CBC - Summer 2023 Magazine

CELEBRATING 20 YEARS OF COMMERCIAL REAL ESTATE CONSULTING AND DUE DILIGENCE

"CHANGE IS THE LAW OF LOOK ONLY TO THE PAST MISS THE FUTURE. "

July of 2023, Commercial Building Consultants will be celebrating our 20-year anniversary! Starting out as a very small Mom & Pop type of company, we have now grown into an international commercial real estate consulting firm. When we look back at all the time, effort, struggles, heartache, triumphs, and long hours to name a few, that it took to get us here we couldn't be happier at where we are today.

Celebrating 20-years for any company is a fantastic milestone, but when you are talking about the commercial real estate industry and companies that support it, that is a feat. So, we at CBC feel incredibly fortunate to have experienced this milestone

Hitting 20 has provided CBC with the time and experience to create an incredible foundation in commercial real estate consulting and due diligence We have been fortunate to have worked with small businesses, individual investors, banks, investment companies, equity firms, Fortune 500's, and more. We have traveled throughout the US and have worked with clients on projects in places like Canada, Dominican Republic, and throughout the Caribbean. We have also been fortunate to have provided an array of services to our clients and even sometimes taking a request from a client for services that don't essentially exist - but we were able to figure out how to provide them with the information and service that they needed. So at 20, what is ahead for CBC?

E WHO E CERTAIN TO John

F. Kennedy

CBC celebrates the foundation that we have built, the knowledge and experience we have gained, and the incredible list of clients that we have been so privileged to have served and continue to serve. But as we look forward to the future of CBC and put into place our plans for the next 20 years, we understand the importance of keeping our core values but recognize the need to continuously improve, grow, innovate, and be on the cutting edge of our industry.

Keeping our core values and DNA is important to us and our business Planning for the future, CBC is creating a path for growth, innovation, expansion, leadership, increased knowledge, experience, service, stewardship, and change

CBC is proud of our past and present accomplishments, and we are excited to utilize those experiences in our future growth, and expansion It is through this that CBC is poised to experience a tremendous and successful future for our company.

SAGAMORE HOTEL SOUTH BEACH

MIAMI BEACH, FLORIDA

CBC HAS INSPECTED THE SAGAMORE PROPERTY FIVE TIMES OVER THE YEARS, CAREFULLY ASSESSING ITS CONDITION. OUR REPEATED INSPECTIONS HAVE GIVEN US A DEEP UNDERSTANDING OF THE PROPERTY'S HISTORY AND ENABLED US TO PROVIDE VALUABLE INSIGHTS TO ALL OF THE DIFFERENT CLIENTS THAT WE HAVE WORKED WITH ON THIS PROJECT.

How Can We Serve You?

CBC offers our clients a wide variety of services for all of our clients needs. Out of the many services we provide, some of the most common services include Debt and Equity Property Condition Assessments, and Phase I Environmental Site Assessments

PROPERTY CONDITION ASSESSMENT - DEBT AND EQUITY

A Property Condition Assessment involves evaluating the overall physical state of a building or property. A qualified inspector conducts a thorough inspection to assess the property's systems, structure, and components. This includes examining the roof, walls, windows, doors, electrical and plumbing systems, as well as heating and cooling systems.

The inspector's objective is to identify any indications of damage, deterioration, or potential problems that could impact the property's value or safety. The findings of these assessments are documented in a detailed report, which serves as a valuable resource for property owners, buyers, or lenders, enabling them to make well-informed decisions regarding the purchase of a property.

Environmental concerns in commercial buildings are a very important factor during your due diligence period.

There are so many things to

take into consideration that

can point to an environmental concern.

PHASE 1

ENVIRONMENTAL SITE ASSESSMENT

Phase I Environmental Site Assessments (ESA) are utilized to help identify any potential and/or existing environmental concerns with the property and surrounding areas

Keeping people healthy as well as the building is the

reason why a Phase I ESA is a must during due diligence.

ESA’s consist of a site visit to observe the current and past conditions of the property and surrounding areas, as well of a review of regulatory databases and historical records including aerial views, and interviews with the prospective owner, current owner, and past owners of the property.

PROJECTS SPOTLIGHT

Phase 1 Environmental Assessment performed at the Townhomes at Woodmill Creek, The Woodlands, Texas.

The Townhomes at Woodmill Creek, Woodlands,Texas underwent a Phase 1 Environmental Site Assessment to evaluate the presence of any Recognized Environmental Conditions that may impact the property. The assessment covered various environmental factors and aimed to document all existing environmental impacts to the property and its immediate surrounding areas.

