While on the campaign trail, then-Sen. Barack Obama famously (or infamously, depending on your point of view) said to a group of Iowa farmers, “Anybody gone into Whole Foods lately and see what they charge for arugula? I mean, they're charging a...
Many retailers have capitalized on the spike in shopping center vacancies to upgrade to better locations and negotiate favorable rents. In addition, for some expanding chains, the downturn has proven to be a time to upgrade their status in the...
The long-in-the-making decline of department stores has been forcing regional mall firms to search for alternative anchors for years. In the past decade, big-box stores, restaurants, discounters and other large space users have all popped up as...
While retailers’ requests for rent concessions have subsided considerably in recent months, they continue to pay close attention to their leases in an effort to cut costs, industry sources say. One area that holds savings potential is common are...
For much of 2009, hhgregg Inc., an Indianapolis-based regional electronics big-box chain, occupied a rare corner of the retail universe: It was a retailer that actually grew its store base.
The chain, which operates stores selling consumer elect...
As vast numbers of U.S. retailers struggle with disappointing sales results month after month, the pressure has grown on landlords to grant relief. And after rebuffing such requests earlier in the year, many landlords are now reconsidering. The...
In today's economic environment, and in the not-too-distant past, developers and retailers both experienced the volatility of an unpredictable economy in recession and retail business negatively affected by unforeseen and costly factors, such as...
In situations where retailers are becoming more selective, lessors are challenged with maintaining rents, and retail landlords have to be creative and resourceful in order to maintain and increase revenues...
Since the economy has slowed, landlords and tenants should review the remedy provisions for defaults under their leases. Like so many legal documents, the details become important. This article outlines some of the important issues to which both...
