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Episode 33: Fed Rate Cuts, Cap Rate Chaos, and Net Lease NightmaresKey Topics Covered:The Fed's Recent Rate Cut – We break down what the much-anticipated rate cut means for commercial real estate and why the excitement may be a little overblown. If you've secured fixed-rate financing recently, this news might not change much for you.Cap Rate Trends – With inventory levels in net lease markets skyrocketing, we explore how this supply surge is shifting investor behavior and driving up cap rates. Plus, we explain how market dynamics might lead to tougher decision-making for investors facing a glut of options.Net Lease Mistakes – From co-tenancy clauses to the dangers of relying on personal guarantees, we tackle the common (and costly!) errors that investors need to avoid in today's market. Learn why giving away control of your destiny can make deals unravel.Market Velocity – After a slow summer, deal-making is picking up. We discuss why commercial real estate transactions are starting to move again and the psychology behind it. Is FOMO driving buyers to jump in, or is it more about capital managers needing to deploy funds before the year ends?Fun Sidebar – Listen in as BJ and Isaiah debate the pros and cons of Apple Music vs. Spotify, share a laugh over car tech quirks, and celebrate how a little humor helps lighten heavy industry insights.Key Takeaways:The rate cut is old news—don't fall for the hype.Inventory overload in net lease is creating cautious (and choosy) investors.Co-tenancy clauses and personal guarantees can be sneaky pitfalls—know what you're signing.Market velocity is back, but is it for the right reasons?Mentioned in this Episode:July and August deal-making trendsInventory trends in net lease marketsCap rates: where they are and where they're headedPersonal guarantees and tenant financialsThe psychology of decision-making in an oversupplied market
In this pivotal episode of "Money Grows On Trees" titled "WARNING Listen To This Before Buying A Property Investment," host Lloyd Ross dives deep into the realities and intricacies of property investing. If you've ever considered diving into real estate as a means to wealth accumulation, this episode is a must-listen. Lloyd deconstructs the complex dynamics of property investments with precision, applying his extensive expertise in real estate law and development. From understanding the long-term financial commitments and risks to analyzing potential returns, Lloyd leaves no stone unturned. He breaks down real-life examples, explaining critical concepts such as financial leverage, negative gearing, and more. Whether you're a novice or seasoned investor, Lloyd's insights aim to empower you to make informed decisions that best suit your financial goals. Don't miss out on this eye-opening discussion – listen now and equip yourself with the knowledge you need to navigate the challenging waters of property investment.
In this podcast today, we share important facts about listing premises for leasing and how you can connect more effectively with landlords to get a better lease outcome. Understanding and adapting to real market conditions is a crucial skill for commercial real estate agents in leasing when working with landlords. By staying updated on the market, establishing credibility, setting realistic expectations, using strategic negotiation techniques, and utilizing technology, you can assist landlords in making well-informed decisions that result in successful lease agreements. It's important to remember that your role as an agent is not solely to facilitate leasing transactions but also to be a trusted advisor who helps landlords navigate the complexities of the market. By doing so, you can build lasting relationships and a reputation for delivering value in every transaction. Check out the full article here for printing and retention. https://commercial-realestate-training.com/commercial-leasing-agents-talk-frankly-with-your-landlord-clients/
We are taking a look at the Singapore office market. Is it looking jaded? Industry observers say there are signs that are starting to show up in deals, vacancies and future projections: and landlords are nervous about who their next tenants will be. So, where are things headed in the commercial leasing space? Ashley Swan, Executive Director, Commercial Leasing, Savills Singapore tells us more. See omnystudio.com/listener for privacy information.
With over 100k under management, it's an understatement that this week's guest knew what he was doing when he decided to leave the healthcare industry behind. After acquiring his Bachelors of Nursing and Doctor of Nursing Practice from the University of North Florida, Tim Horvath found out first hand how real healthcare burnout was and decided to take his part time real estate investing interest into a full time gig. Bold City Commercial and Property Management was born. These days Tim focuses mostly on managing retail and industrial, but you'll find his brokerage and PM team can handle it all. Tim talks about: The changes in commercial lending since 2013 The evolution of changing a business model Bold City Commercials organic growth in services The most important aspect of filling up your inventory And, locally: His favorite restaurant: The Butt Hut Smokehouse in Murray Hill His favorite place: the beach Tell us: what did you think of the new show format? If you enjoyed it, do you mind leaving us a rating and review in Apple Podcasts or telling a friend about the show? Our goal is to be an indispensable resource for commercial, industrial, office, and multifamily investors in greater Jacksonville, Florida. Connect with Tim: @boldcitycommercial on socials boldcitypm.com https://legacycollectivephl.com/ Connect with Ian: https://investwiththecoach.com/ @yieldcoach on socials Theme music provided by: The Firewater Tent Revival https://open.spotify.com/artist/7rRU3ACLdkUtvkZc3DGbUJ?si=cKiWTd2lQvKFkLiZxffgXA&nd=1&dlsi=ffb0de76e1874912 --- Send in a voice message: https://podcasters.spotify.com/pod/show/yieldcoach/message
