Reprinted from RetailDive.com Dive Brief: By the fourth week of January, announced store closures across the retail industry — at 742 total — were down 65% compared to the same time last year, according to the latest counts by Coresight Research. CVS accounts for 300 of those closures. Store openings, meanwhile, stood at 1,910, a 3% increase from last […]
How communities can use funds from the American Rescue Plan Act for Vacant or Abandoned Properties The American Rescue Plan Act provides $350 billion in emergency funding for state, local, territorial, and tribal governments to respond to the Covid-19 public health emergency. This act also established the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) […]
A simple and effective approach is our backflow preventer inspection Benjamin Franklin famously advised fire-threatened Philadelphians in 1736 that “An ounce of prevention is worth a pound of cure.” In 2021, we can certainly heed the same advice when it comes to preventing changes in water pressure that can cause unwanted sewage and other contaminants […]
As the US economy continues to move forward in some semblance of recovery, the impact of rising copper prices poses a threat to commercial and industrial property owners. Dozens of stories can be found of copper theft across the United States. While some criminals may be part of a sophisticated crime ring, others may […]
There is a windfall of opportunities today that meet the criteria of a 1031 exchange. Whether you’re a commercial investor, an attorney, or an accountant that represents clients with these types of properties, there are some critical issues to consider impacting the market. A 1031 exchange allows investors to avoid capital gains taxes when they sell an […]
Commercial Asset Preservation (CAP) specializes in closed/dark property oversight, repair, and maintenance. Only CAP has the national network, experience, and detailed closed property reports to conduct recurring visual property inspections. Reference this recent article:Chain Store Age: Sephora, Cole Hann, TD Bank on best practices for maintaining dark stores Our experts look for evidence of vandalism, security […]
Reprinted from Chain Store Age Retailers learned an important lesson since March: Temporarily shuttered stores need constant attention. Store inspections conducted during the pandemic revealed unexpected damages, many of which caused store preservation work orders to surge. As a result, retailers are rethinking best practices when it comes to inspecting and managing stores during extended […]
** Client Bulletin ** Lately, we have been seeing several instances of commercial and industrial building break-ins and attempted break-in’s resulting from the removal of the rubber spline around exterior glass windows or doors. Vandals can gain access to the building through this action. Glass is being removed from the frame and entry is being […]
For Immediate Release CAP hires Samuel Cerminaro, Jr. as National Sales Executive CAP continues to expand as the nations’ premier property maintenance organization Salt Lake City, UT, June 16, 2020 — Commercial Asset Preservation, LLC (“CAP”), a nationwide provider of maintenance, repair and inspection services for operating and vacant retail, restaurant, […]
Originally published by Allianz Risk Consulting INTRODUCTION As more businesses are faced with shutting down their operations temporarily due to the recent coronavirus outbreak, we have developed the following collection of possible loss prevention measures which can serve as a guide to help you individually plan for a temporary shutdown. All of the recommendations […]