The retail industry has been dealing with the fall out of COVID-19 since March of this year. With state-issued executive orders requiring people stay home and non-essential businesses remain closed for months, many retailers are financially suffering and re-evaluating their rental or lease obligations. While California has permitted more retailers to reopen this past month, [...]
The traditional office will probably look very different in a post COVID-19 world. With so many people working remote, many companies are reevaluating their office space needs. While some business owners may want immediate tenant improvements to better optimize square footage; for example, to accommodate social distancing requirements to give employees more personal space, others [...]
The manner in which we live and conduct our day to day business has been drastically altered by the COVID-19 pandemic. The economic repercussions we face as we social distance to prioritize everyone's health and safety will be profound. Particularly with the state-mandated shutdown of non-essential businesses. A recent Chamber of Commerce survey concluded that [...]
A lease agreement's force majeure provision can do any of the following. It could excuse contractual obligations in their entirety if they can't be met due to a force majeure event. It could delay or defer said obligations until the conclusion of that specific force majeure event. And, in extreme instances, it can allow for [...]
Property owners are always surprised when they're told they'll need to obtain builder's risk insurance. Our Los Angeles commercial construction pros have noticed that many people we talk to know very little about builder's risk insurance. They're also confused as to why they need to pay for it - confusing it with either their or [...]
Tenant or leasehold improvements are improvements made by a landlord to attract or retain a tenant. The tenant can request specific customizations to the space's interior to better suit their needs or preferences. These improvements can be paid for by either the landlord or tenant. This is all negotiated and outlined in the signed lease [...]
So you’ve gone through a number of bids from contractors for your restaurant construction project. You’ve finally settled on a commercial general contractor with the right price and qualifications. Before you break ground, it’s a good idea to discuss the construction schedule with the general contractor you’ve chosen. If you’re new to the restaurant business [...]
The best way to reduce the overall cost of a fast-food or fast-casual restaurant build is to make good design decisions right from the start. Fully understanding how you intend to use your space and your establishment's occupancy is pivotal. Wise initial design decisions when building a fast food, fast-casual, or takeout restaurant go a [...]
We've watched as the world has gone increasingly digital. Many offices have remote teams these days. Employees who seldom, if ever, work in a company's physical office space. 70% of white-collar professionals work remotely at least once a week. Another 53% work remotely at least half the week. When they do go into the office, [...]
Whether your company is looking for office space in a newly constructed development or a previously occupied space in an older building, the building owner will likely offer a tenant improvement allowance. A TI allowance is a dollar amount the landlord offers to cover the cost of any customizations you want done to the space. [...]
