In the assisted living market, costs and competition are forcing operators to look for new ways to reduce expenses and improve their bottom line. A good way to reduce overhead is to minimize real estate taxes...
Valhalla, N.Y. – Starting tomorrow, locally based Cappelli Enterprises will begin the demolition of the former Macy’s store in downtown White Plains, N.Y. The demolition marks the first phase of work on what will be one of the largest real estate...
Indianapolis – Locally based Duke-Weeks Realty Corp. recently announced the resignation of Ray Weeks as vice chairman of the company’s board of directors. There are no current plans to fill the vacancy, which leaves a 13-member board – nine of...
New York – In an effort to drive growth and increase profits, locally based Estee Lauder Co. will close 86 of its 170 Tommy Hilfiger fragrance shops in the United States. The cosmetics and beauty-product maker also plans to retool its computer...
TORONTO – TrizecHahn Corp. is reorganizing its corporate structure and consolidating its United States and Canadian operations in an effort to increase shareholder returns and improve efficiency. Nineteen senior management executive positions and...
After she invested 32 years in Chicago-based American Invsco, a condominium development firm she co-founded with her brother, Evangeline Gouletas has resigned as co-chairman of the company to pursue a new business venture, Skyline Equities Realty...
LAS VEGAS — Homogenization is what ails the shopping center industry today, according to Gordon Segal, founder and CEO of Crate and Barrel, who shared his company’s success story at the ICSC Spring Convention held here May 20-23. And at the root...
Leases often provide that a landlord has agreed to give a tenant an improvement allowance (Allowance) for enhancements to be made to the leased premises. However, because leases often fail to describe who owns those improvements to be paid for by...
Edgewater, N.J. – Locally based Starwood-Heller LLC is developing the final phase of The Promenade, a $75 million mixed-use community located in Edgewater. When completed next year, the complex will include 160,000 sq. ft. of retail space, 325...
