California Wildfires: Commercial Property Losses The recent Southern California wildfires commercial property losses have led to substantial financial losses for owners. As of January 30, 2025, estimates suggest that insured losses from these fires could exceed $20 billion, potentially setting a new record for wildfire-related insurance claims in U.S. history. Impact on Commercial Property Owners The California wildfires commercial property losses have resulted in immediate financial setbacks due to business interruptions. For…
Lee & Associates Launches Commercial Property Management Div
Lee & Associates Launches Commercial Property Management Division Lee & Associates Pasadena Expands Its Footprint in Commercial Property Management December 11, 2024 Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the addition of a property management division to its Pasadena, California office. The team will serve Southern California’s Los Angeles, Orange, and San Bernardino regions. Their expertise spans multiple commercial asset classes, including office, mixed-use, retail, multifamily,…
Strategies for Commercial Tenant Retention
Strategies for Successful Commercial Tenant Retention Implementing strategies for successful commercial tenant retention is a critical component of property management. It directly impacts profitability and long-term stability. By focusing on keeping high-quality tenants satisfied, property owners can ensure a reliable income stream, minimize turnover, and create a thriving business environment within their commercial spaces. It reduces the costs associated with high turnover, such as advertising, repairs, and tenant screening. This guide explores the…
Maximize Opportunities in Commercial Real Estate Market Cycles
How to Maximize Opportunities in Commercial Real Estate Market Cycles How to Maximize Opportunities in Commercial Real Estate Market Cycles begins with understanding the cyclical nature of the commercial real estate market, which has a profound effect on property values, investment opportunities, and market dynamics. For investors, developers, and business owners, gaining a comprehensive understanding of these cycles is essential to maximizing property value and strategically allocating capital in alignment with their investment…
Hire a Professional Property Manager
Why Hire a Professional Property Manager … Commercial Property Owners Are On To Something Managing commercial properties is no small feat. As a property owner, you balance financial performance, tenant relationships, maintenance, compliance, and so much more. In today’s fast-paced market, handling these responsibilities in-house can quickly become overwhelming. It may prevent you from achieving your full portfolio potential. This is where hiring a professional property manager can make a world of difference….
Boost Retail Center Profits
3 Ways to Boost Retail Center Profits & Attract NNN Tenants …and How a Property Manager Can Help Boosting retail center profits & attracting NNN tenants is crucial for running a successful retail shopping center. As a professional commercial property manager, I know that it requires more than just filling vacancies. It’s about maximizing profitability while maintaining a thriving tenant mix. Attracting national NNN (Triple Net Lease) retailers and driving foot traffic are key…
Due Diligence in Commercial Real Estate
Essential Due Diligence for Successful Commercial Real Estate Investments Essential Due Diligence for Successful Commercial Real Estate Investments begins with an understanding that unexpected discoveries can significantly impact projects. In 1992, workers halted construction on a high-rise in Los Angeles after they uncovered the bones of ancient mammoths and other Ice Age animals beneath the site. This excavation took place at the future location of the Metro Purple Line extension, near the La Brea Tar…
Boost Office Building Profitability
Boost Office Building Profitability …and Why a Property Manager Is Essential Boost Office Building Profitability and see significant improvements in your bottom line through small yet impactful changes. As a professional commercial property manager, I’ve witnessed firsthand how these adjustments can substantially increase overall revenue and enhance operational efficiency. Whether you’re an investor or a landlord, there are key strategies to enhance your office building’s income while reducing expenses. Here are the top five…
Choosing a Commercial Property Management Company
Choosing a Commercial Property Management Company The Value of Local Knowledge in a National Firm Choosing a Commercial Property Management Company is critical to protecting your investment and maximizing its value when managing your commercial real estate portfolio. A well-chosen firm can handle the complexities of day-to-day operations. A property management company handles tenant relations, and financial management, allowing you to focus on strategic growth. However, the property management landscape is vast, so…