A Matter of Timing
SITUATION – Years Ahead
Although Baker & McKenzie’s lease wasn’t due to expire for several years, the Blanca team provided an update on market conditions and the landlord’s vulnerable position, recommending that renewal negotiations begin immediately.
STRATEGY- Create Competition
We led and managed a strategic process which, due to the long period of time until lease expiration, initially met with lukewarm responses from many landlords. However, the Blanca team persevered, creating effective competition for Baker & McKenzie’s tenancy.
RESULTS – Early Bird Catches the Worm
The client was delighted as the Blanca team successfully negotiated:
- An early recast extension of lease, reducing occupancy expense by 15%.
- Concessions including free rent; flexibility to expand, contract and terminate lease, and; cash allowance for renovations.
MIAMI QUIETLY RECLAIMS ITS CRYPTOCURRENCY CROWN AS MARKET SIGNALS POINT TO PROMISING COMEBACK
/in In the news /by Geraldine GonzalezMEDIA CONTACT: Levy Public Relations Full Article The Magic City could soon be better known as the “Crypto City,” as certain market signals have risen to the surface and […]
BLANCA CRE EXPANDS SOUTH FLORIDA OFFICE PORTFOLIO INTO BOCA RATON, GREATER FORT LAUDERDALE
/in In the news /by Geraldine GonzalezMEDIA CONTACT: Levy Public Relations Full Article Blanca Commercial Real Estate announced its expansion in Boca Raton as the exclusive leasing agent for three PEBB Enterprises office properties in Boca Raton and Greater […]