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 [...]
Los Angeles-area restaurant operators and retailers considering remodeling to attract customers and stay competitive have an unexpected ally. The government. More specifically, the Internal Revenue Service or IRS for short. This is due to the finalization the IRS issued Rev. Proc. 2015-56 - better known as the Remodel Safe Harbor Rule - which offers certain [...]
Whether you're a real estate developer, architect, or a property owner renovating a space, finding the right commercial construction company for your project is critical. Commercial construction projects can be massive endeavors. There is often a time crunch and strict budget constraints. The worksite itself is hectic. Hardworking individuals moving different parts towards one common [...]
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. Construction Begins on North Hollywood Mixed-Use Development Construction has officially begun on NoHo West - the redevelopment of North [...]
Mistakes happen but making a mistake during lease & tenant improvement negotiations can be costly for any small to medium-sized business. This YouTube video looks at five common yet preventable mistakes to watch for when looking for a new commercial space, negotiating or renewing a lease, or agreeing to a tenant improvement allowance. There's an [...]
