Steps to Hiring a Commercial Real Estate Broker; THE Checklist

This week’s installment of the Landlord and Tenant Tips we will cover the steps to cover when Hiring a Commercial Real Estate Broker.CRE Broker Candidates to Interview

First you RECOGNIZE you need a professional. It may hit you like a ton of bricks or it may have taken you years with no results to arrive at this decision. You may be a Landlord who needs to lease vacant space or sell a property, or a Tenant interested in a new location or a renewal of a current one. The good news is you’ve completed the hardest part!

Doesn’t matter how you got here, it only matters that you have (or almost have). Check that off your list and move to the easy part. Second step is

Landlords and Tenants; what should you expect from each other?

FOR LEASE

Welcome to the #Landlord Tips and #Tenant Tips section of the Charleston Retail Commercial Real Estate blog.
Today we discuss Landlords and Tenants, their roles and what is typical or reasonable to expect from each other and how we memorialize the agreement at a Shopping Center.

Let’s begin with the Landlord and the question “What is a Landlord?”.

Landlord, most simply, is the one who receives rent.  The Landlord can be an individual person like my Mom, or it can be a global investor like http://www.blackstone.com/.  You may deal directly with my Mom, or the regional manager of the local company or a fund (group of investors) that may own the property.  Regardless of who you deal with as the Landlord (and don’t underestimate Mom), they are in the role to manage and increase the value of the property.  This is very important to be aware of because it creates adverse position to that of a Tenant. Exactly what the Landlord bargains to provide to the Tenant will vary based on multiple factors, but for now lets stick to a suburban retail shopping center building as the property the Tenant would like to Lease.  In our Shopping Center, let’s call it “Charleston Square,” the Landlord provides

Welcome to www.JohnOrr.com

WELCOME!

Howdy y’all,
I appreciate you surfing by here to check out the “Official Launch” of my Blog.  This has been in the works for a long time and my good friend Duke Long has been instrumental in motivating me.  First by naming me to this prestigious list of the Top 10 Most Influential Online Commercial Real Estate People in 2013 and then the 2014 Top 100 Commercial Real Estate People You Must Follow On Twitter.  Of course you all repeatedly telling me how inadequate my website really was helped too!

Before I get too far along about what you can expect to find here, allow me a moment to introduce myself – I am John Orr CCIM, a lifelong Retail Commercial Real Estate practitioner.  I’ve been active for a long time (at least in relative timelines) in the social media spaces – TwitterLinkedINFacebook, Google+, YouTube.

As we get to know each other over the coming weeks and months I will introduce our Charleston Retail Team here at Colliers International as well as post Market Reports, post for Restaurant Recommendations, and whatever strikes me from time to time.  Now, even with all that great stuff to talk about my main goal is to explore today’s issues facing Landlords, Tenants, Sellers and Buyers – and the occasional Developer’s Corner post and of course our monthly Coastal Tides Newsletter.  These are the things that impact us everyday.  The names may (or may not) be changed to protect the innocent but all the stories here are real because Truth is stranger than Fiction!

Thanks again for taking the time to check it out and please take a moment to Subscribe in the box on the right.  I believe inboxes are sacred and promise not to send anything to you that I wouldn’t want to receive myself.

Thank You Very Much!

John

Coastal Tides Newsletter July 2014

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Coastal Tides Retail Newsletter, July 2014

Tuesday Morning Logo

Tuesday Morning opens new store in Mount Pleasant

The Dallas-based retailer of closeout housewares and decor relocated to 680 Long Point Road, adjacent to PetSmart, after leaving its store on Coleman Boulevard about a year ago to make way for the Southern Seasons outlet.

Dick's Sporting GoodsNordstrom Rack

Nodstrom Rack, Dick’s Sporting Goods plan to replace former Kmart in Mount Pleasant

Design plans submitted to the town of Mount Pleasant reveal a new facade and a restructuring of the shopping center’s five parcels. The former Kmart superstore, which closed in January, will be split into two storefronts designed for Nordstrom Rack and Dick’s Sporting Goods.

Ruth's Chris

Ruth’s Chris Steak House to open in hotel near Charleston City Market

After an exhaustive search, Ruth’s Chris Steak House has selected

Coastal Tides Retail Newsletter – June 2014

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Retail Market is Back in Business as RECon 2014 Wraps Up

By the end of the day Tuesday it was clear that the industry’s expectations for the 2014 RECon show had been fulfilled-the retail real estate market is once again vibrant, with tenants signing new leases, lenders clamoring to offer debt for new acquisitions and multiple investor classes looking to buy retail assets, wherever they may find them.

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More From ICSC RECon 2014

The Changing Dynamic Between Retail Landlords and Tenants

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How to Turn Around a Challenged Center Around

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Don’t Overthink It; Do the Retail Deal

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Large Box Shifts to Smaller Formats

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 Outdoor retailer Gander Mountain picks