The traditional retail model has undergone massive changes in the last few years here in California and across the country. With more people shopping online, shopping malls and other retail stores are helping the commercial real estate market plateau. Developers could...
Month: April 2018
Empty bank branches present opportunities for developers
As mobile banking and automated teller machine use increase, diminished foot traffic in bank locations led to shuttered branches. Nine out of ten households now utilize online banking and four out of ten use mobile banking, eliminating the need to visit a branch for...
Liability insurance is essential for a commercial tenant
No matter how much planning you do, something could go wrong. For this reason, part of your business planning involves purchasing insurance policies to cover different eventualities that could occur during the course of your business. As a commercial tenant, your...
Insurance is an important component of any development project
Nearly every project, whether here in California or elsewhere, involves numerous moving parts. In order to protect yourself from any adverse events that could occur during a development project, you may want to consider several types of insurance. This may seem like...
That’s a fancy remodel, landlord
We've written about common area maintenance in the past. And for good reason. Vague line items like "administrative fees" can be thousands of dollars, sometimes hundreds of thousands or more. That's one reason you audit past CAM charges, especially where you've taken...
You make your bed with the letter of intent
"You made your bed. Now lie in it!" According to Psychology Today, there is no such thing. Lisa Ferentz writes that this common childhood message is an affront to your basic rights as a human being: "Those rights include re-evaluating your choices and decisions in...
The percentage rent commercial lease
As a landlord, you have numerous options regarding the types of leases you may offer tenants. If you offer retail space in a California shopping center, you may want to consider the percentage rent commercial lease. This type of lease may be more landlord friendly...