Craig Patterson and Martin Moriarty, Senior Vice President at Marcus & Millichap, discuss the dynamic nature of Vancouver's retail market and growth. Moriarty sheds light on the transformation of key areas like the luxury zone along Alberni Street, the vibrancy of Robson Street, and the promising developments around Granville Street. He notes the arrival of high-profile brands like Balenciaga, signalling a robust and diverse retail environment. In their conversation, they touch upon the significant transformations in areas like Oakridge Park and West 4th Avenue in Kitsilano. Moriarty speaks about the comprehensive redevelopment of Oakridge Centre into a mixed-use space, highlighting the expected influx of luxury retailers and the positive impact on the city's retail landscape. The discussion also covers the evolution of West 4th into a hub for direct-to-consumer and outdoor brands, reflecting the street's unique identity and its appeal to a millennial demographic. Patterson and Moriarty then discuss the challenges and successes in revitalizing areas like Gastown, noting the recent upturn in retail activity and the potential pedestrianization of Water Street. Martin expresses optimism about the future of Vancouver's retail sectors, underlining the city's growing appeal on a global scale and its ability to attract diverse international retailers. The conversation concludes with a positive outlook on Vancouver's continued growth and its evolving role in the global retail marketplace.Interviewed this episode:Martin Moriarty, Senior Vice President at Marcus & MillichapMarcus & Millichap This podcast is the audio version of the The Interview Series video podcasts by Retail Insider Canada are available through our Retail Insider YouTube Channel where you can subscribe and be notified when new video episodes are available. Subscribe, Rate, and Review our Retail Insider Podcast! Follow Craig:LinkedIn: www.linkedin.com/in/CraigPattersonTorontoInstagram: @craig_patterson_torontoTwitter: @RI_EICFollow Retail Insider:LinkedIn: www.linkedin.com/company/Retail-InsiderFacebook: https://www.facebook.com/RetailInsider/Twitter: @RetailInsider_Instagram: @Retail_Insider_CanadaListen & Subscribe:Apple PodcastsSpotifyOvercastStitcherShare your thoughts!Drop us a line at Craig@Retail-Insider.com. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show!Background Music Credit: Hard Boiled Kevin MacLeod (incompetech.com). Licensed under Creative Commons: By Attribution 3.0 License. http://creativecommons.org/licenses/by/3.0/
Craig and Kyle Tomlin, Director of Events in Canada for ICSC, discuss the highly anticipated ICSC@CANADA 2023 Conference, set to take place from October 2nd to 4th at the Metro Toronto Convention Centre North Hall in downtown Toronto. This event serves as a pivotal moment for the Canadian retail and commercial leasing industry, attracting attendees from both Canada and the United States. One of the standout features of the conference is its vibrant show floor, which has evolved over the years. In addition to traditional elements like the food hall, the event now boasts a show floor theater where essential industry sessions will be held. Attendees can also enjoy the ICSC refreshment lounge, generously sponsored by Starbucks, for networking and grabbing a coffee. The conference agenda places a strong emphasis on technology's role in retail, with sessions covering augmented reality, artificial intelligence, and more. While deal-making is a significant aspect of ICSC Canada, the event also offers invaluable educational content, making it a must-attend for industry professionals looking to stay informed and network with key players. Interviewed this episode:Kyle Tomlin, Director of Events - ICSC CanadaICSC Canada Subscribe, Rate, and Review our Retail Insider Podcast!Follow Craig:LinkedIn: www.linkedin.com/in/CraigPattersonTorontoInstagram: @craig_patterson_torontoTwitter: @RI_EICFollow Retail Insider:LinkedIn: www.linkedin.com/company/Retail-InsiderFacebook: https://www.facebook.com/RetailInsider/Twitter: @RetailInsider_Instagram: @Retail_Insider_CanadaListen & Subscribe:Apple PodcastsSpotifyOvercastStitcherShare your thoughts!Drop us a line at Craig@Retail-Insider.com. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show!Background Music Credit: Hard Boiled Kevin MacLeod (incompetech.com). Licensed under Creative Commons: By Attribution 3.0 License. http://creativecommons.org/licenses/by/3.0/
The commercial real estate scene in the High Country remains active despite a decrease in overall sales activity. As usual, Boone has no shortage of projects and spaces under development. On this week's Mind Your Business, we talk about the current landscape of commercial real estate in the High Country with James Milner of Appalachian Commercial Real Estate. We'll get an update on current projects, sales and leasing activity, and the role real estate plays into the broader economic development picture. Mind your Business is produced weekly by the Boone Area Chamber of Commerce. This podcast is made possible each week by Appalachian Commercial Real Estate and sponsored in part by Appalachian Regional Healthcare System.Support the show
EP. 987 RESI AND COMMERCIAL LEASING BONDS... USEFUL OR USELESS?
In today's Hot Spotting Real Estate Podcast we'll be chatting with Blake Kaplan.Blake Kaplan is the Executive Vice President of JONES LANG LASALLE IP, INC.Topics DiscussedMike and Blake talk about how Blake got his foot into the industry, with a twist on how it ultimately started.Blake dives into his thought process on his self branding in the real estate industry.Blake gives reflection and advice on how he grew in the industry and developed the relationships that excelled his career.Make and Blake point out some struggles with developers and things that developers can improve on with the commercial side of the real estate industry.Blake shares a few amazing concepts that are currently on his roster and how he assisted in the development process. "Alessandra Wants to Know" segment of the show*How to contact our guests*Blake Kaplan – blake.kaplan@jll.comBlake Kaplan's LinkedIn ProfileJLL WebsiteRepresentative clients -Developers/Owners Balboa Retail Partners CIM Clarion Partners Covenant Real Estate Group GPI Companies Shapell Properties Shea PropertiesTenantsTarget Living Spaces Café Rio Cava Grill Dave's Hot Chicken Pie Hole Randy's Donuts Roll Em Up Taquitos For poor quality zoom recording Add: *Disclaimer, due to COVID-19 this recording was done remotely via Zoom. Audio may have some slight static, but the content is great quality. Enjoy!
