The Commercial Real Estate Industry lost a lion this week. Bill Lee passed away peacefully on April 5, 2021 surrounded by family. We are deeply saddened by our loss but grateful that Bill suffers no more and is with the Lord. Many of you knew Bill, transacted deals with him, and had great respect for his prowess. In honor of the life Bill led and the impact he had on our business - I revived a column I wrote in 2019 in his honor. Rest well my friend!
Friday, April 30, 2021
How to Become a Commercial Real Estate Legend? Simple! R.I.P. Bill Lee
The Commercial Real Estate Industry lost a lion this week. Bill Lee passed away peacefully on April 5, 2021 surrounded by family. We are deeply saddened by our loss but grateful that Bill suffers no more and is with the Lord. Many of you knew Bill, transacted deals with him, and had great respect for his prowess. In honor of the life Bill led and the impact he had on our business - I revived a column I wrote in 2019 in his honor. Rest well my friend!
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How to Become a Commercial Real Estate Legend? Simple! R.I.P. Bill Lee
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orange county commercial real estate
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SIOR
Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, April 23, 2021
5 Random Commercial Real Estate Thoughts
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Well, we are clipping along at warp speed - three months of 2021 in the books. But, occasionally, several issues burden my in-box. Therefore, please consider this column a “spring cleaning” of sorts.
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Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, April 16, 2021
Is the Grass Greener?
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Much has been written about businesses vacating California. One “catcher’s mitt” state has even coined a phrase - “Texodus” - to describe companies bolting California for the Lone Star state of Texas. Catchy indeed. Another city has erected a mock Statue of Liberty on its strip - “give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore...”. Who knew that would be applicable to enterprise seeking asylum from California in a business friendly environment. Finally, governors are racking up frequent flyer miles traveling here to recruit our manufacturing base. The promise of economic incentives, cheaper houses, and smaller tax burdens lure our local operations to consider an out-of-state move. But is the grass really greener?
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Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, April 9, 2021
10 Things to Seek in Lease Negotiations
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As commercial real estate professionals - a portion of our day is consumed negotiating leases. These can be renewals - someone stays put; or new deals - which are triggered by a relocation. Depending upon your specialty, up to 90% of your time is spent in lease endeavors. Compare this to a residential agent and you find the opposite - 90% in the sale of homes vs the lease of homes. So, with so much of a commercial real estate broker’s bandwidth filled with lease conversations - we get pretty good at the “ask”. In other words, what to seek from a landlord. If you find yourself in the midst of such a back and forth - consider the points below.
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Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
Friday, April 2, 2021
Shortage of Inventory? No Problem
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There is an acute lack of available buildings for lease and sale in Orange County and the Inland Empire. In most cities and size ranges, 98 to 99 of every 100 spaces is occupied. The culprits? Lack of new construction, exponential growth of industrial operations, and increased competition from well funded investors. In short, demand outstrips supply and has for several years. This time last year - when a pandemic fueled pause persisted - we believed the end to shortages was finally near. But alas, in June of 2020, the turbo charged appetite for manufacturing and logistics locations voraciously returned.
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Allen C. Buchanan
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Lee and Associates
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Shortage of Inventory? No Problem
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SIOR
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unsolicited offers
Orange, California 92865
1004 W Taft Ave #150, Orange, CA 92865, USA
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