Case Studies
Renewal Yields Impressive Concessions: Greater Raleigh Convention and Visitors Bureau
Overview Greater Raleigh Convention and Visitors Bureau had 2 ½ years remaining on their lease when market and economic conditions suggested they evaluate a blend and extend proposal from their landlord. The conditions would have to be favorable for their Board and Executive committee to approve an early renewal. Results With the assistance of Rich [...]
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Law Firm Finds Value in Engaging Tenant Representation: Ragsdale Liggett
Overview Ragsdale Liggett had been in the same suburban location which had served them well for 20 years and felt a move to a newer facility would be a possible option. They had never had tenant representation during their tenancy and after several presentations determined the law firm experience of Rich Commercial and the value [...]
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Expanding Search Provides Leverage for Favorable Law Firm Renewal: Bailey & Dixon
Overview Bailey & Dixon wanted to renew their lease but it had been several years since any major improvements had been made to their space. The goal was to obtain favorable renewal terms to extend the lease including an aggressive tenant improvement allowance from the Landlord to make the needed improvements. Rich Commercial’s strategy was [...]
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Tenant Sees Value for the 3rd time: Carolina Asphalt Pavement Association
Overview Christie Barbee, Executive Director of Carolina Asphalt Pavement Association, is one busy woman! She is constantly on the go and has little time for more than the priorities of the association she directs, especially when the NC Legislature is in session. The need to deal with an office lease is a hassle and interruption [...]
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Riding the Wave of a Tenant’s Market: Stonewood Insurance Company
Overview Stonewood Insurance Company, Inc. had nine months remaining on its lease and felt the most likely decision would be to renew their lease. They had occupied their current space for 8 years and the landlord was doing a satisfactory job in maintaining the property. The market seemed to indicate that Stonewood should be [...]
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Wall Street Journal Commercial Real Estate News
- Lehman Selling Pieces of Stakes Acquired in Archstone Deal May 23, 2013The estate of Lehman Brothers Holdings Inc. is looking to raise about $2 billion by selling about half of the stock it got when it sold apartment giant Archstone to two of its largest competitors. […]
- Trump-Branded Rio Project Faces Test May 22, 2013A developer is hoping to break ground soon in Rio de Janeiro on the first Donald Trump-branded project in Brazil, but with the country's growth engine low on steam, the office market may not cooperate. […]
