Authored by: Pete Davisson, SIOR, CCIM An event such as the one we are all experiencing, right now, is certainly precedent setting. Nothing like this has ever happened before, so many new or different ideas will be tested. Almost all aspects of the commercial real estate industry have been or will be touched. The pro-active … Continued
After the initial article on An Idea to Avoid Financial Destruction, there have been a number of companies and state governments who have either unilaterally decided to stop paying rent or instituted a “moratorium” on enforcement actions like eviction for 90 days.
Of all of the market cycles that we have been through over the last 40 years, the looming fallout from the current Covid-19 pandemic may create financial hardship that could reverberate for a generation. The US economy generates roughly $50 billion of commerce every day ($19T GDP / 365). The almost immediate shutdown of all … Continued
Please help us in congratulating Jason Blank on his promotion to Senior Director, CRE Strategies. As JCP and the CRE division continue to grow, the partners felt that Jason was a natural fit to help lead the division into the next decade. He has proven his abilities through his various roles at the company, in … Continued
Back in 2016, this was Lou Battagliese’s response to a recommendation made to Macy’s. Four years and post FASB lease accounting compliance later, other big retail companies are looking at sale/leasebacks. The realization that corporate occupiers of commercial real estate should look at the value that their occupancy creates, and manage real estate more as … Continued
Nick Adams‘s deal in Quakertown was spotlighted in one of the top industry journals: “Grand View Health Inks Deal for New Corporate/Administrative Offices”
Jackson Cross Partners is pleased to announce that Hee Jong Kwon has been selected for The Forum of Executive Women’s Leadership Mentoring Program. The organization was founded more than 40 years ago to help leverage the power of executive women in the Philadelphia Region.
Authored by: Pete Davisson Tenant Improvements and TI Allowances are a very serious part of lease negotiations right now. Landlords would generally prefer to negotiate and give additional TI dollars rather than reduce the face rate of the rent. Tenant improvement costs are rising faster than rent according Real Capital Markets. Landlords don’t want to … Continued
Jackson Cross Partners recently kicked off it’s “Professional Development Initiative” with a seminar about leases.
Credential letters following a name often signifies advanced study of a subject. In the case of commercial real estate, SIOR (Society of Industrial and Office Realtors) signifies that a broker has met stringent qualifications. SIOR means the broker is amongst the Top 10% brokers (industrial and office) around the world. Among those who have received … Continued