Case Studies
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 for review.
The Solution
After deliberations with the architect and KW Commercial/Rich Commercial Realty, it was determined that the space could work and by extending the lease term, the practice could improve its cash flow over the next six years. Additionally, a personal guaranty was reduced substantially which created an improved financial position for Dr. Walton.
The Result
The new term was dramatically improved by blending and extending the lease, utilizing concessions, a lower rental rate and minimal tenant improvements. Dr. Walton’s practice yielded immediate savings with the new rate taking effect one year early.
“KW Commercial/Rich Commercial Realty did a stellar job for my practice,” said Dr. Mary Walton, owner of Walton Orthodontics. “I would welcome the opportunity to share how positive this experience was with minimal time involved on my part.”
Wall Street Journal Commercial Real Estate News
- Showdown Over Miami's Swank Set February 22, 2012One of South Beach's developers is creating a new shopping district in hopes of taking on Bal Harbour Shops, long the top draw for Miami's big spenders. […]
- 'Avatar' Blues for Builder February 22, 2012Development company Avatar Holdings has to change its name because of confusion with the popular "Avatar" movie. […]
- Showdown in Stamford for Developer Rosen February 22, 2012Developer Aby Rosen, who has been fighting headwinds to shore up his highly leveraged U.S. office buildings, faces a new threat, this one to his firm's large portfolio in Stamford, Conn. […]
- Texas's Hines to Double Down in London February 22, 2012Hines, one of the world's largest real-estate groups in terms of assets, is preparing to spend $1.6 billion on buildings in the U.K., doubling its assets in the country in an effort to diversify away from riskier acquisitions. […]
- Grubb & Ellis Seeks Quick Sale February 22, 2012Commercial real-estate firm Grubb & Ellis Co. filed for Chapter 11 bankruptcy protection, requesting an expedited sale as it faces $30 million in debt that matures on March 1 and insufficient cash to make it through the first quarter. […]
- Amazon Acquires Blocks in Seattle February 18, 2012Amazon is buying property in central Seattle with plans to construct about 3 million square feet of office space, a move that could have the company owning its headquarters for the first time amid big expansion. […]
- Ex-Banker Caught Up in Debt Brawl February 15, 2012A lawsuit provides a glimpse of the role being played by bankers-turned-consultants in the growing number of fights breaking out in the commercial real-estate industry. […]
- Mission West Hangs 'For Sale' Sign February 15, 2012The leading office landlord in California's Silicon Valley, Mission West Properties Inc., is preparing to sell itself to the highest bidder. But the selling price is likely to fall short of the $1.8 billion the company nearly fetched five years ago. […]
- Apollo Has Difficulty Landing Real-Estate Funds February 15, 2012Private-equity firm Apollo Global Management has raised only about $385 million for a real-estate fund, well short of its goal. […]
- Empire State Building Owner Plans IPO February 14, 2012The company that runs Manhattan's Empire State Building is planning an initial public offering that could raise as much as $1 billion. […]