Contractors use a lot of commercial construction-specific terminology when talking to landlords and tenants. Language that makes complete sense to architects and builders but confuses anyone outside of the industry. Especially first-timers who haven’t dealt with construction for tenant or leasehold improvements before. “Interior build-out” is one of those terms. In this blog post, H.W. […]
Ideally every commercial renovation project would run as efficiently and smoothly as possible. There’d be no delays or unexpected added costs. But, in reality, there are multiple factors that could negatively impact any commercial remodeling schedule. In this post, H.W. Holmes, Inc. – a commercial renovation company servicing Los Angeles, Ventura, and Santa Barbara counties […]
Office design today plays an integral role in a company’s branding, success, and growth. Modern offices have evolved from the days of soul-sucking high cubicle walls and horrible fluorescent lighting. The workplace today is all about experimentation and breaking from tradition. Today’s employee can be as nomadic as they choose to be – thanks to […]
Tenant improvement allowances (TI allowances) are a significant expense for landlords. Customizing even a smaller space can often cost a landlord up to six figures. As with anything carrying that kind of price tag, a lot gets said about the true value or worthiness of tenant improvements. Some of what gets said simply isn’t true. […]
Tenant improvement allowances (TIAs) are greatly misunderstood. A TIA isn’t a cash advance. It’s an agreement between the landlord and tenant where the tenant gets reimbursed for any tenant improvement construction needed. The intent of this type of tenant build-out is to customize a space for their use. The caveat, however, is certain conditions must […]
Ask For a Cash Allowance Before a TI Allowance
Although they’re basically the same thing, there is one key difference. With a TI allowance, a tenant will usually have to first pay the contractor out of pocket. When construction is complete, they present the landlord with receipts and they’re reimbursed whatever they paid out.
With a cash […]
HOW MUCH WILL A LANDLORD PAY TO HELP CUSTOMIZE A SPACE FOR YOUR USE?
When you’re shopping for a commercial space, very rarely will you come across a location that’s seemingly tailor-made for you and move-in ready. Maybe it’s a great location but the interior hasn’t been upgraded since the 90s? Maybe a wall needs to […]
The cost of restaurant renovation can vary significantly based on the scope of the project. For instance, are you opening a restaurant in the location of a former restaurant already equipped with a functional kitchen, electrical, and gas or will you be starting from scratch with your restaurant? Where is it located? What quality of […]
Heavy rains are in the forecast. Los Angeles and Ventura country residents, fresh from the devastation that was the Woolsey fire, are now faced with the possibility for mudslides, rockslides, and debris flowing down from the burn area’s fire-scarred slopes. Downed power lines and water main breaks are possible. As are ripped up trees crashing […]
The Woolsey fire ignited on November 8th, 2018. Home and commercial property owners in Los Angeles and Ventura counties have been through wildfires before. However, the Woolsey fire was particularly destructive. Over 96,000 acres of land burned. The fire destroyed 1643 structures and temporarily forced 295,000 homeowners out of their homes. At least 3 […]