Company Research Report: Advocate Commercial Real Estate Advisors
Company Overview
- Name: Advocate Commercial Real Estate Advisors
- Mission of the Company: Advocate’s sole focus is providing commercial tenant representation services for clients locally and nationally, ensuring transparency and unbiased representation within the commercial real estate industry.
- Founding: The company was founded in 2003 by a group of commercial real estate brokers.
- Key People: No information is available.
- Headquarters: The company is headquartered at 145 South Wells, Suite 1400, Chicago, IL 60606, with an additional office at 2000 Town Center, Suite 1400, Southfield, MI 48075, serving the Detroit metro area.
- Number of Employees: No information is available.
- Revenue of the Company: No information is available.
- Known For: Advocate is known for its focus on providing unbiased commercial tenant representation services and not having obligations to any buildings or landlords. Their approach allows them to seek the best deals for their clients without conflict of interest.
Products and Services
Products Offered
Advocate Commercial Real Estate Advisors offers a wide range of services in various sectors:
Sectors Include:
- Automotive
- Corporate Headquarters
- Financial
- Healthcare
- Industrial
- Law
- Non Profit
- Professional Services
- Technology
Services Include:
1. Advisory:
- Strategic Planning
- Market Research
- Subleasing
- Lease Negotiations
- Lease Restructure
- Lease Buyout
- Building Acquisition
- Building Disposition
2. Financial:
- Real Estate Portfolio Analysis
- Investment Analysis
- Lease Comparison
- Lease vs. Own Analysis
- Building Valuation
- Discounted Cash Flow
- Sublease Analysis
- Sale and Leaseback Evaluation
3. Lease Management:
- Lease Abstracting
- Critical Date Management
- Lease Management App
- Monitor Market Opportunities
- Review Annual CAM Billings
- Troubleshoot Remaining Lease Liability and Budgeting
4. Project Management:
- Preliminary Building Evaluations
- Cost Analysis
- Project Scheduling
- Planning Phase Coordination
- Construction Oversight
- Relocation Oversight
- Furniture Selection Coordination
Key Features of Each Product:
All services aim to offer comprehensive support in real estate transactions, ensuring tenant-focused negotiations without external influences from landlords or building owners.
Recent Developments
- New Products Launched: No information is available.
- New Features Added to Existing Products: No information is available.
- New Partnerships:
- Recent renewals with AmTrust and expansion projects such as with Salvi, Schostok & Pritchard at 161 N. Clark.
- Recent Recognitions:
- Sam Munaco, a key figure in the company, received recognition from the CRE Hall of Fame in 2021 and was noted by Crain's as a notable real estate executive.
Overall, Advocate Commercial Real Estate Advisors continues to prioritize tenant advocacy through strategic and transparent real estate solutions, expanding its influences in regional areas with offices in Chicago and Southfield while being recognized for its conflict-free representation.
