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
“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
15
Mar2019
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
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
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
Here are some before and after shots of Rivard Plaza in Detroit, MI.
February 28, 2019Lynn Drake
26
Feb2019
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
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
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
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
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