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Commercial Real Estate Items

February 15, 2011 | Comments Off

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Commercial Real Estate Items

One of the items which is usually required at the time of selling or purchasing commercial property is an ALTA Land Title Survey. These surveys require the most work and due diligence of most typical land surveys. With an ALTA Land Title Survey, the surveyor is required to go deeper with the property and provide information, such as: Boundary, Utilities, Easements, Zoning, Floodplains, Location to intersections, parking, fire hydrant proximity and more.

Being that these services require more information, you will find that an ALTA Land Title Survey will cost more than a typical boundary survey. This is usually the case with Commercial and residential projects within a known city or town.

Below read more about Commercial ALTA surveys:

Land Title Survey Can Protect Your Investment

Buyers and Lenders of commercial real estate transactions should know the existing conditions and future use of the property or land which they are acquiring.

Buyers and Lenders are using an ALTA survey as part of their feasibility study for commercial projects. Discovering boundary line conflicts or any other restriction AFTER the real estate transaction can be very expensive. Buyers and Lenders want to protect their investment prior to planning, development and investing funds.

Smith-Roberts National Corporation is a nationwide coordinator of ALTA land title surveys and has been providing clients with timely and cost effective surveys since 1981. An ALTA Land Title survey not only identifies conditions of public record that are disclosed in a title report, but may discover unrecorded rights by a third party that can reduce the use/value of a commercial property.

These include:

# Easements that may encumber or benefit the property

# Possible encroachments across boundary lines or easements

# Access to a public street or lack thereof

# Zoning of the property along with setback requirements

# Flood Zones that may affects the subject property

# Evidence of any use by other parties

# Location of any water boundaries on the subject property

# Evidence of cemeteries

# Names of adjoining property owners

An example might be a national lender securing the loan on a commercial property (business, factory, apartments, restaurant, multi-site, etc.) would want to use the ALTA survey in order to receive a thorough survey of the property.

For more information – please visit Smith-Roberts National Corp. - http://www.smith-roberts.com

Incorporated in 1981, Smith-Roberts has become a nationwide leader in the Land Survey industry with exceptional service, timely deliveries and reasonable fees. Smith-Roberts is a nationwide ALTA Land Survey coordinator and the originator of the DesignReady Survey®.
Smith-Roberts is a land survey coordination firm that specializes in coordinating Land Title Surveys for multi-site, multi-state real estate transactions.
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Alta Land Title Survey

January 10, 2011 | Comments Off

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Alta Land Title Survey

We specialize in Alta Land Surveys. We can complete them anywhere within the Western United States.

We are staffed to move on these detailed land surveys in the States of Utah, Idaho, Arizona, Nevada and California. Give us a call today at (435) 623-0897.

Alot of people ask the question, “What are Alta Land Title Surveys?” For more information look below..

Title Insurance and ALTA Land Title Surveys

When you are buying real estate, title insurance is an insurance policy purchased from the title company. The company researches the history of the title, ensuring that the real estate in question is legally clear to sell. The title insurance means that the title company is willing to back their research and correct any mistakes if it is later found that the land should not have changed hands in the first place.

Title insurance may be required to obtain a mortgage, because it protects the lender in case of a title issue. This is lender’s title insurance; you’ll also want an owner’s policy, which provides you protection as the buyer. Be sure that you know exactly what title insurance covers and what it does not cover. It does not cover liens that do not show on public records. It does not cover easements or other disclosed title issues, or some other situations. Despite this, without this insurance you are assuming quite a bit more risk when purchasing a home or other piece of real estate.

When would title insurance cover you? For one example, you purchase a newly constructed home that is part of a subdivision. The title is clean, and the purchase goes through smoothly. Down the line, let’s say the sub-contractor never got paid for his work on your home, or the builder never paid off his mortgage. The sub-contractor or lender could conceivably place a lien on your property, and you would be responsible for these costs. Or, you purchase a home that is being sold because the previous homeowner passed away. Years down the line, a long-lost child of the homeowner could knock on your door and claim to have inherited your house from the previous owner. There are all sorts of situations like these that you simply can’t foresee when buying real estate. Title insurance would cover these issues; in many cases they will negotiate with these claimants so that you can keep your property.

