Hold Over - Costly, But Easy to Avoid - 06/26/08 10:53 AM
 
You signed a lease for an office for your company a few years ago, but it will expire in a couple of months. You really want to either move or at least do a market study to be sure that you get a fair deal if you stay and renew.  There is other vacant space in the building so you are sure your landlord won't mind if you stay a little longer than the expiration date.
Everything is working out until you receive a letter from your landlord a couple of weeks after the lease expired.  It says that … (2 comments)

How to Market Commercial Properties for Lease - 06/19/08 11:02 AM
I recently saw an email from a guy in Knoxville, Tennessee asking about how to market an office building for lease which hadn't been built yet.  He had received a lot of advice about how he should canvass all the businesses in the area, mail flyers to the businesses, and generally waste his time in other creative and wasteful ways.
Here is the advice I gave him:
"Knoxville is probably like most other cities in America where 90% of new tenants in office buildings are represented by a corporate real estate advisor (tenant rep broker).  Therefore, it makes much more sense … (0 comments)

Estoppel - Do You Need a Medicated Cream to Clear It Up? - 06/19/08 10:03 AM
 
Estoppel.  Sounds like a medical condition you don't want to talk about in polite company.  Or something you'd need a medicated cream to clear up.  Think of the embarrassment of checking out at the grocery store when the cashier gives you that knowing smirk.
But an estoppel is really nothing to fear or worry about.  It's actually just a document signed by a tenant at the request of a landlord which confirms the terms of the lease and that they are in effect with no default by either party. So it simply says that the lease is still in effect and … (1 comments)

Subleases in Plano and Far North Dallas - 06/13/08 02:36 PM
 
We have just added a new page to our website which features listings for the excess space which our clients no longer need.  These properties may be for sublease or sale.  The current inventory includes a 2,226 square foot office condo in Plano near Coit & Legacy, a 1,442 SF retail store in Plano at 15th & Custer and a 2,115 SF class B office space on The Tollway in Far North Dallas.
 
If you know of a company which needs inexpensive space, please go to our website at www.ReataCommercialRealty.com and click on the Properties menu option to see … (0 comments)

Fame or Friendship - Which Do Clients Value the Most? - 06/01/08 01:44 PM
I came across the following quiz and thought it put things in perspective fairly well.  I don't know who the author of this was, but I like it.  Your thoughts?
Take the following quiz:
1. Name the 5 wealthiest people in the world2. Name the last 5 Heisman trophy winners.3. Name the last 2 winners of the Miss America contest.4. Name 10 people who have won the Nobel or Pulitzer prize.5. Name the last 6 Academy Award winners for best actress.6. Name the last decade's worth of World Series winners.
How did you do?  The point is, none of us remember all the headliners of yesterday. … (3 comments)

 
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Bob Gibbons

Plano, TX

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REATA Commercial Realty, Inc.

Address: 1211 E. 15th Street, Plano, TX, 75074

Office Phone: (972) 468-1946

Cell Phone: (972) 984-8580

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Anything and everything related to corporate real estate - a company's use of real estate. This is usually a company's lease or purchase of office, warehouse or retail space.


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