SRS Real Estate Partners and Cresa announced an agreement to form a new company to perform lease administration services for retail, office and industrial clients.
Metro Commercial Real Estate announced that Books-A-Million has signed a lease for a 30,077-sq.-ft. former Borders located at 101 Geoffrey Drive in Christiana (Wilmington), Del.
CNL Crosland Commercial Real Estate announced two new tenant signings and an expansion for an existing retailer at Blakeney, a retail shopping center in south Charlotte, N.C.
Only 7% of executives believe their companies are extremely or very prepared to comply with new lease accounting standards proposed by the Financial Accounting Standards Board (FASB), according to a recent Deloitte survey.
Eighteen months ago, the word in retail was contraction. Talk of expansion was mostly shelved, pending some kind of palpable turnaround in the economy.
What is an SNDA?
Tenants who become tired when reading complex and lengthy leases may be tempted to skip over a paragraph at the end of the document that starts with the words “Subordination, Non-disturbance, and Attornment” (SNDA). However, the SNDA language has taken on new importance in this economic environment in which it is no longer shocking to learn that a commercial landlord has walked away from the mortgage on his major office building.
With cutting costs top-of-mind for every retail chain trying to make ends meet in a lingering downturn, the National Retail Tenants Association (NRTA) is using its influence and expertise to address the occupancy side of the retail expense equation.