Posts Tagged ‘Retail Real Estate’

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

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 of dollars in…

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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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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, joining a parade of once-ubiquitous retailers — Macy’s, Sears, Payless, American Apparel, the Limited and…

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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 of bankruptcy and liquidation that haunts so many retailers these days, after it got an…

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