This week we welcomed James Collins to the podcast. He shares negotiation tips for tenants who are leasing commercial space.James shares how COVID pivoted the industry and how commercial leasing faired.https://cwatlantic.com/team/james-collins/
When you work as a leasing agent in commercial real estate, your workflow should centre around landlords and tenants at all times. So who are your targeted people in those groups? Check out this podcast today and learn how to improve your workflow on the key things that matter when you provide specialist leasing services to those special groups. Here is an article to read and print about optimizing leasing services for the clients that you serve today. https://commercial-realestate-training.com/a-tenant-mix-formula-to-improve-your-leasing-services/
About Ron Feldman and World Business Services: Ron Feldman, founder and President of World Business Services, Inc. has been recognized by Who's Who In Lodging and Who's Who In California. He has taught Business Services Marketing at two Universities. Founder (not Flounder) Of World Business Services, Inc.(1994).Providing One-Of-A-Kind b2b General Ledger Cost Reduction Programs. Endorsed By The Largest Retail Technology Buying Consortium In The United States (don't vomit). Prior Vocational Incarnations Include Taking Hospitality Industry Marketing Company From The Cradle To The Grave. Accomplished Technologist Involved In Internet Adventures Since 1984. Fluent In Ethical And Friendly Business Relationships. Owner Of Numerous Brandable Premium Domain Names, Including WorldBusiness.com. Always Open To Collaborating With Passionate Innovators Who Believe That The Internet Can Be More Than Search Engines And Social Media Portals. Specialties: Multi-Dimensional Thought Pollution. Identifying And Procurement Of Brandable Premium Domain Names To Partner/Develop/License Them Into Niche-Relevant Content Internet Portals. Creator Of New Media Content Medium. Former Adjunct University Professor Teaching Business Services Marketing At The Undergraduate And MBA Levels. World Business Services, Inc. has delivered millions of dollars in cost savings to businesses and organizations throughout the United States and Internationally without any direct capital expenditures since 1994. We have over forty (40) one-of-a-kind general ledger cost reduction programs that allow us to do business with any size company or organization of any size in any vocation in areas of expense such as Utilities, Telecommunications, Processing, Commercial Leasing and Shipping. To bring new ways for businesses and organizations to identify cost savings without any direct out-of-pocket expenditure or debt service financing.We welcome the opportunity of establishing relationships with professional business people and organizations who have well established networks that they believe have a need for our vendor services that we market. Additionally, we are always on the lookout to market new viable products and services to our existing client base.
Outsourcing podcast Get the full show notes for this outsourcing podcast here: outsourceaccelerator.com/391 Santos Knight Frank Derek Gallimore talks with Morgan McGilvray, Head of Commercial Leasing at Santos Knight Frank. They help businesses of all sizes and sectors look for an office suitable for their operations in the Philippines. Morgan has been a guest in previous episodes of the podcast. In this episode, Derek and Morgan will discuss the updates on the property market in the Philippines and how the BPO industry has changed the landscape in the office spaces in Manila and the Philippines. References: LinkedIn: Morgan Mcgilvray Outsource Accelerator Start Outsourcing Outsource Accelerator can help you transform your business with outsourcing. Get in touch now, or use one of the resources below. Business Process Outsourcing Get a Free Quote - Connect with 3 verified outsourcing experts & see how outsourcing can transform your business Book a Discovery Call - See how Outsource Accelerator can help you enhance your company's innovation and growth with outsourcing The Top 40 BPOs - We have compiled this review of the most notable 40 Business Process Outsourcing companies in the Philippines Outsourcing Calculator - This tool provides you with invaluable insight into the potential savings outsourcing can do for your business Outsourcing Salary Guide - Access the comprehensive guide to payroll salary compensation, benefits, and allowances in the Philippines Outsourcing Accelerator Podcast - Subscribe and listen to the world's leading outsourcing podcast, hosted by Derek Gallimore Payoneer - The leading global B2B payment solution for the outsourcing industry About Outsource Accelerator Outsource Accelerator is the world's leading outsourcing marketplace and advisory. We offer the full spectrum of services, from light advisory and vendor brokerage, though to full implementation and fully-managed solutions. We service companies of all sectors, and all sizes, spanning all departmental verticals. Outsource Accelerator's unique approach to outsourcing enables our clients to build the best teams, access the most flexible solutions, and generate the best results possible. Our unrivaled sector knowledge and market reach mean that you get the best terms and results possible, at the best ALL-IN market-leading price - guaranteed.
Real Estate expert Sally Zesut, Vice President of Avison Young, talks with the Bs about top considerations when leasing commercial real estate.
Commercial leasing transactions have many parts, but one of the most harrowing for any broker is managing the process of negotiation and contract review. In this report, we discuss the most critical challenges leasing brokers facing during their transactions, and share the tips and strategies of half a dozen top-performing leasing brokers from all over America. We'll explore: -Managing document review and redlining -Guiding the transaction as lawyers become involved -Providing a high level of service to clients and partners regardless of their sophistication level -Balancing transaction work with business development -And more!
