Tag: buyer representative

09

Aug2017
Follow this  link to determine how much square footage your firm needs:  https://www.compass-commercial.com/backoffice-space-calculator/
August 9, 2017Lynn Drake

21

Nov2016
Now that the economy has improved we are seeing our clients interested in buying buildings again.  I recently heard about a woman who wanted to open a coffee shop so she went to the bank first to get a loan to buy the building. Just because a building is for sale on ... Read More
November 21, 2016Lynn Drake

25

Jul2016
What will happen if you hired a professional tenant representative to help you with your commercial real estate needs? Choosing to do so mitigates your risk: You can continue doing what you do best, your business, or you can relax as we handle all of the details, freeing you from the hassle of ... Read More
July 25, 2016Lynn Drake

18

Jul2016
Before we work with any client looking to buy a building, we ask them to go to the bank and determine how much of a loan the bank will give them. Some of our clients end up talking with a teller or bank manager who doesn’t really know how to do this. ... Read More
July 18, 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

01

Feb2016

The ABC’s of Real Estate

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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 Buildings A 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

20

Dec2015
Having been in this industry for many years, I feel like I’ve seen it all. My experience working for a landlord, and then working in a corporate real estate department  before becoming a real estate agent was so very useful in teaching me all the sides of a transaction. But what ... Read More
December 20, 2015Lynn Drake

17

Aug2015

The Relocation Clause

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Each year, I’m amazed at the new things I see happening with tenants. One of the largest buildings near us in Southfield, has taken the relocation clause to new heights. A tenant in the building worked diligently with their landlord to get their proposed office space just right. No sooner ... Read More
August 17, 2015Lynn Drake

19

Mar2014

Open Floor Plan, Anyone?

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There is much debate about the open floor plan. As you read recently, Compass Commercial moved offices last year, and as we began to search for space, I wanted one that would attract a younger generation of workers—which meant going with an open floor plan. Are you considering doing the ... Read More
March 19, 2014Lynn Drake

05

Mar2014

Do You Speak Lease Terms?

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Some of us speak Greek, Spanish, French or Mandarin, in addition to English. We think that if we can speak these other languages, surely we can speak real estate. But that’s where we’re wrong. See, not everyone can speak real estate. That’s why it’s important to work with a tenant ... Read More
March 5, 2014Lynn Drake