Experts share top costly Tenant Improvement Work Letter Oversights
A tenant (who didn’t use a project manager) once told me of an argument with his landlord shortly after move-in to his newly constructed office….
Landlord
When Real Estate Brokers Poo Poo Project Management, Find a New Broker
Tenant Rep Brokers, like Project Managers/Owner’s Reps, position themselves as client advocates who only represent the tenant/end-user during the real estate acquisition process. They cast…
When Tenant Construction Worlds Collide, Collaboration Is Key
Clients entrust their project managers to make smart decisions and keep the project moving. We are part collaborator, enforcer and peacemaker, psychologist and psychiatrist and…
13.5 Important Tips Before Leasing Industrial Space
Industrial and warehouse space can range from manufacturing and storage, to distribution such as pick and pack facilities. Each building you consider will have its…
Office Space – Average time between Site Selection and Contract Execution
Site selection can take as long as it takes to identify a location and negotiate a good transaction. There are many variables to consider when…
Do I Need a Fan or Supplemental AC in my IT Closet?
One area of design I find consistently overlooked is the small IT closet. In the last month, I’ve seen a few 5,000 sq ft pre-built…
Navigating Common Area (CAM) Expenses
By Bryan Mashian, Esq., Contributing Columnist When negotiating a lease in a multi-tenant project, such as a shopping center, office building or industrial park, the…
Tenants and Landlords Benefit from Energy Aligned Lease Clause
Commercial landlords may balk at implementing energy-efficient upgrades or retrofits because of the perceived and real financial burdens they face for implementation. This may seem an oxymoron because it’s…
Tenant Improvements vs. Landlord’s Work Letter
What happens when the Tenant Improvement (TI) allowance is not enough to cover the cost of the landlord’s turnkey construction? Tenants often find themselves paying…
Lease Review – What should you focus on outside of the major lease terms?
Do landlords go into the unreasonable “gray area’” when it comes to measuring tenant spaces and common areas? Do they include building overhangs, exterior sidewalks, balconies and patios? It…