Outsourcing podcast Get the full show notes for this outsourcing podcast here: outsourceaccelerator.com/361 Santos Knight Frank Derek Gallimore talks with Morgan McGilvray, Head of Commercial Leasing at Santos Knight Frank. They help businesses of all sizes and sectors look for an office suitable for their operations in the Philippines. Morgan has been a guest in previous episodes of the podcast. Fast forward to 18 months of COVID, the property market in the Philippines is still optimistic of an increase in demand in the future. In this episode, Derek and Morgan will discuss the effect of remote work in BPOs and the sudden decline of POGOs to office leasing in the country. References: Santos Knight Frank Linkedin: Morgan McGilvray Outsource Accelerator Start Outsourcing Outsource Accelerator can help you transform your business with outsourcing. Get in touch now, or use one of the resources below. Business Process Outsourcing Get a Free Quote - Connect with 3 verified outsourcing experts & see how outsourcing can transform your business Book a Discovery Call - See how Outsource Accelerator can help you enhance your company's innovation and growth with outsourcing The Top 40 BPOs - We have compiled this review of the most notable 40 Business Process Outsourcing companies in the Philippines Outsourcing Calculator - This tool provides you with invaluable insight into the potential savings outsourcing can do for your business Outsourcing Salary Guide - Access the comprehensive guide to payroll salary compensation, benefits, and allowances in the Philippines Outsourcing Accelerator Podcast - Subscribe and listen to the world's leading outsourcing podcast, hosted by Derek Gallimore Payoneer - The leading global B2B payment solution for the outsourcing industry About Outsource Accelerator Outsource Accelerator is the world's leading outsourcing marketplace and advisory. We offer the full spectrum of services, from light advisory and vendor brokerage, though to full implementation and fully-managed solutions. We service companies of all sectors, and all sizes, spanning all departmental verticals. Outsource Accelerator's unique approach to outsourcing enables our clients to build the best teams, access most flexible solutions, and generate the best results possible. Our unrivaled sector knowledge and market reach means that you get the best terms and results possible, at the best ALL-IN market-leading price - guaranteed.
On this podcast Julie Appleton and Tom McGovern from Realogy Holdings join us to discuss commercial real estate leasing, and how the both the process and physical leases have morphed due to pandemic pressures.
Following one of the most-downloaded episodes of last year, Kernel Property returns to the show to discuss the state of affairs in commercial leasing for legal practices across the country. On this episode of The Lawyers Weekly Show, host Jerome Doraisamy is joined by Kernel Property directors Holly Bailey and Giles Knapman to discuss how law firms of all stripes have fared in the 12 months since the onset of coronavirus, the volume of commercial space that is currently available for lease across the country, and the types of agreements that firms are, or should be looking to, enter into. The trio also talk about the factors to consider in securing favourable terms for a lease in the looming new normal as well as flexible options to explore, issues surrounding the fit-out of offices against the backdrop of more scattered workforces, and predictions for commercial leasing in the future. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!
Troutman Pepper is producing a series of podcasts to discuss legal and business issues companies are confronting in light of the COVID-19 pandemic. In this episode, Troutman Pepper business litigation partners Brian Watt and Justin Weber discuss litigation trends regarding commercial leases arising out of the COVID-19 pandemic. This episode is moderated by Troutman Pepper real estate partner Gary Knopf. Brian and Justin address recent and evolving developments in commercial lease litigation including: • The application and interpretation of force majeure clauses • The application of the common law doctrine of frustration of purpose • Case law interpretation of lease provisions • Unexpected real estate litigation issues arising as a result of the pandemic.
Small businesses have been under a lot of pressure this year and one topic that has come up a lot with my clients is the area of commercial leasing. In this episode, I discuss the key things to be aware of before entering into a commercial lease. This will be particularly helpful for small business owners who haven't entered into a commercial lease before.I discuss the importance of obtaining and reading both the Disclosure Statement and the Lease Agreement, which are the two key documents when entering into a commercial lease. I go through the vital components you need to understand including the terms of the lease, the rent payable, the security options, your obligation to make good and the importance of being clear on your exit strategy.As always, surrounding yourself with the right advisers to give you proper legal advice will put you in the best position moving forward. When you do this, you can rest assured you will enter into a lease agreement on terms that are fair, lawful and beneficial to your business.Website:tmsolicitor.com.auInstagram:https://www.instagram.com/tmsolicitor/Facebook:https://www.facebook.com/traceymylecharanesolicitor
In the midst of the COVID-19 pandemic, landlords and tenants alike are looking for guidance on their commercial leases. On this episode of CalCurrent, guest host and real estate partner, Jon Frank, gives an overview on state and local ordinances, force majeure clauses and liability responsibility in relation to California commercial leases.
Real Estate REality Check | Real Estate & Business Career Success Education and Training
Today we are fortunate enough to have with us on Real Estate REality Check someone who has personified my Albert Einstein (“Try not to be a man [or woman] of success, rather be a man [or woman] of value”), Snoop Dogg (“Master your craft”), Drake (“Started From the Bottom”) and Beastie Boys (“Skills to Pay the Bills”) mantras, yes my real estate brethren, Alyssa Zahler. Alyssa, who over her career has built a foundation of knowledge, experiences and relationships working in production on programs and for media companies such as Hardball with Chris Matthews, the Beijing Olympics, CNN, and Bloomberg LP, parlayed those experiences by joining Newmark’s commercial leasing department. Once there, she played an integral role in growing the development portfolios of a number of landlords, while simultaneously representing high growth companies in the media and technology spaces. In early 2020, Alyssa parlayed her skillset to become the Director of Commercial Leasing for Brooklyn based and family owned Two Trees Management, owners of a $4 billion real estate portfolio containing among other properties, 3MM square feet of office, retail and industrial product.
