frisco: Business Grows in Frisco
- 06/25/13 01:05 AM
Candace Carlisle of the Dallas Business Journal covers the Con-way Multimodal office expansion in Frisco. At nearly 10,000 square feet, Con-way increases its footprint at Hall Office Park! Now is a great time for expanding business as the economy (especially in the Dallas/North Dallas area) picks up. As one of the fastest expanding economic markets, it’s not surprising that businesses in Dallas, Plano and Frisco need more space! Many companies are reluctant to expand in a down economy. Even though their business may be doing well, they question if it’s sustainable when so many other businesses are weakening. So it’s good … (0 comments)
frisco: Construction Starts in (One of) My Favorite Parks!
- 04/17/13 05:27 AM
One of my favorite office parks, Granite Park at the Tollway and Highway 121, broke ground on a new building. The Granite Park development team shared concept drawings for the upcoming 300,000 SF office building and adjacent conference hotel. Looks like a pretty stylish, modern place to do business. Granite Park IV is scheduled to be finished with construction in the mid-2014. I can’t wait to see what it looks like when it’s finished and possibly negotiate some leases for the building’s first tenants. Check out the Dallas Business Journal’s article and slideshow of the building designs here. … (0 comments)
frisco: Office Leasing Booms in Third Quarter
- 09/27/12 08:13 AM
According to the latest stats from Cushman & Wakefield as reported by D Real Points, net absorption of office space n the DFW area for the third quarter alone is a positive 2 million square feet. That's incredible. Net absorption is the net change in occupied space. If the total occupied space goes from 300 million square feet to 302 million square feet, that would represent 2 million square feet of positive absorption. This is the best indication of market demand for office space. Overall leasing activity (total leases signed) was over 10 miilion square feet, but much of that was renewals … (0 comments)
frisco: Speculative Construction is Back in Plano...despite area vacancy
- 09/17/12 01:47 AM
Crains are popping up on the skyline of Plano again. And this time it's for construction of new office buildings instead of bridges. There are currently 7 office buildings under construction in Plano totaling 959,591 square feet (SF). All of these buildings are in west Plano where we have seen rental rates rise dramatically in the last year. That is also the area where it is increasingly difficult to find large blocks of space available. Interestingly, it's also hard to find small space under 5,000 SF. Three of the buildings are build-to-suits for large users - Encana Oil & Gas, Tyler … (1 comments)
frisco: Will Technology Replace Tenant Rep Brokers?
- 08/29/12 02:34 AM
That's the basic question being asked in a Wall Street Journal article yesterday. It's an interesting idea and one that has been asked many times before. In fact, the question has been asked for virtually every industry in the last 200 years. I am a tenant rep in the Dallas area focused on Plano, Frisco, Richardson, Addison, and Far North Dallas. So it's important that you know that up front - full disclosure. I am a little biased. Technology usually works best when applied to a series of repetitive tasks or the collection of data. It's great at increasing the speed at … (2 comments)
frisco: Knowledge is POWER!
- 08/15/12 01:01 AM
The more imbalanced the knowledge in a negotiation, the more the side with greater knowledge can take advantage of the other side. So many times in life we try to do something ourselves because we're too cheap to pay an expert. That's why the floor tile is crooked in my bathroom and the faucet at the kitchen sink is loose. Sure I can do it, but can I do it well and without a lot of education and practice. It's the same in business. What am I doing myself that I should be paying someone else to do? Website? Marketing? … (0 comments)
frisco: Specialist or Generalist? What is Your Agent?
- 08/13/12 06:24 AM
Several years ago I was talking to a friend in Austin and mentioned that I had sold my house in Dallas as a For Sale By Owner (FSBO). He was surprised that it was possible to buy or sell a house without a residential real estate agent. I was shocked that he didn't know he could trade real estate without a broker - however ill-advised that might be. Brokers can only negotiate the sale or purchase of a house, right? Aren't they all the same since they have access to the MLS? Even though I've been in the commercial real estate … (1 comments)
frisco: Tenant Rep Advantage - Information
- 07/16/12 12:23 AM
One of the most important things that a tenant representative can provide is information. Unlike residential real estate which uses the MLS (multiple listing service), commercial real estate uses several databases including Costar, Xceligent, LoopNet, CityFeet, CommercialSource, and others. Some of these are best for finding space for lease while others are better when buying a property. Some are available only in certain cities. Knowing where to find information that is appropriate to a particular client's needs and then how to analyze that information is the real value of an experienced tenant representative or Corporate Real Estate Advisor. The information in … (0 comments)
frisco: Help! I’m Running Out of Space
- 07/09/12 11:46 AM
You’d be amazed at the number of commercial tenants that run out of space well before their lease term runs out. There are few things that are more chaotic to a business operation than having to work out of multiple locations because of poor planning. That’s why it’s vital that you plan for your growth before you start looking for space. There are three keys to ensuring that you don’t run out of space before you run out of lease term. The first key is to conduct a comprehensive needs analysis. And while this might seem obvious, the real question … (0 comments)
frisco: Confessions of a Recovering Landlord - My UVP
- 04/26/12 02:06 AM
The name of my blog has changed. It used to be called The REATA BizBlog because that name combined the name of my company with the fact that it's a blog about business. Makes sense. But then I was at a networking function a few months ago and I opened my introduction with "Hi my name is Bob and I'm a recovering landlord" clearly spoofing Alcoholics Anonymous. There was no intent to make fun of AA, of course. But it seemed to really spark a reaction in people. They seemed to chuckle and then pay more attention to what I said … (0 comments)
frisco: Direct Mail - Contrarian Marketing?
