“Exclusively Representing Tenants and Buyers of Commercial Real Estate”

28

Feb2019
Detroit Riverfront Conservancy – Rivard PlazaSticky Post
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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

Mar2019
Art, Architecture, or Bad Design? – Retail Space Created out of Containers
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by Lynn Drake / / Commercial Real Estate
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. ... Read More
March 26, 2019Lynn Drake

22

Mar2019
Find the Right Team Member: Commercial Mortgage Broker or Banker
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by Lynn Drake / / Commercial Real Estate
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 ... Read More
March 22, 2019Lynn Drake

19

Mar2019
Find the Right Team Members: Attorney
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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
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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?
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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?
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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

01

Mar2019
Meet the Landlords: Tom
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by Lynn Drake / / Commercial Real Estate
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 ... Read More
March 1, 2019Lynn Drake

26

Feb2019
Why Should I Use an Agent?
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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
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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