A California-based investor reached out to Justin Rayburn, to help complete a 1031 Exchange so they could defer capital gains taxes on a commercial building sale.
The client sold a commercial property in California and had 45-days to identify replacement properties in Colorado in order to complete a 1031 Exchange, which would prevent the client from having to pay significant capital gains tax on proceeds realized from the increase in property value.
Once properties were identified, they had to be closed within the following 135-days, which meant Rayburn had to move quickly. He recommended the client diversify their financial portfolio by purchasing two investment-grade office properties in Colorado that would qualify for the 1031 Exchange program and provide a continuous stream of retirement income for the client.
An administrative office in the healthcare industry came to Justin Rayburn, tenant representative, to renew and restructure an existing lease agreement.
The client was in a long-term lease obligation at a rental rate that was 15% above current market rents in their building and in need of interior renovations completed within the premises.
The client didn’t have the time or in-depth expertise needed to go head-to-head with their landlord—that’s where we came in. To successfully restructure the lease, Rayburn knew he would have to start negotiating early. Without sufficient lead time, they’d lose any leveraging power they had. To determine the new leasing agreements, Rayburn performed a property evaluation, market analysis, and financial analysis. After doing so, he sought a lower rental rate and much-needed tenant improvements.
The responsibilities of a commercial real estate landlord are extensive and when you own multiple large properties, fulfilling the marketing and leasing responsibilities that make your investments highly profitable becomes even more challenging. More often than not, the daily efforts of an experienced landlord representative can significantly improve your long-term financial outcomes. That’s the decision this Texas-based client made and it paid off in spades.
The client owned multiple Class A and Class B multi-tenant office properties in 6 major cities, including Dallas, Texas. They engaged Lowrey Burnett to handle the commercial real estate portfolio marketing and leasing duties. They wanted to ensure an experienced professional was actively working to keep the multiple properties leased to high-quality, credit-worthy tenants.
A local crossfit gym had been in business for several years but the capacity of their facility was not accommodating their growing membership. They were referred to Lowrey Burnett, CCIM by a previous, satisfied retail tenant. Having spent their days building their business and not keeping tabs on the current commercial real estate trends, they sought expert guidance on the pros and cons of leasing versus buying a commercial retail property prior to their upcoming relocation.
While occupying a retail property with limited on-site parking, the owners of a Colorado crossfit gym realized their rapid growth had overwhelmed their small facility and was becoming a point of frustration for their existing paying membership. They needed to relocate to a larger facility that provided the necessary amenities and kept them close to their loyal members. Burnett was ready to help them analyze the lease versus purchase options and make the prudent financial decision for their business.
When a Houston-based industrial client, occupying an 80,000 square-foot distribution facility, needed more space for their Colorado operations, they knew the guidance of an experienced, local tenant representative would be important. Not only would they need to sell their current industrial property, but also simultaneously identify a new warehouse in a tight market, negotiate the terms of the lease, and relocate to a new, larger facility. They engaged CCIM-designated broker, Lowrey Burnett, to help them navigate the process.
Upon outgrowing their distribution facility, the client engaged Lowrey Burnett to act as their representative for both the disposition of their current facility and the procurement of a larger lease space. In order to prevent any disruption to critical logistical operations, they needed Burnett’s expertise to seamlessly execute both transactions. Despite the challenges he faced, Burnett was prepared to navigate a complex set of circumstances under a timeline that supported the end goals of the business.
A publicly-traded insurance company made a management change to foster a dynamic and energetic culture in their Denver office. After years of flat or declining revenue growth and unacceptable turnover due to low employee morale, the new leadership knew that a transformation of the culture would require a multi-faceted approach.
The client, an insurance company, enlisted the help of expert tenant representative, CCIM-designated broker, Lowrey Burnett, to help relocate the Denver operations to a new facility that featured great amenities and advanced technology. The leadership team believed this move would play a key role in facilitating a positive, cultural shift. The client was committed to effectively making a major shift which included very specific requirements for their new space.
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Denver, CO
