Is Now the Time to Sell Your Small Business?

2017 saw a record number of small businesses being sold. According to leading sales website, BizBuySell.com, 9,919 small businesses were reported sold in 2017, a 27% increase over 2016. The increase in sales volume can be attributed to the steady improvement in the economy, sales growth and increasing profitability of small businesses. Since an owner’s cash […]

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South Bend & Mishawaka 2017: A Year of New Construction, Expansion and Renovation

Whether commuting to work, walking your dog through Mishawaka’s Beutter park or riding your LimeBike on the new Smart Streets in Downtown South Bend, you have certainly noticed commercial construction activity. Restaurants, discount stores, modern hotels, multi-family housing and South Bend’s first ever casino, which was built from the ground up and completed at lightning […]

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Why Property Management = Financial Success

Whether you own one property or a portfolio, having an experienced property management team on your side is critical for your asset’s financial success. Here are several key components you should look for in your property management team: Communication is key. One of the greatest benefits of having someone manage your commercial asset is having […]

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Change Is The Only Constant

Long ​ ago, (as some of us might remember) downtowns were the heart of a city, with a strong beating sound of people, shopping, banking, living, entertainment and activity. The economic model changed over the years, downtowns weren’t the go to place anymore, instead sprawling suburban developments featuring one-stop shopping and convenience took over. I am reminded […]

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Michigan’s New “Green” Industry

For the past decade or more, green industrial buildings have been a goal of developers and owners who want to reap the rewards of green technology. Lower operating costs, higher efficiency and less pollution are just a few of the benefits these industrial buildings offer. Michigan joined into the ranks of medical marijuana states in […]

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Landlord/Tenant Negotiations

Real Estate Advisory Services: Landlord/Tenant Negotiations Successful businesses have processes in place that review their progress from the previous year, forecast needs and strategies for the years ahead. These meetings cover areas such as the current workforce, products, service offerings and expenses. The real estate strategy should be covered in these meetings, if not on a semi-annual or […]

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Interested in Buying Real Estate Owned Property?

  • by Sheral Litell, Senior Broker, REO Specialist
  • May 12, 2017
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WHAT IS A REO? The acronym REO stands for “Real Estate Owned” property.  “REO” describes a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. Simply put a Lender/Bank extends financing on a house or commercial property.  When the Owner defaults or no […]

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Funding Your Business Acquisition

Don’t Let the Fear of a Commercial Loan Keep You From Pursuing Your Entrepreneurial Dreams Unless a business buyer is strapped with excess cash or has the financial backing of a strong and willing investor, funding a business acquisition can be a risky and stressful venture. Typically, small business acquisitions and start-ups are funded through […]

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