IN THE WORKS

As a business owner, finding the perfect commercial space is crucial to the success of your business. However, navigating the lifecycle of a commercial lease can be cumbersome and confusing, especially if you're managing multiple leases. From acquisition to operations, there are many departments and processes to consider when managing commercial lease agreements. That's why we've put together a comprehensive guide to help you navigate every step of the commercial lease lifecycle. In this guide, we'll cover everything from occupancy cost auditing to tenant improvement allowances. Whether you're a new business owner or a seasoned entrepreneur, this guide will help you make informed decisions and ensure that your commercial lease is a valuable asset to your business. So, let's dive in and explore the ins and outs of navigating the lifecycle of a commercial lease.

Post #2 in our series, In Development - Realistic Roadmap to Leased Location Sustainability

Most professionals are diligent about posting meetings and conferences on their calendars. Beyond options and expirations, however, few people have a systematic method for tracking and managing timely lease-related action items.

For restaurant and retail chains juggling leased locations, the specter of ASC-842 looms large. This complex accounting standard, demanding comprehensive lease recordkeeping, often triggers groans and late-night spreadsheet sprints. But what if the real culprit behind your ASC-842 woes isn't the standard itself, but the disconnect between your lease administration and accounting departments?

Savvy business owners are increasingly relying on lease administration software to help keep track of their properties. But in the sea of real estate–management platforms, how does a business operator know which is the right fit?

The ICSC Law Conference's panel, "Accelerating Technology in Lease Reviews: Demystifying the Miraculous," delivered valuable insights, highlighting four pivotal takeaways with concrete examples:

A look ahead to This Year’s Restaurant Finance and Development Conference: Introducing Property Works' New Transaction Support Services As you gear up for the Restaurant Finance & Development Conference, there's something special cooking at Property Works. We're thrilled to introduce our brand-new Transaction Support Service, tailored for operators acquiring new locations and private equity groups acquiring new portfolios. This innovative service is designed to streamline post-closing integration, making the process smoother and more efficient than ever before.

5 Best Practices to Build a Real Estate-Driven Multi-Unit Company In the landscape of multi-unit businesses, real estate should be more than just a supporting player – it should be woven into the very fabric of your organization's decision-making process. Real estate acts as the vital thread connecting all activities beneath the real estate umbrella to your management's overarching goals. In essence, it becomes the primary tool for achieving your company's mission.

Maintaining real property data and complying with real estate tax bills can be a complex process for companies. In many cases, bills may not be received from jurisdictions, leading to potential penalties. To help businesses avoid pitfalls and maximize savings, we've compiled "The Ultimate Checklist for Real Estate Tax Bill Compliance."

Centralizing project management is a crucial aspect of successful development projects, especially in the retail construction industry. With a well-organized system, it is easier for teams to collaborate, track progress, and ensure timely completion of projects. This article discusses the importance of centralizing project management during the development stage of retail construction projects, such as new builds, remodels, and scrape and rebuilds. We will cover the significance of the Letter of Intent (LOI), the use of Project Management Software like Property Works, and the various permits involved in the construction process.