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In virtually all cases, a visual inspection of the physical condition and systems of any space will not satisfy a prospective buyer or tenant as to the building's suitability and potential liability.
A perfect project is often described as being completed on time and on budget. While that description is accurate, it also leaves out two key factors that contribute to the overall success of a project: communication and starting the process early. Recently I sat on a panel of project managers and general contractors to discuss best practices. Here are a few of the recurring themes from that conversation.
Real estate transactions can represent opportunities to save money, modify key lease terms, make facility upgrades and improve business performance. But when tenants negotiate without knowledgeable representation, the opportunity is often lost.