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" ... About two years ago, one of our property management firm's clients — who owns a six-building medical and professional complex in Alhambra — faced a large-scale vacancy when he lost a tenant who occupied 15% of the buildings’ leasable units. Instead of dropping rents, he invested $1.1 million in remodeling the property. In doing so, he made the complex more environmentally sustainable through lighting, water fixtures and building materials choices, thereby lowering his utility bills. The renovation also created an improved working environment for all the existing tenants by introducing an upgraded facade, landscaping, furnishings, fixtures and parking. ... "
" ... Brokers, with the help of landlords, have to be able to show leasable spaces in a virtual modality and consider allowing tenants to make their deals conditional on a final walkthrough of the space. And it seems only natural for us to be moving in this direction. With most real estate consumers locating, researching and communicating digitally today, the sensible choice would be to move more of our industry online. ... "
" ... Saul Centers (BFS) is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. It currently operates and manages a real estate portfolio of 60 properties that includes 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area, and three land and development properties. ... "
" ... The math on American Dream has always been somewhat fuzzy. Earlier this year, the developers said the complex was 95% leased, and while they are now saying only that it’s not fully leased, a shift of this degree from retail to entertainment would seemingly have to involve several hundred thousand square feet of leasable space. ... "