Blog

Insurance Underwriters: The Most Important Design Stakeholder You’ve Never Heard Of

By Randy Thompson When Build-to-Suit is the Only Option In today’s eCommerce-driven economy, keeping up with consumer demand is imperative to success. But as retailers continue to grow, it can be difficult to find existing distribution centers that meet standards for labor, transportation costs, incentives, clear height, dock positions, and so on. Luckily, there’s a great option … Continued

newCommerce Spotlight: New SCOTUS Ruling on Internet Sales Taxation

By Garrick Brown & Ben Conwell On June 21 the United States Supreme Court issued its ruling in the case of South Dakota v. Wayfair.  This case, which Accounting Today referred to as “the tax case of the millennium,” held the promise of clarifying, once and for all, the thorny issue of local internet sales tax collection. The issue at … Continued

More Ominous Signs for LBO-Debt Addled Retailers

News broke that Claire’s unsecured creditors were lining up in opposition to the retail chain’s proposed restructuring. As you may well know, the accessories chain filed for Chapter 11 bankruptcy protection a few months back. It was the latest in a series of retail failures due to leveraged buyout (LBO) related debt. The practice, in which buyers … Continued

Department Stores – Urban Destinations or Retail Dinosaurs?

By Alistair Parker After half a century of decline, are department stores merely the dinosaurs of a past retail era or are they possibly the harbingers of future urban destinations? Despite large scale closures over the past decade in North America and Europe, there have been a surprising number of new store openings. Companies like Karstadt, … Continued

What Attracts Occupiers to Cities?

By David Smith What makes a city attractive to occupiers? Markets across the country grapple with this question in an attempt to be the destination of choice for new companies and organizations looking to expand to a new office location. Just as employees are benefiting from a tight job market, companies currently have leverage in many … Continued

Millennials and Commercial Real Estate

By David Smith “Millennials are killing [insert item]…” Generational descriptions are often broad stereotypes utilized (by those not in the generation in question) to identify everything “wrong” with the newest generation of workers or students. In this way, millennials have been blamed for destroying numerous products and industries (e.g., cereal, bars of soap, marriage, home ownership, … Continued

To 3PL or Not to 3PL

By Richard Hamilton Retailers may face significant challenges when expanding further into online/eCommerce business. Some of these may involve issues in supply chain management. Probably one of the largest obstacles is developing an effective fulfillment strategy. When it comes to making this decision, it is advisable to review the possible benefits of using a 3PL (third-party … Continued

Staying at the Forefront of Wellness with Well Living Lab

By Despina Katsikakis, Alex Spilger and Allison Kim It’s no secret that the health and well-being of your employees tie directly to their overall productivity and ultimately your company’s bottom line. Or that providing a healthy environment is critical to attracting top talent in this increasingly competitive environment.  Most companies are well aware of these facts … Continued

Density in Commercial Real Estate Property in Greater Cleveland

By David Smith Trends in office space usage since the Great Recession point toward tighter layouts. Occupiers have been looking for ways to shrink the amount of square footage allocated per employee. Currently, the national average is 194 square feet per employee, which is down 8.3% from 2009. The pace was especially strong in the first four years … Continued

Tenant Concessions – Commercial Real Estate Property

By David Smith There are opportunities coming for occupiers to find softer commercial real estate markets across the country. Factors driving this trend include increased construction in some markets and a pending slowdown in hiring that decreases demand for space, even as companies continue to shrink the amount of square footage allocated per each employee. All of this … Continued

To learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.