“Exclusively Representing Tenants and Buyers of Commercial Real Estate”

04

Aug2015
I’m going to be speaking at a conference on disaster recovery in a couple of weeks.  It looks like the universe wanted me to realize that perhaps my plan wasn’t so great after all.  Last week there was a substation fire across the street from our offices in Troy.  Our ... Read More
August 4, 2015Lynn Drake

26

Jul2015
In residential real estate, agents are required to provide you with a statement indicating that they either a) represent you exclusively or b) if they are a dual agent.  Dual agent sounds like something out of a science fiction book, doesn’t it? In the real estate world, it means an ... Read More
July 26, 2015Lynn Drake

12

Jul2015
Hopefully, based on the other articles I’ve written, you had notes in your calendar as to when your lease expires and when you’ll need to provide your landlord a notice of renewal.Questions to Ask Yourself Here are a couple of things to think about/ask yourself. What if your lease states that ... Read More
July 12, 2015Lynn Drake

21

Jun2015
So, your landlord has contacted you about relocating your office, out of the blue. What should you do? I’m not going to mince words here: pull out of the lease right away.  Is there a clause within your lease that allows the landlord to relocate you?  If not, you can ... Read More
June 21, 2015Lynn Drake

07

Jun2015
I once had a client who told me he only wanted to see older, well-maintained buildings. When he found out our offices were in a Class A building, he couldn’t understand why we’d deign to pay the extra money. He asked us: what benefit is there to paying more for ... Read More
June 7, 2015Lynn Drake

29

May2015
A friend of mine has the most perfectly located office in Metro Detroit.  As I drove there recently, I experienced some serious location envy. However, the green monster ended the minute I got to the building: there was virtually no parking! Where, I wondered, does everyone park? Entering the lobby, ... Read More
May 29, 2015Lynn Drake

29

May2015
Late 2014 was the most exciting time to be a Detroit agent in years. It seemed like everyone wanted to move! Our phones rang off the hook. We got calls from companies overseas, as well as companies in the US, all wanting to open an office here in the Detroit ... Read More
May 29, 2015Lynn Drake

29

May2015
Selling your tiny office building for $1 million is a bit like winning the lottery: there’s a small chance you can do so, and a much larger chance that you’ll never be able to do so. See, if you found someone who had the cash and didn’t require an appraisal ... Read More
May 29, 2015Lynn Drake

28

May2015
In our last post, we spoke about the importance of ensuring that you’re not being overcharged for operating fees in your lease. Why are we still talking about them?  Here’s why.  If you or your attorney didn’t address what can and can’t be charged in operating fees when you reviewed ... Read More
May 28, 2015Lynn Drake

28

May2015
What I really mean by that question is this: do you know what operating costs for a building consist of? What the operating costs of your building consist of? Let’s break it down. Operating costs include the building’s taxes, replacement insurance for the building, as well as fees for landscaping, ... Read More
May 28, 2015Lynn Drake