In the News

New Standard for Measuring Office Space Takes Effect

December 16, 2014    

The International Property Measurement Standard for Offices (IPMS for Office Buildings) took effect last month, creating a uniform method for measuring property globally. By replacing dozens of standards around the world, the new standard is expected to eliminate confusion, inconsistencies, and...

NYC Aims to Protect Small Tenants During Lease Renewals

September 26, 2014    

The commercial real estate industry is up in arms over a New York City Council bill that aims to change the city’s commercial lease renewal process. One effect of the proposed Small Business Jobs Survival Act would be the creation of a new city-supervised mediation program for lease...

Owner-Skewed Leases Lead to Mall Tenant Lawsuit

August 25, 2014    

Disgruntled tenants at a Virginia mall are learning the hard way that agreeing to an owner’s lease provisions that put the entire cost and obligation to repair on tenants isn’t working out. While it’s not typical for an owner to put all of a property’s upkeep requirements...

Online Retail Growth Hinges on Brick-and-Mortar Locations

July 31, 2014    

The costs and effort involved in leasing and operating a storefront location aren’t cheap—but they’re worth it. A report from Moody’s Investor Services brings good news for online retailers with a physical store presence in the United States: Brick-and-mortar locations...

Survey: Falling Rates Spark Rising Optimism

June 27, 2014    

A new PwC survey of real estate investors in the second quarter of 2014 brings good news all around for the CRE market. The consulting firm’s forecast says that investors expect positive trends to continue in the commercial real estate industry for the rest of 2014—despite...

Country's Tallest Building Falls Short on Rental Rates

May 30, 2014    

One World Trade Center rents have been cut by as much as 10 percent as office leasing activity is still slow in what was once anticipated to be a very popular location for New York City tenants.

A slow economic recovery has created a market that isn’t strong enough for One WTC to...

U.K. Retailer Crosses Pond to Expand Global Brand

April 25, 2014    

U.K. retailer Tesco is returning to the United States, bringing its value-price apparel concept—F&F—to the East Coast. Tesco, which launched F&F in the U.K. and Ireland in 2001, is set to open seven stores this year in conjunction with U.S. franchise partner Retail Group of...

Tenants Seek Hot Deals as Canadian Office Market Cools

March 31, 2014    

While the office market is strengthening stateside, the sluggish demand for office space in Canada may continue, according to real estate services firm CBRE. Vacancies outdid leases across the country during the first quarter of 2014—by 1.5 million square feet. That’s the fifth...

New Lease Accounting Rules Have Owners, Tenants Worried

February 28, 2014    

After months of conflicting reports about when widely anticipated major changes to how leases are treated under accounting rules will take effect, March 2014 has been set as the next date for making a decision on these changes. The new rules would require companies to make extensive disclosures...

Sweet Spot in CRE Market May Sour Tenant Advantages

December 20, 2013    

The Urban Land Institute’s (ULI) Emerging Trends report looks promising for the CRE industry overall, but this may not bode well for some tenants.

The annual report by the real estate development research and education organization shows that the industry is gaining momentum going...

Mall Foot Traffic Tested by Halt on Holiday Cheer

November 26, 2013    

Some Mason City, Iowa, shopping mall tenants could lose out on an influx of holiday customers that come to see seasonal performances there. A dance group and other entertainers have reconsidered performing at the Southbridge Mall due to policy changes.

The dancers didn’t perform at...

Malls Get Second Life as High-Tech Company Campuses

September 27, 2013    

A former shopping mall will be the new site of Google, Inc. after what has been described as the year’s biggest commercial real estate lease deal so far in Silicon Valley. The mall, which is being revamped into office space, is in Mountain View, Calif.

Google isn’t the only...