Commercial real estate values have risen after the recession. What is considered commercial real estate? The umbrella of commercial real estate includes: office space, retail shopping centers, industrial and mini or personal storage space. Hotels and apartment units are a sub category of commercial real estate, but this article is not including these areas. The … Read More
The subject to lease or purchase a building has been a matter of much discussion for the 40 years that I have been in the commercial real estate business. My recommendation to clients more often has been to lease rather than to purchase a commercial or industrial building. The only reason to purchase a building … Read More
Holding a commercial real estate property for the long term is a strategically wiser investment compared to selling. Some industry professionals believe in selling and reinvesting in larger more recently constructed buildings; however, my experience has taught me to hold for the long term. A tenant recently gave notice to move after 14 years of … Read More
As a tenant in a commercial property, you undoubtedly, have a provision in your lease regarding real estate taxes. On a triple net lease or even a gross lease (where the Landlord pays the taxes), the taxes increase usually every year due to Proposition 13 whereby the tax increase is 2% per annum. In most … Read More
I was presented with a problem the other day for a conversion of an older industrial building to creative office space. The problem was complicated because of the costs to renovate a building today with the new Title 24 energy provisions increased the improvement costs substantially. Not only were the costs substantially higher but the … Read More
The work environment is changing in California; as a result, commercial office space is changing In Los Angeles. Industrial buildings are being transformed into creative office space in small once obsolete pockets of beach cities like the historical area called Smoky Hollow in El Segundo. In 1911 when there were only farms around Standard Oil … Read More
This is a serious debate among litigators. I have been in a number of court hearings and depositions where I have opposed expert witness lawyers. The lawyers who served as expert witnesses are very seasoned lawyers who made an excellent presentation with in depth understanding of the law that governs real estate. In commercial real … Read More
After spending decades in partnerships, both as a general partner and limited partner, there seems to be a pattern where disputes occur. The most common issue is that the partnership may be formed by a handshake and nothing is written between the parties with the exception of the deeds. My acronym for disputes is FARE! … Read More
A tenant may find they have outgrown the industrial/commercial real estate space during their course of leasing a building or business may have deteriorated. Therefore, they must relocate. I frequently counsel tenants on available options in the case where they must relocate. The ability for the Tenant to negotiate a release based upon the remaining … Read More
As a 40 year veteran of commercial real estate I have been called the “Broker’s Broker”. This phrase was not accomplished by my longevity in the business but my years of selling, leasing and developing commercial real estate. Assume for a moment that one has employed a commercial real estate broker/agent who is backed up … Read More
Segal Commercial
2221 Barry Ave., Suite 200
Los Angeles, CA 90064
