Author: Scot Ginsburg
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Growth Spurts: What to Do When Your Company Runs Out of Space
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Are you suffering from growing pains? That seems to be the ongoing buzz these days. Companies are raising money, increasing revenues, and hiring additional people. This presents the million-dollar question: How much space should a growing company lease?
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As recently as nine months ago, large tenants scouting out space along the Interstate 15 Corridor had a wide range of choices. With a notable exception, it’s not so much the case anymore, according to panelists at a meeting on opportunities for tenants along the corridor that was held Thursday at the Sabre Springs Corporate Center. Scot Ginsburg, a tenant…
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Drive down any major street in San Diego and you will undoubtedly see signs on buildings that simply state tenants’ names. Whether a two-story headquarters or a 20-story office building , applying a company’s name to the side of a building is a popular use of otherwise empty space and is an excellent way for companies to use their real…
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Although it has been flying under the radar for most corporate real estate executives, the impending change from the US Financial Accounting Standards Board (FASB) on accounting for leases could have major impacts on company balance sheets. With these significant new financial reporting requirements scheduled for final adoption in 2011 and full implementation by 2013, companies need to be aware…
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Office and industrial tenants in San Diego County are clearly in the driver’s seat, but experts warn they had better jump on their lease renewals now, before a window closes within the next couple of years. Scot Ginsburg, predicted while it will be a tenant-favoring market in 2011, the market will become neutral in 2012, followed by two years favoring…
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Has the economy begun to show signs of recovery? While it may be too early to tell, it appears there are some signs of life. Given that job growth is the main driver for the commercial real estate market, the near jobless economic recovery may indicate some time will pass before this sector stabilizes. Most analysts project commercial real estate…
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We’ve all learned from experience that relying on a broad regional weather forecast can be less than useful when microclimate activity comes into play. For example, when scattered thunderclouds are drifting around, that forecast of “mostly sunny” for the region doesn’t mean much when a heavy rain storm drops on your kid’s soccer game. It can be the same in…
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Whether you are coming toward the end of an existing lease term and considering renewal or you’re out on the market looking for new space, it’s always a good idea to understand the needs and motivations of potential landlords. It’s also important to realize that the objectives of landlords and their lenders are not always aligned and are often subject…
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All variables being equal, prudent financial managers no doubt would borrow funds at 7 percent rather than 9 percent. So when it comes to the $200 billion financing market for tenant improvements (TI), why do risk managers and corporate real estate executives continue to allow landlords to earn outsize returns when alternative financing is available? The debt capital markets, where…
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Until recently tenants rarely worried about the performance and stability of their landlord. Times have changed. Cabi Developers was one of the first institutional real estate investment groups that purchased a southern California real estate portfolio from Arden Realty at the market peak, only to give the keys back to their equity partners about 18 months later. This debacle sent…
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During the worse of the financial turmoil last year, there was a widespread consensus opinion among many financial experts that a massive wave of commercial loan defaults was inevitable. Based on previous experience, it appeared likely that the huge wave of defaults and foreclosures already happening in the residential real estate markets would be followed by a similar collapse in…