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Office leases – Are taxes part of operating expenses?

The short answer? The lease should specifically address whether taxes are reconciled as part of operating expenses or are reconciled separately. But, why should this matter? This week, we were working on an office tower acquisition in the southeast. The majority of the leases had the typical 「tenant pays a proportionate share in excess of […]

Retail – the fatalists and the opportunists

This past week, Sears announced another 42 closures. As usual, we see even retail real estate executives posting or re-posting about the 「Dying Retail Sector.」 But, what I see regularly, not from these fatalists, is successful real estate companies take a different approach – 「How do we take advantage of these opportunities?」 One particular client […]

Visits to malls in India

This is not the typical lease admin blog that I write because I do not have any Indian retail leases to review. For ICSC, I have taught in the US, Canada and China, and I have had students from countries around the world. Many of them have provided me with their standard lease forms so […]

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