Posts Tagged ‘Retail Real Estate’

Qualified Opportunity Funds: The Real Estate Industry Weighs In

Real Estate Industry Submits Opportunity Zone Comments to Treasury and IRS - CREModels.com

While the government shutdown is holding up the public hearing, we feel it may be instructive to continue to dig into the comment letters submitted on the proposed Qualified Opportunity Zone legislation. One early takeaway was that several real estate industry groups submitted letters, and we wanted to summarize the comments made by those groups…

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Densification: Retail Investors Double Down on Density

Densification - Retail Rebirth?

Retail is by no means out of the woods in its battle with Amazon and other online retailers. 2019 kicked off with more Sears stores closings in the wake of its Chapter 11 bankruptcy filing. Despite a last ditch buyout attempt, the retailer had already started shuttering its remaining 142 Sears and Kmart stores last…

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Real Estate Replacement Costs May Have Far-Reaching Effects

Real Estate Replacement Costs - Far Reaching Effects

Soaring real estate replacement costs have been a hot topic over the past year, and short of a recession that would recalibrate the balance between supply and demand, there doesn’t appear to be much relief in sight. Rising prices on materials and labor are shouldering much of the blame for the higher construction costs. And…

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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, whether operated by clicks-to-bricks retailers or mainline chains with advanced multichannel strategies, ultimately alter the…

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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

CAM recs article, 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 by the catchall term “CAM recs”) can account for hundreds of thousands…

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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 be based on traffic and customers rather than traditional metrics such as sales per square…

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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 of dollars over the life of a single tenant’s lease. In extreme cases, that figure…

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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 consultancy CREModels ask a provocative question in a new column for Commercial Property Executive: How…

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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 lease for further detail. The lease abstract should be created in a format that is…

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