Lynn Drake 178
Meet the Landlords: Tom, Dick, Harry, and Pat
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. Meet the Landlords: Tom, Dick, Harry, and Pat They are all commercial real estate landlords, and if you don’t learn anything about them […]
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. […]
Commercial Real Estate Mathematics: An Industrial Financial Summary
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. As promised the following is an example of a completed financial summary for an industrial property. Please note utilities are not included because the […]
CRE Mistake Series: Mistake – Holding over
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 Mistake Series: Staying past the lease expiration date Every written lease should have a start and end date. Sometimes a locations improvement isn’t […]
CRE Mistake Series: Mistake Building out furniture
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: Built In Furntiure Sometimes tenants ask the landlord to build in the furniture. I was working with a client who wanted […]
CRE Mistake Series: Mistake – Keep Your Eyes Open
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: Expect Exaggeration A landlord representative’s, also known as listing agent’s, job is to sell you the space. They often exaggerate and […]
CRE Mistake Series: Mistake – Keep Your Eyes Open
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: Expect Exaggeration A landlord representative’s, also known as listing agent’s, job is to sell you the space. They often exaggerate and […]
CRE Definition: Request for Proposal
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: Request for Proposal Request for Proposal (RFP) is a written summary of terms for an agreement where one party would be […]
Reflecting on 2018 (Bungee Jumping CRE Broker!)
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. Reflecting on 2018 2018 was a great year for Compass Commercial. Business was up significantly. We moved our offices to the Columbia Center in […]
Sample FS for Warehouse
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 Industrail Space If you saw our financial summary for an office location, you would notice this has […]
Sample FS for Warehouse
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 Industrail Space If you saw our financial summary for an office location, you would notice this has […]
CRE Mistakes Series: Mistakes: Bookkeeper
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 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 Michigan Women’s 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 Relocation THE CHALLENGE: The Michigan Women’s Foundation had negotiated to buy a building with a developer when the transaction fell through. […]
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 Series: Space Calculator
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: 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 […]
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