Criterium Engineers provides the straightforward evaluation required for an extensive Pre-Lease Property Condition Report (also referred to as a property condition assessment) for clients looking to lease buildings of all sizes. They are especially useful for Triple-Net Lease negotiations. Be Informed! Investing in due diligence and being an informed lessee provides greater confidence in the….
Congratulations to our clients Jim & Rebecca Henry, represented by Josh Soley of Maine Realty Advisors, on their recent purchase of the Cinamon Building at 1 Pleasant Street in downtown Portland, Maine. The historic structure built in 1900 is named not for the aromatic spice, but instead for the longtime owners—the Cinamon family—with a slight….
What property types benefit most from accelerated depreciation with a Cost Segregation Study? Many of the costs embedded in a new or existing building can be segregated into categories that also allow for more rapid — or accelerated — depreciation. Many items inside the building – furnishings, fixtures, flooring and the like – can be….
Congratulations to our client Matt Hancock of MH Properties LLC, based in Maine, on his recent purchase of three adjacent properties in Lewiston, Maine: 475 Lisbon Street 491 Lisbon Street 500 Canal Street Criterium Engineers was hired to perform Commercial Building Inspections, conducted by Jack Carr, P.E., on all three buildings, known as the Lewiston….
Congratulations to our clients at Connecticut River Capital for their recent purchase of 465 Congress Street and their plans to get Portland’s first skyscraper ‘back to where it should be,’ as mentioned in the Portland Press Herald. Criterium Engineers was engaged to perform a Property Condition Assessment, which was conducted by Campbell Grant, P.E., prior….
The team at Criterium encourages commercial and residential property owners, property managers, and HOA board members to prepare for the hurricane season which begins each year on the first of June for the Atlantic. The Central Pacific season forecast was announced on May 18. This year’s Atlantic seasonal forecast was recently announced by NOAA’s Climate….
When was the last time you thought about your parking lot? The honest answer, probably is: not in recent memory. It’s not a question of ‘out of sight–out of mind.’ Parking lots and other paved areas are highly visible, but they aren’t all that interesting. There is nothing sexy about asphalt. A well-designed, nicely manicured….