Here is my recommendation to brokers when it comes to the insertion of the size of a property in a sale or lease from my experience of representing thousands of buyers, sellers, lessors and lessees. Brokers representing a lessee or a buyer should always place in the offer the address of the property and the … Read More
An attorney who represents an owner of a commercial building with a long term lease should always question the client to find out when they visited the property. If the tenant pays the rent on time and does not cause any obvious problems, most landlords do not take the time to visit the building. In … Read More
I had been through numerous cycles in my 40 years in the commercial real estate business. All of the cycles had vastly different consequences. The current cycle is very long and producing the lowest interest rates that I had ever witnessed. Consequently, low returns from normal investment vehicles for example; stocks, bonds, money markets, and … Read More
The most common case that I testify on as a commercial real estate expert witness is the “Breach of Contract“. This routine type of case may have many twists and turns so my advice to the legal community is to draft an outline for your clients that will serve as a log. A log of … Read More
Many owners elect to employ a property management company even though the Tenant is responsible for paying all of the expenses and maintaining the property. This method of utilizing a management company provides a good deal of comfort for the owner in not having to deal with the tenant and making sure that the rent … Read More
Los Angeles, CA February 27, 2014— President of Segal Commercial Properties and California commercial real estate expert, Lee Segal, is now Managing General Partner of LIMO Properties, a partnership that owns and operates 5.8 acres of industrial property in El Segundo, CA. LIMO Properties constructed 120,000 Square feet of industrial space from the 1950s’ to … Read More
Many investors form a partnership to acquire commercial real estate. Most of these joint venture purchases mistakenly have not been legally established as partnerships prior to the close of escrow. Two or more partners may sign personally for financing at the time of the purchase and after escrow form a legal partnership. This scenario referenced … Read More
When I entered the commercial real estate business in 1972, I quickly discovered that you could earn twice as much money by representing both sides of a transaction. When I received a listing in my early years, I remember that I hesitated placing it on the Multiple for a day so I could call all … Read More
As part of my transactional real estate practice, I have become very familiar with creative office space located on the Westside and downtown Los Angeles. The first thing I notice is how different it looks from traditional office space. The creative office area lacks private offices, is dominated by open space, high ceilings, and air … Read More
These five words can cost you plenty if you are not careful in your lease negotiations. These words are normally contained in the Lessee’s Responsibility paragraph and may be further embellished in the Surrender provision. This simple phrase may create for both parties of a lease serious disputes. The reason for potential disputes is simple. … Read More
Segal Commercial
2221 Barry Ave., Suite 200
Los Angeles, CA 90064
