Pless Law Firm的动态

Patrick Abell and Andrew Solomon share how commercial landlords can regain possession of a property and terminate the lease of a failed restaurant tenant in a way that minimizes the damage and maximizes the future opportunity for the space in a recent article for the Daily Journal of Commerce. Learn more here. https://ow.ly/R8iN50TgW3q #StoelRives #AheadOfSchedule #CommercialLandlord #CommercialRealEstate #Lease #RestaurantLease #CommercialLease #RealEstate #RealEstateLaw #Lawyer #Attorney

Interested in learning about ground leases??Join the American Bar Association's RPTE ABA on September 11, 2024 for "Retail Ground Leases: A Primer." This program is a primer on important legal issues in retail ground leases from the landlord, tenant, and in-house counsel perspective. The program will discuss some important drafting, negotiation and diligence strategies, with a focus on the out-parcel, restaurant, and retail space, as well as best practices for these types of transactions.? A link to the information and registration is in the comments below.

Sometimes it just IS the location?? Every now and then a location just isn't right, no matter who trades from it....now there can be a myriad of reasons why a site doesn't work; - too much competition; - weak offering; - wrong catchment; - or it's just cursed ?? Poundland originally acquired "up to" 71 former Wilko stores and are likely to have been in occupation on licences from the administrator whilst trying to secure an assignment or, more likely, a regear of the lease. It's unclear whether these stores were simply occupied on a licence and Poundland were unable to reach agreement with the landlord or if trading was just that poor. As difficult as closing stores is, keeping them open longer than you should can be even worse. If you have an estate that's overdue a spring clean and want to discuss what to do with your portfolio: - whether an initial review to discuss options; or - more detailed advice on how to deal with troublesome sites the team at Greenwoods Legal LLP can help, so give us a call. #retail #retailproperty #highstreet #shoppingcentres #landlord #retailpark #landlordandtenant #hospitality #leisure #commercialproperty #realestate #lawyer

Southland Center in Taylor officially has a new owner. The downriver shopping mall at 23000 Eureka Road near Racho Boulevard sold late last month for close to $51.5 million to an entity called Southland Holdings I LLC, staff in the city assessing office said on Wednesday. That entity is connected to Greenwood Global Inc., based in the northern Chicago suburb of Glencoe, and former shopping mall executive Alex Berman, according to state business records. A property transfer affidavit listed the sale as finalizing on Dec. 30, according to city staff. Read more today in Crain's Detroit Business https://lnkd.in/eUfUUFa9

BIG LOTS? More like BIG OPPORTUNITY. Bids are now being accepted for the leases of 296 Big Lots locations, including 10 prime spots in South Florida. While big-box spaces are often seen as risky, these locations present a tremendous opportunity due to their location. Many high-quality tenants will be vying for these spaces, and it's likely that the South Florida sites will be quickly snatched up.

Representing both the buyer and seller in the sale of a #hospitality property at 8100 MacArthur Blvd in Oakland, CA, involves balancing the interests of both parties while ensuring a smooth transaction. The property, located in Oakland CA, offers unique opportunities for the buyer to capitalize on the area's growth while enabling the seller to achieve a favorable exit. We as brokers must navigate complex negotiations, from securing competitive pricing for the seller to facilitating the buyer’s due diligence process, including market analysis, zoning considerations, and financing. Effective communication and transparent handling of all terms are crucial to ensure a mutually beneficial outcome. We couldn't be happier for both parties. Theodore Wong, CCIM #jalilicommercialgroup, #compasscommercial #cre #welovewhatwedo

https://lnkd.in/gZBUM5VC Possible opportunities in a tight and low vacancy retail space market however it will depend on the locations that will become available; their buildings are typically 7k SF so that's alot of space accompanying with higher rent obligation as more than likely the locations that become available will be on below market ground rents relative to newer ground rents so expect some LL's will adjust accordingly.

REAL Deals are back!!! Always great to execute deals with colleagues from Indy REAL. If you've done a REAL deal, we want to hear about it! Please DM REAL deals to Indy REAL #indyreal #realdeals #realestate

We met with Red Lobster a couple of years ago because we knew that ~25% of what they were spending on benefits was complete waste. That equaled ~$2,000 per employee --- per year. They didn't take any action --- and that was our fault. You see, at the time, we didn't have a sales process that clearly illustrated the opportunities within their benefits program. As a result, nothing changed...until it did. After learning from our mistakes, we developed the Total Benefits Assessment, which helps stakeholders quickly identify the opportunities within their benefits program. For our clients, this methodology of quantifying the value equation of their program serves as a framework for continuous improvement. This new-found clarity gives businesses the insight needed to set goals and make effective business decisions regarding what is often a top-three expense. If you're interested in learning about opportunities in your benefits program, visit our website and take the free self-assessment. Health Compass Consulting Maurice Clarke

Bankruptcies in the retail sector surged to a three-year high in 2023, but landlords view this as a chance to upgrade their tenant mix. Kimco Realty Corporation, for instance, is already attracting top-tier tenants like Raising Cane's and Fifth Third Bank for spaces vacated by Red Lobster. Retail vacancy is at a near-record low of 4.1%, enabling landlords to replace bankrupt tenants quickly and often at higher rents. What does this shift mean for the future landscape of retail properties??