Lynn Drake

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.

19

Mar2019

Find the Right Team Members: Attorney

by Lynn Drake / / Commercial Real Estate
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 ... Read More
March 19, 2019Lynn Drake

15

Mar2019

Detroit Riverfront Conservancy – Milliken State Park

by Lynn Drake / / Commercial Real Estate
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

14

Mar2019

Art, Architecture, or Bad Design?

by Lynn Drake / / Commercial Real Estate
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

12

Mar2019

How are Commercial Real Estate Brokers Compensated?

by Lynn Drake / / Commercial Real Estate
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 ... Read More
March 12, 2019Lynn Drake

28

Feb2019

Detroit Riverfront Conservancy – Rivard Plaza

by Lynn Drake / / CRE, Detroit, Inspiration, looking for office space
Here are some before and after shots of Rivard Plaza in Detroit, MI.
February 28, 2019Lynn Drake

26

Feb2019

Why Should I Use an Agent?

by Lynn Drake / / agents, Commercial Real Estate Locations
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 ... Read More
February 26, 2019Lynn Drake

15

Feb2019

Atlanta, Georgia – Mixed Use Development

by Lynn Drake / / CRE, Inspiration, Negotiating Commercial Real Estate
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, ... Read More
February 15, 2019Lynn Drake

12

Feb2019

Find the Right Team Members: Commercial Agent

by Lynn Drake / / agents, CRE, Leasing
You will need a commercial agent, an attorney, a banker, an inspector, and possibly someone who handles construction. If you are going to hire a commercial agent, do some research on who to hire. Most people think that every licensed real estate agent has the same experience, but that simply isn’t ... Read More
February 12, 2019Lynn Drake

31

Jan2019

Detroit Riverfront Conservancy – GM Plaza

by Lynn Drake / / CRE, Detroit, Inspiration
Here are before and after pictures of the GM Plaza. Notice the beautiful water in front of the building.
January 31, 2019Lynn Drake

29

Jan2019

Develop the Building Criteria

by Lynn Drake / / Commercial Real Estate
Identifying and finding the ideal building is similar to the finding a lease property. First, you need to determine what type of building is required. You can put a regular office user in any commercially zoned office space. However, you can’t put a medical user in any office building. The space ... Read More
January 29, 2019Lynn Drake