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Byline: Aaron Elstein Michael Kors effectively cut its rent in half while expanding its location at 667 Madison Ave., becoming the latest big retailer in the Plaza District to land [...]

Byline: Kirk Pinho A planned Amazon Fresh location in metro Detroit will finally start selling groceries soon. But it definitely won't be Amazon Fresh selling them. Kim Nhung Superfood Inc., [...]

Byline: David Winzelberg Tony's Tacos, a growing chain of restaurants on Long Island, is coming to The Shops at SunVet in Holbrook. The chain leased a 4,400-square-foot restaurant space on [...]

CP Group, an owner-operator of office properties throughout the Sunbelt, along with DRA Advisors, reported that it has executed almost 100,000 square feet of leasing activity at CapRock the three-building, [...]

Thomas King, president of the data and analytics division at J.D. Power, explained why this month has been a tricky one for used-car managers and leasing specialists at franchised dealerships. [...]

Commenting on third quarter results, Brent Smith, Piedmont's president and CEO, said, 'The portfolio's leasing momentum continued during the third quarter with the team executing over 461,000 square feet of [...]

Reports Q3 revenue $83.4M, consensus $82.35M.Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments Corp. stated, '2024 continues to be one of our most productive years in [...]

Byline: David Winzelberg Northwell Health has leased 19,162 square feet of office space in Melville. The health system will use the space at 40 Melville Park Road for a new [...]

Byline: Kirk Pinho Detroit's two daily newspapers are looking for a new home. On Oct. 10, the state's largest daily newspaper, the Detroit Free Press, said it was being forced [...]

This article explores the significance of including exclusive use clauses and radius restrictions in commercial leases to protect both landlords and tenants from competition. Exclusive use provisions limit the landlord's ability to lease space to competitors that could harm the tenant's business, which is particularly important for anchor tenants and small businesses. On the other hand, radius restrictions prevent tenants from opening similar businesses within a specified radius of the leased premises. While these restrictions offer financial security for landlords, they may impede a tenant's business growth. The article provides guidance on drafting these provisions, discusses common remedies and exceptions, and emphasizes the need for careful language crafting to ensure legal validity and avoid unintended consequences. The authors, Alvin C. Miester III and Jonathan B. Cerise, are members of a law firm in New Orleans, Louisiana. [Extracted from the article]

At the end of last year, property agency Savills reported a 'significant bounce-back' in leasing activity in the South East office market. If this sounds like deja vu, that's because [...]

The article analyzes the impact of the accounting treatment of lease contracts on the profitability of a project. It highlights the importance of considering the tax cost of the transaction and how the delay in the tax cost can increase the project's profitability. It also mentions the relevance of properly evaluating the risk and profitability when financing projects with own resources or debt. Additionally, it discusses the accounting for lease contracts and the difference between operating and financial leases. The text deals with the criteria for determining whether a contract is considered a lease. It is established that an asset is considered leased if the provider cannot fulfill its obligation using alternative assets and if the client has the right to control the use of the asset. Different conditions that must be met for a lease to exist are mentioned. Furthermore, it explains how leases should be recorded in the financial statements. The possibility of implicit derivatives in lease contracts is also mentioned. Finally, it indicates how lease payments should be allocated to each leased asset. The article deals with the classification criteria for leases from the perspective of the lessee and the lessor. It is mentioned that minimum lease payments include the payment for the purchase option when there are no reasonable doubts about its exercise. It is also mentioned that minimum lease payments include any amount guaranteed by the lessee, whether directly or indirectly. In addition, indicative situations are established in which the lease should be classified as financial. Finally, it is mentioned that the implicit interest rate in the lease is used to determine the present value of the minimum payments. The article deals with the accounting criteria for financial and operating lease contracts. In the case of financial leases, the lessee values the leased assets at the beginning of the contract and distributes the financial burden over the lease term. The lessor recognizes a credit for the present value of the minimum payments to be received. As for operating leases, the minimum receipts and payments are recognized in the results over the lease term. Additionally, it is mentioned that business leases are accounted for in accordance with business combination standards. The article deals with the accounting for lease contracts for assets or businesses. It is mentioned that the acquirer should not recognize personnel expenses or employees that it does not have under contract. Additionally, the classification of the lease as a business or service and its impact on the valuation of inventories are discussed. An example of leasing assets for an amusement park is also mentioned, and the criteria for accounting for the acquisition of the business are explained. Finally, the application of IFRS 16 Leases and its implications for lease accounting are mentioned. The article discusses the right of a provider to substitute an asset on a specified date or after a specific event. It argues that this right is not substantive because the provider does not have the practical ability to substitute alternative assets during the period of use. Therefore, it is concluded that there is an identified asset throughout the period of use, not just when the asset cannot be substituted. [Extracted from the article]

