Last year, upon returning from ICSC’s John T. Riordan School of Professional Development in Minneapolis, I felt the need to write a blog entry on the use of “ALWAYS” and “NEVER” when referring to commercial leases. In short, the only absolute that may exist in commercial real estate is that there are no absolutes. This… Continue reading Two words that STILL don’t exist in commercial real estate (this time related to sales reporting and percentage rent)
If you have followed this lease administration blog for the past couple of years, or even if you have just stumbled upon it because of a question you have had related to some lease related term, you are the type of person that would absolutely benefit from ICSC’s John T Riordan School for Retail Real… Continue reading John T Riordan School for Retail Real Estate Professionals
This past week, I was in Minneapolis with about 175 other shopping center professionals for ICSC’s John T. Riordan School of Professional Development. If you have not been, it is a tremendous experience, with tracks for leasing, management, marketing, development and leadership, with electives for finance, at levels for both newer and more experienced professionals.… Continue reading Two words that cannot exist in commercial real estate
Any change made to a lease has a value to one of the parties. Some have very straightforward calculable values – reducing minimum rent from $25/sf to $24/sf or changing the percentage rent rate from 6% to 5%. Others have an absolute calculable value, but take a little effort to determine that value – changing… Continue reading How do YOU determine the value of a negotiated exception to a lease?
Over the next week, I will be putting together a new class for ICSC’s John T Riordan School for Professional Development. The class will be offered as an elective for the Management, Marketing and Leasing tracks at the school which is being held September 23-27, 2018 in Minneapolis. A previous version of the class focused… Continue reading The economics of a lease