Tag: Commercial real estate

06

Dec2012

Business Planning

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While Compass Commercial is only a little over two years old I worked as an independent contractor for 10 years where I watched how they ran their business.  When I made the decision to leave my former employer I spent over a year talking with different people to determine the ... Read More
December 6, 2012Lynn Drake

11

Oct2012
As a tenant representative this is my advice for landlords and agents representing them:If you don’t treat your tenant’s right I’m not going to warn my tenants about you before showing them your buildings.  As a tenant representative I hear from your tenants why they don’t like the building. If ... Read More
October 11, 2012Lynn Drake

13

Sep2012
As a tenant representative this is my advice for landlords and agents representing them:Don’t over promise improvements when showing the space.  My clients will remember what you told us and think the landlord doesn’t want them when you can’t deliver.  Under sell and over deliver is always better. It does matter ... Read More
September 13, 2012Lynn Drake

26

Jul2012
While sitting at Boston Market in Troy enjoying a chicken pot pie and a newspaper I had this uncomfortable feeling I was one of the only people in the place.  How could this be?  The food is good and healthy. The service is better than most family diners.  Yet crowds ... Read More
July 26, 2012Lynn Drake

12

Jul2012
Over the next few weeks, let’s exchange some lease clauses that drive us crazy. During my 25 years in corporate real estate I had to live with some mighty repugnant clauses, prohibiting such things as sub-leasing a portion of space, occupying the building on weekends or hiring a satisfactory janitorial ... Read More
July 12, 2012Lynn Drake

20

Jun2012
Do you remember the childhood nursing rhyme, “The Old Woman in the Shoe?”  She had so many children, so little space she didn’t know what to do.   Even as the economy is smoothing out and rumbling forward, many tenants find themselves with more space than they can accommodate.  They have ... Read More
June 20, 2012Lynn Drake

23

May2012

From RFP to Lease

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“Promises, Promises,” is a long-running Broadway production. The title song speaks of alibis and dashed promises and yet other promises that bring joy and hope and love.  Promises in commercial real estate mean nothing unless they are in writing in official “request for proposal”  and “contract” format.Don’t trust anything written ... Read More
May 23, 2012Lynn Drake

10

May2012
Talk to any child and you find they have a perfect dream for the basement train set or the equipment needed to have their Wii system rock out.   Talk to a grown-up whose business is on the edge of expansion and you see the bright, shining eyes of a child.  ... Read More
May 10, 2012Lynn Drake

29

Dec2011
As any commercial real estate realtor or broker can tell you, leasing a commercial space is complicated. The leases are long and full of tiny clauses meant to give the landlord as much of your hard-earned dollar as possible. If you don’t speak lease, you’re likely to hit a series ... Read More
December 29, 2011Lynn Drake

30

Nov2011

Pass on the Pass Throughs

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This tax season you want to evaluate the pass through’s or increases over a base year that your landlord charges you.  More than likely you received a bill which shows the actual cost billed less any payments made for these costs.Pull out your lease to review the description on allowable ... Read More
November 30, 2011Lynn Drake