National Retailers Are
Abandoning Small Town, USA
JASPER, Ala. — David Gifford, a preacher from Hamilton, Alabama (population: 6,800), drives nearly an hour to Jasper (population: 14,000) to shop at the JCPenney at the mall here in the northern part of the state.
As he saunters through the men's department, the 6-foot-3-inch, heavy-set Gifford cuts an imposing figure. But the leader of the Detroit Church of God in Detroit, Alabama (population: 237) is jovial, open and happy to chat.
In his hometown, there…
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Publix, Restaurants Headed To Pembroke Pines Lifestyle Project
Publix. BurgerFi. PizzaRev. The Halal Guys. These are a handful of names that have already signed leases to occupy Pines City Center, a 47-acre mixed-use project that will include 300K SF of lifestyle retail space.
Terra Group is developing the project…
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5 Ways To Streamline CRE Operations In 2017
The year 2017 brings with it its own sets of unique challenges to CRE brokers across the country. Here are five ways to combat and streamline those operations through the next year.
1) Do your research
It is, unfortunately, easy to leave standard operating procedure incomplete, so make sure to perform due diligence before every deal. Gaining a thorough understanding of a property's debt structure, ownership history and development — particularly within the context of larger,…
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Developers Are Replacing Failed Golf Courses With Hiking Trails And Gardens
Failed golf courses that used to grace many planned communities years ago are not just being gobbled up by homebuilders, the green is also being redeveloped into new amenities to match shifting trends.
Trail networks, education centers and gardens are…
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Why New Market Tax Credits Will Benefit Banks More Than Developers In The Future
President Donald Trump's tax reform proposal will not be unveiled until later this year, but that has not stopped speculation from spreading through the real estate market. Already, investors and market analysts are planning for future deals as though Trump's plan to cut the corporate tax rate from 35% to 20% is a fait accompli.
Chicago-based Ginsberg Jacobs partner Darryl Jacobs, an expert on tax credits, said that banks and C-corporations are buying as many New Market Tax Credits (NMTC) as they can get their hands on. These credits are designed to promote investment in distressed and low-income communities, but their allocations are based on census data pertaining to poverty, unemployment and median family income.
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