Townhomes at Woodmill Creek Apartments, The Woodlands, Texas

A Property Condition Assessment (PCA) involves evaluating the overall physical state of a building or property. A qualified inspector conducts a thorough visual inspection to assess the property's systems, structure, and its components. This includes examining the roof, walls, windows, doors, electrical and plumbing systems, as well as heating and cooling systems. The inspector's objective is to identify any indications of damage, deterioration, or potential problems that could impact the property's value or safety. The findings of these assessments are documented in a detailed report, which serves as a valuable resource for property owners, buyers, or lenders, enabling them to make well-informed decisions regarding the property.

CBC performed a Property Condition

Assessment (PCA) on this Mixed-Use MultiFamily and retail property that was constructed in 2020. The property is located in an area of ongoing revitalization.

Are you facing the challenge of a distressed commercial property? Don't worry, CBC can help with that. When it comes to assessing the condition of distressed assets, CBC is known for its fast and dependable services. In this article, we'll explore the significance of prompt action in dealing with distressed properties and highlight how CBC's expertise can assist you.

When a commercial property falls into disrepair and/or default, it's crucial to evaluate its physical condition promptly. CBC understands the urgency and conducts thorough assessments before any further changes or renovations take place. Our experts focus on addressing critical issues such as safety concerns, roof leaks, and emergency repairs that require immediate attention. By acting quickly, we help you make informed decisions and minimize potential risks.

If parties concerning the property cannot reach an agreement, bankruptcy may be the last resort. During this legal process, it's vital to closely monitor the property to maintain its

current state. Rent collection and oversight become essential to ensure proper management. If the property deteriorates during bankruptcy, the lender may request a receiver. The receiver, an impartial thirdparty entity, takes charge of protecting the asset and managing it on behalf of all parties involved. They handle rent collection, bill

payments, and liaise with

building and fire departments to ensure occupiable conditions. CBC has had numerous

experiencing in providing third-party receivership.

Contact us for more information or to schedule a consultation.

CBC Provides Asset Condition Assessments

During our 20 years of experience, CBC has been entrusted by our clients to ensure that their assets are being managed properly and stewarded for their tenants.

Typically, an Asset Condition

Assessment is conducted 18 to 24 months into the hold of the asset; in that period CBC will visit the asset to reassess the property to ensure that all previously found Immediate

Needs have been addressed and to review the CapEx

Budget to ensure that the property is in good condition.

Asset Condition Assessments need to be part of your Asset

Management arsenal to ensure that you have a clear

understanding of your property's current condition, allowing you to make informed decisions on its future. With

our expertise, and comprehensive assessments, you can trust CBC to protect your interests and minimize risks.

Summertime is always the Summertime is always the best of what might be. best of what might be.

TEAM MEMBER SPOTLIGHT

Meet Jim CBC Project Manager

James (Jim) Ransom, has had an extraordinary journey in the construction and engineering industry. With over three decades of experience, he has excelled in construction and engineering risk analysis and project management for utility, construction, and engineering corporations. Additionally, his role as the Operations Director for a regional pipeline company led to the creation of a playbook that established a highly reliable transmission system.

Jim's passion for giving back is

evident through his involvement as a former scouting leader and

volunteering with local food banks.

Outside of work, he embraces adventure by climing mountains,

exploring waterways in a canoe, and embarking on family road trips. Jim's dedication to his family is equally remarkable, as he cherishes quality time with his wife and five children

through shared activities and joyful

experiences. His exceptional character, expertise, and commitment to safety make Jim Ransom an inspiring figure in his industry.

WE HAVE MOVED

Welcome to our new office! After 16-years in our 590 Semoran Blvd location, CBC has relocated to a great new location in the Audubon Park neighborhood of Orlando, Just east of Downtown Orlando and next to the Baldwin Park and the Colonial Town North neighborhood, our new offices are located at 3670 Maguire Blvd, Suite 110, Orlando, Fl 32803

Come Visit Us!

Our operations team is in the office every Monday-Friday 8 a.m. - 5 p.m.

Come stop by and see our new place !

Work In Progress

We are so excited to be in our new offices, but when you move from a small office with old furniture into a newer office that is almost double the size of the old one, it takes a while to get settled in properly. And although we are still settling in and making improvements around the office, we welcome anyone who would like to stop by and say hi!