'Need for Speed' Threatens to Undercut Due Diligence in Commercial Real Estate Acquisitions

‘Need for Speed’ Threatens to Undercut Due Diligence in Commercial Real Estate Acquisitions

Originally Appeared in PR Newswire by Mike Harris As investors chase value-add shopping centers and other assets, they should redouble efforts to uncover hidden risks ST. PETERSBURG, Fla., June 14, 2018 /PRNewswire/ — As investors race to buy shopping centers,…

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Giving Due Diligence Its Due: Why Real Estate Investors Need To Ask Tough Questions

Giving Due Diligence Its Due: Why Real Estate Investors Need To Ask Tough Questions

Originally Appeared on Forbes.com by Mike Harris Commercial real estate investors are racing to fill their acquisitions pipelines before the market turns. However, as teams fly around the country bidding on properties, they can lose sight of a sobering fact…

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Pros Offer Tips on Teaming Up for Mixed-Use Projects

Pros Offer Tips on Teaming Up for Mixed-Use Projects

Originally Appeared on ICSC’s SCT News and Views by Joel Groover Also Printed in the June 2018 issue of Shopping Centers Today Retail and other traditionally single-use developers are increasingly teaming up with partners to do mixed-use projects. “Across the…

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What is a Lease Abstract? (in Commercial Real Estate)

What is a Lease Abstract? (in Commercial Real Estate)

A lease abstract provides a concise analysis of lease documents in a format that is easily understood. It also gives structure to ensure any material items will be found and information in the form can be quickly referenced in the…

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How Retail REITs are Making it Work

How Retail REITs are Making it Work

Originally Appeared on The Real Deal by Elaine Pofeldt Now more than ever, Retail REITs are being forced to raise their game — or run for cover. Since January, Claire’s, Nine West and the Bon-Ton stores have filed for bankruptcy,…

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Lurking in the Lease: Unexamined Risks Could Worsen the "Retail Apocalypse"

Lurking in the Lease: Unexamined Risks Could Worsen the “Retail Apocalypse”

Originally Appeared on ABL Advisor by Mike Harris and Max Garbus Concern about the fate of American retail is growing—and with good reason. Laden with debt, challenged by Amazon and racing to adapt to the changing consumer, a number of…

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How Artificial Intelligence Is Being Used To Read Leases, Other Real Estate Documents

How Artificial Intelligence Is Being Used To Read Leases, Other Real Estate Documents

Originally Appeared on GlobeSt.com by Erika Morphy “A lot of people tend to give heavily-weighted promises about Artificial Intelligence (AI) and where it is going.” CHICAGO–A typical client for Nicholas Bartzen, an associate with Levenfeld Pearlstein’s Community Association Group, would…

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As Bon-Ton’s Fortunes Shift, Investors Brace for Liquidation

Originally Appeared on NREIOnline.com by Donna Mitchell It seems that time is running short, putting more urgency on the decisions that landlords make concerning properties with Bon-Ton anchors. About one week ago Bon-Ton Stores appeared to have escaped the spiral…

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Escape Clauses in Retailer Leases Could Trigger 'Domino Effect' of Vacancies at Lagging U.S. Shopping Centers

Escape Clauses in Retailer Leases Could Trigger ‘Domino Effect’ of Vacancies at Lagging U.S. Shopping Centers

Originally Appeared in PR Newswire by Mike Harris Darkened anchor spaces threaten to trigger other stores’ co-tenancy clauses, necessitating careful risk assessments for many properties, writes Mike Harris of CREModels, in column for Forbes.com. ST. PETERSBURG, Fla., April 12, 2018…

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