Title insurance is only available after a land survey is conducted on the land in question. ALTA and ACSM land surveys cover not only the boundaries of the property, but also additional information that may go against the purchaser’s interests, such as evidences of possession. The land surveyor you choose for an ALTA land survey has your best interest in mind as they search to discover any information that would show purchasing the land is not in your best interests.

The ALTA and ACSM land surveys are conducted within a strict set of land surveying standards developed to promote uniformity within surveying. These surveys show buildings and other improvements, as well as easements, rights-of-way, and other claims to the land. They can be performed on both commercial and residential lands. This type of land survey goes above and beyond marking the boundaries on the land itself. It also includes records research to ensure that the title is clear. This can help catch problems even before the land changes hands and title insurance is needed.

We at Point to Point Land Surveyors pride ourselves on accuracy, customer service and quality work delivered on time, guaranteed. Residential land surveys are a specialty.

Article Source: http://EzineArticles.com/?expert=Charles_Iner

Utah Secures NSA Location Site

January 7, 2011 | Comments Off

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Utah Secures NSA Location Site

What great news for Utah and the Building Industry. It would be great to get more large projects in the State of Utah like this one. I thought this was a great story and ought to share it with you.

Utah’s NSA spy center will house data, not analysts

January 6th, 2011 @ 6:21pm

By Steve Fidel

CAMP WILLIAMS — Computers drawing enough electricity to power a small city will soon fill a National Security Agency data center on a 240-acre site where officials officially broke ground on Thursday.

But that does not mean Utah is about to see a significant influx of NSA analysts who would not be able to tell their neighbors what they do for a living. Most of the long-term staff at the NSA’s Utah Data Center will have technical jobs, keeping the machines in the 100,000 square feet of computer space working — that within a complex that will include 1 million square feet of enclosed space.

Building the mammoth computer center will bring 5,000 to 10,000 much-needed construction jobs through the time the center is finished in 2013. Long term, the staff will be comprised of 100 to 200 information technology specialists and mechanical and electrical engineers, Sen. Orrin Hatch, R-Utah, said at the groundbreaking.

“The threat posed by computer hackers is very big, and it is growing. That is why this data center is so important.” -Sen. Orrin Hatch

Specifics of the work those engineers will do is not being discussed. But Harvey Davis, the NSA’s associate director for installations and architect of the overall concept of the Utah Data Center, said the machines that will live in Utah are the essence of the NSA’s work.

“This business is technologically dependent,” he said, adding that Utah “is a very reliable site for us.”

The NSA said the data center is a component of the Comprehensive National Cyber-security Initiative “aimed at securing the United States’ information infrastructure and coordinating its defense with state and local governments, as well as the private sector.” The data center’s mission is to help the intelligence community meet cyber-security objectives.

“The threat posed by computer hackers is very big, and it is growing,” Hatch said. “That is why this data center is so important.”

The computer farm that will overlook both Utah and Salt Lake counties from a site just west of Redwood Road is an essential link in the nation’s cyberspace security initiative, said NSA Deputy Director J. Chris Inglis. The Utah Data Center adds physical diversity to the NSA’s computing power without splitting up the intelligence community working at Fort Meade, Maryland.

“It is essential that cyberspace be as resilient and as secure as possible,” Inglis said, adding that responsibility for cybersecurity “is not just the job of the intelligence community.”

Hatch, Utah Lt. Gov. Greg Bell and Utah Adjutant General Brian Tarbet all said political tenacity was backed by a number of essential factors that made Utah the best place for the NSA data center. “We made the best technical case for putting it here,” Tarbet said. Hatch said earlier that 37 other locations were seriously considered before the Utah site was chosen.

The availability of low-cost electrical power was a big draw, with the completed center expected to consume 65 megawatts of power. A power grid unable to expand to meet the NSA’s needs at home in Maryland was a primary reason given for expanding the agency’s computing horsepower elsewhere.

U.S. Ambassador to China Jon Huntsman Jr., Utah’s governor at the time plans for the Utah Data Center were announced, sent his encouragement for the project from Beijing, and Rep. Rob Bishop, R-Utah, sent his support from Washington, D.C. Hatch said keeping plans for the data center on track took the support of the entire congressional delegation.

Utah Gov. Gary Herbert said during his inauguration on Monday the state would be vigilant in keeping the federal government from pushing too far into the state. But the lieutenant governor said there is “absolutely no disagreement” that national security is an essential role of the federal government, and that the data center is welcome in Utah.

E-mail: sfidel@desnews.com