Grey Shell or White Shell? Warm Shell or Cool Shell? When looking for a commercial space to lease or buy, you’re likely to run across the term “shell.” In particular, commercial listings might include the term “cold, grey shell” or “warm, white shell.” What does that mean? Shell terminology makes sense, as these facilities might …
TEDDs, or targeted economic development districts, are areas where tax incentives are available to developers. Often, TEDDs are in an area that’s ripe for development but lacks key infrastructure like roads. And with one single mile of roadway coming in at two to five million dollars to construct, those costs keep developers from investing in …
Ghost Kitchens: Not That Spooky, We Promise Happy Halloween Montana! On this edition of How Does That Work, we’re covering ghost kitchens – don’t worry, it’s not as spooky as it sounds. Before COVID-19 hit, Montanans loved to eat out. In fact, on average, residents spent almost three thousand dollars each on dining out every …
How is COVID-19 impacting construction costs across Montana? By Nick Chaussee Like many small metro housing markets, Montana’s major cities are seeing home prices shoot up. But it’s not just the departure from coastal areas causing housing prices to soar. Rising construction costs are increasing prices across the country. According to the National Association …
As of April first this year, eleven commercial office transactions had been completed in Missoula County. Since a typical year sees about 30 total office building deals, 2020 looked to be a normal – and perhaps even busy – year for the office market. Even as 2020 looked to be a busy year, the majority …
‘Tis the season for political mudslinging. While we try to stay above the fray, one policy point did catch our attention: is President Biden planning to do away with the 1031 exchange? May 2021 Update: More details of President Biden’s plan for the 1031 Exchange are coming to light. “The Biden proposal would abolish 1031 …
Ready to lease a commercial space for your business? Looking to lease out your building? We want to help you build a foundation of knowledge about commercial real estate investment. That’s why we’re defining more common real estate terms. Send us your questions – we’re here to demystify the world of commercial real estate. When …
The MEDIA Act: Blank Check? Not Quite. Claire Matten shares how the MEDIA Act works. In the last 18 months, the film industry boosted Montana’s economy – to the tune of forty-seven million dollars. And looking ahead, the Yellowstone Film Ranch near Livingston is gearing up to host a projected three to four major motion …
There have been a lot of changes at the Southgate Mall in Missoula over the past few years. A dine-in movie theater and a newly connected street were recent additions to the area. But this project got pushback shortly after these completion because of a TIF-related public opposition. In the final part of our series …
Absorption, infill, adaptive reuse – what does that mean? You’ve heard it before, or maybe you already know from experience: investing in real estate builds wealth. And while diving into the world of commercial real estate investments may seem unachievable, there are ways to start small and build a portfolio over time. To get there, …
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