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New Digs: Life on the Waterfront
New office space on Seattle's waterfront.
Derek Hermsen
Mar 242 min read
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Historic Year for Union Street Corporate Real Estate
No blog activity for over a year means one thing: the "brokerage iron" was hot. 2023 was by far the most active and exciting year for...
Derek Hermsen
Jan 2, 20242 min read
19 views
0 comments


Remote Controls Seattle
Downtown Seattle's office space market is in trouble, but why haven't office "asking rents" fallen off a cliff ? It's because even if...
Derek Hermsen
Dec 8, 20213 min read
109 views
5 comments


Pacific Northwest Dental Conference
Over the past year and half, the pandemic has greatly impacted many sectors’ leasing efforts. Despite the overall negative trend, Union...
Derek Hermsen
Oct 26, 20211 min read
112 views
18 comments


Subleases Galore
It's happening. The subleases are pouring onto the market. The effects of COVID coupled with an already slowing commercial real estate...
Derek Hermsen
Jul 27, 20201 min read
25 views
1 comment


Civil Orders Impacting Tenants - Important Links
Governor Inslee's March 19, 2020 proclamation (20-24) banning non-essential dental work through May 18, 2020: https://www.governor.wa.gov...
Derek Hermsen
Mar 30, 20201 min read
59 views
0 comments


Strategies for Covering Rent
Strategies for Covering Rent during this period of income interruption.
Derek Hermsen, Union Street Corporate Real Estate
Mar 20, 20203 min read
93 views
0 comments


Seattle Extends Eviction Moratorium to Commercial Real Estate
Order applies to businesses with 50 employees or less, non-profit groups.
Derek Hermsen
Mar 18, 20202 min read
88 views
16 comments


Derek Hermsen, Union Street Corporate Real Estate
Mar 18, 20200 min read
9 views
0 comments


Coronavirus and Business Interruption
With the COVID-19 impacting everyone and their businesses, as a tenant representative, I have been fielding many inquiries about my...
Derek Hermsen, Union Street Corporate Real Estate
Mar 16, 20202 min read
89 views
0 comments


Smartsheet ENGAGE 2019
Smartsheet held its annual "ENGAGE" conference at the beginning of October at the Washington State Convention Center. Smartsheet (NYSE:...
Derek Hermsen
Oct 24, 20191 min read
34 views
0 comments


20 Years of Representing Tenants
In September of 1999 I was fresh out of college looking for a job and my dad suggested that I talk to my cousin, Parker Ferguson, "who...
Derek Hermsen
Oct 21, 20192 min read
34 views
0 comments


How Much the LID will Cost You
As part of your company's operating expenses in late 2020, you will likely see a new line-item for "LID", which is the Local Improvement...
Union Street Corporate Real Estate
Jun 28, 20192 min read
96 views
0 comments


Experimenting with Transportation: 1 Year without a Car
When my plug-in hybrid's lease expired at the end of 2017, I decided to conduct an experiment in transportation: life without a car. On...
Derek Hermsen
Feb 28, 20193 min read
34 views
1 comment


Do you need Lease Administration?
Follow this LINK to a great article on Lease Administration by my friend John Rice of Quarem. Find out who needs it and what it is.
Derek Hermsen
Nov 15, 20181 min read
19 views
0 comments


ECHO...Echo...echo...
Our office at Union Street has always had "sound issues". With 11 foot ceilings and hard surfaces all around, it creates a bit of an...
Derek Hermsen
Nov 13, 20181 min read
35 views
0 comments


Northgate Update!
Updated plans for Northgate Mall call for 1.1 million square feet of new office space! Hockey is now a part of the mix too. Photo...
Derek Hermsen
Oct 30, 20181 min read
10 views
0 comments


TWO FOR ONE
It's tough to keep on top of putting out newsletters in this day of instant tweets, posts, and shares; but here you go! CLICK HERE for...
Derek Hermsen
Oct 23, 20181 min read
15 views
0 comments


There's more to Charlotte than NASCAR and Petey Pablo
CHARLOTTE, NC, USA. ITRA Global (International Tenant Representative Alliance) just concluded its Fall Conference in Charlotte, North...
Derek Hermsen
Oct 22, 20182 min read
24 views
0 comments


Data & Interpretation
Check out my insights on the use of data and its visualization in commercial real estate. This link will take you to the Commercial Real...
Derek Hermsen
Oct 18, 20181 min read
28 views
0 comments
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