By: Nick Machan Property tax assessments of shopping centers and other retail real estate may not capture the full extent of value losses those properties sustained in 2020. To avoid paying more than their fair share of taxes, it is
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By Taj Adhav With everything retailers have endured since early 2020, ASC 842 is probably the last thing on your mind. It’s even possible you’re seeing the term “ASC 842” for the first time. And that’s o.k. However, you might
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By Elliot M. Shirwo, Founder and Principal BridgeCore Capital, Inc. While the pandemic struck a massive blow to retail real estate in 2020, as vaccinations rapidly enter arms in 2021, recovery will begin to set in providing myriad opportunities as
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Even though capital markets are opening up, U.S. retailers will continue to file for bankruptcy and close stores this year, due in part to their need to repay deferred rent from 2020. Declining foot traffic only adds to that pressure
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“What are you wearing?” It’s been a common question in America’s daily vernacular, yet in 2020 — the year of dressing casually to work from home — it has never been less relevant. For those of us in the retail
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Written by Greg Lyon, principal and design director for Nadel Architecture + Planning Retail destinations have undergone an evolution over the past several years. The sharp rise of e-commerce has resulted in retail owners and developers working to ensure they
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Before the coronavirus pandemic, mall and shopping center owners were so much more to pop-up tenants than just landlords. Specialty leasing has become more about business mentoring and support than it has about filling empty space. These supports in design,
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The COVID-19 outbreak had a tremendous impact on retail across the country, and Charlotte was no exception. As stores were forced to close, business owners had to devise creative ways to operate during the pandemic. Rent deferral, Paycheck Protection Program
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California Centers, a sister publication of Shopping Center Business, recently spoke with Brad Umansky, president of Rancho Cucamonga-based Progressive Real Estate Partners and the newly appointed president of the Retail Brokers Network. As Umansky assumed the volunteer role in May,
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By Ray Balfanz, Outlook Management Group What does Milwaukee bring to mind? Beer? Cheese? TV’s “Happy Days”? Perhaps the city chosen as the site for the 2020 Democratic National Convention? Yes, that’s us — being recognized and happy about it.
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The impact of COVID-19 has forced retailers, restaurants and service providers in the Northeast to improve their digital channels and adapt social distancing policies to continue serving customers. With retailers struggling to pay rent, landlords could find mutual benefit in
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It seems that the hottest topic of conversation over the past few days is what to do when a tenant’s business is adversely affected by “the virus.” Based upon conversations with landlords, tenants and property managers there is no doubt
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