Troutman Pepper is producing a series of podcasts on legal and business issues faced by companies during the COVID-19 pandemic. This episode features Troutman Pepper Real Estate Partners Monique Lashbrook (moderator), Gary Knopf, and Hannah Dowd McPhelin, who discuss commercial leasing trends on terminating and renegotiating commercial leases during COVID-19. Specific topics include: • Terminating and renegotiating lease trends, including amendments to delay commencement dates, deferred rent, and rent abatement. • Considerations when negotiating new leases. • Force majeure clauses during a pandemic. • Current changes in operating expenses due to COVID-19.
David Liebman has been in and around commercial real estate for nearly 30 years. He's the Managing Broker of Merit Partners LLP, and a licensed commercial broker who carries the prestigious SIOR designation. He specializes in buyer and tenant representation, site acquisition, leasing, purchases and build-to-suits of industrial and office buildings and land. Listen in as he joins The Savvy Entrepreneur Radio Show to share his top commercial leasing tips. He also shares insights about how the covid-19 pandemic has changed commercial leasing, and what future changes are still likely to come. Click on the arrow to hear some great tips to save you money and headaches before leasing your next office, warehouse, or manufacturing space! David also mentions in the podcast two helpful resources, including a recent blog post with tips for commercial leasing in the pandemic, as well as a CBRE study with powerful recommendations for designing the office of the future. Enjoy!
Lawgitimate hosted by Mike and Rochelle Poulton discussed “Commercial Leasing” with Jason Malcolm and Jeffrey Garza Walker, tenant advisors at Cresa. This was a great conversation about the details of leasing commercial real estate. Lawgitimate covered what to expect, what to avoid, and everything in between. If you are a first-time commercial tenant or a seasoned pro, there is something to learn in this episode. Leasing Commercial Real Estate is a big deal! Those lease agreements are lengthy and complicated. In this episode, we covered the importance of having the right team on your side. They can help you avoid traps and make advantageous arrangements. Bonus, it was a lot of fun.
Commercial Leasing E23 Lawgitimate hosted by Mike and Rochelle Poulton discussed “Commercial Real Estate” with Jason Malcolm and Jeffrey Garza Walker, tenant advisors at Cresa. This was a great conversation about the details of commercial leasing. Lawgitimate covered what to expect, what to avoid, and everything in between. If you are a first time commercial […] The post Commercial Leasing E23 appeared first on Business RadioX ®.
The connections that you make in the commercial real estate market will help you build levels of trust with landlords and tenants. In this podcast today, John Highman shares ideas about the ways in which you can set your marketing process around facts and opportunities. (Note: If you want more commercial real estate leasing tips, you can get them here for free in our brokerage resource emails. join up.)
Small Biz Matters – Providing the small business community with educational content and advocacy since 2014with Alexi Boyd, broadcaster, advocate and small business owner.Date: 4 August 2020 When the chips are down you need a peak body on your side. And boy are the chips down right now. Right now small, medium and even large retailers are losing income and purging employees to the point of no return. And their biggest overhead? Commercial Rent. And suddenly, the Code of conduct is everyone’s business. What are the Small business owner’s rights and the landlord’s responsibilities? What is mandated and what is inferred? Which level of government administers and is policing the protections? And importantly; who can you turn to for help? Right now the National Retail Association is flooded with queries about what has been mandated. Kyle Swain is the Leasing Advisor to the National Retailers Association and has been in the room supporting and negotiating for you and your business so we’ve brought him on Small Biz Matters to help you understand the changes. Topics we’ll be covering: Background - The creation of the National Cabinet Code of Conduct and the SME Commercial Leasing Principals How did the code of conduct come about and who did the National Cabinet consult when it was created? What is it’s intent? Administration committee (a group of advisors in this case made up of 4 peak bodies) gave info to National Cabinet. National Retail Association’s advisor contributed to the guiding principles for the agreement to protect the tenants Then the States give effect to the code through legislation. So some states were quick to act and others slow to implement the desperately needed change. It is a mandatory National Code of conduct but many landlords wouldn’t act until the legislation actually assented in each state. So how does this work for business owners who have multiple locations across multiple states? What’s the main difference between the states? Confusion around the different data required by landlords in each state Now: what’s the current impact on small business? You mentioned you’ve had a big increase in businesses seeking information about the Code of Conduct to achieve rent relief and understand what their requirements are. There is a lot of grey area and it’s very open to interpretation. It’s not robust enough. How tough is it out there? It’s not just the Mum & Dad small-scale operators; the participants are across the board in terms of size How important is this code of conduct to keeping businesses alive? What about the big boys: Westfield etc. What’s your report card on them? It’s the landlords who have, over a number of years, pushed “market rents” to a level that is unsustainable for SME’s and resulted in such a large percentage of tenants and occupiers of real estate, whether it’s a retail premises, a commercial office space or a warehouse, who don’t have 3-6 months of cashflow in the business to survive a sustained downturn such as a pandemic. For many, particularly in retail, even 1 month of having to close the business and receiving no revenue, even if 50% of the rent is waived, will result in financial failure,... and we’re seeing that in small numbers already, and expect to see it in huge numbers after JobKeeper ends. So my report card on landlords generally is that the bigger ones are certainly fulfilling their minimum obligations under the Code, but not really doing enough to fulfil the ‘intent’ of the code and I fear they will suffer the impact of that for the next 3 or 4 financial years rather than having 1 bad year. The future: The continuing negotiation process between peak bodies & government across different scenarios The ‘reasonable recovery period’ - why is it important to understand what the definition of this period is? Returning to the two versions of “normal” - with or without the