FASB Changes in 2019 Shift Build-to-Suit Commercial Real Estate Industry

The new FASB rule 842 is a game changer.  It requires that companies hold lease obligations as liabilities on their books where as before, it was simply an off balance sheet item.  This changes the incentives for companies and they are much more likely to own their real estate rather than have a developer build it for them and lease …

Post-Amazon Shopping Center Investing: Five Key Drivers of Modern Suburban Retail

The biggest commercial real estate investment opportunity in the next decade will be in reinventing and repurposing shopping centers.  It is the great challenge for investors of my generation.  The Baby Boomers built shopping centers and malls all across the country and now, as 80,000 stores close across the US by 2025, generations X and Y will reinvent the asset …

Is the Office Building Dead?

Is the Office Building Dead?

The only thing constant in life is change and so it goes with the “Office Building.”  What was an immutable truth 20 years ago is yesterday’s news in today’s globalized, digital, warp-speed economy.  So, are office buildings—a key food group of the commercial real estate universe—dead or dying?  With nearly 11 billion square feet of office space in America, this …

Common Area Maintenance CAM Shopping Center

Four Quick Ways to Simplify CAM Reconciliations for Commercial Properties

Managing Common Area Maintenance (CAM) expenses for shopping centers and office buildings can be a challenge and a lot can go wrong.  Tenants may question your math and different tenants often have different CAM reimbursement requirements.  To be successful at this you have to start early, be organized and have a plan.  Below are four quick ways that you can …

Government Tenants

Quick Guide: Working with Government Tenants

Managing buildings with government tenants is a unique endeavor in the commercial property management world.  We manage several Social Security office properties and a DMV office in Northern California.  We have found that government tenants—rightly so—have among the highest expectations of any tenant type for their commercial property owners and managers.  This is certainly reasonable, given that they occupy high …