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Articles

Category: Articles

The Perils and Pitfalls of Operating Expense Clauses in a Commercial Real Estate Lease

calculating commercial lease operating expenses

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

What is a Commercial Sublease – Part One: A Tenant’s Rights and Obligations

Leasing diagram

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

NJBIZ Honors McBride Corporate Real Estate’s President, Robert Tillsley with 2021 ICON Award

McBride Corporate Real Estate, a leading tri-state area commercial real estate brokerage firm, has announced that Robert Tillsley has been selected as one of the 2021 NJBIZ ICON Honorees. The prestigious recognition acknowledges business leaders for their contributions, success and

Why Landlords Want to Hang onto Their Tenants

Man shaking hands

“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

What’s transpired in medical offices since the Covid outbreak?

stethoscope sitting on top of medical papers

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

The Disadvantages in Sale-Leasebacks

man in a button-up shirt writes on papers with a black pen

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

Sale-Leasebacks: What’s in it for the Buyer?

People reviewing papers

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

Sale-Leasebacks: How Does the Seller Benefit?

Business man in white shirt leaning onto table with pen in hand

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

James McNerney promoted to Senior Vice President

We are pleased to announce the promotion of James McNerney to Senior Vice President. In this role, James is responsible for the sale, leasing and investment aspects of the commercial real estate business. During his tenure with McBride, James and

McBride Corporate Real Estate Adopts Hoteling Workplace Model with New Office Location

Outside view of office building

McBride Corporate Real Estate, a leading tri-state area commercial real estate brokerage firm, has moved its headquarters from Paramus to Rochelle Park, N.J, to more closely align with the new normal of today’s work-from-home workplace model. As employees continue to

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