Byline: Aaron Elstein Restaurateur Michael Weinstein took a risk others refused when he opened the Bryant Park Grill almost 30 years ago. The park was a shambles in the 1980s, [...]

Rexford Industrial Realty announced the lease-up of 500 Dupont Avenue, located in Ontario in the Inland Empire - West submarket. 'Rexford Industrial's strong execution and informational advantage across our vertically [...]

Gladstone Commercial Corporation has executed a 5-year lease extension with Morgan Stanley Smith Barney Financing LLC through December 31, 2030 for 72,301 square feet of its 101,869 square foot office [...]

Byline: Brian Johnson After more than 30 years in Plymouth, Pella Northland is looking to the future. The company is settling into its new headquarters in Brooklyn Park, where the [...]

The hedge fund giant Citadel is said to be in talks to lease office space on Fifth Avenue. The planned move comes as the firm awaits the construction of its [...]

In the first half of 2024, the industrial and warehousing sector across the top five cities in India experienced a robust demand, with around 13 million sq ft of leasing [...]

CTP, a European developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), reported it has leased over 100,000 sqm of logistics space across its business [...]

The company states: 'Same-Store Property Cash Net Operating Income increased 7.4% year-over-year, excluding lease termination fees, primarily driven by higher revenues from cash rent commencement, which was partially offset by [...]

Byline: David Winzelberg After acquiring a major office property in Woodbury last year, the new owners have brought it to nearly full occupancy. ARJI Woodbury LLC, a joint venture between [...]

CTP, a European developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), reported it has leased over 100,000 sqm of logistics space across its business [...]

This article explores the complexities of lease agreements, particularly in commercial settings. It explains that tenants are responsible for more than just base rent, as they also need to cover operational expenses like insurance, taxes, utilities, and maintenance. These expenses are often passed on to tenants through operating expense charges. The article discusses different types of leases and how responsibilities for these charges are allocated. It also delves into the differing perspectives of landlords and tenants on insurance coverage and maintenance responsibilities. The authors stress the importance of clear communication and understanding between parties to navigate these complex lease provisions. [Extracted from the article]

Gladstone Commercial Corporation (GOOD) announced that it has executed a 7-year, 2-month lease with Hub Group (HUBG) at its 966,753 SF industrial building in Taylor, Pennsylvania, commencing July 1, 2024. [...]

Desport, a chain comprised of former Decathlon stores in Russia, has started leasing some of its stores to fitness centers, sports schools and retailers that sell related products. The retailer [...]

According to a report issued by CREDAI in collaboration with CRE Matrix, Grade A office space leasing demand in India will cross 70 Million Square Feet (MSF) this year. The [...]

INTERNET BUSINESS NEWS-(C)1995-2024 M2 COMMUNICATIONS US-based Bridge Commercial Real Estate, a commercial brokerage subsidiary of Bridge Investment Group, has executed a combined new 205,761 square foot office lease at 1055 [...]

FEATURES PROS/CONS Timaru-based XL Structural, which specialises in designing and building, has laid out the pros and cons of investing in commercial property, saying any potential investor needs a clear [...]

Business Park Sofia (BPS/the Park) has reported a series of significant new and renewed leases over the past twelve months, solidifying its position as a premier destination in Central & [...]

In a move to deliver digital optimization to the Canadian market, taq Automotive Intelligence reported it has partnered with Canada's lease take-over specialists LeaseBusters, solidifying the commitment of both organizations [...]

Byline: Aaron Elstein Skims Body, the apparel company founded by Kim Kardashian, will pay a dramatically lower rate to lease a space in a Fifth Avenue Beaux Arts mansion for [...]