A New Formula for Retail Rents

A New Formula for Retail Rents

Originally Appeared in Retail Leader by Mike Harris As shopper behavior continues to evolve, shopping center owners are exploring new ways of calculating rents that are less dependent on sales. Could the evolution of U.S. retail stores into showroom-type spaces,…

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Why Retail Landlords Lose Tons Of Money To Faulty Expense Calculations

Why Retail Landlords Lose Tons Of Money To Faulty Expense Calculations

Originally Appeared on Forbes.com by Mike Harris Retail real estate has an underappreciated problem: Year after year, incorrect or incomplete tenant expense reconciliations cost landlords an enormous amount of money. Erroneous common area maintenance and other reconciliations (generally referred to…

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Showroom-Like Stores Could Overthrow the Basis for Retail Rents

Originally Appeared in PR Newswire by Mike Harris Traffic and customer data could eventually trump traditional measures such as sales per square foot ST. PETERSBURG, Fla., Aug. 21, 2018 /PRNewswire/ — If present trends continue, retail rents might one day…

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From Stores To Showrooms: Evolving The In-Store Experience And Underwriting Practices

From Stores To Showrooms: Evolving The In-Store Experience And Underwriting Practices

Originally Appeared on Forbes.com by Mike Harris E-commerce is transforming retail real estate, and yet the most drastic changes may still be ahead. For millennia, retailers have used stores to physically show their wares. When customers decided to buy something,…

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West Coast Real Estate Developers Making the Leap to Mixed-Use

West Coast Real Estate Developers Making the Leap to Mixed-Use

Originally Appeared in Western Real Estate Business by Mike Harris and Max Garbus Mix Well for Best Results Adding a mix of uses to a project brings an air of diversity, attracting more people to the same place. Below, mixed-use…

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Case Study: Streamlining CAM Reconciliation

Case Study: Streamlining CAM Reconciliation

Process for CAM reconciliation puts an end to annual ‘all nighters’ once endured by a Retail Landlord’s property management and accounting teams. Download as PDF Incorrectly or never-completed Common Area Maintenance (CAM) and other reconciliations can cost retail landlords tens of thousands…

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CREModels Mashing Big Data with Commercial Real Estate

CREModels Mashing Big Data with Commercial Real Estate

Originally Appeared in Business Observer by Kevin McQuaid Company uses data analytics to help clients make the most of their properties Mike Harris has always had a way with numbers. Computers, too. Growing up in Ocean City, Md., he always…

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Single-Use Developers Face New Challenges in Today's Increasingly Mixed-Use World

Single-Use Developers Face New Challenges in Today’s Increasingly Mixed-Use World

Originally Appeared in PR Newswire by Mike Harris and Max Garbus CREModels urges developers to contemplate the complexities of large-scale mixed-use projects before taking them on ST. PETERSBURG, Fla., June 26, 2018 /PRNewswire/ — Two veteran real estate executives from…

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Single-Use Developers, Mixed-Use World: Making the Switch

Single-Use Developers, Mixed-Use World: Making the Switch

Originally Appeared on Commercial Property Executive by Mike Harris and Max Garbus For traditional project sponsors, embracing the opportunities of multi-use projects often involves a significant learning curve. Two experts from CREModels offer insights into making the transition. Should multifamily…

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