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June 7, 2019

Retail Recap 2019

By Partner ESI

It was great to see so many familiar faces at ICSC RECon, and make some new connections, too. At Partner, we know that what happens in Vegas winds up in your pipeline, so we’ve put together some insights to help you make the most of all the new deals you drummed up while you were there.

Accessibility & ADA Compliance for Retail Properties

Compliance with the Americans with Disabilities Act (ADA) is a hot topic for anyone who owns, manages, or lends on retail properties. The ADA designates retail properties as “places of public accommodation” which, whether new construction or an existing building, must be accessible for people with disabilities. Misconceptions abound regarding the ADA: who must comply?  How should the requirements be interpreted? In this GlobeSt post, Technical Director Christy Kim, AIA, CASp, discusses five common pitfalls of ADA compliance and how to avoid them.

Due Diligence Strategies for Late-Cycle Site Selection 

Choosing a site to meet your business objectives can be tricky, especially when limited inventory drives you towards redevelopment. At this stage in the cycle, redeveloping an existing site requires a multi-pronged risk management strategy to keep your investment and your timeline on track. Environmental and physical due diligence is critical for assessing whether a facility will be able to support planned operations, while lowering risk and liability for owners.  Principal Misty Ponce, PE, outlines specific steps to minimize risk in this article from Area Development.

Three Reasons to Consider a PCA with your NNN Lease

In a triple-net lease, the owner and tenant each have a stake and a responsibility in maintaining the physical condition of a property. While a commercial lease defines these roles, interpreting and applying lease terms can be a messy business, particularly when it comes to property condition. Owners and operators alike can benefit from a tool that helps them understand the condition of a property and the cost of maintaining it within the framework of their lease agreement. In this GlobeSt post, Technical Director Aaron Kovan, LEED AP, explains how a PCA is designed to do just that.

Featured Project:

Multi-scope engagement for a golf-centered entertainment and activity center in Miami, Florida.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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