Category: Commercial Real Estate

25

Jul2019

Meet the Landlords: Pat

0    
Next up is Pat. Pat took over managing the family’s commercial building when her husband was put in jail. Let’s just leave it there without any further explanation. On my first call to Pat, I thought perhaps she lived in California because she was quoting $1.00/s.f. and Californians calculate the ... Read More
July 25, 2019Lynn Drake

23

Jul2019

What is a Contingency?

2    
A contingency can be thought of as an exception in a real estate contract (a kind of, “I will do this, if you do that” or “if you don’t do this, I won’t do xyz”). For example: We will buy this property if the roof is in good condition. We ... Read More
July 23, 2019Lynn Drake

11

Jul2019
USA/Canadian fireworks from the roof of the Millender Garage for a 2017 Fundraiser during the Thanksgiving Parade.  
July 11, 2019Lynn Drake

09

Jul2019
I often get this question on leasing and buying buildings. No matter which side you are on, you will convince yourself you are right. The issue with buying a building is that sometimes the buyer paid to much and can’t afford to sell the building for less. Many people who ... Read More
July 9, 2019Lynn Drake

02

Jul2019
Motor City Dance Factory is a client of Compass Commercials. She leased an older flex building and turned the space into what it is today. What do you think?
July 2, 2019Lynn Drake

19

Jun2019
We ate lunch at a rotating restaurant on top of a sky scraper, which was lot of fun. The views were great, but what I found most interesting was the glass sink in the bathroom. While it looked beautiful, it wasn’t very functional. The water pressure caused the water to ... Read More
June 19, 2019Lynn Drake

18

Jun2019
There are several options for putting forth an offer to purchase:  a written purchase agreement an email or letter detailing the terms a letter of intent I generally don’t like to start with a purchase agreement, as commercial contracts have so many legalese that most people may get lost in the language. ... Read More
June 18, 2019Lynn Drake

13

Jun2019
Detroit took an old building and turned it into the Outdoor Adventure Center.
June 13, 2019Lynn Drake

06

Jun2019
The turnout for GM River Days fills the entire area!
June 6, 2019Lynn Drake

04

Jun2019
As a commercial real estate agent, I usually spend 5 to 10 hours just looking for potential sites for sale. Once a list of potential locations are found, they are sent to the client to pick which buildings they want to see. Tours can be as short as an hour ... Read More
June 4, 2019Lynn Drake