Lynn Drake 163
CRE Mistakes Series: Office Neighbors
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. “CRE Mistakes Series: Office Neighbors Once upon a time I was the bookkeeper for a company that sold singing telegrams! We had beautiful offices […]
CRE Definition: Lease Expiration
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. CRE Definitions Series: Lease Expiration Most leases have a start and ending date spelled out in a lease document. The last day of the […]
Case Study: Success Story Michgian Womens Foundation
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Success Story: MWF RelocationTHE CHALLENGE: The Michigan Women’s Foundation had negotiated to buy a building with a developer when the transaction fell through. They […]
CRE Definition: Subleasor
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList.
CRE Definition Series: Tenant Improvements
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. CRE Definitions Series: Tenant Improvements A list of improvements made to a leased space such as building walls, replacing flooring, ceiling tiles, fixtures etc. […]
CRE Mistakes Series: Mistakes
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. CRE Mistakes Series: Retailers not understanding their rent obligations At Compass we get a lot of calls from retailers who leased space without representation. […]
CRE Math Series: Financial Summary for an Office Lease
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. CRE Math Series: Financial Summary for an Office Lease: This year we have been showing you how we calculate the various costs that go […]
Define: Load Factor
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Net/Net/Net also shown as n/n/n – A lease requiring the tenant to pay, in addition to a fixed rental rate, the expense s for […]
CRE Mistakes Series: Furniture to Build Out
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Sometimes tenants ask the landlord to build in the furniture. I was working with a client who wanted a built-in reception desk, walls, and […]
CRE Math Series: Calculating Taxes on an n/n/n lease
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Tenants Share of Taxes: If you have a net/net/net lease, then your firm is responsible for the rent plus a share of the operating […]
CRE Definition Series: Lease Expiration Date
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Lease Expiration Date:Most leases have a start and an end date spelled out in a lease document. The last day of the lease should […]
CRE Definition Series: Executive Suite
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Executive Suite Definition:Many people don’t realize there are many alternatives to leasing an entire suite. For instance, you can often leas an executive suite; […]
CRE Definition Series: Letter of Intent
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Letter of Intent:A letter of intent spells out the terms of an agreement to lease or buy commercial real estate. I usually use one […]
CRE Mistakes Series: Opening Multiple Offices Across the Country at Once
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Sometimes a business will win an account, and in order to fulfill their contract they need to open three new offices in 30 days. […]
Story State Of Michigan
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. The Challenge: The State of Michigan needed a new location for their Secretary of State office in St. Clair Shores, because the location under […]
CRE Definition Series: Evergreening Clauses
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Ever greening Clause Definition: Most leases have an end date with an option to extend the lease expiration date by sending a written notice […]
CRE Definition Series: Zoning Codes
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Every city in the US has zoning codes. These codes outline how a space can be used. For example, doctors often think they can […]
CRE Mistakes Series: Traffic
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Traffic mistakes can be critical. If you visit your future business home in the middle of the day and there is no traffic, that […]
CRE Math Series: How to calculate parking expenses
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Parking Calculations: Parking costs can get complicated. Depending on the location, you may have some parking spots that are more expensive than others. To keep […]
CRE Mistakes Series: Don’t forget about phones and internet when moving your offices
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. CRE Mistakes Series: Don’t forget about phones and internet when moving your offices Businesses spend a great deal of time looking for space and, […]
Mistakes: The Kitchen
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. I can’t help but peek when I see new spaces being built out in the building that houses the Compass staff. Not long ago […]
CRE Definitions: Lease Term
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. The time in which a landlord and tenant enter into an agreement to lease space. This timing should be identified in lease agreement signed […]
SUCCESS STORY: Girl Scouts of Southeastern Michigan
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. The Challenge: The Girl Scouts had a long-term lease at the Fisher Building in Detroit Michigan. Their rent was significantly over market and they […]
CRE Math: Calculating Heating & Cooling
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. If you have a business in Michigan like I do, your heating bills are much more money in the winter than a business that […]
CRE Mistakes: Don’t Fall in Love with a Building while on Tour
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. When looking for space keep your eyes wide open. Put your phone away while doing a walk-through. If the space is an office building […]
CRE Mistakes: Building Standards
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. “Building Standards” refer to the finishes a landlord uses in the building. For example, the entry doors can be wood, 8’ or 10’ tall, […]
How to Hire a Commercial Real Estate Agent
This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. In the market for a new office, or have some extra space available? Many people might look in the Yellow Pages, some will ask […]
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