A sale / leaseback is a strategy in commercial real estate whereby a building owner / occupant sells the building to a third party and then leases it back from the new owner. There are different reasons why someone would consider this. We will discuss reasons from the perspective of both seller and buyer.   […]

Heartfelt congratulations to Bruce Kaplan on reaching your 30-year anniversary with Premier Commercial Realty. We truly thank you for your invaluable contribution to our company’s successful longevity and appreciate your dedication and determination to reach our strategic goals. Your wise solutions have seen us through many challenges and we are grateful for your service. Bruce […]

Here’s a riddle for you: How much sales tax is collected by a town from a storefront that is vacant? Not the toughest of riddles. In fact, the answer is rather obvious. A fifth-grader can figure it out. The answer is NONE. Several years ago when the commercial real estate market was really humming, some […]

Premier Commercial Realty, Northern Illinois’ most responsive and experienced commercial real estate firm, announces a significant 30-year milestone. Premier has successfully navigated numerous industry cycles and changes in the commercial real estate market over that time to achieve its current status with more than $2 billion in properties bought, sold and leased since 1991. Premier […]

I realize each situation is different, but with average marketing times of more than 12 months to sell or lease certain property types, patience is the operative virtue in this real-estate market. It used to be that we could pinpoint why a specific property wasn’t selling or leasing. Price, condition, owner motivation, location are all […]

In the world of commercial real estate brokerage, it is common practice to initiate a transaction with a “Letter of Intent” (LOI) as opposed to starting off a deal with a contract document. The practical reason for using this precursor to a contract is more common sense than anything else. Because of the complicated issues […]