A lease is a legal document, but can be an oral arrangement, which confers a right on one person called a tenant or lessee to possess property belonging to another person called a landlord or lessor to the exclusion of the owner landlord. The relationship between the tenant and the...
Most businesses—especially small businesses—rent their premises by means of a lease or rental agreement. This article explains the basics of leasing and includes the main issues to consider before signing a lease. What You Need to KnowWhat is the difference between a rental agreement and a lease? The owner,...
Section 365h of the Bankruptcy Code deals with the issue and limits the landlord's power of rejection of the lease by protecting so as to protect the tenant against eviction. That section provides that "the lessee may retain its rights under such lease that are in or appurtenant to the...
The article starts with the fact that any subtenant must live with certain risks that a tenant who rents directly from a property owner need not bear. As the first on a long list of risks, a sublease generally terminates if the sublandlord defaults under the prime lease and, as a...
This paper considers retail leases with landlord overages options, with tenant renewal options, with both and with neither. It illustrates how the ratio of initial expected sales to the sales threshold can be manipulated to equate the value of the landlord overage options to that of the tenant renewal option....
Like most commercial transactions, commercial leases come in various sizes, shapes, and forms. They include such varied arrangements as retail shopping center leases, office building leases, industrial warehouse leases, as well as many other types of leases. Depending on the type of lease, the issues, which are most important, will...
ORLANDO, Fla., July 15 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. , a real estate investment trust, declared a quarterly dividend of 37.5 cents per share payable August 15, 2008 to common shareholders of record on July 31, 2008. National Retail Properties has paid...
U.S. District Court, Northern District of New York Breach of Contract Unjust Enrichment J.C. Penney Corp. v. Carousel Center Co. 04-CV-1356 Judge Scullin Background: The plaintiff...
The potential loss of a major corporate tenant can give landlords reason to fret, but it's even worse when those sites are built for a brand such as Starbucks, property managers and real estate experts said. "We would end up with an empty, expensive building," said Jason...
Blumenfeld brings Whole Foods to Lake Grove mall Construction will begin this fall on a 48,000-square-foot Whole Foods supermarket at a new 140,000-square-foot shopping center in Lake Grove that replaces Sports Plus. Syosset-based Blumenfeld Development Group is building the center, called Lake Grove Commons,...
SANTA ANA, Calif., July 10 /PRNewswire/ -- Grubb & Ellis Realty Investors, LLC today announced it has acquired Plantations at Haywood, a 562-unit multifamily community in Greenville, S.C., on behalf of tenant-in-common investors. Situated on nearly 38 acres, the approximately 662,000-square-foot property consists of 40 residential buildings,...
Glenborough, LLC, a San Mateo, CA real estateinvestment and management company specializing in office properties, ispleased to announce a new long-term lease agreement for its 201 Californiaproperty in San Francisco, CA. Benfield is the world's leading independent reinsurance and riskintermediary based in London, England. Founded in 1973, the company...
MCLEAN, Va. -- Gladstone Commercial Corp. (NASDAQ:GOOD) (the "Company") announced today that the Board of Directors declared monthly distributions of $0.125 per common share for each of the months of July, August and September of 2008. The distribution equates to a quarterly distribution of $0.375 and an annual distribution of...
Trial wrapped up Monday in the lawsuit between the Maryland Port Administration and its former prime tenant at the World Trade Center, Gebhardt & Smith LLP. After both sides presented closing arguments in Baltimore City Circuit Court, Judge M. Brooke Murdock said she will consider the...
The Nation's Most Popular In-Home Fitness and Weight Loss Solutions Company Uses Leading Tenant-Only Representation Firm to Lease More Than 54,000 Square Feet in Santa Monica LOS ANGELES, July 8 /PRNewswire/ -- Staubach, Los Angeles, a leading global real estate advisory firm has represented Product Partners, a...
Leading Software Company for the Healthcare Industry Uses Leading Tenant-Only Representation Firm to Retain its Calabasas Headquarters LOS ANGELES, July 8 /PRNewswire/ -- Staubach, Los Angeles, a leading global real estate advisory firm has represented Atlas Development Corporation, a Calabasas, CA-based leading provider of software development and...
DALLAS -- The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of The Colonnade, a Class AA, three-building office complex in Addison, Texas, on behalf of Equity Office a subsidiary of The Blackstone Group and JP Morgan Investment Management, Inc. The...
Sonnenblick-Eichner Company announced todaythat it has arranged a $20,000,000 leasehold construction loan for MalibuLumber Shopping Center, located on the Pacific Coast Highway in Malibu,California. The loan, which was secured from a money center commercialbank, provides for up to 90% of the total project costs at an interest rateof LIBOR...
NEW YORK -- Fitch Ratings places the following classes of Cobalt CMBS Commercial Trust commercial mortgage pass-through certificates, series 2006-C1 on Rating Watch Negative: --$3.2 million class M 'B+'; --$6.3 million class N 'B'; --$6.3 million class O 'B-'. The Rating Watch...
