In April, the Financial Accounting Standards Board (FASB) provided a Q&A document regarding relief for the rent concessions negotiated from the COVID-19 pandemic. As some of those concessions may be expiring, I’d like to revisit the topic and update some earlier suggestions I made.
The recent economic challenges related to the COVID-19 pandemic have caused businesses to look for ways to raise cash to weather the financial storm. A number of companies are looking into sale and lease-back transactions (SLB) of their own real estate as a way to raise capital.
Jackson Cross Partners (“JCP”) is proud to share that we have earned the distinction of “Best Places to Work” by the Philadelphia Business Journal. The award is based on feedback from JCP employees, who were asked varying questions about company culture, from compensation and benefits to trust in senior leadership.
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Tango, the leader in Integrated Workplace Management Systems (IWMS) and Store Lifecycle Management (SLM) is pleased to announce that they have entered into a partnership with Jackson Cross Partners. Jackson Cross, one of the premier lease data management firms that will leverage Tango’s Lease Administration & Accounting Software solution to manage their hosted clients’ real … Continued
Authored by: Pete Davisson, SIOR, CCIM An event such as the one we are all experiencing, right now, is certainly precedent setting. Nothing like this has ever happened before, so many new or different ideas will be tested. Almost all aspects of the commercial real estate industry have been or will be touched. The pro-active … Continued
After the initial article on An Idea to Avoid Financial Destruction, there have been a number of companies and state governments who have either unilaterally decided to stop paying rent or instituted a “moratorium” on enforcement actions like eviction for 90 days.
Of all of the market cycles that we have been through over the last 40 years, the looming fallout from the current Covid-19 pandemic may create financial hardship that could reverberate for a generation. The US economy generates roughly $50 billion of commerce every day ($19T GDP / 365). The almost immediate shutdown of all … Continued
Please help us in congratulating Jason Blank on his promotion to Senior Director, CRE Strategies. As JCP and the CRE division continue to grow, the partners felt that Jason was a natural fit to help lead the division into the next decade. He has proven his abilities through his various roles at the company, in … Continued
Back in 2016, this was Lou Battagliese’s response to a recommendation made to Macy’s. Four years and post FASB lease accounting compliance later, other big retail companies are looking at sale/leasebacks. The realization that corporate occupiers of commercial real estate should look at the value that their occupancy creates, and manage real estate more as … Continued