Services
Denis Mehigan, Principal of The Mehigan Company Inc., has been providing service and tools to Corporate Real Estate and Facilities departments for 27 years. Some of the services provided include the following:
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Mergers & Acquisitions
TMC is exceptionally experienced and a great solution for corporations and their CRE departments when an acquisition takes place.
You know the experience if your company expands by acquisition. A call comes from a business unit, a Senior VP, the CEO, a financial analyst, or the corporate attorney. “We need some info.” That’s how the conversation starts. Sometimes the call comes well in advance of an acquisition. Sometimes it comes after the announcement is made. Whenever you learn of it, a huge due diligence assignment follows. We can help. Details
Does Your Company Need Temporary or Part Time Help in Real Estate or Facilities?
When employment and the economy start to recover, CFOs and corporate real estate departments will suddenly have a large increase in real estate and facilities work to complete. And they probably won't have headcount to support their needs. That's a typical situation in any recovery.
For many years Denis Mehigan of TMC has been taking on part time or temporary assignments for large and small companies. Project management, lease auditing, transaction management are all routine assignments that he's successfully completed. Assignments can last a day or a couple years, whatever is needed.
If your company doesn't have a Real Estate Director or Manager, this is the most cost effective way to get one. Subsidiaries of AT&T, the Clorox Company, and other great companies have used us for these types of assignments. Call us to discuss this further.
Are You Reconciling and Auditing?
Whether your company has one lease or 1000, around this time each year landlords send out their Operating Expense Reports. Each lists all actual operating expenses for the past year and all estimated operating expenses for the current year.
Whether your company has net leases or full service leases, the costs for not analyzing your operating expenses are significant. These variable expenses can be as low as a few percent of the overall rent or as much as 60% of your total rent on leases. Careful tenants will get the actual base year expense report, the past year's report, and the current year's amounts. They'll study them, reconcile them and maybe audit them. TMC does this service for clients at no cost.
TMC is renowned in the industry for analysis, reconciling and auditing of lease operating expenses. Articles about our expertise in this area have been published in business journals since 1987. We provide this service for our clients on a yearly basis. We verify the landlord's charges for accuracy. We've recovered sums as low as a few hundred dollars and as high as $210,000. Tenant representatives don't do this for free. We do.
Right now you are probably dealing with your landlord's Operating Expense Reports for 2009 and 2010. We'll show you how we can reconcile and audit it for you—before it's due and before you pay the wrong amount. Sample Report
TMC Provides Onsite Real Estate and Facilities Training
One of the more popular services we provide is our Real Estate and Facilities Training program. We'll come to your site to do a training in specific areas of corporate real estate and facilities. There's no charge for the program. It usually lasts 45 minutes to an hour. Our Lease Reconciling and Auditing program is a key one at this time of year. If your company has one or several employees that manage the administration associated with incoming operating expense invoices, this training can be very beneficial. We'll show them how operating expense reconciliations and audits are done in an effective way.
Our other training sessions cover many areas. Here are a few:
- How to conduct a search for office space.
- How to negotiate a lease document.
- Developing your toolkit.
Call us to learn how we can create a short but effective training program for you.
Renewal Solutions
Our current economic crisis is impacting jobs, and therefore office space needs. It also means cost analysis and curtailment are necessary. Expenditures of capital are more scrutinized. Renewals and renegotiation of leases are becoming more common. The economic advantage of using TMC as an extension of your real estate department for renewals is absolutely quantifiable. We’ll show you how and why. Details
Free Project Management and Move Coordination
A key element in transaction management is integrating project management and move coordination with the leasing process. Whether it’s for relocation or renewal, the coordination of these processes is critical. As part of our tenant representation service, TMC provides both project management and move coordination at no cost. That’s for all our clients, regardless of the size of the transaction. Details
