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See below the marked up page from a landlord's draft lease -- CTRR identifies hidden costs, vague landlord performance standards, unnecessary restrictions on tenant flexibility, inadequate sublease rights, weak audit rights and other bad terms which must be negotiated aggressively. |
100% for tenants Serving tenants exclusively, Commercial Tenant Real Estate Representation Ltd. has handled transactions involving over 10 million square feet of space and $3 billion of obligations. CTRR has cut occupancy costs and protected the long term interests of AT&T, IBM, Turner Broadcasting, Reuters, United Parcel Service, Canadian Imperial Bank, Nomura Securities, Mutual of America, Oppenheimer, RJR/Nabisco, Cox Broadcasting, the State of New York and three of America's biggest law firms, among other clients. CTRR is the only tenant representative which both negotiates leases and audits landlord billings. This means inspecting landlord general ledgers, invoice files and vendor contracts. The CTRR team sees which landlords honor or evade lease terms. Consequently, the CTRR team knows how tenants must be protected in a lease negotiation. Unique among commercial real estate brokerage firms, CTRR brings to bear all 8 kinds of expertise needed to protect tenants: (1) expertise in real estate markets, (2) expertise in building operations, (3) expertise in real estate law, (4) expertise in real estate taxes, (5) expertise in landlord accounting practices, (6) expertise in lease negotiations, (7) expertise monitoring tenant buildout and, when necessary, (8) expertise managing real estate arbitration and litigation. CTRR has saved tenants over $100 million while negotiating with the biggest landlords and landlord brokers in the country, including Met Life, Prudential, Equitable, Sumitomo Realty, Trammell Crow, Tishman Speyer, Shorenstein, Williams, Helmsley, Newmark, Cushman & Wakefield, Insignia/ESG, CB Richard Ellis and (in their heyday) Olympia & York and the Hunt brothers. CTRR has served tenants in Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Miami, Pittsburgh and Washington, D.C. as well as New York. CTRR has handled the entire range of real estate transactions such as site searches, lease negotiations, buyouts, subleases, build-to-suits and financings. CTRR was started in 1989. The firm's president, Marisa Manley, was trained at as an architect at Cornell University and as an attorney at Harvard Law School. She began her career at IBM and represented the company's real estate interests in two-thirds of the United States. Ms. Manley’s articles about commercial real estate have appeared in Harvard Business Review, the Wall Street Journal, Inc., Commercial Property News and Real Estate Weekly. To discuss your company's real estate situation in confidence, without obligation, contact: Marisa Manley
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CTRR
identifies hidden costs and other lease problems because we
represent commercial tenants exclusively, and our team has all the
expertise needed to protect tenants. By contrast, it's unheard of
for a landlord broker to mark-up a landlord's lease since a reputation for
protecting tenants would make it more difficult for a landlord broker to
get lucrative landlord business.
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CTRR serves
commercial tenants exclusively nation-wide, Copyright (C)
2005 by CTRR Ltd. |
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