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October 2019 Archives

A commercial tenant doesn't have to renew under the same terms

Finding the right retail space here in Orange County can take a long time. Once a commercial tenant finds it, a lease is signed for a specified period of time after negotiating its terms. One of those terms may have been the option to renew.

How do developers choose a leasing firm for a project?

Finding the right tenants for a project is not always an easy task. For this reason, many Orange County developers choose to work with a leasing firm to help. Finding the right company could make the difference when it comes to signing up quality tenants both during and after the construction process.

Looking for retail space takes some consideration -- and math

Opening a traditional brick and mortar business anywhere, including here in Orange County, requires some consideration and math. The last thing a new retail business needs is to get the wrong size space, which could ultimately cut into any profits a company could make. Too large a space could cost more in rent while too small a space could prevent additional sales.

Developers may consider using mediation for real estate disputes

Not every project goes smoothly. Orange County developers could encounter obstacles to the completion of their projects due to some sort of dispute. While the knee jerk reaction may be to file a lawsuit, the situation may be better handled through the use of mediation.

Don't forget how a development can affect traffic in the area

Anyone who has lived here in Orange County for any length of time knows that the traffic can be heavy and chaotic. Bumper-to-bumper travel is more the norm than anyone would ever like to admit. When planning a new development in the area, how it will affect already congested traffic patterns is often one obstacle that requires addressing before moving forward.

The difference between a commercial and residential development

When Orange County entrepreneurs decide to get into real estate, they may find themselves deciding between residential and commercial property. Understanding the differences between the two could help make the decision. The disparities in how such a development would be handled could affect the bottom line for these entrepreneurs.