Main menu:

Archives

Links:

Categories

THIS ENTIRE SITE © 2005-2010 GATEWAY FINANCIAL REAL ESTATE. ALL OF THE PHOTOGRAPHS HEREIN, UNLESS OTHERWISE NOTED, ARE COPYRIGHTED BY THE PHOTOGRAPHER. NO PART OF THIS SITE, OR ANY OF THE CONTENT CONTAINED HEREIN, MAY BE USED OR REPRODUCED IN ANY MANNER WHATSOEVER WITHOUT EXPRESS PERMISSION OF THE COPYRIGHT HOLDER(S).

James Pieri, Jr. of Gateway Financial Real Estate – Leasing Tip_Advice to help you level the playing field – “Your San Diego Office Broker” Tip No. #8

Get all of the Space You are Paying for!

It is surprising how quickly even small measuring mistakes can add up to big overcharges in rent. Apply BOMA standards to make sure you are getting all the space you are paying for…And have your space planner verify measurements within BOMA guidelines.  There are three (3) main types of measurements that should be clearly identified in your lease; 1) Gross SF, 2) Usable SF, and 3) Rentable SF.  Your rent is based on the Rentable SF that may or may not include a building common area core factor.

For more information about the BOMA Standards of measurement, go to:
http://www.officefinder.com/boma.html

Call our commercial real estate professionals today!  (619) 565.2400

James Pieri, Jr. of Gateway Financial Real Estate – Leasing Tip_Advice to help you level the playing field – “Your San Diego Office Broker” Tip No. #7


Leasing Tips_Advice to help you level the playing field – Tip No. 7

Put Your Emotions Away When Looking For Space.

Remember buying your first house? The Realtor® probably closed the deal by asking “So what color would you like your bathroom?” A sale is, unfortunately, an emotional thing. Once you get the buyer emotionally attached, you have them locked. Do not let that happen to you when dealing with commercial real estate, especially in todays strange and changing market. Pay more attention to utilitarian issues such as space layout, future growth, general location and economics and less on image and other emotional issues.

We are not saying image is not important, but who ever thought financial companies and large law firms would EVER move away from their ivory tower high rises into two story tilt-ups? With landlords less likely to pay for tenant improvements, you may need to either put in your own cash or live with what you have.

How would you like to be the guy who moved into the big corner office in a certain office building only to find out the “building they would never build” now blocks your view of Mt. Baldy? Funny thing, the office still functions but the view is gone. In some Far East cultures, that is a sign of a more productive environment, in fact, they prefer to put more productive people on the inside rather than have a window. While the outside of a building may not be as appealing as you would like, we have seen wonderful things done to the inside to create a great working environment. An architectural firm converting an old boat house…an ad agency converting an old Victorian.

In todays market, the key is to clearly define your usage, budget, and location. Be flexible on the rest and all will fall in place.

James Pieri, Jr. of Gateway Financial Real Estate – Advice to help you level the playing field – “Your San Diego Office Broker” Tip No. #6

Advice to help you level the playing field – “Your San Diego Office Broker”
Tip No. #6


Negotiations and Timing. We always believe it was best to have two to three options when it comes to space. Use one against the other in negotiating.

Start searches early and negotiate with a minimum of two properties and three office suite choices. Do not be afraid to say “no” and walk away. Give yourself choices!

Plan ahead. It is best to start the search process at least 6 month in advance. Three months at a minimum for you best choices that are move in ready.

Keep in mind that typical space planning, permitting and construction time take approximately 90 – 120 days. This is after the proposal to lease process and lease negotiations that on average take 30+ days. Bottom line, start early and start with a qualified Tenant Broker Representative. Call today to start your new office planning, (619) 565.2400.

GATEWAY FINANCIAL REAL ESTATE ANNOUNCES RECENT 2012 LEASE TRANSACTIONS

GATEWAY FINANCIAL REAL ESTATE ANNOUNCES RECENT 2012 LEASE TRANSACTIONS – San Diego, California (May 1, 2012) – Gateway Financial Real Estate, one of San Diego’s newest and fastest growing commercial real estate services provider, today announced their latest San Diego County Tenant and Landlord representations, listed below:

2012 – RECENT 2012 LEASE TRANSACTIONS

California Realty Network, Inc., a California Corporation leased 456 rentable square feet of office space month to month and 975 rentable square feet of office space for twenty-four (24) month’s at 4305 Gesner Street, San Diego, California 92117 from Skane Tax Solutions, LLC, a California Limited Liability Company. James Pieri, Jr. of Gateway Financial Real Estate represented the lessor in the transaction.

