Tag: CRE




Success Story

The Challenge: The client had been an office tenant in their Detroit location for many years.  They contacted Compass Commercial after the building had been listed for sale and a buyer was completing their due diligence by asking the tenant to sign off on an estopple certificate, which is a letter ... Read More
November 5, 2020Lynn Drake


 https://youtu.be/yyMvysoa1Nk The Challenge:Motor City Dance Factory was in a 5,000 sq ft, one-story office building in Southfield, Michigan. Their original location did not have high enough ceilings for the dancers and gymnasts. There was not enough parking, and the business had outgrown the space long ago. What We Did:Compass Commercial worked with ... Read More
August 21, 2020Lynn Drake


 THE CHALLENGE The Betty Brigade had experienced a growth spurt and needed space that would allow them to handle the current staff while growing about 50% in the next few years. Compass Commercial worked with The Betty Brigade and found a great location for the company. However, it ended up that the space was ... Read More
July 23, 2020Lynn Drake


The Challenge: With the help of Compass Commercial, Aras opened a 1,000 s.f. office in Troy, MI in 2014. However, within just a couple of years, Aras needed to double their size, and by 2018 they needed a space for 40 people.   What We Did: Compass needed to identify a building located ... Read More
June 17, 2020Lynn Drake


The Challenge:The State of Michigan needed a new location for their Secretary of State office in St. Clair Shores, because the location under lease did not have enough parking for their vistors  The State had outsourced their real estate acquisitions to 5 commercial real estate companies operating in Oakland County, ... Read More
June 12, 2018Lynn Drake


The time in which a landlord and tenant enter into an agreement to lease space. This timing should be identified in lease agreement signed by both parties. For instance, if I leased an office for one year starting February 1, 2018 the lease would expire on 1/31/19. The lease term ... Read More
February 28, 2018Lynn Drake


Real estate agents who list commercial real estate for lease or sale. Often prospective tenants don’t realize that the landlord representative works exclusively for the landlord. Their job is to get the most favorable terms for the property’s owner.    
February 5, 2018Lynn Drake


A Tenant Representative is a commercial real estate agent or agency that focuses solely on the needs of a tenant, rather than being tied to the landlord or building owner. Your tenant representative has only one party's interest in mind - yours. Since they work for you, they are charged to ... Read More
February 1, 2018Lynn Drake