Eminent domain is a phrase that can strike fear in the hearts of many landowners. It means that governments have the authority to ”take” property from an owner without their consent. It is, however, not an unlimited power. There are…
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The Different Types of Commercial Real Estate: Part II
In a previous blog, I discussed four of the eight types of commercial real estate: office, industrial, flex, and retail. Today we’ll go into the other four basic groups: mixed use, hotel, multifamily, and land. Multifamily All residential properties excluding…
Negotiating a Commercial Property Lease: Insurance Clauses
In our last blog, we began discussing commercial leases. As I wrote, the most accurate way to describe a commercial lease is to call it a document that limits the rights and increases the obligations of a tenant and enhances…
What is a Commercial Lease?
Someone knowledgeable in legal semantics or commercial real estate terms would probably describe a commercial lease as a contract by which one party conveys real estate, equipment, or facilities for a specified term and rent. And they would be correct,…
Pros and Cons of Leasing Commercial Real Estate
Previously, we discussed the pros and cons of buying versus leasing a building for your company operations. In this piece, we will outline the benefits and drawbacks of leasing commercial real estate. When choosing whether to buy or lease commercial…
Buying Commercial Real Estate – Is it Right for You?
If you have a business, and need a place to operate, you have an important decision to make – buying vs. leasing commercial real estate. There are positive and negative aspects to each option. Today we will try to help…
The Pros and Cons of Hoteling Office Space
When the COVID-19 pandemic hit, many companies transitioned their operations from a daily physical office space to remote or hybrid work options for the safety and wellbeing of their employees, leaving many offices deserted. Firms with office space in commercial…
The Different Types of Commercial Real Estate
To continue our introduction of the commercial real estate market, I thought it would be helpful to review the various types of commercial buildings. Commercial real estate classification can be broken down into eight basic groups: Office Industrial Flex Retail…
The Difference Between Commercial and Residential Real Estate
Although I’ve written a number of blogs on the various aspects of commercial real estate, such as commercial subleases, sale/leasebacks and OPEX pass throughs, I thought it would be a good idea to go back to the basics for those…
The Perils and Pitfalls of Operating Expense Clauses in a Commercial Real Estate Lease
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…