Case Studies
Build to Suit for Better Efficiency: NC Rate Bureau Case Study
Overview NC Rate Bureau, Reinsurance Facility and Insurance Guaranty Association (NCRB, NCRF, NCIGA) engaged the services of Rich Commercial Realty three years before their lease was to expire. They knew the building they occupied for 20+ years was not suitable for their current needs. Over that period they had grown into the entire 31,000 sq. [...]
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Renewal vs. Relocation: SpecComm International, Inc. Case Study
Overview SpecComm International, Inc., a 30-year-old publishing company of business magazines was feeling the pinch of the tough economy and business environment. Nearing the end of a five year lease for office space, they felt the need to compare renewal versus relocation costs. Their landlord had been understanding and had worked with them during the [...]
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Extended Term Reaps Benefits for Orthodontist: Walton Orthodontics Case Study
The Goal With 12 months remaining on her lease, Dr. Mary Walton engaged the assistance of KW Commercial/Rich Commercial Realty on the advice of her attorney. The Challenge With escalations over a nine year lease, the monthly rent that the practice was paying had become burdensome. Several questions about space utilization also created an opportunity [...]
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Timing Key for Purchase Client: Confero, Inc. Case Study
The Goal Elaine Buxton, CEO of Confero, Inc. had a lease expiring within nine months of her engagement of Rich Commercial Realty. Having built equity in her company, she felt a purchase was a good investment given the great terms banks were offering owner occupants. Her ideal scenario was to purchase a property she could [...]
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Rapid Renewal with Favorable Terms: Scott Insurance Case Study
Within 30 days from engaging our services, Scott Insurance renewed its lease for 66 months and received market concessions in the form of free rent and tenant improvements. Minimal client time was invested in this transaction allowing them to remain focused on their business throughout the deal.
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Diligent Negotiation Proves Fruitful: Triangle Business Journal Case Study
The Goal To find a favorable market transaction for Triangle Business Journal that would meet their current and future needs through either the renewal of their space or the execution of a new lease transaction. The Means Rich Commercial Realty met with TBJ’s Landlord to address issues of concern such as common area restroom upgrades, [...]
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Law Firm Renewal Nets Savings: Millberg Gordon Stewart, PLLC Case Study
Helping Millberg Gordon Stewart obtain favorable renewal terms within 60 days of their engagement of Rich Commercial Realty.
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Taking Advantage of a Tenant Market: Greenhorne and O’Mara Case Study
Harold Rich helped Greenhorne & O’Mara with their commercial space needs for the fifth time in 20 years and saved them over 35%.
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Big Savings on Zebulon Warehouse Space: Advanced Plastiform, Inc. Case Study
Tripp Lineberry helped Advanced Plastiform, Inc. secure 50,000 square feet of warehouse space in the Triangle area on a budget.
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One Space, One Mission: Easter Seals UCP North Carolina and Virginia Case Study
Rich Commercial Realty helped Easter Seals UCP North Carolina and Virginia to locate new space while negotiating aggressive lease terms.
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Wall Street Journal Commercial Real Estate News
- Less Building Now, Higher Office Rents Later February 6, 2012Office-building construction is in the midst of a severe drought. This means higher rents may be on the horizon in some cities, if history is any guide. […]
- Plots & Ploys: Touchdown Before Kickoff February 2, 2012Regardless of whether the New York Giants or the New England Patriots win Super Bowl XLVI on Sunday, a prohibitive favorite has emerged: Indianapolis-area hotels. […]
- Home Shortage in London to Worsen February 1, 2012London looks likely to experience a drought of new housing over the next few years, as construction of homes amid fears of renewed recession and a dearth of mortgage finance, a report from property consultant suggests. […]
- Two Office REITs Post Higher Earnings February 1, 2012Boston Properties Inc. and SL Green Realty Corp. reported stronger-than-expected quarterly earnings, a sign that the nation's largest office landlords have been able to boost revenue despite tepid job growth. […]
- Goldman to Fight Over Hancock February 1, 2012A Goldman Sachs Group Inc. real-estate fund that has walked away from a number of struggling investments is taking a different approach with a Chicago skyscraper, deciding to fight its creditors rather than surrender ownership of the building. […]
- Blackstone Spies Retail Recovery February 1, 2012Blackstone Group's $11 billion bet on retail property is showing signs of paying off. […]
- Cost of Trade Center Tower Rises January 30, 2012The price tag for One World Trade Center, the signature skyscraper under construction at Ground Zero in New York, has risen to more than $3.8 billion, making it by far the world's most expensive new office tower. […]
- Developer Makes a Fresh Start January 25, 2012The family behind Opus, once one of the largest private developers in the country, is making a comeback after settling battles with creditors and former employees. […]
- Lehman to Block Zell's Archstone Deal January 23, 2012The estate of Lehman Brothers Holdings Inc. is planning this week to use $1.33 billion in cash to buy a 26.5% stake in apartment giant Archstone. […]
- Lehman's Estate Gets Montana Resort January 23, 2012The estate of Lehman Brothers Holdings Inc. is now the owner of a Montana ski and golf resort, after assuming control of the assets of Moonlight Basin Ranch LP. […]