I just attended the Advanced Commercial Lease Institute at Georgetown University Law Center. The Institute “brings together the brightest minds in the commercial leasing industry” to discuss “the most up-to-date and pressing subjects faced by commercial leasing attorneys.” Attendance is by invitation only and limited to those with at least 10 years of leasing experience.
Not Just My Kids Who Need (Want) Larger Allowance
The new IRS repair regulations can impact how tenant allowances are structured.
Traditionally, landlord and tenants have relied on the Section 110 safe harbor so that provided the allowance is spent on leasehold improvements, the allowance is not taxable to the tenant and the landlord depreciates the leasehold improvements over 39 years.
Under the repair
Hot or Not?
The future of Radio Shack appears to be in jeopardy. The news got me thinking about the hot retailers to target as replacements, or just to target as draws for your center.
- Apple store. No duh. Every Apple store is incredibly successful. They generate large sales because they have great products and provide a great
O-H-I-O
Now that The Ohio State Buckeyes have won the National Championship and proven that we in Ohio ARE the best in college football, it made me think about what else we do great in Ohio:
- We are the Mother of Presidents. More of our country’s presidents come from Ohio than any other state. William Henry
What I Learned at ICSC
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:
Return of Retail Part Two
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
Return of the New Shopping Center
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
Leasing Trends in 2013
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
ICSC
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
I Admit it – I like to Wine
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