Commercial realtors saw their income surge in 2017



Real estate agents in the commercial sector are benefiting from a substantial increase in gross income and sales volume, according to new data from the National Association of Realtors. The NAR’s latest 2018 Commercial Member Profile shows that the median gross annual income for members hit $150,000 in 2017, up from $120,999 the year before. […]

You Want Me to Move Where? Tenant Relocation Clauses in Office Leases



Many commercial real estate leases contain tenant relocation clauses, which allow the landlord to require that the tenant move to different rental space. Since relocations are uncommon, tenants may not pay attention to those clauses when negotiating their leases. However, the terms in the relocation clause can make–or break–a tenant’s business when triggered. Why Landlords […]

What to Look for in a Tenant Buildout



When leasing commercial real estate, tenants need to budget for the buildout. A buildout includes adding walls, doors, outlets, cabinets, and anything else that constructed in the rental space. In office leases, the lease usually requires that the landlord pay the cost of the tenant’s buildout. How Leases Describe Buildout Obligations No matter what the […]

Amazon’s new headquarters may end up in two different cities



Amazon.com Inc.’s hunt for a city to host its second headquarters is nearing its end, and rumor has it the company will end up choosing two locations instead of one, according to the Wall Street Journal. The idea now is that Amazon will split its proposed workforce (and therefore the promised economic benefits) between two […]

If You Think You Know How Your Office Lease Square Footage is Calculated, Guess Again!



You might think you can easily verify the square footage in your office lease.  After all, it is easy to calculate the square footage of the living room in your new home to plan for furniture placement. You use a tape measure to measure from wall to wall in both directions. Then, as you learned […]

Trump administration offers tax breaks for Opportunity Zone investors



President Donald Trump’s administration is teasing real estate investors with the possibility of significant tax breaks when they buy properties in “distressed economic areas” that have since been labeled as “opportunity zones” by the U.S. Treasure Department. Steve Mnuchin, the Treasury’s Secretary, said the newly designated zones could attract as much as $100 billion in […]

Commercial real estate set for gender diversity boost



Commercial real estate companies in California are due for a shake up after a decision by lawmakers that mandates that more women are named to their boards of directors. Lawmakers in the state have just enacted a new law that requires all public corporations to have at least one female on their board by the […]

What to do if You Aren’t Happy with Your Real Estate Agent



What happens if you aren’t happy with your real estate agent or broker? The answer might be in the listing agreement you signed. Other times, you may have to negotiate a change to or cancellation of the agreement. Know the Types of Real Estate Professionals First, some background. There are two types of licensed real […]

Important Changes to Your 2018 Commercial Real Estate Tax Strategy



As you would expect, the tax changes that took effect in 2018 are different for commercial real estate than for residential. Residential related changes were previously highlighted in the article “Have You Updated Your 2018 Tax Strategy?” Here, we take a look at significant changes that commercial investors need to be aware of with insight […]

Ten Seller Deliveries at a Commercial Real Estate Closing



When buying a house, the seller typically will sign a deed and hand over the keys. However, commercial real estate transactions are usually more complicated, and most sellers of commercial properties have more deliverables. Buyers who do not get these items from sellers at the closing may find themselves trying to track down the sellers’ […]