Vans is entering into negotiations with its landlords for lease terminations or rent reductions related to its 11 skateparks, three of which are owned by Mills Corp., two by Simon Property Group, one by PREIT and one by Belz...
Both sides are saying they won, but Wall Street analysts argue that Indianapolis-based Simon now has the upper hand in its hostile takeover bid for Bloomfield Hills, Mich.-based Taubman. Yesterday, Michigan District Court Judge Victoria Roberts...
In its 1960s heyday, Villa Italia, a 1.5 million-square-foot enclosed mall in Lakewood, Colo., was a luminary among regional centers. But by 2001 it stood empty, like the fossilized shell of a long-extinct animal, as 80,000 cars drove past daily...
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...
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...
