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Pay Attention to Specific Lease Terms to Avoid Litigation 

Although they are among the most common legal documents in commercial real estate, leases often are items of contention due to misunderstanding of terms or unspecific wording. As the following cases illustrate, landlords and tenants must pay close attention to

Struggling Properties Can Exercise Workout Options to Improve Financial Health 

This year is shaping up to be the most active period for real estate workouts since the early 1990s, primarily due to the declining value and performance of commercial properties during the economic slowdown. Tightening capital markets have compounded the

The Waiting Game 

As expected, the U.S. economic recession brought all the typical hardships to the commercial real estate markets lower demand, higher vacancy rates, and weaker rent growth. On top of these problems, property owners also face higher insurance premiums and increased

Where's the Money?(1) 

So far this year, commercial real estate as an investment is outperforming the yields in other asset classes with one disturbing trend. Since last year, there has been a disconnect between the desires of capital market investors who are looking

“Not in My Backyard!” 

Real estate professionals facing opposition to development or zoning changes these days must hack their way through a forest of initials. In many communities the original NIMBYs Not in My Backyard have subdivided into CAVE (Citizens Against Virtually Everything) dwellers,

Land of Lincoln Is Looking Good 

Due to its “robust economic development activity from Chicagoland to the juncture of the Ohio and Mississippi Rivers,” Illinois was named the top state for business development in 2001 by Site Selection magazine. The state ranked first in three criteria

Job Creation Act Increases Tax Savings for Commercial Property Owners 

In March, Congress passed the Job Creation and Worker Assistance Act of 2002. While the act contains provisions affecting many industries, it may offer commercial real estate property owners and companies specific tax saving benefits. Bonus Depreciation Provision Under the

Choosing a New Path 

After almost 30 years as an independent broker, B.K. Allen, CCIM, GRI, owner of B.K. Allen Real Estate in Reston, Va., decided to affiliate with a national commercial real estate company. “I was doing more administrative work than interacting with

Corporate Experience Translates into Entrepreneurial Endeavor 

How did a woman who had no intention of working in commercial real estate end up managing buildings for the federal government, rising through the ranks of the corporate real estate world, and owning a franchise region for Fantastic Sams?

Guarding Against Tenant Bankruptcy 

For years, bankruptcy has signified the end of the line for struggling companies. But in today's economic climate, many businesses use the U.S. Bankruptcy Code as a blanket of protection from creditors while they attempt to reorganize and emerge on

Industrial Tenants Can Cut Costs in a Renter's Market 

What used to be a landlord's market in industrial properties with competition for space driving rents sky high now has evolved into a tenant's market. So, while the current slow economy has caused some significant changes in the real estate

Industrial Shifts Gears 

Although double digit vacancy rates are common in many markets across the country, industrial properties continue to be one of the more stable commercial real estate market segments. Less status conscious than office, not as quickly affected by new trends

Digital Cameras Are an Essential Tool for Today's Broker 

Due to their ability to communicate a vast amount of information about a property at a glance, photographs have been a critical element in the marketing of commercial real estate properties for decades. For many years, traditional film cameras were