Is open office right for your business?

There is definitely a trend in the commercial real estate industry to open office concepts.

There are a number of reasons why it works for some office users, but it may not make sense for everyone.

Continue Reading

Greatest gifts of the past year

Christmas is a time to reflect and appreciate all the good things that happened over the past year.

Commercial real estate agents are no different.

And as such, I submit to you the greatest gifts tenants, landlords, buyers and sellers gave me in 2019.

Continue Reading

Agreement for Sale vs Vendor Takeback: which is really better?

With commercial mortgage rates at historic lows and good availability of funds, we don’t find occasion where these alternative finance options are often used.

There are however times when an alternative strategy is required for the buyer to fund the deal.

Continue Reading

How does MY option to renew work?

It was represented to you that you have an option to renew.

There is a specific clause in your lease that spells out details of that option to renew.

However, can that clause effectively achieve what you intend it to?

Continue Reading

Is an apartment building residential or commercial?

Technically, I suppose they’re both!

Though apartments buildings may exist in traditional residential zoning, they absolutely qualify as a commercial investment

Here’s why.

Continue Reading

When time is not on your side

A focus on deal timelines are a necessary evil in our commercial real estate world.

They are the thread that binds conditional lease and sale transactions.

But what happens when issues arise beyond your control that negate those agreed upon timelines?

Continue Reading

Could a long-term national lease devalue your commercial real estate?

We were recently called in to value and market a single tenant property with an existing lease in place. The tenant had been granted an option to renew during their last renewal negotiation.

I informed the owner that we would have been able to achieve a higher price if we were able to go to the market as a vacant property.

Continue Reading

3 ways to make sure you DON’T lease up a vacancy

Oh sure, everyone has ideas about how to get a space leased up.

But when is the last time someone made a list about how not to get a space filled?

Wait no more, landlords, I have a list as such for you.

Continue Reading

What to know before you buy a business

There are important elements to consider when reviewing a business with the intent to purchase.

Taking the time complete a thorough investigation is critical to discover the hidden facts.

Continue Reading

Sage advice for the entrepreneur

As I looked into the eyes of a classroom of entrepreneurs last week I wondered what wisdom I could impart.

My first thought was, good on you. You’ve found a passion and you want to share it with the world!

My secondary thought was, awesome, here comes a commercial real estate agent ready to deflate all your hopes and dreams.

I jest.

But I have heard this comment before, so let’s get it out in the open and have a chat about it.

Continue Reading