A creditworthy tenant dealing with an overly cautious lender may be confident that its financing will go through, but won’t want to wait until the deal is complete before it signs the lease. Don’t be surprised if the tenant asks you to give it early access to its space, so that its...
Shopping mall owner and manager Glimcher Realty Trust has come up with a tenant-mix formula that’s outsmarting the Internet competition that has been threatening the success of...
An exclusive use clause is a highly valuable clause in a tenant’s lease because it will grant the tenant the sole right to sell certain products or operate a certain type of business in the shopping center where it rents space.
New findings show much-needed improvement in the nation’s real estate markets. As the CRE market continues to rebound in a lackluster economy, industry executives say multifamily development will continue to grow. However, they remain focused on initiatives that increase operational...
In a good economy, where commercial properties enjoy low vacancy rates, owners can more easily avoid giving termination rights to tenants. But in the past few years, more tenants have been negotiating to get them. Allowing a tenant to terminate its lease should be a last and final resort;...
Q I own a shopping center in a neighborhood that’s undergoing “urban gentrification,” but still has some rough areas where petty crimes take place. The lower rent and extra space I can offer to tenants is attractive, but...
Q A current tenant is negotiating a move to another space in the same retail center I own. Which relocation costs are fair for me to pay, and what costs should I expect the tenant to cover?
Q To correct a building code violation, I took over the storage area in office building space that’s currently rented by a retail tenant. The tenant breached the lease by not complying with the building code, which it was required to do...
Before a prospective tenant signs a lease for space in your shopping center, it will want to know certain information about the center to make sure that the space will be advantageous to its business. The information it's interested in will most likely include items like the location of the...
While the commercial real estate market showed signs of recovery in 2011, credit tightened in the past year for small businesses, according to a National Association of Realtors (NAR) survey. NAR reported that 474 commercial real estate agents credited a lack of capital for soured deals on...
The Federal Trade Commission (FTC) is putting a damper on the U.S.'s largest provider of commercial real estate information services, breaking up what CoStar Group had hoped to be a lucrative combination of its services after acquiring LoopNet for $860 million. Although CoStar and LoopNet...
