Many state statutes recognize that a recent sale represents the best evidence of market value for real estate tax assessment purposes. Given the record number of real estate acquisitions over the past few years, assessors have accumulated evidence...
This is not your grandmother's Saks Fifth Avenue. For starters, it's 300,000 square feet, about triple the average size of an existing store. Then there's the line of revelers standing in line to press somebody else's flesh in the nightclub. Oh...
In a landmark case, a New York State trial judge recently ruled that a tenant who remained in commercial space after its lease expired is liable not only to the property owner, but also to the incoming tenant...
Consolidation within the retail real estate world has been rampant in recent years, but that pace of growth slowed slightly in 2005. The amount of space controlled by the top 10 owners on our list grew by just 6.6 percent in 2005 — a total of...
When Supervalu Inc. and a host of partners agreed to the $17.4 billion breakup of Albertsons Inc., divvying up its nearly 2,674 stores, it was the latest in a series of consolidations and bankruptcies in the supermarket industry. Just six months...
With final zoning approvals in hand, The Lutgert Companies and The Barron Collier Companies are poised to begin construction of The Mercato, a mixed-use fashion-based lifestyle center in Naples, Florida. The project, situated on 53 acres on U.S...
One of the most striking buildings on Chicago's skyline is CNA Center. Since it was built in 1972, the 1.3 million sq. ft. red tower has operated as a single-tenant structure. During the past few years, however, its lone occupant, business insurer...
Abuilding boom is under way in the limited-service hotel sector, also known as midscale without food or beverage. Approximately 25,800 rooms are under construction — and another 17,898 rooms are in the planning stages...
Given the unprecedented flow of capital into real estate, many investors have been making inquiries into both public and private real estate investment trusts (REITs). Let's examine this complex question in depth, focusing more on the realities of...
A growing number of real estate investors are pursuing value-added opportunities, either by repositioning existing assets or undertaking new development. It's a bold approach that requires ingenuity, but which can generate big yields, ranging...
