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ok, so I just reviewed an updated sheet that the broker sent me and it is
showing $70/sq. so for the 2,852 sq ft suite our rent would be approx
$16,636/month. This is about $2800 more than we pay now (factoring in the
subtenant rent we get from the Agenda Project)- sorry they upped the the
price from the original sheet I had must have been old. I don't know the
likelihood of negotiating this down at all- not sure how this real estate
works. Also, lease terms are 1-2 years. If Barry paid us approx $35,000
that would cover our the difference in rent for the first year. And
hopefully next year we'll be making more money and it won't be a problem!

We wouldn't have to do any work at the new place- in fact, they won't
really allow much changes when it comes to moving and putting up walls
because of the architecture.

Here is something to send to Barry. Let me know. It would be nice to move
into some new space- I feel like we have been here forever! Our lease is
up here next January anyways so might as well think ahead... I'm just
thinking of excuses to give Eric :)

Barry,
You know I love you, but at this time we just can't afford to make this
immediate move without some financial backing. We have found space that is
available to us immediately but we will need some help covering the moving
costs but more importantly the difference in what our rent will be for the
year (approx. $35K). I know you told Joan your current rent is even
cheaper than ours and you are under the rule of Macy's now, but I'm hoping
we can find a solution. And unfortunately given my relationship with our
subtenants, I don't think we will be able to kick them out unless we are
also moving.


--
*Joan K. Mayer*
Rosemont Seneca Advisors, LLC
1010 Wisconsin Avenue NW, Suite 705
Washington, DC 20007
o: 202-333-1880
m:202-841-8543
jmayer@rosemontseneca.co