Rusin Realty, Inc., a California Corporation leased 555 rentable square feet of office space for twelve (12) month’s at 4305 Gesner Street, San Diego, California 92117 from Skane Tax Solutions, LLC, a California Limited Liability Company. James Pieri, Jr. of Gateway Financial Real Estate represented the lessor in the transaction.

FIRST QUARTER 2012 – RECENT 1ST QUARTER LEASE TRANSACTIONS

South Bay Pilates, Inc., a California Corporation leased 1,743 rentable square feet of retail space for sixty (60) month’s at 4388 and 4390 Bonita Road, Bonita, California from Bonita Centre, LLC, a California Limited Liability Company for $136,428.83. James Pieri, Jr. of Gateway Financial Real Estate represented the lessee in the transaction. CBRE, (Joel Wilson) represented the lessor.

Vincent Shonia, an Individual; dba: Rock’n Graphix leased one (1) private office suite for six (6) month’s at 2535 Camino Del Rio South, Suite 155, San Diego, CA 92108 from Matt Greene of 6 Degrees. James Pieri, Jr. of Gateway Financial Real Estate represented the sublessor in the transaction.

Cyber Professional Solutions, Inc. leased 1,784 rentable square feet of light industrial, warehouse space at 3441 Main Street, Chula Vista, California 91911 from Copy Link, Inc.  James Pieri, Jr. of Gateway Financial Real Estate represented the lessor in the transaction.

AASO Enterprises, Inc. and Carlos Beltran, an Individual leased one (1) executive suite office, month to month tenancy at 333 H Street, Chula Vista, California 91910 from PSM, LLC. James Pieri, Jr. of Gateway Financial Real Estate represented the lessee in the transaction. MountainWest Real Estate, Inc. represented the lessor.

Mazzarella Lorenzana, LLP, a California Limited Liability Partnership leased 2,306 rentable square feet of office space at 1620 Fifth Avenue, San Diego, California 92101 from 1620 Fifth Avenue, LLC, a California Limited Liability Company. James Pieri, Jr. of Gateway Financial Real Estate represented the lessee in the transaction. NAI of San Diego, (Josh Buchholz) represented the lessor.

Midwest Equity Mortgage, LLC leased 2,652 rentable square feet of office space for thirty-eight (38) month’s at 8105 Irvine Center Drive, Irvine, California 92618 from The Irvine Company, LLC for $238,308.00. James Pieri, Jr. of Gateway Financial Real Estate represented the lessee in the transaction. Irvine Realty Company, (Mike Vukovich) represented the lessor.

Oshitani America, Inc., a California Corporation leased two (2) executive suite offices month to month at 333 H Street, Chula Vista, California 91910 from PSM, LLC. James Pieri, Jr. of Gateway Financial Real Estate represented the lessee in the transaction. MountainWest Real Estate, Inc. represented the lessor.

J Public Relations, Inc., a California Corporation leased 3,314 rentable square feet of office space for fifty-one (51) month’s at 1620 Fifth Avenue, San Diego, California 92101 from 1620 Fifth Avenue, LLC, a California Limited Liability Company for $281,427.49. James Pieri, Jr. of Gateway Financial Real Estate represented the lessee in the transaction. NAI of San Diego, (Josh Buchholz) represented the lessor.

 

About Us

Focused on the needs of our clients, Gateway Financial Real Estate is one of the fastest growing full-service commercial real estate firms in San Diego County. With commercial and residential real estate experience since 2001, James Pieri, Jr., President and CEO, announced the opening of Gateway Financial the 2nd quarter 2010. The Company, under the guidance of its President, was inspired to launch in the city of San Diego due to the evolution and urbanization of real estate potential in one of the most desired places to live in the United States.  The Company’s team of real estate professionals truly appreciates and recognizes San Diego as ‘America’s Finest City’ and the crown jewel of the entire west coast.

“There is no better time for me, than now, to take on the challenge of the current economy and create a positive reality for today”, states James Pieri, Jr., President & CEO.

Gateway Financial Real Estate specializes in Commercial and Residential Real Estate Brokerage, Construction and Development, Marketing, Asset and Property Management throughout San Diego County and abroad. Gateway Financial offers a complete real estate solution including Tenant and Landlord representation, leasing, investment sales, asset management, market analysis, financial analysis, development and property management. The company serves all commercial property types including industrial, investment, office, medical, retail, multi-family, restaurant/fast food, and land acquisitions throughout San Diego County. For additional information about Gateway Financial Real Estate, please browse our site at www.igatewayfinancial.com and add your comments to our updated Blog page.

30 Leasing Tips in 30 days – Advice to help you level the playing field Tip No. #5

Lease Tip Number #5

Devil in the Details-Lease Insurance Clauses.

