Have you Reviewed the HVAC Clause in your Lease?

air-conditioner-1185041_960_720When was the last time you reviewed the HVAC language in your office or industrial lease? With summer just around the corner, you should know what you are responsible for and what your landlord is responsible for in the event of a malfunction or replacement.

Some commercial leases, especially in single-story flex office or ...

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5 Most Common Mistakes Made when Leasing Office Space

1. Time – Taking a proactive approach and allowing for adequate time gives tenants the opportunity to explore the market, negotiate your lease, construct your tenant improvements and coordinate your move. Many tenants fail to understand the length of time it takes to negotiate a new lease or renew an existing lease and lose leverage by waiting until the last minute.  This process should begin 12-18 months before your lease expires.  This allows the tenant to ...

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What’s New Around Town: The Stitch

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Have you heard about The Stitch? This cutting edge project is a plan proposed by Central Atlanta Progress & Atlanta Downtown Improvement District to reconnect Midtown & Downtown Atlanta. The goal would be to create new commercial & residential developments in the north part of Downtown. The Stitch would also create new public spaces for events, further reconnecting Midtown and Downtown Atlanta.

The ...

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What’s New Around Town: Mercedes-Benz Stadium

img_9547The Braves aren’t the only professional Atlanta sports team getting an upgraded stadium – the Falcons will be moving to the Mercedes-Benz Stadium next season. Project Manager Darden & Company is leading the development of the new stadium, which is replacing the Falcons current home. The Georgia Dome was built in 1992 and is host to many yearly events, ...

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What’s New Around Town: State Farm Campus

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Along with Mercedes-Benz, central Perimeter has another large corporate campus under construction. State Farm is in the process of building a new campus at the intersection of Hammond Dr NE & Perimeter Center Pkwy NE. The new campus, to be built in two phases, is led by Dallas-based developer KDC, architecture firm Cooper Carry & Associates, and general contractor Holder ...

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What’s New Around Town: Mercedes-Benz USA Headquarters

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On January 5, 2015, Mercedes-Benz USA announced that its headquarters would be moving to the Glenridge Hall site in Sandy Springs, GA. Last week, they finally broke ground on the $93 million project with a goal of completion by early 2018. CEO Steve Cannon has said that “the Sandy Springs location will help the company tap into ...

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What’s New Around Town: The Battery Atlanta

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No doubt you already know, but there’s a new ball park coming to town. Developer Jones Lang LaSalle (JLL) has undertaken the massive project to replace the downtown Braves Stadium, Turner Field. Turner Field was constructed for the 1996 Olympics and was only meant for use during the Olympics and Paralympics; however it served as the home of the Braves ...

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How will the lease accounting changes affect your balance sheet?

FASB-Reg_Use_100dpiAre you prepared? You may or may not be aware that The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are changing the lease accounting that will create some work for corporations to be compliant. Basically, the recommendations will create more assets and liabilities on both public and private corporations’ balance sheets.

The new standards will greatly affect how leases ...

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