The final FASB (GAAP) Lease Accounting Standard was released today. It has been a long time (2006) since the IASB and FASB (IFRS) endeavored to increase transparency and consistency in accounting standards.  Ultimately the two bodies did not agree on everything and there are still two standards, but they are much more similar than before. Additionally,...Read More

Tenant Guardian’s real estate representation for Woodland Hills based Viking Cruises has been featured in the San Fernando Valley Business Journal.  Click here to read the full article. Read More

Sale-Leasebacks, in real estate, are financial transactions whereby an owner of real estate sells its property and then leases it back for a long term.  These transactions have been popular for decades and are a consistent form of financing for businesses.  The question is: Is a Sale-Leaseback right for you? Sale-Leasebacks are not the right solution...Read More

A good friend of mine, Ed Harris at CTS, recently wrote an article about occurrences that signal the need to review, or audit, your lease.  I have edited his writing to shrink his well thought out arguments down to a blog format focused on this huge area of cost containment for tenants.   The Red Flags are: 1. Significant...Read More

What happens at the end of a commercial lease when the tenant cannot move out in time?  Clearly there are huge differences compared with a residential lease where the tenant can have very beneficial rights by statute.  On the flip side, most commercial leases contain a provision entitled “Holding Over” to address a tenant overstaying its lease term....Read More

“You don’t get what you want, you get what you negotiate”   We have all heard the phrase, but do we always heed its advice?  Many leasing transactions are done with the thought that the initial tenant improvements will be adequate for the lease term, and they usually are.  But what happens when your business requirements change and...Read More

Sometimes I sit down to write a blog thinking that I will just wax poetic about real estate and inspire myself or somebody else to come up with a great idea on how to better transact real estate.  Then the hard part comes.  Ideas, time to write, finding some interesting pictures (got to have them…)...Read More

CBRE Project Management recently gave a presentation on changes to California Building Standards Code aka “Title 24” that will take effect on January 1st, 2014. The new requirements are aimed to “reduce energy bills, increase energy delivery and reliability, and improve economic conditions for the State of California” (Hah!). Any projects that apply for permit on...Read More

Well, if your like many tenants these days you may want to bring your bathing suit to the next lease negotiation meeting… Most Full Service Gross, or “Base Year” leases used to combine all of the operating expenses (including taxes, insurance and utilities) into one expense “pool” and the tenant would be responsible for any...Read More

If you live in California you are used to new laws encumbering business seemingly everyday.  Well, this month is no different.  California has two new regulations that are supposed to take effect on July 1, 2013, the Accessibility Statute and the Energy Disclosures Regulations.  But of course, the state isn’t quite ready for the onslaught...Read More