Content about Lease

April 25, 2013
SRS Real Estate, Cresa create lease admin company

SRS Real Estate Partners and Cresa announced an agreement to form a new company to perform lease administration services for retail, office and industrial clients.

Dallas -- SRS Real Estate Partners and Cresa announced an agreement to form a new company to perform lease administration services for retail, office and industrial clients.

The new company will be known as SRS-Cresa Lease Administration, and will deliver a spectrum of lease administration services including critical date management, CAM audits, occupancy cost reconciliations, and full portfolio lease administration services out of currently established offices in Dallas and in Chicago.

 

March 4, 2013
NAI MLG Commercial names VPs

NAI MLG Commercial announced that Tim Janusz and Brett Garceau have been promoted to VP.

Milwaukee -- NAI MLG Commercial announced that Tim Janusz and Brett Garceau have been promoted to VP.

Janusz specializes in office landlord and tenant representation, and Garceau specializes in the lease and sale of industrial properties.

 

December 3, 2012
Brixmor announces multiple leases with Ross Dress for Less

Brixmor Property Group announced four lease executions with Ross Dress for Less across the Brixmor portfolio.

New York -- Brixmor Property Group announced four lease executions with Ross Dress for Less  across the Brixmor portfolio. Within the Brixmor portfolio of shopping centers, Ross currently has 26 locations in 11 states and encompasses approximately 800,000 sq. ft.

September 24, 2012
Books-A-Million leases former Borders location

Metro Commercial Real Estate announced that Books-A-Million has signed a lease for a 30,077-sq.-ft. former Borders located at 101 Geoffrey Drive in Christiana (Wilmington), Del.

Wilmington, Del. -- Metro Commercial Real Estate announced that Books-A-Million has signed a lease for a 30,077-sq.-ft. former Borders located at 101 Geoffrey Drive in Christiana (Wilmington), Del.

The new Books-A-Million is expected to be open before year end.

 

September 24, 2012
Rent Commencement and Construction

By Sandra Gold Slon, attorney, Los Angeles-based TroyGould

By Sandra Gold Slon, attorney, Los Angeles-based TroyGould

April 19, 2012
Divaris completes leases for 
over 80,000 sq. ft.

Divaris Real Estate Inc. announced the following lease transactions were completed for several retail tenants:

Virginia Beach, Va. -- Divaris Real Estate Inc. announced the following lease transactions were completed for several retail tenants:

A lease extension was signed with Tidewater Finance Co. for 25,516 sq. ft. of retail space in the DRE-leased and –managed Tidewater Plaza in Virginia Beach.

November 21, 2011
Blakeney announces new leases, expansions

CNL Crosland Commercial Real Estate announced two new tenant signings and an expansion for an existing retailer at Blakeney, a retail shopping center in south Charlotte, N.C.

Charlotte, N.C. -- CNL Crosland Commercial Real Estate announced two new tenant signings and an expansion for an existing retailer at Blakeney, a retail shopping center in south Charlotte, N.C.

Flywheel Sports is slated to open at Blakeney in January. Accessory boutique Bijuju opened earlier in November, and Creative by Nature Home doubled its square footage and moved into a new space in September.

October 10, 2011
You Can’t Avoid FASB Changes Forever

By Andy Thomas, president and COO, Virtual Premise, Inc.

By Andy Thomas, athomas@virtualpremise.com

September 23, 2011
Pier 1 to open three new metro NYC locations

Welco Realty, an X Team Partner, said it has arranged a lease representing Pier 1 Imports for Rego Center, in Queens, N.Y., for 8,500 sq. ft.

New Rochelle, N.Y. -- Welco Realty, an X Team Partner, said it has arranged a lease representing Pier 1 Imports for Rego Center, in Queens, N.Y., for 8,500 sq. ft.

The firm represented both the landlord and tenant for leases at Bay Plaza Shopping Center, Bronx, N.Y., for 9,599 sq. ft. and at Summerhill Square, in East Brunswick, N.J., for 9,000 sq. ft.
 

May 6, 2011
Panera Bread to open new Manhattan location

SRS Real Estate Partners said that Panera Bread has leased 6,926 sq. ft. on the ground-floor and basement levels at 120 E. 86th Street in Manhattan.

New York City -- SRS Real Estate Partners said that Panera Bread has leased 6,926 sq. ft. on the ground-floor and basement levels at 120 E. 86th Street in Manhattan.
      
The lease was arranged by way of a termination with the current tenant, Walgreens, and a new lease execution with Panera.

