SCBlog

Retail condominiums are a unique product type, and many real estate investors hold some misconceptions about the ownership structure. Here, we break down the complexities of retail condo ownership, answer a few of the questions frequently asked by investors new to the asset class, and also explore what may impact future supply and demand. Q: How does a condominium differ from other ownership structures? A: In major cities where high-density developments are popular, we frequently see mixed-use projects being built, either new construction from the ground-up or older buildings being …

The pandemic put a spotlight on essential retailers, and despite a resurgence across nearly all retail categories, the grocery sector remains top of mind for investors. Shopping Center Business recently reached out to Tom Georges, director in Stan Johnson Co.’s New York office, to discuss current trends impacting the single- and multi-tenant grocery industry and explore why European discount grocer ALDI has emerged as a growth leader. SCB: How strong is demand for grocery retailers in today’s market? Why? Georges: Over the past two years, several retail categories have proven …

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 important for retail owners to examine how market conditions affect each aspect of the tax assessor’s approach to valuing their real estate. In most jurisdictions, assessors value real estate for property taxes as of Jan. 1 of each calendar year. Most appraisal districts assess retail properties at market value derived …

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 have some catching up to do. ASC 842 is the new accounting standard published by the Financial Accounting Standards Board (FASB) that requires companies to track and more fully disclose all qualifying leased assets — including commercial real estate leases. After a one-year deferral, the standard goes into effect for …

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 several factors converge: cities fully reopen for retail business; traditional financing returns to pre-Covid underwriting levels; reimagination and re-utilization of retail space; and forbearances, abatements, repayments and evictions play out through court judgements, contract settlements, bankruptcies and business turnarounds. While this cleansing process is taking place, retail is returning for …