Tenant Concerns About Landlords Sweeping The Market

About a week ago we wrote a post on tenant’s increasingly becoming concerned with the financial condition of their landlords. The SF Business Times today featured an article covering that very same topic. The article touched on non-disturbance agreements, as well as tenants seeking to have landlords put Tenant Improvmenet money in escrow accounts to ensure that they are available. This is a good point, particularly in deals where tenant improvement dollars may be distributed in stages – which in some deals could be far out in the future for deals where there are expansions, etc. pre-negotiated.

According to the article, one of the landlord’s which there is a lot of concern about is Broadway Partners. The article indicates that a Real Capital Analytics report recently cited trouble at several San Francisco buildings. The buildings are the same ones which we highlighted back in October: 1 Sansome St., 100 California St., 50 Beale St. and 120 Howard St.

Similar Posts:

• First Signs of Cracking: Broadway Partners Defaults on Hancock Tower
• Broadway Partners Runs Into Trouble – San Francisco Holdings On The Table?
• SF Chronicle Article Today On San Francisco Office Space Market
• Broadway Partners Deal to Sell One Sansome to Mirae Falls Apart
• WSJ Roundup: Blackstone, Germans, and a Tenant’s Market