April 4, 2011
Lease exit strategy subleases

Sandra Gold Slon, real estate partner, TroyGould

By Sandra Gold Slon

Who needs an exit strategy? In this economy, most of us are aware of tenants facing difficulties in meeting their lease obligations. If we weren’t thinking about it front and center, it was brought front and center when Borders declared bankruptcy, closing hundreds of stores.

March 1, 2011
High rent, wrong use?

Some highly unusual tenant mixes have been popping up everywhere in the retail market over the past couple of years.

By Jason S. Baker

February 16, 2011
Survey: Only 7% of companies are well prepared to comply with new leasing standards

Only 7% of executives believe their companies are extremely or very prepared to comply with new lease accounting standards proposed by the Financial Accounting Standards Board (FASB), according to a recent Deloitte survey.

New York City -- Only 7% of executives believe their companies are extremely or very prepared to comply with new lease accounting standards proposed by the Financial Accounting Standards Board (FASB), according to a recent Deloitte survey.

December 10, 2010
Grubb & Ellis bolsters lease administration capabilities

Grubb & Ellis Co. announced that Susan E. Calvert and Joe I. Munoz have joined the company’s Lease Administration group.

Santa Ana, Calif. -- Grubb & Ellis Co. announced that Susan E. Calvert and Joe I. Munoz have joined the company’s Lease Administration group.

Calvert, who joins as manager, Lease Administration, spent two years as a real estate administrator with SRS Real Estate Partners, where she was responsible for commercial portfolios spanning approximately 350 locations. Munoz, who will also serve on the lease administration team, spent seven years with SRS Real Estate Partners, ultimately rising to the position of lead real estate administrator. 

December 3, 2010
SRS Real Estate names lease admin exec

SRS Real Estate Partners announced it has appointed Stan Heller as executive VP of its lease administration service line.

Dallas -- SRS Real Estate Partners announced it has appointed Stan Heller as executive VP of its lease administration service line.

In his new role, Heller will focus on helping the lease restructure and renewal team in lowering client occupancy costs, as well as pursuing new business for the company. The addition of Heller comes on the heels of a strategic move to grow the company’s lease administrative presence in the industry.

December 1, 2010
Focus on: Smart Growth 
Chains, big and small, plot growth with caution

Eighteen months ago, the word in retail was contraction. Talk of expansion was mostly shelved, pending some kind of palpable turnaround in the economy.


Eighteen months ago, the word in retail was contraction. Talk of expansion was mostly shelved, pending some kind of palpable turnaround in the economy.


Today, as 2010 comes to a close and all eyes are trained on 2011, discussion about adding stores is supplanting talk of closures. But, caution the experts, retail growth should unfold slowly and strategically, and not with the optimistic abandon of years past.


October 19, 2010
Mid-America Real Estate names exec

Mid-America Real Estate Corp. announced it has named Bill Wright as VP....

October 14, 2010
Park Tower Group announces retail lease renewals

Park Tower Group said Thursday that three high-end retailers have renewed their leases at 535...

October 12, 2010
Lucernex partners with Fell to expand lease admin services

Real estate solution-provider Lucernex Technologies said Tuesday it has partnered with Fell Lease Administration LLC,...

October 11, 2010
Subordination, Non-Disturbance and Attornment (SNDA): What does it mean? Why do tenants care?

What is an SNDA?
Tenants who become tired when reading complex and lengthy leases may be tempted to skip over a paragraph at the end of the document that starts with the words “Subordination, Non-disturbance, and Attornment” (SNDA).  However, the SNDA language has taken on new importance in this economic environment in which it is no longer shocking to learn that a commercial landlord has walked away from the mortgage on his major office building. 

June 9, 2010
Avoiding the 'CAP Trap'

With cutting costs top-of-mind for every retail chain trying to make ends meet in a lingering downturn, the National Retail Tenants Association (NRTA) is using its influence and expertise to address the occupancy side of the retail expense equation.

With cutting costs top-of-mind for every retail chain trying to make ends meet in a lingering downturn, the National Retail Tenants Association (NRTA) is using its influence and expertise to address the occupancy side of the retail expense equation.

March 24, 2010
Baskin Robbins to open at Foothills Mall

Baskin Robbins franchisee, DP Ventures, LLC, said Wednesday it has signed a lease with Foothills...

January 12, 2010
Big Lots, Aldi lease Casto space in Cincinnati area

Casto announced Wednesday that it, and its joint-venture partner Investcorp, has completed two new retail...

April 30, 2007
Retail’s Newest Pros

Aunique collaboration between a professional retail association and a major university may move lease administrators...