A Tale of Six Cities - CFO.com’s Alix Stuart analyzes corporate real estate stats in six major US cities

Alix Stuart’s A Tale of Six Cities is a well-written article about considerations a CFO must make related to real estate and peripheral costs impacted by real estate, like cost of living.  In the article, Alix identifies six major cities - 2 on the East Coast, 2 on the West Coast and 2 in the Central [...]

The Under-Utilized Tenant Representative

NOTE: This post applies more to small and mid-sized businesses than for large enterprises with in-house real estate and facilities employees.
Since I transitioned into commercial real estate, I have served as a tenant representative for thirteen clients across eighteen active or completed transactions.  About one-third of these deals have come from existing corporate clients, while [...]

One of the stranger lease clauses I have seen

The following is an actual lease clause I came across recently.  For the sake of the parties to the lease, I have removed any personally identifiable information.  Please allow this example to serve as an illustration that there are a lot of different factors involved in negotiating a lease.  An item that doesn’t strike you as much to give [...]

What if someone gave you $50 per square foot to remodel your home?

Would you redo your kitchen?  What about your bathrooms?  Add on a sundeck or a swimming pool?  And why would someone just give you that kind of cash, never expecting to see it again?
In the world of residential real estate, this concept may sound kind of crazy, but in the world of office leases, tenants are routinely [...]

Are You Being Served… More Expenses Than You Deserve?

On Monday morning, my colleague Bill in our Audit and Recovery practice presented to all of us on the expense and fee clauses that he frequently sees when he is brought in to audit a client’s lease.  Since he is compensated on a contingency basis, he is very good at finding discrepancies between what the lease obligates [...]