Landlords and their lenders need to rethink their position on payment of construction allowances. The rental structure of a lease is based in part on the amount of the allowance. If a tenant receives no allowance, the lease would undoubtedly provide for a lower rent payment. A portion of the rent is repayment of the allowance
Five Points to Consider When Leasing Construction Equipment
As the construction industry starts to rebound from a down market, rentals of project equipment are on the rise. Whether you are an owner, principal contractor, or specialty trade subcontractor, you may very well be renting equipment for use on an upcoming project. Here are five important points to bear in mind:
Top 10 Reasons to go to ICSC Law Conference
The ICSC Law Conference is being held this week in Phoenix. It alternates from the West to the East each year – this year it’s out West. It is a great conference for any attorney practicing in the retail real estate industry. Here are the top 10 reasons for attending:
10. There is a seminar on
Co-Working Office Space
As more workers and entrepreneurs are requiring space to hold meetings and appointments outside the company office, there is a growing need for locations away from homes in which to "plug in", make phone calls without the background music and noise of a Starbucks or other such cafe. The industry which addresses this need is referred
Taking Advantage Can Be Disadvantage
A recent off hand statement by a Landlord’s attorney got me thinking. I was representing a national retailer in a lease negotiation. We got to an issue that sophisticated landlords typically ask for and most retailers typically concede. Our client, however, does not typically concede the issue. The issue has unique meaning for our client because
Retail Trends We See
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
Creative Leasing
Vacancy rates are up; occupancy rates are down. This spells opportunity for tenants and challenges for landlords. The instinct which once prevailed in the real estate industry was to "go for the jugular" and cut the best deal you possibly can. But real estate professionals know that today’s "tenant market" will become tomorrow’s "landlord