Relying on the electrical specifications specified on a marketing brochure or written on an electrical panel. If your operation requires a certain minimum electrical capacity to successfully manufacture your product, have a licensed electrician to verify the electrical supply available in the building before signing the lease.Brokers often use whatever is written on the […]
One of the most important yet misunderstood topics in industrial real estate leases is the difference between a “gross” lease and a “net” lease. Many times I’ll receive a call from a prospective tenant on one of my listings that goes something like this: Tenant: Hi, I’m calling on your listing at 1787 E. 46th […]
Leasing
The historic 1.8 million square foot Sear Building, situated on a 22 acre site, has been purchased by developer Izek Shomof for $29 million, and he has big plans commensurate with the large purchase price. Except for the Sears department store on the ground floor, the entire multi-story building is vacant. The estimated three-year renovation […]
The Nonresidential Energy Use Disclosure Program (also known as “AB 1103”), a new and far reaching mandatory energy use disclosure law for commercial properties, came into effect on January 1, 2014 for non-residential buildings 10,000 square feet and larger. Non-residential buildings 5,000 square feet and larger will required to comply with these regulations beginning on […]
