Ocean Parkway Real Estate Phenomenon

January 31, 2018
Gerard Staudt

“A teardown or an empty lot can go for as much as $3 million,” Have you ever heard of such a thing? Head down to Brooklyn’s Ocean Parkway and behold this real estate phenomenon. The majority of these properties are

Where the New Retail Space is Being Built (Hint: It’s Not in Malls)

January 29, 2018
Gerard Staudt


Developers around the US are shifting their focus to “pedestrian-centric” retail space. These new developments aim to create a utopia of life-work balance for young adults, and even some baby boomers looking to try a new, car-less lifestyle.

These projects

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


Declining 
foot traffic and rising vacancies are making gyms more attractive to malls across the country. In prior years, the thought of building a gym within a shopping center would not appeal to many mall owners. They were thought to

Tax Reform Shows Low Chance for “Shockwaves in the Commercial Real Estate Industry.”

January 1, 2018
Gerard Staudt


In creation of the most recent tax reform, experts concluded that any final version of the bill would have little impact on the commercial real estate industry. Despite a demand shift in certain sectors, the bill shouldn’t shake things up

Landlords Hope Festivities Lead to Impulse Buys this Holiday Season

December 21, 2017
Gerard Staudt


“Individual malls often spend $150,000 to $500,000 on holiday decorations”

In a technology-driven world, brick-and-mortar stores are often overlooked. Discover why landlords and retailers are investing so much on tinsel and lights this year: 
https://goo.gl/ysdzcS 

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Tax Bill Calculator

December 19, 2017
Gerard Staudt
Want to find out how the new tax bill will affect you? Follow the link below to a tax bill calculator and see if you will be saving a few bucks this new year: https://goo.gl/ge28g5
 
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“London is a two-tier market right now—the Asian investors and everybody else,”

December 18, 2017
Gerard Staudt