Blog - Jacobsrg

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  Fast Casual- But How Much Can You Eat? February 20, 2012 7:05 pm

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  A good friend of mine bought me a great book written by Fred DeLuca, who started the Subway restaurant chain called  “Start Small Finish Big: Fifteen Key Lessons to Start and Run Your Own Successful Business”.  He started the first Subway store and now has 36,000 units in over 98 countries.   It’s a great Read the Rest…

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  Former Philadelphia Phantom, Peter Zingoni, Signs Autographs For Kids February 16, 2012 2:06 pm

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  Jacobs Realty Group Vice President and former Philadelphia Phantom, Peter Zingoni, was back on the ice in Philadelphia. This time is wasn’t in a professional venue, it was for the kids. Zingoni joined the Wissahickon Warriors Mite B team for a practice and autograph session. Zingoni played two seasons for the Philaldelphia Phantoms from 2006 Read the Rest…

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  Retail Continues To Grow In Philadelphia February 9, 2012 12:14 pm

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  As economic uncertainty surrounds the global economy, Philadelphia has emerged as a bright spot for the retail industry. A recent article by Peter Tobia on the Shopping Center Business website points out the bright spots in Philadelphia commerce and why retailers see it as a place to grow. The article shows the growth in the Center City Read the Rest…

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  High Traffic Space For Lease In Ardmore, PA February 1, 2012 1:21 pm

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  There is new space for lease in Ardmore, PA, located just 8 miles from Center City Philadelphia. The property, located at 130 E. Lancaster Avenue, offers 3,200 square feet ideal for office space or retail. Approximately 32,000 cars pass this location every day and it’s located within walking distance to the Ardmore Train Station, home Read the Rest…

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  St. Joseph’s University To Honor Cardinal John Patrick Foley January 26, 2012 12:44 pm

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  St. Joseph’s University will name the “Campus Commons” to honor the late Cardinal John Patrick Foley. The building, located on the James J. Maguire ’58 Campus, will be known as the “Cardinal John Patrick Foley Campus Center“. The official announcement and dedication of the building will come later today and can be watched live via Read the Rest…

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  Buying or Selling A Gas Station January 23, 2012 11:40 am

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  In todays market buying or selling a gas station can mean financial disaster if you don’t do your homework and have all your environmental records in place. I have been in the gas station business for 35 years and I can tell you that keeping good environmental records is not only very important but mandated Read the Rest…

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  Shops At Paoli Town Center Now For Lease January 19, 2012 3:35 pm

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  The Shops at Paoli Town Center have been one of the most anticipated leasing opportunities in the Philadelphia and Main Line area. In 2011 renovations began and with their completion in early 2012, businesses are already expressing interest. Since the leasing announcement the Shops at Paoli Town Center have generated interest from retailers, restaurants and Read the Rest…

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  Can A Failed 1031 Exchange Have Tax Benefits? January 11, 2012 3:24 pm

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  A FAILED EXCHANGE MAY HAVE TAX BENEFITS An exchange started near the end of a tax year will often run into the following tax year.  The regulations address how to handle incomplete exchanges and cash “boot” received by the taxpayer in the following year. If you structured your exchange with a “bona fide intent” to Read the Rest…

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  Purchasing Distressed Loans December 12, 2011 6:19 am

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  Question: There is currently a great opportunity to acquire real estate as a result of the recent number of loans that are on the brink of foreclosure.  Real estate developers might have the ability to purchase these loans at a discount and then foreclose on the real estate securing such loans.  When purchasing such loans Read the Rest…

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  Understanding Percentage Rent in Retail Leases 6:16 am

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  In consideration for creating and owning a shopping environment that will generate gross sales for a tenant, landlords often want to share in the financial success of a tenant’s store.  In order to share in such success, landlords can negotiate for percentage rent provisions to be added in their leases.  A percentage rent provision provides Read the Rest…

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  What protections does a landlord need during construction? 6:00 am

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  Question:  What protections should a landlord consider when negotiating a commercial lease provision related to the finalization of the plans and specifications for the initial construction of a premises?   Answer:  In many instances, the plans and specifications for the initial construction of a premises are not finalized when a commercial lease is ready to Read the Rest…

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  Landlord Protections in Co-Tenancy Provisions December 10, 2011 9:50 am

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  In order to lure new tenants to a shopping center, landlords often have to make promises that certain anchor tenants will remain open for business at the shopping center. As a result, the new tenant will want a provision added to their lease which states that in the event those certain anchor tenants close for Read the Rest…

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  International Council of Shopping Centers Show- NYC October 24, 2011 7:41 am

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  Time to leave Philadelphia for a few days and get together with some of the greatest minds in real estate on the East Coast at the annual East Coast convention for the ICSC, International Council of Shopping Centers trade show. Team JRG will be there in fill effect, making deal and getting some spaces filled. Read the Rest…

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  JRG does deal with Walmart, largest retailer in the country 7:32 am

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  December 1, 2011- Congrats to Jim Jacobs of JRG, for doing a deal with the largest retailer in the country, Walmart. Jacobs recently inked a lease at a non-disclosed 45,000 SF building. “Walmart is huge, not only in our area, but throughout the Philadelphia region. We spoke to them and they needed additional storage for Read the Rest…