Category Archives: Superior Interests

Other Lease TermsSuperior Interests

The TICking Bomb of Building Ownership

Occasionally, we hear of a tragedy where a bomb explodes in a former war zone.  Likewise, in commercial real estate where most markets have recovered from the recession, there is a time bomb of building ownership that can be disastrous … Continue reading

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Superior Interests

Don’t Let Your Landlord Push You Around with Their “Relocation Right”

With strong office markets in many parts of the country, landlords are becoming rather bullish.  In that spirit, they are looking to maximize leasing flexibility in accommodating new and growing tenants.  One leasing flexibility tool that landlords have in their … Continue reading

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Other Lease TermsSuperior Interests

What Tenants Need to Know About Estoppel Certificates

Willis Tower sells for $1.3 Billion.  Such eye-popping sales headlines are fairly common today. With low interest rates and rising rental rates, we’re seeing record volume of office building sales in Chicago and many markets nationally.  As part of the … Continue reading

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Pre-lease IssuesSuperior Interests

A watch-list, a special servicing event, and maximizing NPV recovery all have this in common.

Question: “What is a landlord with a troubled CMBS loan?” Back in the day, a landlord may have had a loan with a life insurance company in Iowa or a pension fund in California that retained the loan through maturity. … Continue reading

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Pre-lease IssuesSuperior Interests

Plugging the Lender Loophole: Tenants need Nondisturbance Agreements

Taking advantage of the depressed office market, as a savvy tenant you just renegotiated your office lease reducing your rent and locking in a low rent structure for the next several years.    But did you close a big loop hole … Continue reading

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