Entries by Shenehon Company

Economic Benefits Provided by Municipal Liquor Stores

By: Joshua R. Johnson Economic Benefits Provided by Municipal Liquor Stores The 21st Amendment to the U.S. Constitution was ratified on December 5, 1933, effectively repealing the 18th Amendment, and ending nationwide prohibition on the sale of alcoholic beverages.  This transferred liquor control from federal oversight to state oversight.  Many states immediately sought to privatize […]

Highest and Best Use

By: Mark T. Jude Highest and best use is a phrase used in many real estate reports.  It may be glossed over or the analysis quickly performed by the appraiser with little to no thought.  In many reports, this leads to the appraiser assuming the highest and best use of a property is the current […]

Net Lease Rental Agreements: Investment Potential and Risk Factors

By: Alec D. Gooley One of the most common lease agreements in the commercial real estate industry is a net lease.  Net leases are rental contracts between landlords and tenants that require the tenants to contribute payments toward operating expenses in addition to an annual base rental rate.  Although many office and industrial leasing contracts […]

Frequently Asked Questions on Tax Increment Financing (TIF)

By Heather M. Burns Shenehon Company often works with clients in the early stages of real estate development projects to navigate the options available and determine the best way to set the groundwork for a successful project. One financing tool that can be utilized, but is not always fully understood, is tax increment financing (TIF). […]

2016 Q4 Economic and Real Estate Wrapup and a Look Ahead

In spite of lingering global economic concerns, the U.S. economy continued to expand through the first 11 months of 2016.  According to the latest Beige Book, most districts indicated a modest to moderate pace of growth, and the overall economic outlook for the U.S. economy remains positive.  Tightening labor markets were reported in seven districts, […]