Commercial Real Estate Valuation Services with Macmillan Group

Demetrios Panteleakis has functioned as the principal of Icarian Real Estate Advisors in Springfield, Massachusetts, since 2009. In 2016, Demetrios Panteleakis expanded his professional activities, assuming the position of president with Macmillan Group, Inc., a full service commercial real estate services provider, also located in Springfield.

Macmillan Group provides a number of commercial real estate services, including extensive real estate valuation services. With an institutional goal of addressing all clients’ needs and inquiries, the organization is skilled at developing efficient overview reports as well as more comprehensive property studies, both of which are accompanied by a thorough analysis of all findings. With these facts in hand, the Macmillan Group team collaborates with clients to determine the best course of action.

For a sample of the organization’s consulting services, visit www.macmillang.com and review the firm’s monthly newsletter, which functions as a compilation of professional insights into a wide variety of real estate topics. The Macmillan Group Monthly Newsletter archives are an invaluable resource for property managers, investors, and various professionals in the commercial real estate industry.

The Basics of Commercial Lease Agreements

The holder of a Juris Doctor from Western New England University School of Law, Demetrios Panteleakis serves as president of Macmillan Group, LLC. Based in Springfield, Massachusetts, Demetrios Panteleakis manages the organization’s commercial leasing operations. 

A commercial lease agreement is the starting point of a commercial tenancy and has several important components. The essential components include basic information about the lessor and lessee (names and addresses), a description of the leased premises including square footage, and the terms of the lease. The terms cover issues such as the deposit payable, monthly rent, common area maintenance charges, utility obligations, and purpose for renting the commercial space, among others. 

What’s important to remember about the terms of the lease is that they should be set out very clearly, leaving no room for doubt, especially because they are binding contracts. For example, ensure clauses dealing with space are clear on what is rentable/usable space and also that any restrictions to renting purpose are clear about their scope. 

Another thing to remember is that the terms are not cast in stone but rather are a starting point. They can be negotiated. For example, a lessee can negotiate terms regarding rent increases, his or her rights, renewal options, and the deposit payable.

Solar Market Continues to Post Growth despite Trade Clouds

A respected presence in the New England commercial real estate sphere, Demetrios Panteleakis has more than a decade of experience in corporate expansion projects. Among Demetrios Panteleakis’ accomplishments has been enabling solar-focused energy efficiency projects to go forward with the help of Capital for Change funding.

As reported in Utility Dive, growth in the solar market has been consistent over the past two years, with two gigawatts or more of solar photovoltaic capacity installed each of the last eight quarters. Unfortunately, this has slowed, with the recently released Solar Market Insight report drawing attention to a 51 percent year-over-year decrease in sales.

One major factor in the slowdown is attributed to uncertainty related to a solar trade case in which the International Trade Commission determined that Suniva and SolarWorld were in need of import relief. One possibility on the horizon is tariffs of as much as 35 percent on crystalline silicon photovoltaic modules, which would push up installation costs. The head of the Solar Energy Industries Association urges a rejection of such tariffs at the White House level to ensure that growth in solar installation continues at a rapid pace.