One clause in the lease that always seems beyond normal comprehension is the Insurance Clause. Even some of the best real estate attorneys simply tell their clients to have their insurance agents read the clause before signing the lease (we have been recommending that for years).

You have had your agent read the clause, you now have the insurance in place, but what is it most tenants forget? The lease probably requires you to name BOTH the landlord and their “agents” (sic. Property manager) to be named as an “additional insured.” That is standard. Then the tenant is typically requested to send a copy of the certificate to the property managers office. The big hit comes in that failure to do so can be a default on the part of the tenant. While most landlords will simply call you if they do not have the appropriate information on file, do you want to risk that? Check both your lease and your insurance policy TODAY.

For more information visit http://www.officefinder.com – The Information Source for Users of Office Space.

Contact your San Diego Broker representative today!  (619) 565.2400

Advice to help you level the playing field – Tip No. #4 – “Your San Diego Commercial Real Estate Broker”

Advice to help you level the playing field – Tip number 4

The Forgotten Part of the Lease – Rules and Regulations.  The smart tenant, the good broker, and the efficient attorney will always read the entire Lease. Not because it is fun reading but rather to understand the potential ramifications that could be set in motion should some unfavorable clause actually come into play. The key is to catch the problem BEFORE it occurs.

While everyone always reads the summary page, most read the next ten to fifteen sections, only a few get through the dry sections sixteen to infinity, few REALLY read the Rules and Regulations. After all, it is mostly non-issues like “Tenant may not have sales” or Tenant can not have pets.” Well, SURPRISE! Some of these hidden issues may actually impact you as a tenant. Read the Rules and Regulations as carefully as you do the rest of the Lease.

Can you cook in your suite? Most say you can not. Seems microwaves were not invented when most leases were first drafted. What are your building hours? If it says 8 AM to 6 PM, what happens if you want to come in early or stay late?

Read and understand the Rules and Regulations!

For more information visit http://www.officefinder.com – The Information Source for Users of Office Space.

Gateway Financial Real Estate – Call (619) 565.2400 – info@igatewayfinancial.com

Advice to help you level the playing field – Tip No. #3

30 Leasing Tips in 30 days – Advice to help you level the playing field
Tip number 3

Read the Lease (including all exhibits and regulations) Prior to Signing. Once you have worked with your leasing representative to hammer out the most advantageous letter of intent, this is the most important task. READ THE LEASE. Look for (i) standard provisions in the Lease form that would be a problem for your business (a ban on any suite signage other than the building standard, a provision that the front doors of the building are locked on Saturday and you occasionally have clients who have appointments on Saturday, etc.)

For more information visit http://www.officefinder.com – The Information Source for Users of Office Space.

30 Leasing Tips in 30 days – Advice to help you level the playing field, Tip No. #2

30 Leasing Tips in 30 days – Advice to help you level the playing field
Tip number 2

Fifteen Negotiating Tips For Tenants
1    Be prepared.
2    Know your goals.
3    Create a sense of urgency for the other party-set a deadline.
4    Know your options-have other alternatives available.
5    Do not let your enthusiasm to make a deal make you a bad negotiator.
6    Lawyers are paid to keep you out of trouble, not tell you what to do.
7    Negotiating is not about winning-it is about getting what you want.
8    Start early-allow enough time to negotiate elsewhere if necessary.
9    Identify the other parties primary issue-stand in the Landlords shoes.
10    The person who gets the most emotionally involved has the least power.
11    Incorrect assumptions are a primary cause for most failures.
12    Negotiate on your turf or neutral turf.
13    Stay open-minded, creative and flexible.
14    Be honest and direct.
15    Find out how others have fared in negotiations with the other party.

For more information visit http://www.officefinder.com – The Information Source for Users of Office Space.

30 Leasing Tips in 30 days – Advice to help you level the playing field, Tip No. #1

30 Leasing Tips in 30 days – Advice to help you level the playing field
Tip number 1

Define and Understand Your Needs Before You Start Your Search. An inability to define or understand your needs at the outset can result in a variety of problems. These include space that is not as functional as desired, a failure to meet image goals and unneeded employee morale problems. It pays to take the time to discuss the details of your needs with key employees, a real estate professional and your space planner.

For more information visit http://www.officefinder.com – The Information Source for Users of Office Space.

Letter of Recommendation – Mike Fusco President, Fusco & Orsini Insurance Services, Inc.

“James is an excellent real estate broker, which became apparent to me when he assisted us in finding our commercial space in 2010. He is punctual, professional, and hard-working. Further, he goes the extra mile to make certain his client is happy with the options presented. He represents his clients and their needs, and will do what it takes to provide the best possible lease. I would, and will, recommend James to family, friends and colleagues alike.” October 19, 2011

Mike Fusco