A shopping center landlord client has had some difficulties with one of his tenants recently. The tenant, a bagel shop and restaurant, and the largest tenant in the small suburban strip center, is not maintaining the area surrounding the restaurant very well. The corridor that...
An attorney negotiating for tenants should be diligent in reviewing expense provisions of commercial leases. While most such leases start with the premise that the tenant is 100% responsible for the operating costs of the premises (a triple net, or NNN lease), tenants should look...
Walgreens has announced that it will close some 200 stores in a cost-cutting effort. The company hopes to realize $1.5 billion in cost savings by the end of 2017. Walgreens has not yet announced the locations of the affected stores. Walgreens are traditionally strong candidates for...