Entries by Rob Felber

How to Choose the Right Commercial Property Maintenance Company Partnership

At Commercial Asset Preservation (CAP), we understand that commercial property owners and retailers wear many hats! Some of the many priorities they juggle include operating their daily business and managing finances and personnel. Of equal importance is the physical appearance of their properties. Are the properties inviting to the consumer, the tenant and city officials? […]

Columbus plans to transform nearly vacant Fair Oaks Mall

Reprinted from WTHR COLUMBUS, Ind. (WTHR) – Even with a strong start to the holiday shopping season, brick-and-mortar shopping malls are struggling. In fact, America’s malls haven’t been this empty in years, with tenants vacating store after store. That includes Fair Oaks Mall in Columbus. But the city has a unique plan to transform the […]

Boston City Councilor Eyes ‘Vacancy Fee’ To Tackle Empty Storefronts And Homes

One Boston politician is tired of seeing vacancy signs in even the city’s poshest neighborhoods.  Boston City Councilor Matt O’Malley announced Monday he will introduce an order for a hearing at Wednesday’s Boston City Council meeting to address vacant properties throughout the city. The move comes in response to empty storefronts in high-demand business districts like Back Bay […]

The Impact Of Commercial Redevelopment On Local Communities

Reprinted from ThanMerrill.com Commercial redevelopment has become synonymous with the most lucrative exit strategies known to investors. While their commitment is more than that of the average residential project, the returns can be much more impressive. It’s worth noting, however, that returns extend far beyond padding your bottom line. The right commercial redevelopment project can […]

New life for long vacant department store gem

Reprinted from Shopping Centers Today  For three decades the once-grand former department store stood empty. But a team of developers has restored and converted the 400,000-square-foot Hahne & Co. building, in downtown Newark, N.J., into a mixed-use project with the city’s first Whole Foods store and 75,000 additional square feet for retail. The renovated building also features […]

Developers Are Turning Rust Belt Hulks into Luxury Hotels

Reprinted from National Real Estate Investor (Bloomberg)—Covington, Ky., a city of 40,000 across the Ohio River from Cincinnati, seems like an odd place for a high-end hotel. For Mario Tricoci, that’s a selling point. Last year, the Chicago developer hooked up with a local real estate investor on a $22 million retrofit of a century-old, […]