News & Articles

Pass on the Pass Throughs

Posted in: Articles | by Lynn Drake, ITRA / Compass Commercial, LLC

This tax season you want to evaluate the pass throughs or increases over a base year that your landlord charges you. More than likely you received a bill which shows the actual cost billed less any payments for these costs.

Real Estate Taxes and What They Mean to You as a Tenant

Posted in: Articles | by Bert Rosenblatt and Andrew Stein - ITRA / Vicus Partners, LLC

Did you know that the single largest expense to a landlord in running a commercial office building in Manhattan (outside of debt service) is real estate taxes? And did you know that 48.10% of New York City’s total tax revenue or 26.7% of its total 65.9 billion dollar budget is derived from real estate related taxes? Yes, that’s billion with a B. And in case we haven’t gotten your attention yet, did you know that in the last decade, real estate taxes have increased by 108%?

ITRA / The Stevens Group Represents Aras Corp. in 20,000 Sq Ft Lease

Posted in: Press Room | September 12th, 2011 / Boston, MA. USA

Aras Corp. will soon have a new headquarters, but relocating from its current space here at 300 Brickstone Square, will be as seamless for the burgeoning technology firm as one could imagine. After considering options throughout Interstate 495 North, Aras staff need only take the elevator two levels down from the ninth floor into nearly 20,000 sf that tenant representative Debra Stevens terms “as close to 100 percent plug and play as they come,” with the prior tenant spending heavily on fit-out and infrastructure prior to being lured into Boston. “It’s awesome,” says The Stevens Group principal who lists main […]

ITRA / Pollina Top 10 Pro-Business Study Depicts Surge of Influence in Western States with Decrease in South and Free Fall in North.

Posted in: Press Room | August 15th, 2011 / Chicago, IL. USA

“The West is America’s new heartland, and it is increasingly a dominant region of population growth and political influence,” says economist and corporate relocation expert Dr. Ronald R. Pollina in the just-released Pollina Corporate Top 10 Pro-Business States for 2011: The Rise of the West. In the annual study of job retention and creation by the 50 states and the federal government, Dr. Pollina, author of the recent book entitled Selling Out a Superpower, emphasizes that the “West is not only a leader in population growth but has also become the pro-business leader, thus showing the greatest potential for job […]

ITRA / The Stevens Group Assists Liquid Metal Battery Corp. in 10,000 Sq Ft Lease at Blackstone Square

Posted in: Press Room | August 12th, 2011 / Cambridge, MA. USA

Liquid Metal Battery Corp. has leased 10,000 Sf , signing a long-term lease at Blackstone Square, a four-building complex in the city’s CambridgePort district. ITRA/The Stevens Group provided tenant advisory services to LMBC in the transaction. Blackstone Square Founded in 2010 by MIT researchers Donald Sadoway, David Bradwell and Dr. Luis Ortiz, the energy sector firm gained quick notoriety thanks to a personal investment from Bill Gates. “They’ll be very happy there,” principal Debra Stevens portends of her client’s future home after conducting an extensive space search that began shortly after the firm was launched. “It was a challenge,” relays […]

Do You Speak Lease?

Posted in: Articles | by Lynn Drake, President, ITRA / Compass Commercial, LLC.

Some of us speak Greek, Spanish, French or Mandarin in addition to English. We think we can speak real estate, but you had better know someone who can speak fine print or your lease terms could get lost in translation.

Sloan Street Advisors / ITRA Represents Toole Design Group in Headquarters Lease

Posted in: Press Room | August 3rd, 2011 / Washington, DC. USA

Debra Stracke Anderson CCIM, SIOR, President of Sloan Street Advisors / ITRA, announced that the company represented Toole Design Group, a valued client of ITRA/The Stevens Group, Boston, MA, in leasing 7,918 square feet of office space located at The Plaza At Station Square, 8484 Georgia Avenue, Silver Spring, MD. The Plaza at Station Square is a 136,000 square foot Class A office building developed and owned by Moore & Associates, which also assembled the land that is now home to Discovery Communications’ 600,000-square-foot headquarters and Silver Spring’s Town Center, a vibrant retail and entertainment corridor. Ms. Anderson represented the […]

ITRA / Compass Commercial, LLC Represents Aqua Advantage in 2,434 Sq Ft Lease in Troy MI.

Posted in: Press Room | July 22nd, 2011 / Detroit, MI. USA

ITRA /Compass Commercial, LLC, a leading provider of tenant representation services throughout North America, is proud to announce it recently negotiated a lease renewal for 2,434 square feet of office space located at Troy, MI for Aqua Advantage. Lynn Drake, MCR, President of ITRA /Compass Commercial, LLC represented the tenant in this transaction. The savings between the rental reduction and free rent is in excess of $27,000 which is approximately a 30% reduction in rent. Additionally we have reduced Aqua’s risk by removing the relocation clause and having the landlord take over the responsibility for replacement of the HVAC unit. […]

ITRA / Compass Commercial LLC Represents the Leukemia and Lymphoma Society in a 7,523 Sq Ft Lease in Seattle, WA.

Posted in: Press Room | July 22nd, 2011 / Detroit, MI. USA

ITRA /Compass Commercial, LLC., a leading provider of tenant representation services throughout North America is proud to announce it recently negotiated a lease renewal for 7,523 square feet of office space located in Seattle, WA for The Leukemia & Lymphoma Society.  Lynn Drake, MCR, President of ITRA /Compass Commercial, LLC., represented the tenant in this transaction. Compass Commercial, LLC is an affiliate of ITRA Global, which, with representation in over 85 world markets, is the leader in exclusively representing corporate tenants and buyers of Commercial Real Estate worldwide. Further information is available on the company website at www.compass-commercial.com or by […]

ITRA / Compass Commercial LLC Represents the Leukemia and Lymphoma Society in a 4,598 Sq Ft Lease in Columbus, OH.

Posted in: Press Room | July 22nd, 2011 / Detroit, MI. USA

ITRA / Compass Commercial LLC, a leading provider of tenant representation services throughout North America is proud to announce it recently negotiated a lease renewal for 4,598 square feet of office space located in Columbus, Ohio for The Leukemia & Lymphoma Society. Lynn Drake, MCR, President of ITRA / Compass Commercial LLC represented the tenant in this transaction. The savings between the rental reduction and free rent is in excess of $100,000 which is approximately a 46% reduction in rent. Compass Commercial, LLC is an affiliate of ITRA Global, which, with representation in over 85 world markets, is the leader […]