Cell phone providers like T-Mobile or Sprint will sometimes pay a prospective customer's cancellation fee to get them out of their current deal and into a new contract. Auto dealerships often have "No Money Down!" promotions. These are called incentives. In commercial real estate, a tenant improvement allowance (TIA) is a similar type of incentive. [...]
A tenant improvement allowance (TI allowance) typically sounds great when first presented. The landlord agrees to reimburse the tenant a portion of the costs of any improvements or buildouts needed for them to move into a space. However, be cautious prior to signing a lease and binding yourself to TIA terms. Tenant expectations often differ [...]
Disclaimer: H.W. Holmes, Inc. curates this monthly summary of commercial construction and development news in and around Los Angeles, Ventura, and Santa Barbara, CA. We have no association with any of these developments unless specifically stated. BISNOW PANEL LOOKS AT THE STATE OF LOS ANGELES RETAIL MARKET BISNOW hosted a Los Angeles State of the [...]
This month we look at the opening of PizzaRev's 41st location in Thousand Oaks, planned commercial development at the 26-acre LA Time's printing plant near the Arts District, and spotlight Ventura County office suites at Moorpark's Condor Corporate Center. 41st Pizza Rev Opens in Thousand Oaks, CA Thousand Oaks is the latest California neighborhood to [...]
The upswing in Los Angeles commercial construction and development is especially noticeable in the once-industrial and gritty LA Arts District where yet another new mixed-use development is planned. 676 South Mateo St - Google Maps The Los Angeles' Arts District continues to be a hotbed for proposed development and Los Angeles commercial construction projects. [...]
As a service to our website visitors, H.W. Holmes, Inc. will be curating a monthly breakdown of Ventura, Santa Barbara, & Los Angeles commercial real estate and construction news. Rexford Industrial Acquires Five-Building Industrial Complex in Orange County Rexford Industrial recently announced the acquisition of a 5-property industrial complex in Orange County for $40.1 million. [...]
