Emerging technology and innovation are continually transforming the building construction inspection process. Criterium Engineers evaluates and adopts appropriate new technologies to provide additional knowledge and information for our clients. Two inspection innovations in particular—the use of drones and thermal imaging—have been change drivers for Criterium Engineers in recent years, reaching areas that were previously unattainable….
Commercial News
The Orange Triangle in Our Logo
Criterium Engineers was founded in the days when building plans were meticulously designed and drawn by hand. The dedicated engineer’s talisman—the plastic drafting triangle—could once be found on almost every drawing table in our offices. And while a clear plastic triangle might easily be lost on piles of white paper, bright orange drafting triangles always….
Section 1031 Exchanges & Cost Segregation
Great Tax Saving Tools with Similar Goals Real estate investors have known for years that 1031 property exchanges can save taxes. A cost segregation study is something else investors should consider at the same time—as both may save taxes and improve cash flow. Here’s how a cost segregation study may benefit your next transaction. Whereas….
Commercial Building Inspections: Three Options
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….
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….