The KNOG
Subleasing, Subtenants, and Sub-Optimal Lease Durations
Subleasing, Subtenants, and Sub-Optimal Lease Durations When looking for short-term space, a sublessor’s interests compete against the interest of its potential landlord. I’ve been working with a client who has been seeking a lease for a short term (i.e. under two...
The Impact of Autonomous Cars on Real Estate
The Impact of Autonomous Cars on Real Estate Deloitte, the accounting and consulting firm, recently gave a presentation on the impact of autonomous or self-driving cars on the automobile industry, the transportation industry, and infrastructure. In order for this...
Revitalizing a Small Town on the Micro and Macro Levels
Revitalizing a Small Town on the Micro and Macro Levels As part of a program called the Counseling Corps that is sponsored by the Counselors of Real Estate (“CRE”), we periodically volunteer for nonprofits and municipalities, or other religious, educational, and...
Technology Takes the High Road in Warehouses
Technology Takes the High Road in Warehouses Technology has improved the way warehouses and delivery trucks deliver. Recently I met with some clients who were in the market for a warehouse space. Normally, when discussing a space, the client’s greatest concerns...
Who Is Responsible for Snow Removal?
Who Is Responsible for Snow Removal? After Winter Storm Jonas (more popularly known as Snowmageddon 2016), New York City had 2.5 to 3 feet of snow in places. It was hard not to notice that some patches of sidewalk were shoveled while others weren’t, requiring...
Introducing David Valdez
Introducing David Valdez Goldman Sachs alum David Valdez officially joined Mohr Partners as a Managing Director last month to support our mission of advising our clients to navigate the complex world of New York City commercial real estate with our strategic...
Interest Rates: Too Low for Too Long
Interest Rates: Too Low for Too Long Recently, there was an article in Bloomberg News entitled Negative Rates Hit Global Shipping Market. The article details remarks from Nils Smedegaard Andersen, CEO of shipping giant A.P. Moeller-Maersk (“Maersk”). Andersen makes a...
The Importance of Teamwork in Lease Negotiations
The Importance of Teamwork in Lease Negotiations When an entity is in search of a new space for its operations, there are some key players who make the deal happen. I happen to be a licensed attorney in New York State, but in my role as a tenant representative, I am...
As the Economy Stumbles, Subletting Soars
As the Economy Stumbles, Subletting Soars Last year I had the pleasure of representing a foreign client who wanted to find a retail space. One of the storefronts we were considering was adjacent to a large corner unit that was leased to an accessory unit of a world...
What’s in Store for 2016?
What’s in Store for 2016? Many financial advisors tell their clients that past performance does not guarantee future results. While they make a good point, they ignore the reason there are so many predictions and forecasts out there: It’s fun. That is why I was glad...
Keeping an Open Mind in the Rental Market
Keeping an Open Mind in the Rental Market It’s a presidential election year, and while that often has implications for markets, it is also a useful insight into people’s thinking. Politics engenders passion, so what we often see are people entrenched in their...
Minority Shares: It’s Complicated
Minority Shares: It’s Complicated There is seemingly an infinite number of ways real estate is owned and sold. In most cases, the owner of real estate has a deed for a property, and when the property sells, the deed is transferred to the new owner in exchange for...
New York City’s Sprinkler Law: A Crash Course in Capital Improvements
New York City’s Sprinkler Law: A Crash Course in Capital Improvements If a new building department regulation goes into effect subsequent to the signing of a lease, either the tenant or the landlord has to comply with that regulation. In most cases, the landlord...
Tenant Representative Brokers Build Relationships on Foundations of Trust
Tenant Representative Brokers Build Relationships on Foundations of Trust Recently, I attended a networking event that brought up the topic of how our clients perceive us. They framed the discussion around three questions: How do your clients perceive you? What makes...
Why You Should Consider Having an Exclusive Broker
Why You Should Consider Having an Exclusive Broker Prospective tenants are often resistant to hiring an “exclusive” broker. They feel that if they hire just one company, they're not going to get to see the breadth of the market and that by dealing with multiple...