Commercial Tenants and Buyers sometimes grouse that their Real Estate Broker or Agent seems more interested in closing a lease or a purchase and collecting a commission check than in helping them to find the best space or building at the right price.
So, your landlord has contacted you about relocating your office, out of the blue. What should you do? I’m not going to mince words here: pull out of the lease right away.
In case you haven’t heard, there’s a tech revolution happening in New York. In the past two years, hundreds–if not thousands–of new tech companies have hatched in NYC. Many of them are growing rapidly and gobbling up office space—and they want that space to be cool.
“It’s deja vu all over again”! After a year of positive economic news, the first quarter of 2012 remains a mixed bag of economic news.
Talk To Any Child And You Find They Have a Perfect Dream for the Basement Train Set or the Equipment Needed to Have Their WII System Rock Out.
Being a woman owned company in CRE is rare, but it has its perks, according to Customized Real Estate Services CEO Connie Rankin.
In a word, yes. Why? Because Small Tenants are the lifeblood of Manhattan’s commercial real estate market.
New business people, infused with optimism, take delight in buying or leasing a business. They spend big dollars for awnings, neon signs and landscaping, not to mention signing a multiple-year lease. Some people invest their entire pension in a new enterprise with hope it will work.
A Sudordination and Non-Disturbance Agreement -SNDA- commonly called a “non-disturb”, is an agreement that your landlord asks its lender to provide. The agreement basically says that if the building goes bankrupt and the lender takes control of the building from the landlord, the lender will honor your lease.
We’re asked all the time: what is a “normal security deposit”? Unfortunately, the truth is… it depends. Let’s start with the basics: the security deposit is a reflection of and hedge against the landlord’s perceived financial risk.