By Leo Bertolino, National Client Manager, published on February 26, 2024 in GlobeSt.com
When transaction volumes are down and margins are tight, it’s even more important to get the most from your due diligence efforts. Leo Bertolino offers five suggestions for maximizing the value of your third-party reports in this Globest.com article previewed below:
Emerging from the doldrums of 2023, many in the CRE industry may feel like they’re treading water until the market picks up, which most predict will happen later this year. The expression “Survive ’til ‘25” seems, frankly, a little defeatist. A more optimistic approach is a mentality of “More in ’24.” With fewer deals in the pipeline, this means that each deal has less margin for error, and you need to get more from your due diligence spend. In that spirit, here’s a list of ways to get more from your due diligence program this year and beyond…
For more on maximizing the value, read the full article on GlobeSt.com.
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Matthew Marcus, Managing Director at Partner Engineering and Science Inc., was recently featured as a guest speaker by The Ground Investigation Podcast. He shares his extensive experience in geotechnical engineering, seismic resilience, and project management.
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In today’s economic landscape, commercial real estate owners must use every tool available to protect the value of their facilities. One such tool that is often overlooked or mismanaged during a real estate acquisition is the existing roof warranty. Transferring an existing warranty ensures that your roof remains covered under manufacturer protections, preventing the risk of unexpected repair costs.
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A PZR Report®, or a Zoning Report, is a detailed document that summarizes and analyzes the zoning classification and land use regulations applicable to a specific parcel of property. It is a critical due diligence tool used in commercial real estate transactions, development planning, and financing processes. Partner Engineering and Science, Inc. provides this service to current and potential commercial real estate clients. To learn more, check out our Partner Zoning Report service page.
