Criterium Engineers’ commercial building pre-purchase inspections guide our clients through the due diligence process. The inspections and the resulting reports, performed by licensed, Professional Engineers, inform the prospective buyer regarding important aspects of the property and may also assist in negotiating a purchase price, depending on what is found. All of Criterium’s reports conform to….
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What is a Capital Needs Assessment?
When building owners and property managers plan the financial future of their facilities, the quantitative tool most often chosen is the Capital Needs Assessment (CNA). A CNA creates a capital forecast of needed reserves to fund depreciating asset replacement and prioritize discovered deficiencies while providing a comprehensive document to justify lending requests. CNAs are often….
Do You Have Mold in Your Buildings?
The problem of mold in buildings is one that no building owner or manager can afford to ignore. Mold has been suggested as one of the possible factors in so-called “Sick Building Syndrome.” What conditions create mold in buildings? Mold typically reproduces by means of airborne spores. These spores are always present in the air…..
Which Type of CRE Building Inspection Do You Need?
Commercial Building Inspection (CBI) or Property Condition Assessment (PCA) Large corporations, real estate investment trusts, and individual investors purchase commercial real estate (CRE). As part of the pre-purchase due diligence process—often required by lenders—Criterium Engineers offers two key types of commercial building pre-purchase inspections to guide our clients through that process. Not only are these….
Austin Landing: Our Largest-ever Cost Segregation Study
Criterium Engineers completed our largest-ever cost segregation study at Austin Landing, an 800,000+ square foot, 60-acre, mixed-use complex located in the Cincinnati-Dayton, Ohio corridor. Austin Landing is the “go to” hub for entertainment, shopping and eating in Miamisburg, Ohio. It also offers hotel lodging, apartments, a grocery store, and offices. A cost segregation study is….
Want to Avoid Unexpected Property Maintenance Costs? Hint: Plan for Your Commercial Property’s Future
Whether you are a building owner, property manager, REIT manager—or if you are questioning whether a building purchase makes financial sense—it’s important to anticipate how the property will perform over time. For retail, multi-family, office or industrial properties, the best solution is to assess, plan and budget for the future. A Capital Needs Assessment analyzes….
Commercial Building Inspections: Why You Should Hire an Engineer Versus a Building Inspector
For every real estate transaction that you are involved in—chances are—as part of the due-diligence process you are hiring a commercial building inspection professional to inspect the property. This is a helpful and valuable service that you routinely recommend to clients any may be required by lenders, however if the inspection is not done objectively….
A Pre-Lease Property Condition Report Pays For Itself!
Criterium Engineers provides the straightforward evaluation required for an extensive Pre-Lease Property Condition Report (also referred to as a property condition assessment) for clients looking to lease buildings of all sizes. They are especially useful for Triple-Net Lease negotiations. Be Informed! Investing in due diligence and being an informed lessee provides greater confidence in the….
Accelerate Depreciation for Your Commercial Real Estate
What property types benefit most from accelerated depreciation with a Cost Segregation Study? Many of the costs embedded in a new or existing building can be segregated into categories that also allow for more rapid — or accelerated — depreciation. Many items inside the building – furnishings, fixtures, flooring and the like – can be….
Paving Isn’t Sexy: But Proper Maintenance is Essential
Engineering Advisor | Volume 26, Number 1 When was the last time you thought about your parking lot? The honest answer, probably, is not in recent memory. It’s not a question of ‘out of sight –out of mind.’ Parking lots and other paved areas are highly visible, but they aren’t all that interesting. There is nothing….