Eight Changes That Will Impact the Retail Real Estate Industry
The retail real industry has experienced its share of changes over the years, but nothing comes close to the transformation that it is currently undergoing.
As the industry undergoes what the International Council of Shopping Centers calls one of the “most profound transformations” in its 60-year year history...read more
7 Reasons for Selecting a Lease Audit Candidate
by Rick Burke;
Benjamin Franklin said, “By failing to prepare, you are preparing to fail.” This is very true when it comes to selecting audit candidates for a lease audit initiative. If you’re a tenant with a lease audit program and not paying close attention to how audit candidates are selected, then you are not maximizing your savings, and in fact, losing money. read more
Retail Real Estate Advocate Offers CFOs a Solution
"Who Agreed to this Language?"
How many times has a retail CFO been handed real estate leases containing terms which cause him or her to ask, “Where did these provisions come from? Did we understand the costs of compliance?”
The results of not reviewing lease terms prior to execution can morph into a lot of headaches and difficulties that come with hefty price tags. In fact the cost of poorly designed leases can be so damaging to bottom line performance, that one prominent lease administration executive is advocating a new, proactive lease process that can help retailers avoid unfavorable lease clauses and eliminate negative surprises for tenants who may have not budgeted in a given lease year. read more..
Retailers Should Beware the Pitfalls of 'Early Termination' Clauses for Failure to Obtain regulatory Approval
Paul White, Esq. and Grace McGuire, Esq. discuss the ins and outs of these clauses - why it’s good to have them in the lease if your business is subject to governmental approval, and the “good faith” efforts to obtain regulatory approval you must show if you end up needing to invoke them. read more