Huddle rooms, smart boards, showers, proximity to mass transit — urban-dwelling millennials have a new set of requirements for the workspace.
Recover capital spent on property purchase and improvements while continuing to occupy and operate the property.
Utility-services expense is one of the few costs that can be managed when a company relocates.
They don't take effect until 2019, but few leases will be grandfathered, so there will be an immediate bottom-line impact.
"There has to be a rationalization and we're not waiting anymore," Macy's CEO says of the plan to close 100 stores.
The deal will create the largest theater exhibition company worldwide, pushing AMC ahead of Regal Entertainment.
Waiting out long depreciation cycles on real estate is a recipe for empty malls and shuttered main streets.
Tax departments can provide strategic tax planning to mitigate risk, minimize tax liabilities, and secure business incentives.
Strategic missteps, including creating too large a store footprint and having no cohesive e-commerce strategy, contributed to PacSun's financial woes.
The move may be one of the last of its kind since, under a new law, corporations are required to pay capital gains taxes on REIT spinoffs.