Industry news, keen insights and thoughtful, informed analysis. Expert tips and best practices for financial modeling, underwriting, valuation, due diligence and lease abstraction and lease administration. Trends we’re seeing in commercial real estate lending, capital markets and investment. And much, much more. If you’re looking for fresh takes and an expert point of view on the commercial real estate industry, you’re definitely in the right place—the Realogic Blog.
As some of you may know, Realogic has offered Training Services for Commercial Real Estate professionals since its inception in 1992. At that time, Realogic offered training in Pro-Ject, which was the Property Valuation software of choice. In the years that followed, we tried out... Read More »
Last Friday, Property Managers in the Chicagoland area gathered at the Marriott Oak Brook to participate in Illinois Real Estate Journals’ Building Owners and Managers Conference. The half-day event schedule started with a networking breakfast followed by two expert panels with an intermission between them... Read More »
Continuing our Commercial Lease Fundamentals series, today’s topic is a breakdown of the four components of a commercial real estate lease. Component 1: Basic Lease Information Whenever I read a lease or a lease-related document, I like to think of myself as an investigative journalist... Read More »
Following up on last week’s blog article, The Four Components of a Real Estate Lease, today’s post explains the first part of what Realogic considers the first component, the basic lease information. Let’s consider the parties involved in a commercial real estate lease. Required Parties... Read More »
In last week’s article, we explored the different parties involved in commercial real estate leases and the roles each party is expected to play in a lease. For this post, I’ll tackle the intricacies of how Commercial Real Estate Leases define leased space, also known as... Read More »
Editor’s Note: We recently updated this post on Term Dates in Commercial Real Estate Leases from 2016, adding new information, expert insights and supporting examples, as well as links to additional resources. To read the updated version of the post on Term Dates, click here.... Read More »
Today’s post is the 5th in the Commercial Lease Fundamentals series and the first article concerning the second of the Four Components of a Lease, namely Rent. The minimum amount of Rent to be paid (typically referred to as “Base Rent” or “Minimum Rent”) may... Read More »
In last week’s post, I introduced the basics of Base Rent in Commercial Real Estate Leases and offered all readers a chance to grab the quick and dirty Excel Base Rent Calculator I use when the lease administration application doesn’t have that built-in functionality. In... Read More »
Editor’s Note: We recently updated this post on Pro Rata Share in Commercial Real Estate from 2016, adding new information, expert insights and supporting examples, as well as links to additional resources. To read the updated version of the post on Pro Rata Share, click... Read More »
In this post, we have arrived at the topic of Operating Expenses, a component of additional rent typically paid by each tenant on a pro rata share basis. Most other items of additional rent, such as percentage rent, late fees, CPI and Porters Wage adjustments are... Read More »