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May 2020 Archives

Co-leasing clause worth considering for commercial lease

Many California shopping centers rely on the draw of their anchor tenants. As a result, many smaller businesses in shopping malls or centers may also rely on those tenants to obtain business due to the foot traffic generated by the bigger stores. Unfortunately, if an anchor tenant leaves a shopping center, the smaller stores could suffer. As a result, leasees may consider utilizing a co-leasing clause in their commercial lease.

Obtaining an estimate versus a bid for a construction development

Whether looking to build on or renovate a piece of Orange County property, it will most likely be necessary to hire a construction contractor. Depending on the size of the planned development, property owners and investors will want either an estimate or a bid for the project. What some newer developers may not realize is there is a difference between the two.

Getting your CC&R ducks in line

If you are a shopping center developer here in Orange County, one tool at your disposal for regulating usage of your available space are covenants, conditions and restrictions clauses, known collectively as "CC&Rs."

Finding rental space isn't always easy for a commercial tenant

Some would argue that this may not be the best time for a business to look for rental space anywhere in Orange County or elsewhere. However, with companies attempting to get back on their feet, it may be necessary for a potential commercial tenant to begin looking for the right location with the right price. With money undoubtedly tight right now, that could be a challenge.

Commercial real estate markets could see drastic changes

There is no denying that a lot of things have changed in a short amount of time for people here in California and around the world. The question then becomes how these changes will affect the future, and nearly every individual and every industry is asking that question right now. The fact is that many markets, including the commercial real estate market, will probably see some changes.