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...
Stamford, Conn.-based General Electric Capital Corp., a diversified financial services company and subsidiary of the General Electric Co., has acquired Chicago-based Heller Financial Inc. for $5.3 billion in cash or $53.75 per share. All required...
Sylvan M. Cohen, chairman of Pennsylvania Real Estate Investment Trust (PREIT), died on Sept. 8 at his home in Center City Philadelphia at the age of 87...
The next great consumer market isn't on the horizon — it's already here. It is the huge and rapidly growing U.S. Hispanic market, which numbers more than 35.3 million, or 12.5% of the U.S. population, according to Census 2000 figures...
In 1998, Manchester, N.H., authorities arrested eight protestors for picketing a Foot Locker store at the then-privately owned Mall of New Hampshire. A subsequent free speech lawsuit and enormous media coverage drew nationwide attention to the...
Birmingham, Ala. – Saks Inc. recently announced plans to close its 128,000 sq. ft. Saks Fifth Avenue store located in White Plains, New York. The company has reached an agreement to sell the real estate to local retailer, Fortunoff, but will...
Equitably written, gross sales and percentage (overage) rent clauses play an important part in the administration of a retail lease. Negotiating clear rent clauses assists both the landlord and retailer achieve a working knowledge of retail...
