Next up is Dick. Of course, when you come to meet him before moving in, he is all smiles. Prospects think he is a dream landlord because he always tells you what you want to hear. Little, if anything, is put in writing before the lease is drawn up. He ...
April 2, 2019Lynn Drake
Atwater Beach is another piece in the 5 year plan for Detroit.
March 29, 2019Lynn Drake
After the earthquake in Christchurch, the city didn’t want anyone entering any of the buildings until they could inspect each one of them. However, retailers obviously didn’t want to wait months or years to open their shops, so someone came up with the idea to build shops out of containers. ...
March 26, 2019Lynn Drake
A Mortgage Broker or a Banker will offer different types of financing. The fees are also different, so ask friends or your team members who to use. Before you even think about putting out an offer on any property, get an estimate on all the costs the lender will expect ...
March 22, 2019Lynn Drake
Attorneys are like real estate agents in that some dabble in commercial real estate, while for others it is their primary business. Go with the latter, and you will be happier with the end result. Try and stay away from generalists when hiring an attorney. Ask them what types of ...
March 19, 2019Lynn Drake
Detroit got rid of the mounds of dirt and created a state park that looks better than ever! Compare these before and after photos of Milliken State Park.
March 15, 2019Lynn Drake
Here is the ultimate luxury item for your office building. It is a sleep pod. As an employer, I’m not sure if I would like these in my building or not. What do you think?
March 14, 2019Lynn Drake
This is a common question. Listing agents generally enter into an agreement with the building owner. The commission the seller is willing to pay is outlined in that agreement. The percentage of commission can be based on a number of factors. Usually the listing agent and the buyer agent split ...
March 12, 2019Lynn Drake
Let’s start with Tom. Tom not only owns commercial real estate; he owns a brokerage firm as well. Tom’s buildings are well maintained. If you call the property manager, whatever you need fixed will get fixed. Tom works quickly to get your lease proposals upon request. He will accommodate almost ...
March 1, 2019Lynn Drake
Meet the Landlords: Tom, Dick, Harry, and Pat They are all commercial real estate landlords, and if you don’t learn anything about them before you lease space, you might make a leasing mistake—a mistake that will cost you lots of extra money and stress! My clients often ask me if they need ...
February 5, 2019Lynn Drake