- 02/07/12 02:23 AM
I am somewhat of contrarian. If everyone agrees on something, I'm usually the one to take the opposing view. If I'm talking to my politically right-wing family, for example, I tend to bait them with the obvious benefits of universal health care, legalization of drugs and illegal immigration. If I'm with a bunch of left-wingers, on the other hand, I've been known to advocate the death penalty, abolition of the entitlement programs which keep the poor in their place, and deregulation of business. It's healthy to have an opposing thought occasionally just to make sure you aren't falling into the trap … (4 comments)
frisco: Marketing 101 - Know Thy Ideal Referred Client
- 01/05/12 01:47 PM
Most of my business comes from referrals. From past clients. From members of networking groups of which I'm a member. Occasionally, from other real estate agents - both commercial and residential. Referrals are great. I rarely have to compete with other brokers for the business because the prospect already knows I'm qualified, competent and trusted. So I'm clearly a great fit for them. But are they a great fit for me? Watson, we have a problem....maybe. As a Corporate Real Estate Advisor or tenant representative, I represent companies which lease commercial space for their company use. My ideal client is a … (5 comments)
frisco: What Causes Sales?
- 12/02/11 03:22 AM
Yesterday, I attended a sales seminar put on by Chuck Bauer (www.chuckbauer.com). Chuck is a nationally recognized sales trainer and coach who has worked with some of the largest financial institutions in the country. He asked the question, "What Causes Sales?" The audience threw out lots of suggestions, but no one got the answer he wanted. Qualified Appointments! That's what causes sales. Notice he didn't say "Appointments." He didn't say, "walking into an office to drop off a brochure for someone I think should be interested." He didn't say, "leaving messages." He said, "Qualified Appointments." As you know, I am a … (0 comments)
frisco: What's Your Real Estate Agent's Specialty? Should You Care?
- 11/18/11 03:14 AM
Several years ago I was talking to a friend and mentioned that I had sold my house as a For Sale By Owner (FSBO). He was surprised that it was possible to buy or sell a house without a residential real estate agent. I was shocked that he didn't know he could trade real estate without a broker - however ill-advised that might be. Brokers can only negotiate the sale or purchase of a house, right? Aren't they all the same since they have access to the MLS? Even though I've been in the real estate business for over 27 years … (1 comments)
frisco: Voice Broadcasting - Is This a Good Idea?
- 09/28/11 04:16 AM
Just a couple of months ago I told my wife that it would be great if a service were available which called a group of people and left them a voice message. If someone actually answered the phone, the call would hang up. This way you could leave a message to clients or prospects in bulk without having to actually call each one.
Well I just got an email this morning from Jim Gillespie who is a commercial real estate coach in which I found out that is now actually available. It called Voice Broadcasting. This could be a … (2 comments)
frisco: Top Tips for Negotiating Commercial Leases - #12 Get a New Base Year on Renewal
- 04/11/11 10:57 AM
Many companies renew their leases without engaging a professional tenant rep. Their logic is usually something like, "I know my landlord and trust him. We have been in the building for years so I don't see any reason to get a tenant rep involved and potentially get in the way of that good relationship. Besides, maybe the landlord will give me a better rental rate if he doesn't have to pay a commission." That sounds logical, but in 27 years in the business I have never seen that actually work out to the tenant's advantage. Even in situations where the landlord … (0 comments)
frisco: The Office Market will Turn Around - Now What?
- 03/30/11 02:03 PM
I have been in the commercial real estate business for 27 years so I have seen a few cycles. One thing is certain, whatever things look like today, they will look totally different in a little while. So while landlords have been suffering in this economy, it has been great for tenants who are enjoying lower rental rates and free rent. While no one knows exactly when things will change, there is general agreement that the tide will turn back to the landlord's favor within the 18 months. So what should a tenant do now? Well, if you are in a … (2 comments)
frisco: Top Tips for Negotiating Commercial Leases - #10 Engage an Attorney
- 03/09/11 06:31 AM
You wouldn't go to court without an attorney, but you are likely to end up in court a lot faster if you don't engage an attorney when drafting legal documents. More importantly, if you don't use an attorney when negotiating the lease language, your lease will be one-sided and heavily weighted to the landlord's advantage. Leases are generally written by landlords and you have to use the landlord's form or they won't lease you the space. Only in rare situations with extremely large companies will landlord's agree to use a lease form of the tenant's chosing. So engage an attorney … (0 comments)
frisco: Top Tips for Negotiating Commercial Leases - #9 Talk to Other Tenants in the Building
- 03/02/11 12:05 PM
Okay, so you found a building you really like and you have negotiated what you think is a pretty good deal....or your tenant representative has done that for you. So now you are ready to charge forward with the lease itself so you can get the construction done and move in. Right? Wrong. You should talk to some of the other tenants in the building. Or at least be sure your tenant rep does. It’s important to know what the current tenants think of the building and the landlord. How are they being treated? How does the landlord maintain the … (1 comments)
frisco: Top Tips for Negotiating Commercial Leases - #8 Never Talk to Your Landlord Again
- 02/21/11 06:18 AM
If you are sued and you hire an attorney to represent you, who does the talking in the courtroom? Would it make sense for you to call the plaintiff's attorney or even the plaintiff directly to discuss the case? The answer is obviously no. It’s the same in any negotiation in which an agent or intermediary is hired by a principal. You can't successfully negotiate if there are multiple people contacting the other side. Not everyone would have the same information when needed. So it's important that your tenant representative (corporate real estate advisor) be the single point of contact for … (0 comments)
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.
Candace Carlisle of the Dallas Business Journal covers the Con-way Multimodal office expansion in Frisco. At nearly 10,000 square feet, Con-way increases its footprint at Hall Office Park! 
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