How Does That Work? Tax Increment Financing

Here’s a term you’ve probably heard in the news: Tax Increment Financing, or TIF. What is TIF? Why is it so controversial? How does that work?  In part one of our series on TIF funding, we’re going to go over the basics. Let’s call this TIF 101. Before we get started, it’s important to note […]

Missoula Apartments: Market Report | Q3 2020

What’s Up with Apartments in Missoula?  A survey of over 5,600 market rate apartment units in Missoula found a vacancy rate of 1.2%. The survey also found increasing rents and no incentives. “Last year at this same time, the vacancy rate was 3.3%,” said Matt Mellott of Sterling CRE Advisors. “Everyone in the rental […]

Missoula Apartment Vacancy Report | Q3 2020

Research Confirms Missoula Apartment Vacancy Woes A survey of over 5,600 market rate apartment units in Missoula found a vacancy rate of 1.2%. The survey also found increasing rents and no incentives. “Last year at this same time, the vacancy rate was 3.3%,” said Matt Mellott of Sterling CRE Advisors. “Everyone in the rental market […]

Investors Bullish Montana Self Storage

Montana Self Storage Insights from Claire Matten, CCIM Almost from the start, 2020 has been clouded with uncertainty. And though so much still feels unclear in Q3, Montana self storage is a safer place than ever to invest. As PPP money runs out, shutdowns persist, and unemployment sputters along many feel lost in the woods […]

1031 Exchange Rules: Timing

Understanding the 1031 Exchange Process: Part 2 Check out part one of 1031 Exchange: How Does That Work? To recap: when selling commercial property, taxes are usually paid on the profits at the time of sale. But, IRS Section 1031 is an exception allowing the seller to postpone paying tax on those profits if they […]

What is My Commercial Property Worth?

Ever wonder: what is my commercial property worth? Are you curious if it’s the right time to sell or lease?  We can help. At Sterling CRE Advisors, our team uses local knowledge, comparable sales and current market data to determine the value of commercial properties. We work across Montana and understand each major market area. […]

What is a Triple Net Lease?

Demystifying the Triple Net Lease for Commercial Tenants  By Nick Chaussee, Sterling CRE Advisor Looking for a new rental space for your business but feeling confused by the jargon? Sterling Advisor Nick Chaussee breaks it down*.  *This is a general overview of leasing terms. Every lease is unique. The specific circumstances of each lease should […]

Montana Fire Sprinklers: Just Sold!

Industrial Infill Site Just Sold to Montana Fire Sprinklers In every commercial building, there are life saving devices just a few feet away. Are you sitting in your office right now? If you look up, you’ll more than likely see a fire sprinkler head somewhere on your ceiling. While these little sprinkler heads usually go […]

“Yellowstone” in Missoula Valley: Hey, What’s That?

Hey, What’s That Missoula? Yellowstone in Missoula, the state flower is in full bloom along  and the city gets into the housing development game. The Sterling team had the opportunity to help bring one of cable TVs most popular shows, “Yellowstone” in the Missoula Valley. Yellowstone, starring Kevin Costner, secured a leased space near Missoula […]

Montana MEDIA Act Attracts TV, Film Production

What is the Montana Economic Development Industry Advancement (MEDIA) Act?  Hit series “Yellowstone” is set to film season four entirely in Montana – and it’s no longer just the epic landscapes of Big Sky Country attracting major productions like these. Effective July 1, 2019, a number of new tax incentives were put into place as […]