Vacant Commercial Real Estate may Qualify for a Tax Break
January 1, 2018
Gerard Staudt
Below market occupancy rates, or the anticipated departure of a major tenant, are two factors that signal the potential for property tax relief. “A vacant anchor space diminishes value even when the owner continues to receive rent on the dark
Foreseen Closure of Bon-Ton Stores Leave Shopping Centers Panicking
January 1, 2018
Gerard Staudt
“As multiple anchors close at a single mall, property managers may face a spiraling crisis of declining rent rolls.”
After posting a $45 million net loss last year, Bon-Ton Stores’ announced in November that they will be closing 40 locations,
Newmark Knight Frank Completes $290M Sale-Leaseback
January 1, 2018
Gerard Staudt
“$290M sale of DreamWorks animation headquarters.”….460,000 square feet of creative office space.
Read more about the details of this monumental deal: https://goo.gl/Am7Mqp
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Declining Foot Traffic and Rising Vacancies Make Gyms More Attractive to Malls Across the Country
January 1, 2018
Gerard Staudt
Tax Reform Shows Low Chance for “Shockwaves in the Commercial Real Estate Industry.”
January 1, 2018
Gerard Staudt