Updates
Find the latest news, updates, and information about OAG and related news in the industries we support.
The war to control costs in successful retail centers- what landlords are doing about it.
The war to control costs in successful centers The Battle to Control Costs While Running Successful Centers The Battle to Control Costs While Running Successful Centers, by Joe Gose Favorite Today’s uncertain economic environment is prompting many shopping center...
Retailers Have a Limited Window to Renegotiate Leases
By Michael Wiener, President of ExcessSpace Retail Services Not all landlords agree that tenants have leverage regarding the negotiation of lease terms. While the future remains uncertain especially due to a number of factors including rising interest rates, supply...
Retail Sales Up
Sales volume is improving at many shopping centers, despite customers’ briefer store visits. The trend runs contrary to a retailing maxim that longer dwell time goes hand in hand with increased spending. The shift has landlords wondering whether the trend is a...
Commercial lease provisions targeted by state legislatures
Over the last year, state legislatures across the country have been focused on pandemic recovery efforts, business continuity and budgets. ICSC has weighed in on specific legislation that seeks to change various provisions of a commercial lease for businesses impacted...
Starbucks is using artificial intelligence to help choose new locations and tighten controls
Starbucks has been making noise about its artificial intelligence (AI) projects of late – and specifically how they can be applied into marketing and customer experience activities. Speaking to analysts following the company’s Q4 2019 earnings release at the end of...
Report Debunks Retail Apocalypse: More Stores Opening Than Closing
Don't believe the hype — physical retail is still growing, particularly in three key segments. Retailers are opening 4,080 more stores in 2017 than they are closing, according to a new research report from IHL Group, and they plan to open over 5,500 more in 2018....
National Retail Tenants Association Urges Retail CFO’s to Audit Their Occupancy Costs
EAST LONGMEADOW, Mass., July 13, 2016 -- Many retail CFOs are seeing that occupancy costs as a % of sales have grown significantly in the last few years and are seen as a major obstacle to achieving the profitability targets CEOs desire. According to Paul Kinney,...
Lease Accounting Changes Effect on Retailers
Retailers might soon be forced to recognize a higher lease liability on their balance sheets. John Meedzan of Technology Management does a great job explaining: The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board...
Frequently Asked Questions About Lease Auditing
Why can’t my internal accounting team perform my lease audit? Because lease auditing is a real estate function, not an accounting issue. You need the knowledge and experience necessary to uncover and successfully recover variances from real estate industry standards....
Fighting Occupancy Cost Overcharges
Ahhh, the joys of managing leases. It’s like herding cats through a field of mice sometimes. Even though I’m a “dog guy”, we have 2 spoiled, lovable cats that I sometimes think were landlords in a past life, only without the opposable thumbs, Bluetooth device and...
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