Fast backward to Lake Forest, Illinois, 1916. Chicago architect Arthur Aldis called a trend when he convinced Cyrus H. McCormick, Jr., to form the Lake Forest improvement trust to build Market Square. It was to be a shopping complex of 28 stores...
There's an old saying that no job is tougher than the one you take for granted. That could certainly be said about SNDAs and estoppels, two mainstay documents of lease administration that are all-too-frequently overlooked...
There are a variety of quantitative and qualitative performance measures and industry standards that Moody's considers when evaluating the credit quality of a regional mall. The occupancy cost ratio is an important tool in analyzing regional malls...
Many real estate markets are affected by an aspect of consumer behavior — and sometimes supplier behavior — that involves people making rapid, often unexpected, responses to situations they want to avoid. I call this the elastic adjustment factor...
The design-build project delivery method, for years considered the Tinker Toy division of general contracting, is transforming the commercial construction industry. Attracted by guaranteed prices and substantial cost and time savings, commercial...
Retail Traffic ranks the top retail property managers by GLA managed through december 31, 2002...
Investors have long used 1031 Exchange deals to defer taxes when swapping old properties for new ones in their portfolios. Now, thanks to a 2002 Internal Revenue Service ruling, the pool of commercial properties has expanded greatly for small...
CB Richard Ellis has announced it has entered into a definitive agreement to acquire Insignia Financial Group Inc. for $11 per share of common stock in cash, plus the potential for incremental consideration. Upon completion, the transaction would...
At its core, a 1031 exchange is designed to accomplish one simple goal: to avoid taxes. But owners turn to 1031 exchanges to carry out a variety of business strategies. A retail owner might use an exchange to trade an old mall for a newer...