HW Holmes Inc

05/20/2020

The manner in which we live and conduct our day to day business has been drastically altered by the COVID-19 pandemic. The economic repercussions we face as we social distance to prioritize everyone’s health and safety will be profound. Particularly with the state-mandated shutdown of non-essential businesses. A recent Chamber of Commerce survey concluded that more than 40% of the country’s 30 million small businesses could permanently close in the next six months due to the pandemic. Which begs the question – what about commercial landlords? Nobody’s talking about them as they’re faced with the tenants currently unable to pay their monthly rent or lease and lost recurring rental streams. We thought it would be good to provide some tips to help commercial landlords stay solvent through this unprecedented and tumultuous time.

The manner in which we live and conduct our day to day business has been drastically altered by the COVID-19 pandemic. The economic repercussions we face as we social distance to prioritize everyone's health and safety will be profound. Particularly with the state-mandated shutdown of non-essential....

05/20/2020

The traditional office will probably look very different in a post COVID-19 world. With so many people working remote, many companies are reevaluating their office space needs. While some business owners may want immediate tenant improvements to better optimize square footage; for example, to accommodate social distancing requirements to give employees more personal space, others might look to downsize if they let their employees continue to work from home. If you’re reassessing your office space requirements, here are a few things to keep in mind. Please Advise: We are a commercial construction company in Los Angeles – this post is for general informational purposes only and doesn’t substitute for the expertise of a tenant representative or commercial real estate attorney.

The traditional office will probably look very different in a post COVID-19 world. With so many people working remote, many companies are reevaluating their office space needs. While some business owners may want immediate tenant improvements to better optimize square footage; for example, to accomm...

05/20/2020

A lease agreement’s force majeure provision can do any of the following. It could excuse contractual obligations in their entirety if they can’t be met due to a force majeure event. It could delay or defer said obligations until the conclusion of that specific force majeure event. And, in extreme instances, it can allow for the complete termination of a contract. But a performance failure isn’t typically excused if a force majeure event has only made it more difficult or expensive to do business. There needs to be more. What a force majeure provision means through COVID-19 will be up to the courts. They’ll likely need to review the specific language of each individual agreement’s provision. In this blog post, we’ll look at a few things all parties need to look for or consider.

A lease agreement's force majeure provision can do any of the following. It could excuse contractual obligations in their entirety if they can't be met due to a force majeure event. It could delay or defer said obligations until the conclusion of that specific force majeure event. And, in extreme in...

05/19/2020

Whether your company is looking for office space in a newly constructed development or a previously occupied space in an older building, the building owner will likely offer a tenant improvement allowance. A TI allowance is a dollar amount the landlord offers to cover the cost of any customization you want done to the space. But be cautious. What seems like a “generous TI allowance” might not cover as much as you think it does. You might barely break even. You might end up paying a significant amount of money out of pocket to finish construction by your move-in date. Here are a few things to consider if you want to make sure you don’t get duped with the TI allowance.

Whether your company is looking for office space in a newly constructed development or a previously occupied space in an older building, the building owner will likely offer a tenant improvement allowance. A TI allowance is a dollar amount the landlord offers to cover the cost of any customizations....

05/19/2020

Despite some mid-year projections that office construction would slow in 2019 due to increasing construction costs, current real estate cycle uncertainty and zoning issues, Los Angeles area office construction projects continue to rise as part of a commercial construction boom not seen in LA since the roaring twenties. In this blog post, we’ll take a look at some of the factors responsible for this continued rise in LA area office construction projects.

Despite some mid-year projections that office construction would slow in 2019 due to increasing construction costs, current real estate cycle uncertainty and zoning issues, Los Angeles area office construction projects continue to rise as part of a commercial construction boom not seen in LA since t...

05/19/2020

Customizing a space you'd like to rent or lease to better suit your needs is called a tenant improvement. To defray the cost of this customization or buildout, a landlord will often offer a tenant improvement allowance. This is a sum of money, sometimes referred to as a TI allowance or a TIA, that's...

05/19/2020

The size of the average law firm office has shrunk in overall square footage over the course of the last five years. While many associate this with the emergence of younger smaller firms, there are other factors playing into this. In this blog post, Los Angeles office construction contractors H.W. Holmes, Inc. look at a few particular trends responsible for the incredibly shrinking size of law firms in recent years.

The size of the average law firm office has shrunk in overall square footage over the course of the last five years. While many associate this with the emergence of younger smaller firms, there are other factors playing into this. In this blog post, Los Angeles office construction contractors H.W. H...

09/06/2019

The Los Angeles area is currently a magnetic hub for thriving companies. Most companies, whether they're a startup or a well-established entity, want much of the same thing from an office space. They want a space that reflects their brand and company culture. They want to impress clients. They want....

09/06/2019

There's more to a successful retail store than the cha-ching of a cash register. In this blog post, H.W. Holmes, Inc. - a commercial construction company specializing in retail buildout and remodels in the Los Angeles area - look at a few ways retail stores can update their feel, enhance the experie...

09/06/2019

If you're thinking it's time to remodel your office, you need those renovations to be as non-disruptive to your business as possible. Delays hurt your bottom line and add costs to your budget. While some problems can never be anticipated or predicted, being prepared for a few common causes of delay....

09/06/2019

Office renovations are a sound business move. Updating a workspace can have a profound influence on how both employees and clients perceive your business. But how much does such an undertaking cost? In this blog post, H.W. Holmes, Inc. - a Los Angeles area commercial construction contractor speciali...

09/06/2019

Congratulations. You've signed a lease. The landlord has given you a Tenant Improvement Allowance and they've even agreed to handle every detail of the building out of your new space. Sounds great, right? Perhaps. Here are a few ways to ensure you're getting the most from your Tenant Improvement All...