The rise of e-commerce and the struggle many brick-and-mortar retail stores face is nothing new. Customers are increasingly choosing to shop for clothes, furniture and even groceries from the convenience of their own homes. More recently, however, this shift in the way consumers shop has given rise to new types of retail stores – small showrooms and “pop-up shops.”
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Considerations When Negotiating Common Area Maintenance Costs in Retail Leases
Most retail tenants desire to locate their respective businesses amongst other retail businesses in malls, retail shopping centers or other mixed-use centers. Therefore, when negotiating retail leases, some of the most heavily discussed provisions involve the tenant’s share of Common Area Maintenance expenses.
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Retailers Should Ensure Flexibility in Lease Agreements for In-Store Partners
E-commerce and online shopping are here to stay, but the explosion of new technology and the number of resources available to facilitate online shopping is an opportunity for retailers to embrace new ideas and concepts that will increase foot traffic to their physical locations.
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Simon Property Settled with NY AG Over Outlet Centers Restrictions
On August 21, 2017, New York Attorney General announced that Simon Property Group settled claims that it used anti-competitive tactics to prevent development of competing outlet centers close to Woodbury Common center in New York.
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Shopping Center Restrictions Should Be Revisited in the Wake of Changing Retail
It’s probably painfully obvious to companies in the retail industry and beyond that the old paradigm of the retail shopping center is being permanently altered by e-commerce, as well as changing consumer preferences. As the old-guard stalwarts of retail begin to shutter stores or fold completely, it is up to both landlords and existing anchor…
Santa Barbara City Council Strikes Back Against Retail Malaise
Recently, the Santa Barbara City Council, in an effort to combat the retail malaise on State Street in Downtown Santa Barbara, has approved a pilot program that would streamline the permit and review process for potential commercial tenants. …
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R-22 Refrigerant Phase Out Will Impact Most Retail Leases
Retailers should mark January 1, 2020, on their calendars as the date R-22, a hydrochlorofluorocarbon-based refrigerant being used in roughly 50 percent of all HVAC equipment, is set to phased out, and should be taking several steps to prepare. …
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