Providing Great Real Estate Services

The Mehigan Company (TMC) is a corporate real estate advisory firm that specializes in customized and cost effective real estate and facilities solutions. Our 30 years of experience in the business has produced significant results in reducing real estate costs for our clients. Whether it's tenant representation assignments, lease auditing, strategic advisory or lease portfolio management, our mission is to help our clients be more efficient and economical. We commit ourselves to giving you more value and better service.

For many corporate real estate clients, the traditional "big house" real estate brokerage model is outdated and ineffective. It is a high overhead and windfall profit business that isn't flexible enough to meet the service needs of its clients. When giving tenant representation assignments to independent and more flexible service providers like TMC, corporations are able to reduce their rent and receive key services for free. The modern model of real estate service provided by TMC simply lowers client's rent and achieves better results. That is quantifiable and can be proven.

Startups Sharing Space in a Traditional Office Lease

Our startup technology clients often suggest to us that they could share space with another tenant they know or partner with. Sounds like a great idea. There must be some economy of scale in that. Plus, if the partnership serves one specific client, but the two companies remain separate entities, being contiguous to each other sounds like a positive.

It’s never fun talking a client out of an idea they have. But it’s important to share the challenges with that concept and how few times it’s actually accomplished. In a collaborative and disruptive startup scenario, you would think this idea should be accomplished easily. Continue

How Can a Startup More Effectively Lease Space?

It’s so typical that we find clients in startups or small but growing companies who are seeking out a better way to cost effectively and cost efficiently deal with real estate and facilities issues and challenges. The process of leasing space or managing a portfolio of spaces seems like it only takes common sense to do effectively. But there are customs, conflicts of interest and way too much jargon in the commercial real estate industry. Having a chief executive of a dynamic small business spend lots of time handling these business tasks is really counterproductive. We talked to several startups and heard these questions from them. As part of a larger series we are currently writing, we gave some brief but hopefully valuable answers. Continue

Why TMC?

Ten Reasons Why TMC is Disrupting the Tenant Representation Model

1) By reducing Tenant Rep fees we reduce your rent or increase your TI allowances.
2) We have insourced the RE brokerage role to clients and eliminated all commissions.
3) At no cost, we have provided Project Management services to our clients with our transaction work.
4) We pay for our clients' legal costs in transactions.
5) Sustainability Study is included with your lease analysis.
6) We provide full lease administrative services throughout your lease term.
7) Yearly reconciliation and/or lease audits are included with our service.
8) We provide clients with a leading database management system.
9) Facilities Plans or Property Studies are included.
10) Design services can be included.

TMC Achieves Lower Rates For Our Clients

Many of our corporate real estate clients choose us because of the extra services we provide that the big brokerages can't provide. Many choose us because of our 30 years of experience and attention to detail. When it really comes down to it, most companies hire us because they want better negotiated rates, and excellent terms and conditions in their leases. More

We Want You In Seattle and San Francisco

CFO’s and Corporate Real Estate Directors are understanding our message. The message is that TMC does not have high and excessive overheads like the big brokerages do. In those firms 50-90% of the fee that brokerage generates off your rent stream go to their shareholders, expensive office space, offices in places that you will never need space in and other economic inefficiencies. At TMC, we are both principals and service providers. That’s why we are able to provide services for free that the big brokerages can’t provide. And we are able to discount the fees that landlords pay us, and have your rent reduced or your TI Allowance increased by the same amount. TMC benefits your shareholders not a big broker’s shareholder.

That’s why we want to expand in San Francisco and Seattle as we seek a senior tenant representative or a corporate real estate executive that gets the value in our message.

Learn How TMC Serves Clients

TMC has a unique approach to the Client Service Process—we do it from the client’s point of view. We ask ourselves what we would want from a real estate provider if we were the client: What qualities and services would we want? How could we evaluate the service provider at no cost and see if they deliver useful added value? Details

TMC Renewal Solutions

Renewals are our biggest area of business and emphasis these days. Our solutions will lower your real estate and facility costs. Currently we are lowering clients' costs by at least 20%! Details

Real Estate Career Opportunities

After 30 years in the corporate real estate business, we are networked well to learn of new career opportunities that arise. Our clients use our network to learn of jobs available in the real estate industry and to help spread the word when they have positions open. This is a service open only to clients or prospective clients.

On a weekly basis we update job listings we are aware of. Become a client or prospective client and we’ll keep you updated on terrific real estate career opportunities in the U.S. and internationally. Call us for more information.

Saving Two Million

While today we face the most challenging economic times in our country’s history, routinely up and down cycles occur in the economy and the commercial real estate markets. Corporations must be proactive to seek out ways to improve their company’s bottom line. There are numerous ways to lower costs for a company with regard to their real estate and facilities portfolios. Taking advantage of that is mandatory.

It was mandatory for the CFO and Real Estate Director at CheckFree Corillian and they were effective in saving their company $2,000,000 with our help. Corillian started up for business in the late 1990’s. Like most young technology companies they had highs and lows. Throughout the years their business model was effective, their online banking services well ahead of its time. Details

Found Money

Lease Auditing can be a tough business. It takes knowledge of real estate and accounting. It takes a keen understanding and respect for the tenant-landlord relationship. And when done right it cuts real estate and facilities costs dramatically. A Pacific Bell company that is now part of AT&T was looking for ways to reduce costs and catch excess expenses in their lease portfolio. TMC, with years of lease experience, dug down with our client to find opportunities.

We found and recovered $210,000 in their HQ lease at Rincon Center in San Francisco, at a time when the economy was challenging. It was part of a program where we reduced our client’s occupancy costs by 43% over several years. Details

TMC Provides Free Sustainability Studies

Sustainability is now an initiative for every corporate real estate department and company. Conservation and carbon footprint reduction are routinely addressed by corporations. Issues about energy and global warming are real and pressing, yet also provide a tremendous amount of opportunity. Companies know that the choices and actions they take towards sustainability can make a difference - not only towards solving larger environmental problems - but to their company’s bottom line.

The Mehigan Company offers a valuable tool for companies to become greener by offering a free sustainability study as part of our transaction services. Details