Blog
Lease Renegotiation
As I noted in my last blog post, going to the market early to understand the vacancy, absorption and market terms is key to getting an understanding of the leverage you can have with your landlord. This strategy ensures better negotiation with the current landlord in getting what issues are important to the tenant. Getting [...]
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November 2011
We should express our thanks more often than we do, at least more frequently than once a year. I don’t mean in general instances of being polite, which I think most people do pretty well here in the Triangle. I mean we should look around—every day—to offer a quick, quiet thanks for everything that helps [...]
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Build to Suit – Lease
Experience has taught us (especially in this economy) that going to the market first is a strategy that seems to work well with landlords in obtaining optimal results for tenants seeking to renegotiate their office leases. This strategy can cut the time line in half, but the key is jumping in when the market will [...]
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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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Halloween Treat (no tricks!)
While watching CBS Sunday Morning on Sunday it occurred to me how entranced we are by all things related to All Saints Day, commonly known as Halloween. Started as the Celtic New Year, this day has served generations to scare away evil or be part of the goblins that trick rather than treat! The researcher [...]
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Giving Thanks
As we approach the season of Thanksgiving and the anniversary of Rich Commercial Realty’s founding, I am more than ever grateful for all of the people who have assisted in our 22 years of success. So many people come to mind as I think back to my humble beginning. It is with gratitude and love [...]
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October 2011
Embracing Social Media It’s hard to talk about social media without sounding cliche or trendy. Sure, it’s changing things, but really, what role does it play in business? Well, as it turns out, social media plays a big role in business today. And it’s something Rich Commercial Realty and to a larger extent, Keller Williams, [...]
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3rd Quarter 2011
Rich Commercial Realty/KW Commercial, Raleigh, negotiated the following leases: North Carolina Rate Bureau, 2910 Sumner Boulevard, Raleigh, with Harold C. Rich, Jr. as Tenant Representative and Malcolm Lewis as Landlord Representative. Schwab Performance Technologies, Inc., 4000 Westchase Boulevard, Suite 100, Raleigh, in a lease renewal with Michelle Rich Goode as Tenant Representative and Hillman Duncan [...]
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Nature’s Color
Why are we so mesmerized by the beauty of fall? Nothing touches me more than the beauty of color. Color and music, I have recently come to learn, resonate with the heart. The brain solves problems; the heart resolves them. Recently I spent a weekend in Vilas, NC with some friends at the home of [...]
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The Value of Getting Away
Times are tough; less business is out there, competition in my industry is high, and we are all putting in many more hours to get the job done. Summer is a distant blur even if we did manage a week’s vacation at the beach, so how can I possibly contemplate a long weekend to take [...]
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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. […]