When I was a young broker in the late 1980’s, I attended a dinner where a number of real estate developers spoke. When asked about operating expenses, one of the speakers, who was a New York City landlord, answered that any property manager who doesn’t make a ten percent profit

Today, we begin a series of articles on the various aspects of a commercial real estate lease. To kick it off, we present a two-part piece on a commercial sublease, first focusing on the rights and obligations of a tenant when subletting a commercial property. Subleasing a commercial space means

“Knowledge is power.” Those words coined by Francis Bacon in 1597 still ring true today—particularly when it comes to deciding whether to renew your lease or move on. Let’s assume for this exercise that your current space is functional for your purposes. As a tenant, you stand in a position

So much has changed in the last year. As I write this today, I find it hard to remember a time when I took a carefree trip to the grocery store or a restaurant—maskless and without a hand-held sanitizer in my pocket—with little consideration for the physical space in those

The past two articles I’ve written have talked about many of the advantages of participating in a sale-leaseback transaction. As with all things that have positive aspects, there are also some negative implications that one should be aware of before entering into a situation such as this. A small aside;

Last month, we introduced you to the concept of a sale-leaseback, which occurs when the owner of a building sells a property they currently occupy to an investor, then leases that space for an extended period. For a successful sale-leaseback to occur, both the seller and the buyer need to

Sale-leaseback transactions have experienced record activity in recent years. But what exactly is a sale-leaseback—and what’s the draw? Sale-leasebacks are multi-faceted and involve a myriad of intricacies. Today we will delve into this complex but important topic in the first of a four-part series that explores its advantages and disadvantages.

McBride Corporate Real Estate, a leading tri-state area commercial real estate brokerage firm, represented DialAmerica in the lease of a 24,000 sq ft space to Valley Health in its Mahwah, N.J. corporate headquarters location. A division of Valley Hospital, the NJ-based healthcare facility will use the space as a call

A few months ago, pre-pandemic, I wrote an article about some of the changes we’ve seen—and, at the time, expected to see—in office space. That was mid-March. In only a few short months, so much has changed—and profoundly so. Case in point: the great experiment in open office space. Once

This article is the first in a series that helps to define terms used in commercial real estate and concepts that a lessee, buyer, seller or landlord may come across during a transaction. If a lease is expiring, a tenant can do one of a few things: renew it, move,