After the earthquake in Christchurch, the city didn’t want anyone entering any of the buildings until they could inspect each one of them. However, retailers obviously didn’t want to wait months or years to open their shops, so someone came up with the idea to build shops out of containers. ...
March 26, 2019Lynn Drake
A Mortgage Broker or a Banker will offer different types of financing. The fees are also different, so ask friends or your team members who to use. Before you even think about putting out an offer on any property, get an estimate on all the costs the lender will expect ...
March 22, 2019Lynn Drake
Attorneys are like real estate agents in that some dabble in commercial real estate, while for others it is their primary business. Go with the latter, and you will be happier with the end result. Try and stay away from generalists when hiring an attorney. Ask them what types of ...
March 19, 2019Lynn Drake
Detroit got rid of the mounds of dirt and created a state park that looks better than ever! Compare these before and after photos of Milliken State Park.
March 15, 2019Lynn Drake
Here is the ultimate luxury item for your office building. It is a sleep pod. As an employer, I’m not sure if I would like these in my building or not. What do you think?
March 14, 2019Lynn Drake
This is a common question. Listing agents generally enter into an agreement with the building owner. The commission the seller is willing to pay is outlined in that agreement. The percentage of commission can be based on a number of factors. Usually the listing agent and the buyer agent split ...
March 12, 2019Lynn Drake
Let’s start with Tom. Tom not only owns commercial real estate; he owns a brokerage firm as well. Tom’s buildings are well maintained. If you call the property manager, whatever you need fixed will get fixed. Tom works quickly to get your lease proposals upon request. He will accommodate almost ...
March 1, 2019Lynn Drake
Here are some before and after shots of Rivard Plaza in Detroit, MI.
February 28, 2019Lynn Drake
A good agent knows the market and can save you a significant amount of time. On most purchases, I spend anywhere from 50 to 100 hours on a single transaction. Agents have access to tools, and possibly listings, that you would never know about without them. I believe everyone can ...
February 26, 2019Lynn Drake
Every year my partners from ITRA Global gather to learn from each other. In 2017 we took a trip to Atlanta, Georgia. While there, we went to see the former Sears warehouse in Atlanta. It was a fascinating tour. The former warehouse now houses restaurants, stores, office space, living space, ...
February 15, 2019Lynn Drake