Besides your rent, tenant improvement costs are typically the second most expensive part of any lease. Tenant improvement allowances can sometimes equal 6 to 12 months of rent or even more. What you can do with one dollar in one building or location might not be possible in another. If you want to make out [...]
In most office lease agreements, landlord consent is required for tenant transfers such as subleasing or assignments. There are a few exceptions where it might not be. One is "Permitted Transfers." This is where a tenant can sell their business, bring on another business partner, or sublease the space to an affiliated entity without landlord [...]
Disclaimer: H.W. Holmes, Inc. curates this monthly summary of commercial construction and development news in and around Los Angeles, Ventura, and Santa Barbara, CA. We have no association with any of these developments unless specifically stated. Sunset Strip House of Blues Demolished After 21 years of business, the Sunset Strip's House of Blues hosted its [...]
When it comes to retail design and construction, it's important to stay ahead of the latest fashions - not unlike the merchandise or products you sell. The right design is integral to how customers interact with your store. A store's physical design can do anything from enticing people to enter it to how much time [...]
Within the last decade, workplaces as we once knew them have evolved to the point of nearly being unrecognizable. Cubical farms have been replaced with open floor plans and a communal vibe over privacy. Technology has shifted from landlines and desktop computers to laptops and mobile apps. Work efficiency and employee productivity are better than [...]
Office remodeling is a necessary expense for commercial landlords looking to attract or retain tenants. However, far too often, these renovations aren't handled correctly. Costly missteps are made with many office remodels that are completely avoidable with proper strategy and planning. Here are five tips to successful office remodeling in Los Angeles, Ventura, and Santa [...]
Whether you've been in the restaurant game for some time or you're opening your very first establishment, certain steps must be taken to build and open any restaurant. Finding an experienced and dedicated restaurant builder can make a huge difference in the amount of time needed from conception to construction to opening the doors for [...]
There are many things to take into consideration when negotiating a commercial lease or renewal. The leasehold allowance - also known as the tenant incentive, tenant inducement, or TI money - is one of the most important. This is the amount of money a landlord gives a tenant for leasehold improvements or customizations to the [...]
We live in a fast-paced world. Things are constantly evolving. Tastes and styles change. Technology advances. This is a big challenge when it comes to retail remodeling . Before going into any retail renovation, you have to be aware of the trends currently shaping consumer shopping behavior and buying patterns. Your retail remodel needs to [...]
A landlord's tenant improvement allowance is intended to incentivize a prospective tenant. But how much TI allowance a tenant is offered varies based on several factors. Here are a few things assessed prior to a landlord's TI allowance offer. Tenant's Credit Strength Any experienced landlord will carefully consider a tenant's credit strength. Landlords will often [...]