vaccine How dependent is the industry on Jobkeeper and why is it important to remember the impact it’s removal will have? With Jobkeeper now extended, will the Code of Conduct also be extended? And do we know what’s going to happen after this Code of Conduct period ends? How can small businesses improve the negotiation process? Where can those affected small businesses go for help? Peak bodies Webinars and understanding the legislation Know your rights, know where to go for help, educate to understand your requirements. Peak bodies can also support in the mediation process on the side of the small business Small business commissioners at state level & ASBFEO To find out more : The National Cabinet Mandatory Code of Conduct - SME Commercial Leasing Pricipals - https://www.pm.gov.au/sites/default/files/files/national-cabinet-mandatory-code-ofconduct-sme-commercial-leasing-principles.pdf About our Guest: Kyle is the Retail Director for LPC Cresa who were founded in 1993 and are now one of Australia and New Zealand’s’ leading, independent, tenant-only leasing and property advisory businesses, and part of the global Cresa group. Lpc Cresa advises office, retail and industrial tenants exclusively across every stage of the property lifecycle and seek to level the playing field when negotiating with landlords and developers to ensure tenants achieve the best possible outcomes. Lpc Cresa has built a reputation as the preferred problem solver among occupiers of real estate through their unwavering commitment to providing tenants with professional, high quality and independent property advice. As the Retail Director, Kyle is passionate about helping retailers improve their bottom line through strategically aligned property outcomes and has particular expertise in optimising lease portfolios. Kyle has post graduate degrees in both Property Economics and Business Administration and a solid background in retail management having worked for major Australian retail brands including Coles Myer Group before entering the property industry. Kyle has been the Leasing and Tenancy Advisor to the National Retail Association since 2017, providing advice and representation to Australia’s most representative retail industry association with more than 24000 shopfronts nationwide, positioning Kyle as leader in tenant-side retail leasing, tenant representation and retail advisory services. In his spare time, Kyle is a Childhood Cancer Awareness advocate and avid cyclist, riding 250-300km per week before most of us even get out of bed.
Lee Fjord is a consummate Real Estate Professional with over 8 years of experience in various aspects of real estate operations and brokerage including Property Management, Residential Sales, Commercial Leasing, Construction Management, Commercial Brokerage (Marcus & Millichap Broker current position), and Asset Management. Starting in 2012 by taking over a management portfolio of 20 properties and growing that to over 220 properties under management in 4 years while simultaneously selling over $5,000,000/yr in investment real estate. Relocated to St. Louis in 2016 to pursue investments in a larger market with huge opportunity, Lee started with a duplex and accumulated 9 doors in 18 months until finding a partner (Ex-NFL Player) with similar goals of reaching Financial Freedom and with combining their efforts, could take down much larger and more scalable multifamily properties and then closing on a 38 Unit Value-Add apartment complex in St. Louis in October of 2019. Lee’s MISSION is to provide CLEAN, SAFE, MODERN & AFFORDABLE HOUSING to over 1,000 families and attaining an above average Return On Investment for his partners and investors. Lee is an avid hiker, paddle boarder, and world traveler (25 countries and counting) and has a focus on reforestation of our National Parks effected by forest fires through a partnership with One Tree Planted with the goal of donating 1% of distributable proceeds to OTP and planting 1,000,000 trees in 10 years. Connect with Lee: LinkedIn Facebook Instagram lee.fjord@gmail.com Book Links: Wheelbarrow Profits Deep Work To Learn More About The Basics Of Multifamily Investing: The Gateway To Multifamily
In this episode we will talk about working with a commercial leasing broker, leasing retail space, office space, even warehouses. The commissions are high and the rewards are huge.
Given the unprecedented nature of the current crisis, including force majeure clauses to cover a global pandemic in commercial lease contracts was not widely considered until very recently, leaving many legal practices with large, empty offices and continuing rental obligations. In this episode of The Lawyers Weekly Show, host Jerome Doraisamy is joined by Kai Schindlmayr and Holly Bailey from Kernel Property to discuss the key issues they are witnessing in the market right now as well as their insights into which types of firms are suffering the most, the strategies that law firms could implement to leverage available opportunities, and how commercial lease contracts can be adapted to be more flexible into the future. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!
This discussion provides insight into the types of issues and questions leasing attorneys have been dealing with during the COVID-19 pandemic, and also how commercial landlords and tenants are preparing for re-occupancy and looking ahead in a post-COVID world. (June 22, 2020) Questions? Inquiries about program materials? Contact Alan Johnson at ajohnson@bostonbar.org
In today's property market, leasing is a valuable service to offer tenants and landlords as things change. Vacancies need resolve and business owners want to shift or lessen occupancy costs. In today's podcast we help you understand just how you can improve your leasing services and become a market leader. Note you can get plenty more leasing tips at our website right here http://commercial-realestate-training.com
During the COVID-19 crisis, Blaneys is continuing its Podcast remotely, with a series of new Podcasts tackling the many challenging legal issues raised by the pandemic and the measures being taken to combat it. In this Podcast, our commercial leasing expert, Dennis Tobin, discusses the many legal and practical challenges facing both commercial landlords and tenants, but also how these parties are starting to cooperate to preserve their businesses without strictly relying on written contractual obligations of the lease.
You may think you're ready to begin your journey at being your own boss and start a business, but maybe you weren't expecting all of the logistics that came with it. Find out that it's more than just picking a location and putting up your "Open for Business" sign and buckle up with Scott McMurrian from Bottom Line Realty as he guides us through the decisions you should make about the price of your lease, the size, the purpose of your office foundation and whether to build from a shell or find an already furnished office space. Where do you see your business growing?
