I’m one of the lucky people. I can honestly say that I thoroughly enjoy my job. I have had, over the years, the opportunity to work with a variety of clients – large and small; industrial, flex, retail and office; technology, not-for-profits, yoga studios and law firms – you name it and it’s come through…
Most companies don’t realize that out of all operating expenses, real estate is the second-highest cost. Real estate tends to fall right behind human capital and is always a significant item on the balance sheet. Typically, companies don’t spend a lot of time evaluating their real estate. Nor do they necessarily understand the impact real…
GROWING YOUR COMPANY WITH 4 CRITICAL IDEAS (PART II) Last week, we discussed location requirements and questions when growing your company. Choosing a location is dependent on your company culture, who your employees are, in addition to who your clients are. It is also determined by where they live, and what they like to do….
Critical Ideas For Growing Your Company (Part I) Imagine with me for a moment… You’ve just started your own company. You have dreams of making the big time – hundreds of employees, unique office space, cool kids breaking down your door to work for you. In every way, it’s all about your growing company. Then…
Is it time for rightsizing? I’ve been thinking a lot about rightsizing lately. In just a few months, I will be turning (dare I say it out loud?) 57 years old. My children are grown and on their own. My husband and I both work full-time outside the home. In addition, my husband travels extensively…
My Landlord is the Best! My Landlord is the best! Your Landlord may be the best. Many great Landlords exist in each and every market. I especially like those Landlords that give the cool gifts to their tenants every December. However, does it help when you’re renewing your office lease? A good friend once showed…
How To Save Money On Office Space As the New Year begins, now is a great time to reduce your second highest operating expense. It’s important to evaluate the best way to save money on office space. The following three questions should help you assess your current situation: Office Size First, is your space the…
Lease Options Options in a lease are beneficial to either the Landlord or the Tenant. Landlords want to provide the Tenant with as few options as possible to securitize the lease as strongly as possible. Many Landlords use their rent roll to securitize a refinance or sale. For instance, if a tenant has an option…
Exis Partnership At Found Advisors, we like to think of ourselves as a team. We might be small in number, but we are a cohesive team that delivers exceptional service to each and every client. Being part of a team allows us to see different points of view, contribute to the best of our ability…
CRE Building Classification Standards When looking for new locations, tenants may come across buildings touted as “Class A”. Landlords also advertise properties as having “Class A finishes.” To an inexperienced buyer or renter, the meaning of this class distinction is a mystery. “Class A” sounds like a good grade. It’s better than a “Class D”…
The CRE Timeline It’s hard to imagine, but I keep our office CRE timeline handy on my desk at all times. And there’s a good reason why! I can’t begin to tell you the number of times someone has called our office with the conversation going like this: Me: Good afternoon! This is Dana. How…
Common Area Maintenance (CAM) in all its mystery. First, let’s start with trying to define the common area. What is Common Area Maintenance? Common Areas can be lobbies, hallways, elevators, bathrooms, sidewalks, parking lots, landscaping, rooftop decks, shared amenities, and so on. These areas within a building enhance the feel or usefulness of a space….