News and Events
It's Deal Time
Retail real estate abuzz with disposition activity.
Sep 15, 2009 Chain Store Age Katherine Field
Retailers and developers talk a lot more these days. The recession-driven business of shedding stores and adjusting leases is throwing landlords and tenants together, forcing them to sit eyeball to eyeball (or at least e-mail to e-mail) to hash out real estate strategies that both parties can hopefully live with.
Some liken the process to doing battle.
“When you look at the back half of 2009 and on into 2010, I don’t think we’ll see anything substantially different from where we are today,” said Spence Mehl, senior VP of New York City-based RCS Real Estate Advisors. “And today we’re seeing base rents around the country flatten.”