Jameson Commercial is pleased to announce seven commercial real estate transactions. “While economic conditions are difficult, we are extremely pleased to continue adding value to client’s assets, closing sale deals, and completing tenant representation transactions.” said Will Crowden, Senior Associate with Jameson Commercial. “Deals are getting done, but the rental rates are lower with shorter terms.” Added Chris Irwin, Vice President with Jameson Commercial.
4035-39 N. Damen, Chicago, IL
Jameson Commercial Real Estate, LLC leased 4,225 square feet of retail located in Chicago’s North Center neighborhood at 4035-39 N. Damen Avenue to …

For the agent: 10% off next 10 units
Century 21 Sussex & Reilly
Silver Cloud Condominium Homes
For the buyer: $10,000 off all contracts through September 30
Camelot Realty
4755 North Washtenaw
For the buyer: 50% off parking
For the agent: 4% commission
Chieftain Construction
Lexington Park Condominiums
For the agent: 3% commission, $25 Starbucks giftcard for presentation and entered to win $10,000 AMX gift card
GlenStar
The Park Monroe

By Carrie Kreydick and John-Paul Wolfe
In commercial real estate, the letter of intent (LOI) is a very important aspect of commercial real estate lease negotiations. To help out any rookies out there, we decided to dissect the LOI and give new agents a better understanding of the business terms that should be addressed by this important document. The LOI should be as specific as possible to avoid pitfalls in the lease negotiations.
When a residential agent makes an offer on a property for a client, he/she fills out a contract with …

By Paul Martis
There is no question that as Realtors our ability to gain the trust and respect of our clients and obtain their sought-after referrals is paramount to our success as real estate professionals.
While treading in a client’s emotional waters is what residential agents are expected to do, selling a home full of memories and with high expectations can be a real challenge in a changing economy. Yet, this is what we are trained to do, and still be friendly, honest and flexible.
In the commercial waters, although the same level …

By Carrie Kreydick and John-Paul Wolfe
Developers have been incorporating ecologically-friendly and economically-responsible upgrades into residential and commercial buildings for years. Technology has changed rapidly and energy efficiency is nothing new. Unless you’ve been on the moon for a while, you’ve probably been hearing the terms green building, carbon footprint, eco-friendly and LEED certification. And if you haven’t, you better brush up. There’s some green to be made by going green, in both the commercial and residential sectors.
There are plenty of reasons to consider adding environmentally-friendly components to your real estate …

By Paul Martis
For those interested in moving their residential real estate careers to a new level that can include a commercial aspect, it is necessary to have an understanding of the marketplace and its challenges, insights and opportunities.
To start, a residential agent must identify what segment of the commercial industry is right for him/her, and, in many cases, this will be determined by the agent’s sponsoring broker.
Some residential brokerages will require their agents to be 100 percent committed to the residential arena, with commercial agents in their own division. However, …

By Carrie Kreydick and John-Paul Wolfe
People often ask, “How is the commercial market doing?” We reply to this question with an emphatic, “OK.” There is a horizontal feeling to the current commercial real estate market – nothing to get excited about, but nothing to wring your hands about either. While some sectors and markets have experienced a rise in vacancy rates, others are continuing to be flat to positive in absorption and rental rates. Some tenants are still moving ahead with leases, while others have cancelled all expansion plans and …

By Carrie Kreydick and John-Paul Wolfe
People often ask, “How is the commercial market doing?” We reply to this question with an emphatic, “OK.” There is a horizontal feeling to the current commercial real estate market – nothing to get excited about, but nothing to wring your hands about either. While some sectors and markets have experienced a rise in vacancy rates, others are continuing to be flat to positive in absorption and rental rates. Some tenants are still moving ahead with leases, while others have cancelled all expansion plans and …

By Carrie Kreydick and John-Paul Wolfe
Everyone has read the real estate headlines, and we all know that the residential market has gotten a lot of attention in the last couple of years. Now, all eyes are focused on the commercial market to see if it will head down the same path. But does commercial real estate truly follow the residential market? Is it inevitable that commercial sales and leasing will have the same difficulties that we see in the current residential market? We don’t think so.
The playing field of the …

By Carrie Kreydick and John-Paul Wolfe
Working with commercial tenants can be a challenging experience, even if you have sold or leased commercial properties in the past. Transaction timelines can easily span more than a year from the initial search to the final lease signing. As a broker, your job is not limited to simply identifying a space that meets your client’s search criteria. As you will see, finding the right space is only the beginning.
Understanding your client’s preferences and requirements are as essential as knowing the territories in which …