Pandemic aside, valuing a business is complicated. Is a business devalued because of short-term disruption in sales? Has there been a fundamental shift in the viability of certain businesses? Sellers may consider some discount for the pandemic’s short-term impacts, but most still believe that the value of their asset is not defined by the temporary […]
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New Thoughts On Lease Negotiations In A Post-Pandemic World There are millions of commercial property leases in place. While most have incorporated contingencies for scenarios from A to Z, few have considered what to do in the face of a widespread and devastating health pandemic. In fact, there is likely no such thing as a […]
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Landlords Are Hiring Small Business Consultants To Help Tenants Navigate Pandemic’s Stormy Waters Smart landlords are doing more than offering rent abatement to tenants during this unprecedented time of upheaval. Instead, they are hiring small business consultants to help tenants navigate federal loan assistance programs because rent abatement may not be enough to salvage a […]
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24/7 Fitness Clubs and Tenant NNN Obligations – A Closer Look By Rick Tannenbaum Let’s say you’ve been operating your 2,000sf cafe or grab-n-go in a 40,000sf neighborhood shopping center and your contributions for CAM and INS have been about $3.00/psf. Your lease specifies that your share of NNN expenses, based purely on your square footage, is […]
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Restaurant | Food | Beverage @ Newburgh WireWorks 109 South William Street, Newburgh, NY | Asking Rents: From $20.00/psf, modified gross | Contact: Rick Tannenbaum | 917-689-1799 | rtannenbaum@houlihanlawrence.com Newburgh is a beautiful and historically significant city on the west bank of the Hudson River, just 60 miles north of Manhattan. Rich in architecture, culturally […]
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