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.

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Dec2018
Life isn't about finding yourself Life is about creating yourself - George Bernard Shaw do not post on website        
December 6, 2018Lynn Drake

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Dec2018
December 4, 2018Lynn Drake

28

Nov2018
https://www.youtube.com/watch?v=7_5PIQVKPDE
November 28, 2018Lynn Drake

26

Nov2018
CRE Definitions Series:Subleasee When a tenant leases space from another tenant whose lease term hasn’t expired (which is called a sublease) the new tenant is referred to as the sublessee.   
November 26, 2018Lynn Drake

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Nov2018
https://www.youtube.com/watch?v=HxSYyAUSrGk
November 22, 2018Lynn Drake
Tood Fenton Picture

20

Nov2018
 I had the opportunity to interview Todd Fenton the Economic Development Manager at City of Royal Oak a week ago. While we were talking the Mayor, Mike Fournier stopped by too. When we think of exciting change in the Detroit area we often focus on Detroit. Royal Oak has so ... Read More
November 20, 2018Lynn Drake

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Nov2018
CRE Definitions Series: SublessorA tenant who finds someone else to take over their lease agreement is called the Sublessor.   
November 19, 2018Lynn Drake

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Nov2018
CRE Definitions Series: Tenant ImprovementsA list of improvements made to a leased space such as building walls, replacing flooring, ceiling tiles, fixtures etc. The landlord or the tenant may do the work. Either party may agree to pay for the construction. All improvements should be identified in the lease and ... Read More
November 16, 2018Lynn Drake

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Nov2018
CRE Definitions Series: ZoningEvery city in the USA has zoning codes. These codes outline how a space can be used. One simple example is when doctors often think they can lease space in any office building. However most medical buildings have additional parking requirements to accommodate their staff and clients. ... Read More
November 8, 2018Lynn Drake

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Oct2018
CRE Mistake Series:Staying past the lease expiration date Every written lease should have a start and end date. Sometimes a locations improvement isn’t completed in time, so the start date will shift. Usually a commencement letter is signed acknowledging the new start date. Most leases have a holdover fee clause. ... Read More
October 29, 2018Lynn Drake