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New leadership in commercial real estate: Mary Lue Peck, BOMA

Yardi Breeze

After decades under one president, the Building Owners and Managers Association (BOMA) has changed leadership. Mary Lue Peck, the former senior vice president of BOMA, is now president and CEO of the most storied association in commercial real estate. Change can be challenging, but you wouldnt know it by talking with her.

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Do You Know WALT (Weighted Average Lease Term), the Commercial Real Estate Guy?

Esquire Property Management Group

Weighted Average Lease Term for Commercial Real Estate Weighted Average Lease Term, commonly referred to as WALT, is an important metric that commercial real estate investors and commercial property managers are well-versed in, or at least they better be.

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Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

What is the purpose of a commercial real estate letter of intent? A Commercial Real Estate Letter of Intent (LOI) is a document that is designed to outline the terms and conditions of a “potential” commercial real estate transaction between a buyer and a seller.

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New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

This new law mandates that landlords and their representatives—across all commercial sectors, including office, industrial, and retail—adapt their leasing practices when engaging with a newly classified category of tenants known as “qualified commercial tenants.”

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What is common area maintenance (CAM) and why should you keep track of it?

MRI Software

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). But what is Common Area Maintenance, and how does it intersect with real estate expense recoveries ?