The Delayed Occupancy Provision and Why It Matters to Tenants

- June 10, 2021

No matter how carefully all parties plan, the construction of a new building or new space takes time and often comes with unanticipated delays and costs. Because no two construction projects are identical, there are a number of reasons a project may hit unexpected delays and exceed budget, including: Material shortages.  Project design changes. Labor […]

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Tips for Leveraging Commercial Real Estate Lease Negotiations

- June 3, 2021

A commercial real estate acquisition strategy may take time and focused attention, but the process is critical if you want to keep your portfolio aligned with your overall strategic goals, while also adding value to your business. As part of our team’s CRE acquisition strategy blog series, we’ve discussed how to: establish your CRE project […]

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Understanding the Fees on Your CRE Settlement Statement

- May 27, 2021

When purchasing or selling real estate, you’ll likely come across a settlement statement. These statements will provide a full disclosure of a loan’s terms. Most importantly, it will outline all of the fees and charges that are associated with the transaction and whether these costs are covered by the seller or purchaser. Included in these […]

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The Disadvantages of Signing a Short-Term or Flexible Lease Agreement

- May 20, 2021

Most of the time, flexibility offers advantages, and gives organizations the ability to adjust in real time to changing dynamics in the market. However, flexibility is not always a positive attribute, especially when it comes to short-term or flexible lease agreements. A flexible lease, or short-term lease, allows tenants to move into a space for […]

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The Construction and Condition of Premises Provision and Why It Matters to Tenants

- May 13, 2021

Whether you’re interested in an existing space or one that has yet to be constructed, it’s important to pay attention to the premises provision of your commercial lease.  The premises provision of a lease is where the landlord outlines the state in which the property is in prior to leasing. This can be considered a […]

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