Mike Rabinowitz works in Commercial Real Estate, as a Tenant Broker, for Tactix. Tactix is a licensed commercial real estate brokerage firm committed exclusively to representing tenants and other end users of real estate. Tactix does not represent any landlords or real estate developers. Their sole objective is to help companies reduce their real estate occupancy costs by fiercely advocating for their interests at the negotiating table, maximizing competition for their requirements in the marketplace and creating a transparent procurement process so they can ultimately make an informed decision.Tactix clients include tenants of all sizes, both public and private, ranging from large, established Fortune 500 companies to small entrepreneurial firms, law, accounting and other professional service firms, universities, healthcare systems and other institutions and nonprofits.If your business is looking for a Tenant representative that pledges:To provide you, the client, with outstanding real estate advice… to put your interests ahead of Tactix’ own… to make the full resources of their entire firm available to you… to advocate tenaciously and unflaggingly on your behalf, until Tactix has delivered to you the best possible real estate outcome for your business. Then visitwww.Tactix.com to learn more.On today’s episode we will:• Get to know Mike and hear more about Tactix, and how they are disrupting the commercial real estate market• Discuss commercial leasing and how you can ensure that you are protected when entering into a commercial lease• Then we will discuss best practices for negotiating a commercial lease for your business• Stay tuned all the way to the end of this episode, where I am sure that Mike will share some horror stories with us• Mike’s involvement in a new startup called GiveadelphiaOn this episode of the Self Made Strategies Podcast, you will learn about: • The mistakes that organizations commit in commercial leasing deals, • Why commercial tenants consider using a broker like Tactix (even if you are just renewing your lease) • Why it is difficult for commercial tenants to find appropriate representation (and why there is no adequate representation for commercial tenants unless you hire a tenant broker)• How much will hiring a tenant broker cost, and if that will that add any costs to a lease (HINT: It may not cost the tenant any additional money)• How to create real leverage in a commercial lease negotiation and why bluffing does not generally work• The best practices for negotiating a commercial lease• The key provisions tenants need to be careful about in a commercial lease• The pitfalls present in commercial leasing that tenants should be aware of• The best ways to combat anchored landlord expectations based on Market “comparables,” which may present hurdles • How you can avoid establishing a floor for your rental rate• Why you need to start thinking about lease renewals, far in advance• Here about Giveadelhpia (www.giveadelphia.com)• Here about the Love Back Ball at Stotesbury Mansion (coming up February 8, 2020)• And so much more!You can contact Mike Rabinowitz at mrabinowitz@tactix.com, or get more information about Giveadelphia by emailing info@giveadelphia.com.After you’ve listened to the episode, go to www.SelfMadeStrategies.com for more information about our show, exclusive content and to contact the Self Made Strategies show hosts. Make sure you subscribe to the Self Made Strategies Podcast on your favorite podcasting platform. You can find us on: Apple Podcasts, Google Podcasts, iHeartRadio, and Spreaker.You can also connect with us on: • https://www.facebook.com/selfmadestrategies/ •• https://twitter.com/SelfMadeStratGs •• https://www.instagram.com/selfmadestrategies/ •• https://www.linkedin.com/company/self-made-strategies/ •
Out with the old (traditional food courts) and in with the new (food halls). This innovative approach to dining and shopping is on the rise and poses a new opportunity for property owners.
Lawyers Lisa Borsook and David Thompson talk Prop Tech. In 2018, we saw an explosion of property technology. Find out what is driving this movement, from AI, to automated valuation models, to the "internet of things" and much more.
Commercial real estate leasing can be a very lucrative part of brokerage activity today. There are plenty of landlords and tenants to work within most towns or cities. Business and businesses are changing, they are looking for places to relocate into and expand or contract as the case may be. You have the expertise available to work with rentals, lease documentation, and occupancy needs. You can put the full equation together when it comes to starting a new occupancy for a business in your location. You can help tenants and business owners with leasing decisions. Where do you start? You can work with plenty of landlords and tenants in your location to help them with their leasing and relocation decisions. Take on the leasing business as part of your brokerage activities regularly in your town or city.
Are you a business owner looking to open your first or next location? Do you need to right size your locations? How do you know if you need legal support in the negotiation of a Commercial Lease? Committing serious financial resources to a lease and staking the health of your business and income on a stack of papers can easily be oversimplified. In landlord friendly environments, what can Commercial Tenants do to ensure they are adequately protecting their interests? Jessen Gregory, of Ruddy Gregory dives into the world of Commercial Leases with us and shares some eye opening stories of what can happen when you don't approach with care,
Hoy conversamos con Andres Nava, VP de Commercial Leasing en Metro 1. Andres ha liderado mas de $100 millones en transacciones de venta y arrendamientos de real estate comercial en el area de Miami, y en este episodio comparte con nosotros las claves para identificar las proximas zonas "calientes" en un mercado. Tambien conversamos acerca del valor que tiene para un inversionista, el asesorarse con expertos que se dediquen a trabajar nichos o vecindarios especificos del mercado. Para contactar a Andres y conocer un poco mas de Metro 1 Commercial puedes ir a su pagina web: https://www.metro1.com/our-team-residential-real-estate-miami/#commercial Tambien puedes seguir a Andres en sus cuentas de IG: @Metro1 y @AndresNavaCRE Siguenos en nuestras redes sociales para mantenerte al dia con nuestros nuevos episodios! IG: @sehablarealestate FB: facebook.com/sehablarealestate www.sehablarealestate.co
We cover everything you need to know about the Commercial Leasing and Commercial Rebate Programs with American Standard and Trane as we welcome S. G. Torrice Territory Manager Jon Corson and Inside Sales Associate Michael Donaghey Jr. to "Torrice Talk".
