with the industry and the process of...

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5 Steps to Leasing a Commercial Property

5 Steps to Leasing a Commercial Property

Leasing a commercial space is one of the first steps in starting a new business or expanding an existing business. While leasing commercial space seems straightforward, there are several important aspects of the process that can be complicated. With that said, we have...

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0 Sheridan Street, Chicopee, Massachusetts

0 Sheridan Street, Chicopee, Massachusetts

L&P Commercial was pleased to facilitate the sale of 2.4 acres of land on Sheridan Street in Chicopee, Massachusetts on November 1, 2019. Bill, President of L&P Commercial, represented Westover Metropolitan Development Corporation as the buyer’s representative...

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