The shopping center property looks like a winner for any incoming tenant. Storefronts are full, foot traffic is promising and there are a couple of well-known anchor tenants that should bring in plenty of customers. But the American retail landscape is changing,...
Year: 2019
Negotiating construction as a commercial tenant
One of your criteria for a rental space here in Orange County may be that you can customize the space to fit your needs. More than likely, this will require some construction, and how this is addressed in your lease makes a difference. As a prospective commercial...
Can developers also act as contractors on their projects?
One thing that nearly everyone can agree on is that California is expensive, especially the real estate. Some developers may search for ways to keep costs under control without sacrificing the quality they envision. It may be worth exploring whether to act as both the...
Flexibility is key for retail rental space
Owning commercial real estate in the Orange County area can be profitable, but only if it attracts quality tenants. When it comes to renting retail space, this could present a challenge since it can be difficult to know what future tenants may want. Some want to build...
Is a commercial tenant looking for a turnkey rental?
Property owners here in Orange County and elsewhere who intend to rent out space in their buildings may think that leaving the space open for improvements would be the best option. While that may work for certain industries, when it comes to office space, that is not...
U.S. retailers are dropping like flies
Brick and mortar malls -the onetime lifeblood guiding the American consumer - where people went to shop, eat and socialize are in peril. Retailers are closing their doors at an alarming rate.As of June 14, 2019, U.S. retailers had closed 6,971 stores, while opening...
Thinking about a development on abandoned property?
It is no secret that land is at a premium here in California. For this reason, it may work to a developer's benefit to consider purchasing a piece of abandoned property that requires revitalization. Doing so could result in an ultimately profitable...
A landlord may need to give something to entice a tenant
Even when rental properties are at a premium in a certain locale such as Orange County, a prospective tenant may be willing to go elsewhere in order to find the right property with the right lease terms. This could be because a landlord failed to offer the...
Resolve disputes through ADR, whenever possible
Mediation and arbitration are tools often used to help resolve almost any kind of legal dispute or disagreement. This is often the first option for many people in a legal dispute because it usually will be solved more quickly and with less expense than taking a case...
When developers are told there is a “cloud on the title” to land
It can take some time for California entrepreneurs to become familiar with all the lingo associated with real estate. One of the phrases that developers do not want to hear, but need to understand, is if there is a "cloud on the title" to a piece of property they want...