Harvey MacKay, author of the seminal business book "Swim with The Sharks Without BeingEaten Alive" (prequel to the reality show Shark Tank) suggested that entrepreneurs focus their energies on drumming up business and managing staff.He recommends leaving the jobs you know little about to professionals who know a lot in ... Read More
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“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
27
Jun2016
What is the difference between a Leasing Agent and Tenant Representative?* You will usually find the leasing agents name on the for lease sign out in front of a building. The tenant representative agent will be a bit harder to find because they won't have for lease signs as they ... Read More
June 27, 2016Lynn Drake
27
Jun2016
So you plan on moving your office or warehouse in the next six months or so? Now’s the time to plan for the big day and for months of smooth operations thereafter. Here’s a fundamental game plan to ensure all goes well: Appoint a coach, whose primary task in the pre- and ... Read More
June 27, 2016Lynn Drake
18
Apr2016
Many prospective tenants approach me with wish lists a mile long, itemizing everything they want in their business suite. When I get down to their budget with them, I often learn they only want a one-year lease. You can’t expect the moon and the stars if you want a short-term ... Read More
April 18, 2016Lynn Drake
04
Apr2016
Not too long ago, a business coach called me about one of his clients who had a slightly unusual need for office space. His client had already hired an agent and was running into all kinds of challenges. Her coach told her to get rid of the agent and hire ... Read More
April 4, 2016Lynn Drake
21
Mar2016
Just before and during the 2007-2009 recession, month-to-month leases were very common. During that period, so many businesses experienced financial hardships that the tenants didn't want to sign long term leases. At the same time, tenants whose leases were expiring often asked the landlord to let them rent on a ... Read More
March 21, 2016Lynn Drake
07
Mar2016
Having managed a fortune 500’s real estate department for many years, I was never a big believer in long term leases. I found that business space needs fluctuate and it's often not good to be locked in.However, there are times when you may want to consider a long-term lease. For ... Read More
March 7, 2016Lynn Drake
29
Feb2016
In the spring of 2015, I got a 22% increase in my common area maintenance (CAM) pass-through expense. CAM charges are billed pro rata to me and other tenants, based on our percentage of total property square footage and to cover the cost of common area upkeep.When I sent an ... Read More
February 29, 2016Lynn Drake
15
Feb2016
Recently, I got a call from a prospective tenant asking me for something I had never heard of before. After 30 years in the business, I thought I had heard it all! Together, we reviewed our process so she could identify what it was she needed. Turns out this client ... Read More
February 15, 2016Lynn Drake
01
Feb2016
Did you know that office buildings have a rating system? We often will say a building is a Class A building—but what does that really mean?Class A BuildingsA Class A office building means the building is either less than 7 years old, or the lobby has been upgraded in the ... Read More
February 1, 2016Lynn Drake