How To Calculate Load Factor: Step by Step
https://www.youtube.com/watch?v=uBwy4rKWdzw If you’re paying to rent an office or other space for your business, you probably want to get the most out of every square foot you rent. But wait. Are you paying rent on more square feet than you actually occupy? If your office is only 500 square feet, why do you pay rent […]
El Cazador to Missoula Midtown, Toast to Hip Strip
We’ve known for awhile that El Cazador in Missoula was planning to open up a brick and mortar location on South Avenue near the Mall. In fact, they’ve been making renovations and had their taco truck on site throughout the past year. But now, it looks like they are getting closer to opening. The building […]
What are CRE Asset Types?
https://www.youtube.com/watch?v=RHt1YJZ1usI What is commercial real estate and what are asset types in the CRE world? For something that surrounds most of us everyday, there is some confusion about what commercial real estate is, and what commercial real estate advisors mean when we refer to asset classes. By most definitions, commercial real estate is anything larger […]
How is a Commercial Sale Different than a Home Sale?
Is a CRE Deal Really that Different? Working through the process of buying or selling commercial real estate can be daunting. I’m Claire Matten, advisor with Sterling Commercial Real Estate. I’m here with advisor Matt Mellott to provide a high level summary of a commercial real estate sale from end to end. Taking an asset […]
Flying Squirrel Closes, New Food Options Open
Hello Rageef and Goodbye Flying Squirrel: What’s That, Missoula? Welcome to Hey What’s That Missoula, where we get you up to speed on all the dirt moving in and around Missoula. First, we have to admit that our Missoula crew is a little jealous of both Helena and Billings this week. Chik-Fil-A filed a zoning […]
Montana Commercial Real Estate 2020 Wrap Up
Get ready for a rundown of some of the biggest commercial development stories across Montana in 2020. What happened in commercial real estate in Montana this year? So 2020 – that was a heck of a year, huh? We’re glad it’s almost over. But, even in the midst of a pandemic, an economic crisis […]
Tonix Pharmaceuticals Plans Facility in Montana
Tonix in Montana: Groundbreaking Slated for Early 2022 Welcome to Hey What’s That Missoula. We’ll get you up to speed on all the dirt moving in and around Missoula. The big news is in Hamilton, Montana, where Tonix Pharmaceuticals closed on a 43-acre parcel. The land will eventually house a vaccine development facility. It will […]
NNN or Triple Net: How Does That Work?
https://www.youtube.com/watch?v=BcC_rqIWbiw When it comes to your lease, you’ve heard NNN or Triple Net – but what does it 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 […]
Missoula Planning Services Secures Director
Hey, What’s That? The Missoula Planning Services department gets streamlined + a new option for pet care is popping up. Did you know a new vet clinic is coming to the Reserve Street corridor? Sentinel Veterinary Medical Care will be a 24-hour emergency vet clinic. They just broke ground near Reserve and Mount Avenue, just […]
TIF Projects In Montana: An Easy Win?
Among Missoula TIF projects, the Morrison-Maierle building on Mount Avenue is an example of project where funds were used favorably. TIF Projects around Missoula. In part three of Sterling CRE’s series on TIF funding, Matt Mellott focuses on the positives- how TIF funds can be used as part of a good partnership that benefits both […]