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
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“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
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
24
Jan2019
The first step is to do some soul searching. Is it better to lease or buy a building? Is your business still growing? If so, how much time do you have until your team outgrows the building. What is the cost to lease versus the cost to buy a building?
January 24, 2019Lynn Drake
22
Jan2019
The Uniroyal Prominade is currently being worked on in Detroit and is part of the 5 year plan!
January 22, 2019Lynn Drake
15
Jan2019
In 2019 , we will take a detailed look at buying a commercial building. It isn’t that hard, but there are a lot of steps that you need to understand, and the timing of each one is critical. In this series, we will look at who should be on your ... Read More
January 15, 2019Lynn Drake