Real Estate Advisor Law Blog

Real Estate Advisor Law Blog

Category Archives: Retail Industry Issues

Subscribe to Retail Industry Issues RSS Feed

What I Learned at ICSC

Posted in Retail Industry Issues
I just attended the ICSC Law conference in Orlando where I led, along with Maggie Sitko of Sitko Bruno in Pittsburgh,  a seminar on letters of intent. Leasing attorneys all appear to be busy and the numbers reflect that as the conference attracted an all-time high attendance.  This is what I learned at the conference: … Continue Reading

Return of Retail Part Two

Posted in Retail Industry Issues
I recently speculated that retail must be back. I just attended the ICSC Idea Exchange in Columbus, Ohio and got further support for this idea. Robert Myers, Chief Operating Officer of Philips Edison & Company, said they were now seeing increased occupancy rates in the mid 90% with positive absorption, low interest rates on lending, and … Continue Reading

Return of the New Shopping Center

Posted in Development Issues, Mixed Use Development Issues, New Urbanism, Retail Industry Issues
For quite a while there has been very few new shopping centers being developed. Many people may have even questioned whether there would ever be any new significant shopping centers. Apparently, times have changed. In rapid succession, I have been engaged to do the lease up of two brand new, big time, large scale shopping … Continue Reading

Golf Courses Changing their Swings !

Posted in Development Issues, Retail Industry Issues
While the rest of the real estate industry recovers from the downturn of the last several years, the golf course industry is struggling to emerge; it remains a buyer’s market.  Some golf courses are converting to multi-use/multi-generational activities to attract more members and activity to their properties.  Others are converting from "member-owned equity" clubs to … Continue Reading

Strip Mall Deja Vu !

Posted in Leasing Issues, Retail Industry Issues
 Fortune Magazine  recently published an article relating to a conversation with the CEO of Kimco Realty, Dave Henry.  Henry makes some very compelling arguments as to why strip malls and brick and mortar retail in general is here to stay for a while and why the population demographics will continue to provide ample support. Henry … Continue Reading

Leasing Trends in 2013

Posted in Retail Industry Issues
It is now apparent that retail drives our economy. Instead of bashing indulgent consumption, it is time to embrace it. As we approach the holiday season then, it might be a good time to take note of the trends from 2013. 1.      Return to the City or Something Resembling Downtown. The new retail “centers” are increasingly not … Continue Reading

Ulmer Berne 13th Annual Commercial Real Estate Deal Maker Forum

Posted in Development Issues, New Urbanism, Retail Industry Issues
The End of the Suburbs – Where the American Dream is Moving. That’s the title of the newest book by Leigh Gallagher, Assistant Managing Editor of FORTUNE Magazine, and the topic of much interest at the 13th Annual Commercial Real Estate Deal Maker Forum held this morning in Cleveland. The event was co-sponsored by Ulmer & Berne … Continue Reading

ICSC

Posted in Retail Industry Issues
The International Council of Shopping Centers (ICSC) has its annual law conference in San Diego next week. For any attorney involved in retail leasing, it is a must see event. The seminars are very worthwhile. I have been doing leasing for over 20 years now and still come away from each conference feeling like I learned … Continue Reading

I Admit it – I like to Wine

Posted in Retail Industry Issues
Wine is a great hobby – it combines art and science; it has a social component; it may be heart healthy; it definitely improves mental well-being. Combine good wine, with great food in a cool environment and you are asking where to sign up, right? Cooper’s Hawk is a new retail concept that is becoming … Continue Reading

Next Hot Industry Sector

Posted in Retail Industry Issues, Transportation
TRANSPORTATION, LOGISTICTS, SUPPLY CHAIN MANAGMENT,  INTERMODEL, TRUCKING, TRAINS, SHIPPING ok, you get it.  As the economy wakes up goods being moved around the country need to make their way to ports, factories and consumers.  Opportunities abound for projects and developers if they are poised to take advantage of the logistics and supply chain sectors of the … Continue Reading

Is There a Walmart in Your Future ?

Posted in Development Issues, Leasing Issues, Retail Industry Issues
 Walmart has opened its supercenters in many if not most urban and rural communities.  Where do they go next ?  With the over abundance of strip store space just about everywhere Walmart has many options.  Walmart is embracing the concept of ‘in-flll" with three concept store formats with which they are experimenting:   Walmart Express: … Continue Reading

Real Estate and the Final Four !

Posted in Retail Industry Issues
 The NCAA men’s basketball tournament is consuming a lot of bandwith in everyone’s offices.  Perhaps even slowing down the speed of emailing all of those contracts, leases and loan documents around the country.  Have you ever wondered if there is a connection between the real estate industry and the NCAA Tournament ?   We found … Continue Reading

Baby Boomers Start to Retire

Posted in Retail Industry Issues
2011 is the year when the Baby Boomers begin to turn 65 years old.  This trend will continue for the next twenty years.  How is the Real Estate industry going to respond to this demographic reality ?  The impact on society is enormous: housing, transportation and work force issues abound.   Will housing prices be … Continue Reading

Grocery Store Anchored Strip Centers

Posted in Retail Industry Issues
A recent article in REJournals.com noted that the grocery store anchored strip center remains a strong performing retail category. In all geographic markets, there is an over abundance of retail space. There are several reasons for the excess space:             1)  Developers overbuilt with the availability of easy financing.               2)  The economy has forced … Continue Reading

Another Reason To Consider a Flat Tax

Posted in Leasing Issues, Retail Industry Issues, Tax Issues
Landlord’s have gone to fixed CAM to reduce administrative expenses and disputes with their tenants. The government could accomplish the same by going to a flat tax – no need for complicated tax regulations that create unintended consequences; no need for intrusive audits where the government is at odds with its constituents; in fact maybe … Continue Reading

Close Your Eyes and Imagine……

Posted in Retail Industry Issues
The retail industry is changing, or depending upon your current situation, the retail industry has already changed. The days of throwing up a center on every open suburban vacant parcel are long gone and likely not to return anytime soon. Just knowing how to build a retail center is no longer enough. What can you … Continue Reading

Retail Trends We See

Posted in Retail Industry Issues
Toys R Us is leasing a large number of sites on a temporary basis: smaller stores and only for the Christmas season. Temporary leasing might be a trend to capitalize on, especially where you have vacant space in a decent geographic market.  And if you can combine it with a different, complimentary seasonal concept (ice cream … Continue Reading

ELIMINATING OFF-BALANCE-SHEET ACCOUNTING OF LEASES

Posted in Finance Issues, Leasing Issues, Real Estate Tools, Retail Industry Issues, Tax Issues
  Remember Enron and off-balance-sheet accounting scandals? The efforts to clean up these accounting practices are still in the works and are about to hit the world of commercial real estate—arguably at the worst possible time. The Financial Accounting Standards Board (FASB) (which is endowed with the power to decide U.S. generally accepted accounting principles) and its … Continue Reading

Some Good News About Empty Big Boxes

Posted in Leasing Issues, Mixed Use Development Issues, Retail Industry Issues
The current economic downturn and the corresponding contraction of the retail sector have resulted in a glut of vacant “big-box” retail stores in shopping centers across the country. Vacant big-box spaces pose special challenges for landlords and communities. While the number of vacant big-box spaces is daunting, there are glimmers of hope as landlords and … Continue Reading
.