A recent U.S. Supreme Court ruling in 14 Penn Plaza LLC v. Pyett is good news for owners who, under their tenants' leases, must hire unionized employees to work in their buildings. Many owners fear the consequences of employee claims brought by the union on employees' behalf....
Over the course of the past 15 years, wireless communication has changed from a novelty to a necessity for everyday life. The rapid growth has given rise to the need for wireless carriers to install and operate a greater number of cell tower sites in greater concentrations and over larger...
Annapolis, Md., Mayor Ellen Moyer kicked off a grant application process on September 14, offering up to $10,000 to commercial property owners who add some artistic flair, such as murals, artistic lighting, or other works of art, to their buildings.
The delinquency rate on commercial property loans pooled together into investments—estimated at around $750 billion—hit nearly 3 percent in the second quarter, almost tripling from where it was at the end of last year, according to Reis Inc. The Real Estate Roundtable, which...
In today's market, more tenants are leaving their leases early if their businesses are in trouble. Consequently, owners that are left in the lurch with broken lease agreements and a sudden loss of rental income must be prepared to quickly turn over tenants to fill vacant space. Creating...
As the recession wears on and continues to affect commercial real estate, industry professionals' instinct is to rein in spending, cut back to only essentials, and try to maximize profits. So it is surprising that real estate experts are recommending that commercial property owners invest in...
Given the current state of the economy, it is not surprising that tenants struggling to stay in business are resorting to rarely used negotiation tactics to ride out the downturn. Specifically, there has been a rise in rent relief exchanges, in which owners temporarily reduce rent for...
“On-demand” office companies provide both space and services for small companies and individuals seeking an office and the benefits of being in a traditional business environment, without the cost. Because a growing segment of the market is downsizing and streamlining the services...
When a commercial tenant stays in its space after its lease term expires, it becomes a “holdover” tenant. The most common reason for a holdover is the tenant's inability to move because its new space isn't ready yet. As a result of a tenant's mismanaging its relocation, a...
Investors are showing a new interest in a government program aimed at spurring lending in the troubled commercial real estate market. The program is part of a larger consumer lending effort called the Term Asset-Backed Securities Loan Facility (TALF), which is a prominent part of the efforts by...
If your retail tenants install arcade machines in their spaces to attract customers and boost revenue, chances are you're not collecting all the percentage rent you're entitled to. Many retail tenants install assorted arcade machines—such as video game machines, virtual reality...
Many commercial property owners are continually looking for the next big opportunity to expand their real estate investments, while minimizing costs and management responsibilities. A trend in real estate ownership over the past decade—1031 triple net (NNN) tenants in common exchanges...
