Company and Commercial Real Estate News
John Galaxidas, President/CEO of Synergy announced it completed its 3rd commercial real estate requirement for NASA.
John Galaxidas, President and CEO of Synergy Real Estate Group, Corporate Advisory, announced that the company had assisted Hitachi subsidiary AccSys Technology, Inc. in leasing a 12,000 square foot industrial property to be used as a testing facility for its ion linear accelerators. The deal continues ... Read More
The Los Angeles Class A office leasing market continues to remain flat in Q3 2012. Office leasing activity (as measured by the total square foot-age of new leases and lease renewals executed) was 34% below average quarterly leasing activity in 2011.
The availability rate for Class A office space continues ... Read More
World’s Priciest Office Locations
A semi-annual real estate industry survey released the most expensive office markets world-wide. Overall, occupancy costs increased by an average 3.6% worldwide led by Asia-Pacific at 7.8%, Americas at 5.0%, and EMEA at 0.4%. 80 markets experienced increase in occupancy costs, while 24 markets occupancy ... Read More
Drop in San Diego Office Space Vacancies
For the first time since 2007, the commercial office space vacancy rate for San Diego has dropped below the 14% mark.
In the fourth quarter of 2011, the San Diego office leasing vacancy rate dropped to 13.8 percent, the lowest it had been since it was at 14 percent in the third quarter of 2010.
The ... Read More
John Galaxidas, President and CEO of Synergy Real Estate Group, Corporate Advisory, announced that the company assisted NASA - Hubble / TRAX International in leasing 120,000 square feet of office space for 450 staff located at 7700 Hubble Drive in Greenbelt, Maryland, a suburb of Washington, DC. GREENBELT, ... Read More
In a recent survey performed by the Urban Land Institute (ULI), San Diego was ranked tenth in a list of real estate markets to watch. "The emerging trends" report is in its 32nd year and is compiled from 275 personal interviews with industry experts. The Washington based organization believes San Diego ... Read More
Here are 10 ways you in which you know you need to go back to the drawing board.
1. While the size of the spaces you're shown seem OK, none are laid out remotely close to what you need.
2. When you ask if the suite can be remodeled, you're told, "Sure, no problem."
3. Your broker sends you a 50 page ... Read More
Every company large or small wants to identify the highest quality office space at the lowest cost. In order to achieve this goal, a company must understand what the major drivers of cost. Your chances of securing the best price on space are increased significantly by utilizing the expertise of an exclusive ... Read More
Getting out of a commercial lease can be a difficult and often daunting process but depending on your individual circumstances or real estate market you are in, you may be able to negotiate a compromise with your landlord. During a downturn, recession or financial crisis, companies find they have ... Read More
The appeal of using an exclusive tenant representation firm is that a client requiring space is assured that the advisor is focused strictly upon meeting the client’s needs. In exclusive "boutique" tenant representation firms, such as Synergy Real Estate Group, Corporate Advisory LLC and it’s new subsidiary ... Read More
When a business grows, there comes the time when the owner of the company needs to consider moving to a larger office space or negotiating with the landlord a new lease. If the business is such that the owner is considering renewing or relocating to new space, one thing the owner of the business may ... Read More
The timing for Sacramento Tenant Advisors “STC” (www.sactotenantadvisors.com) entry into the Sacramento Central California Valley real estate market was based on the philosophy that has been carried from Synergy Real Estate Group, Corporate Advisory LLC (www.synreg.com), it's mother company with offices ... Read More
Energy efficient lighting innovator relocates distribution center
Aurora, OH (June 5, 2008) – TCP, Inc., the world's largest manufacturer of energy efficient lighting products, announces the relocation of its west coast distribution center and warehouse to the Massie Industrial Park in Stockton, California. ... Read More
Energy efficient lighting innovator relocates distribution center Aurora, OH (June 5, 2008) – TCP, Inc., the world’s largest manufacturer of energy efficient lighting products, announces the relocation of its west coast distribution center and warehouse to the Massie Industrial Park in Stockton, ... Read More
Understanding Lease - Renewal Options
Landlords and leasing agents typically want tenants to sign long-term leases. This type of lease, which may extend over many years, guarantees the landlord a reliable stream of rental income and allows them to avoid the hassle and expense of re-leasing the space. But if your business is growing and ... Read More
Types of Commercial Real Estate Leases
A wide range of commercial leasing possibilities exist. Typically, an office lease in a major city and a retail lease in a suburban shopping center will be considerably different. From a broad perspective, there are a few types of leases commonly found. Within these categories, leases may vary considerably. ... Read More
Most form leases provide that the tenant can't make any alterations or improvements to the premises without the landlord's consent. Those provisions are typically too restrictive and you should attempt to negotiate changes. For example, try to get the right to make non-structural changes or changes ... Read More
Office space is one of the largest expenses a growing company incurs. Negotiating the best lease possible can save your company enough to hire a few more employees or to launch a marketing campaign. No lease is standard, however, so here are some suggestions to help you become a little more lease-savvy ... Read More
Most businesses require leased space. And as your business grows, you may need to add additional space for more people or increased operations. A lease agreement can constitute a significant financial commitment for a business. Yet many people blindly sign leases that bind their business for many years ... Read More