“Exclusively Representing Tenants and Buyers of Commercial Real Estate”

09

Oct2018
CRE Mistakes Series: Office Neighbors Once upon a time I was the bookkeeper for a company that sold singing telegrams! We had beautiful offices in a high-rise building. To be hired one had to audition which could be very loud. The neighbors often complained so all interviews had to take ... Read More
October 9, 2018Lynn Drake

06

Oct2018
October 6, 2018Lynn Drake

05

Oct2018
CRE Definitions Series: Lease Expiration Most leases have a start and ending date spelled out in a lease document. The last day of the lease should be clearly defined in the lease agreement or an addendum if occupancy didn't start on time. Tenant must be out of the space on the ... Read More
October 5, 2018Lynn Drake

03

Oct2018
Success Story: Michigan Women's Foundation Relocation THE CHALLENGE: The Michigan Women’s Foundation had negotiated to buy a building with a developer when the transaction fell through. They approached Compass Commercial 6 weeks before their lease was due to expire for help. Their offices were in Detroit. The landlord, planned on raising ... Read More
October 3, 2018Lynn Drake

01

Oct2018
Wondering how much office space your business really needs? We can help! Follow the link below to our website, which will provide you with the tools you need to determine the right size space for your new or existing office. https://www.compass-commercial.com/space-calculator/          
October 1, 2018Lynn Drake

27

Sep2018
CRE Mistakes Series: Retailers not understanding their rent obligations At Compass we get a lot of calls from retailers who leased space without representation. Sadly, they didn’t read, much less understand, the lease they signed. They got their space, moved in, and started paying rent. Then they get the bill from ... Read More
September 27, 2018Lynn Drake

21

Sep2018
CRE Definition Series: Renewal Option Tenants often want the right to extend their lease term after the initial lease term expires. The right to extend the lease option should be spelled out in the lease. If you don’t have this option it doesn’t mean the landlord won’t renew the lease, simply ... Read More
September 21, 2018Lynn Drake

21

Sep2018
CRE Definition Series: Renewal Option Tenants often want the right to extend their lease term after the initial lease term expires. The right to extend the lease option should be spelled out in the lease. If you don’t have this option it doesn’t mean the landlord won’t renew the lease, simply ... Read More
September 21, 2018Lynn Drake

17

Sep2018
CRE Definition Series: Security Deposit A deposit made by a tenant or buyer of property. The landlord or seller will usually determine the amount based upon the tenant’s credit or the purchase price of a building.        
September 17, 2018Lynn Drake

12

Sep2018
CRE Math Series: Financial Summary for an Office Lease: This year we have been showing you how we calculate the various costs that go into preparing a financial summary. Curious what this looks like with all the costs together? Wonder no more as we have included a financial summary ... Read More
September 12, 2018Lynn Drake