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Archive for June, 2006

Negotiating a Commercial Lease

Thursday, June 29th, 2006

Ever heard the say, “everything’s negotiable?” Well, in most cases, including a commercial real estate lease, that’s true — to an extent. Factors that will influence your ability to negotiate a good lease are dependent on how much leverage you have. Are other businesses interested in the space? Has the space been […]

Review: Commercial Real Estate Leases

Thursday, June 29th, 2006

There are a wide range of commercial lease possibilities. Here are the most common forms defined:
Gross lease: The tenant pays a set amount of rent and the landlord is responsible for payment of taxes, insurance and other costs associated with owning the property.
Net lease (a/k/a closed-end lease): The tenant pays the rent plus a […]

Desert Inn Pecos Center Sold

Thursday, June 29th, 2006

A private investor based out of Orange County, CA has purchased the Desert Inn Pecos Center on E. Desert Inn Road for $11.4M. The 48,172-square-foot shopping center was sold in an all cash transaction, with the buyer completing their due diligence in ten days. The property sale closed in 23 days. […]

Construction Loan for Sky Las Vegas Syndicated

Tuesday, June 27th, 2006

Hypo Real Estate Capital Corp. has closed on a $121.3-million syndication of its construction loan for Sky Las Vegas, a nearly sold-out, 44-story 405-unit residential-over-retail development on Las Vegas Boulevard.
Several other Las Vegas high-rise condo projects that appear to be moving forward include:
Streamline Tower - the developer cleared its pre-sale hurdle and in […]

New Comprehensive Database

Monday, June 26th, 2006

In the coming months, MyNextDeal plans to launch the first search engine that deals exclusively with commercial real estate listings. Using powerful vertical search technology, the online tool will search hundreds of commercial real estate websites in real time, allowing industry professionals to see every opportunity available to them.
“Instead of performing property searches on several, […]