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The Tower Burbank is a commercial high-rise building in Burbank, California. At 460 feet, [3] it is the tallest building in the city and is the 80th tallest building in California. The Tower can be seen from the Ventura Freeway. In 2014, the building was purchased by Worthe Real Estate Group for $109,000,000. [4]
Lots and land were rarely sold for cash but on contract with "one-third or one-fourth down, balance in semi-annual payments, was a common method. Another method was a small payment down, balance in small monthly payments." [5] There was more than case of outright fraud, as well as a great deal of promises unkept for one reason or another: [3]
A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
The real estate sales market is showing signs of softening. If your BRRRR property loses value over the coming six months or year, you might not have enough equity to refinance it.
In commercial real estate, a tenant inducement (TI) is some sort of consideration given by a landlord in order to attract a new tenant or have an existing one renew their lease. Depending on the contents, the concept may be known as a concession or rent abatement, instead of inducement. There are several different forms of inducements.
"Tenant's current lease appears to grant tenants strong long term rent rate amount restrictions, unconventional method of rental payment, and possible occupancy rights until 2053."
The term ‘instant’ refers to the fact that this type of business aims to provide a faster cash offer on a property than traditional real estate brokers. Valuation of the property takes place online and is an instantaneous or near-instantaneous process which makes use of machine learning and AI technologies.
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger