Rates are Going Up - 03/22/12 02:44 PM
While searching for office space in west Plano on behalf of a software development company, I noticed that rental rates have gone up considerably. Class A office buildings are now quoting rates in the upper half of the $20’s plus electric.
My favorite office building is Granite Park III which is quoting a whopping $29.50 plus electric. Many others are in the $26.00 range. Most class B buildings are over $20.00 plus electric.
So while the media is still sounding the alarm about how bad the economy is, landlords are quietly raising rental rates, reducing the amount of free rent … (1 comments)

What's the Best Business App for the iPad? - 03/19/12 12:29 PM
My lovely wife bought me an iPad 2 for my birthday at the end of February. I was so excited and spent the rest of that day playing with it, downloading apps and generally being anti-social notwithstanding the fact that we had a housefull of guests. 
After my wife complained that she had only seen the top of my head since lunch, one of our friends reminded her that it was she who had "invited Hagar into the camp." Nothing like an Old Testament reference to add hilarity to 21st century gagetry.
Was I happy with the gift? Extremely....that is until … (4 comments)

Managing Growth in Your Lease - 03/15/12 01:08 PM
Growing companies often face a dilemma when a landlord requires a 3-5 year lease. Lease only the space they need today and risk not having the space they need as they grow. Or lease more space than they need now betting on the growth that then doesn't occur.
So what to do? The best way to handle this dilemma is to sign a lease for the space they actually need now to take care of the immediate need and include an expansion provision. Expansion provisions come in a variety of forms:
Expansion Options
Rights of First Refusal (ROFR)
Right of First … (0 comments)

Is Your Corporate Real Estate Advisor Your Business Partner? And Only Yours? - 03/01/12 05:36 PM
Working with an exclusive tenant representative is the best way for commercial office tenants to be assured their company's mission is at the heart of a lease transaction. The best tenant representatives are more than just lease-to-lease brokers, they are ongoing real estate business advisors. But what happens if your exclusive tenant representative also provides landlord services or joins a full-service company? This business strategy introduces a number of serious consequences to your relationship. Namely, it raises a number of questions about how your long-term real estate strategy will be handled. Can your tenant representative assure you of business confidentiality with … (0 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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