The Urban Redevelopment Authority has been encouraging local communities and businesses to play their part in making local places and precincts more vibrant. Valerie Wong, General Manager (Commercial) at GuocoLand Singapore shares more about the future of commercial leasing.
A show where continuing legal education is delivered through conversations about law and business. This episode our host Gavin will be interviewing Gideon Dionne on the various aspects of advising tenants during the commercial leasing process. Gideon is corporate transactions and commercial leasing attorney, with more than a decade of experience advising on commercial leasing transactions on both the landlord and tenant side. --- Support this podcast: https://anchor.fm/yourfieldguide/support
East Nashville's top commercial broker, Tyler Cauble is more than just an agent who opens the garage door for that next gas station remodel to hip new cafe. He operates a boutique AirBNB property management companies, boasts the largest commercial real estate Instagram accounts in Nashville, and is a best-selling author. The guy has literally written the book on leasing commercial property! This episode will get you on the path to understanding what makes commercial different from residential in real estate and will help you reevaluate if your personal home is an asset or a liability.
Hi, it's Rick Nuske, and welcome to The My Future Business Show! Today's call focuses on Commercial Leasing - and if there's one thing for sure and certain about commercial leasing, organising a commercial lease for your business, is complicated. Commercial leasing is a specialised area, requiring a great deal of up-to-date knowledge and experience. However, so many business owners still try to do it on their own! With that in mind, I'd like to introduce my special guest, CRAIG MELBY, to the show!... With more than 35 years experience in the field, and with a global reach, Craig's business, LeaseSmart.Com are there to make the whole commercial lease negotiation process easy. Craig has been negotiating commercial real estate leases and purchases since 1980. He founded LeaseSmart after hearing from too many business owners who contacted him AFTER they negotiated their deal-terms, and then asked him to look over the lease before signing it. Anyways, things should have been done much better. So finally, after experiencing the same situation again and again, Craig formed Lease Smart to assist those business people in need. Amongst many things discussed during the call, Craig and I touch on the critical importance of having a conversation with the right people, at the right time i.e. before negotiating a commercial lease. So, if you're looking to secure a commercial lease for your business, make sure to touch base with Craig. To educate yourself about commercial leasing, touch base with Craig 800-640-9141 [or] online at: https://leasesmart.com/ CONTACT CRAIG AT LEASE SMART Craig, it was a pleasure having you on The My Future Business Show! Thanks for joining us on the show today, and if you liked this call, or maybe have ideas on how we can improve, then feel free to leave your comment in the comment box below – and if you did enjoy the call, support the show by clicking on our big red YouTube subscribe button below, and share us with your friends. PS: The My Future Business Show has opened up it's invite only show to help get you in front of your best audience, and keep you there! To find out how you can get in front of your best audience, and stay there, simply click the button below. How To Get In Front Of Your Best Customers, And Stay There
Thomas Thurmeier interviewed by Jarek Bucholc and Jason Meier Thomas is a corporate commercial and real estate lawyer practicing in Calgary, Alberta, as a partner with the Small Business Legal Centre (SBLC). Prior to co-founding SBLC Thomas was in private practice and in-house counsel for the City of Calgary acting in Litigation, Land and Development, Real Estate, and Commercial Leasing.Thomas’ practice over the last 10 years has focused primarily on real estate, corporate and commercial matters including the typical concerns of real estate investors in starting, building, and protecting their portfolio of assets. In particular, Thomas has acted for numerous individuals and entities who wish to invest in real estate in one form or another with an emphasis on the structure of the portfolio and any specific transaction. https://www.StreetSmartREI.com
Thomas Thurmeier interviewed by Jarek Bucholc and Jason MeierThomas is a corporate commercial and real estate lawyer practicing in Calgary, Alberta, as a partner with the Small Business Legal Centre (SBLC). Prior to co-founding SBLC Thomas was in private practice and in-house counsel for the City of Calgary acting in Litigation, Land and Development, Real Estate, and Commercial Leasing.Thomas’ practice over the last 10 years has focused primarily on real estate, corporate and commercial matters including the typical concerns of real estate investors in starting, building, and protecting their portfolio of assets. In particular, Thomas has acted for numerous individuals and entities who wish to invest in real estate in one form or another with an emphasis on the structure of the portfolio and any specific transaction.https://www.StreetSmartREI.com
In this second of a two part Blaneys Podcast on commercial leasing in Canada, Dennis Tobin discusses key issues for negotiating an offer to lease in the Canadian real estate market. In an easy to listen to discussion format, this podcast addresses the following topics: remedies for breach of a commercial lease, subleasing and assignment and the differences between the two; how franchisees and franchisors might structure their lease arrangement; the significance of the “Use” clause; how your lease may impact proposed renovations; and a discussion of what “co-tenancy” clauses are and why you may use one in your offer to lease.
In this first of a two part Blaneys Podcast on commercial leasing in Canada, Dennis Tobin discusses key issues for negotiating an offer to lease in the Canadian real estate market. He highlights some of the priority issues from the perspectives of the landlord, purchaser, mortgagee and the tenant. He also discusses how the offer to lease relates to the lease. Co-tenancy, options to extend, percentage rent, termination rights and additional rent issues are discussed. Dennis reveals some “red flags” to watch out for and offers tips for negotiating an enforceable retail lease.
There are many things to consider when looking for a business location. A small business owner must carefully consider various factors in leasing a commercial space. In this episode, Dennis Wright of SCORE, discusses commercial leasing.