ThreadGreen Industrial Limited Acquires Industrial Property in Finland Mar 8, 2008
The Facility is subject to a long-term triple net lease agreement to PW Windows Oy, which is majority owned by Sentica Partners Oy ("Sentica"). The property comprises a leaseable area of 4,668 sq. m, and was sold to the Guernsey Fund. (PR Newswire)
Committee OKs tax abatement Oct 18, 2007
The amount reflects the real estate abatements for Yip's company, Lantau Island Inc., for the years 2005 and 2006, based on the School Department's triple net lease. Under this type of lease, the School Department had agreed to pay not only the rent, but all of the utilities, taxes and other costs associated with the property. (Pawtucket Times, RI)
PBSJ begins financial recovery Sep 25, 2007
1 million in cash on Sept. 14, then entered a 10-year triple net lease agreement with an annual base rent of $1. 7 million that will escalate 2 percent a year. (Tampa Bay Business Journal, FL)
Taco Bell rings up top square-foot price for retail Sep 8, 2007
What's more, Nisbet said, "That lease is an absolute triple net lease so as a landlord you are not responsible for any of the operating costs. And so, as a buyer of that asset, you receive a check once a month in the mail.". The Factoria Taco Bell was off the market just 15 days after the owner, Bainbridge Island-based , put it on the block, according to real estate transaction tracker CoStar Group. (Puget Sound Business Journal, WA)
Federal buildings fetch higher-than-expected price Aug 20, 2007
The government will continue to occupy the buildings as part of a triple net lease, under which the tenant pays rent, the taxes on the buildings, and the normal maintenance. Search the News Search. (Globe and Mail)
JER Investors Trust Inc. (NYSE: JRT) Announces Second Quarter 2007 Results Aug 8, 2007
Aug. 7 /PRNewswire-FirstCall/ -- JER Investors Trust Inc. (NYSE: ) today reported results for the quarter ended June 30, 2007: Second Quarter Highlights: -- Continued Focus on Commercial Real Estate Backed Assets: We continue to focus on investments collateralized by commercial real estate assets. We have no investments in single family residential mortgages or residential mortgage backed securities, including no investments in "sub prime" residential mortgages or residential mortgage backed... (PR Newswire)
Things to Consider Before You Sign a Commercial Lease Aug 6, 2007
" Greenblatt says an area in the lease to pay very close attention has to do with any additional charges that the landlord can pass through to you in the form of additional rent. Greenblatt says the charges come in the form of common area maintenance (CAM) charges or things like the triple net lease (NNN) can require a tenant to pay just about everything such as taxes, insurance, and maintenance costs. A gross lease is one in which you pay just the rent and that covers all of your operating... (RealtyTimes)
This Space for Rent Jun 28, 2007
Rental fees for the square-footage under the garage will, generally, be in the high teens with a "triple net lease" - meaning the rent includes a portion of taxes, maintenance, and insurances, based on the portion of square feet the tenant occupies in the building. However, commercial leases can be flexible depending on the amount of space and the amount of build-out for the tenant. (Ithaca Times, NY)
Council closes in on buying Registry Apr 17, 2007
But councilors among other issues balked at the so-called triple net lease terms at 286 Main St., including that the schools assumed responsibility for maintenance; paid several thousand dollars for a rushed review to determine if the building, closed for a cleanup four years ago after its pipes burst in a severe January cold snap, was environmentally safe and structurally sound (it came through with flying colors); and sued the schools for working out purchase terms, which the council said was... (Pawtucket Times, RI)
Real Estate Intelligence: Now Up For Bid: Sotheby's Feb 27, 2007
Sotheby's holds a 20-year triple net lease on the building. When that expires in 2023, whoever owns the building will be hoping to get a very significant pop in value from whatever the building sells for today. (Forbes)
NHP Reports 2006 Earnings Up $0.09 Per Share, $1 Billion of Investments & 2007 Guidance Feb 14, 2007
These risks and uncertainties include (without limitation) the following: deterioration in the operating results or financial condition, including bankruptcies, of our tenants; non-payment or late payment of rent by our tenants; our reliance on two operators for a significant percentage of our revenues; occupancy levels at certain facilities; our level of indebtedness; changes in the ratings of our debt securities; access to the capital markets and the cost of capital; government regulations,... (PR Newswire)
H&R REIT signs the largest single tenant lease in Canadian history Feb 9, 2007
In keeping with our long-standing strategy, we have secured a long-term triple net lease of 25 years, with annual contractual rental increases of 1. 5. (Canada Newswire)
Euro, stocks enjoy post-Christmas cheer Dec 28, 2006
Triple Net Lease, Tenant in Common, 1031 Exchanges, REITs, Funds, LLC. www. 1031exchangeoptions. (Yahoo News -- Global Economy)
Consolidated Systems sells HQ building Nov 15, 2006
W.P. Carey's (NYSE: WPC) affiliated real estate fund, Corporate Property Associates 16-Global, acquired the Columbia facility and entered into a long-term triple net lease with Consolidated Systems. The facility serves as Consolidated Systems' corporate headquarters and houses the company's deck manufacturing, coil coating and processing, trucking and logistics operations. (Memphis Business Journal, TN)
Study that lease carefully Oct 16, 2006
Triple net lease: With a triple net lease, the tenant is responsible for a proportional share of the taxes, insurance, and maintenance expenses. Tenant remedies: Some commercial leases want you to waive your rights, such as the right to "repair and deduct" (in which you fix a problem the landlord has refused to fix and deduct the cost from the next month's rent). (USA Today -- Money)
Council addresses hotel issues Monday Sep 16, 2006
Also on Monday the city council will entertain a resolution setting a time and date for a public hearing on amending the triple net lease with the Denison Country Club/Majestic Hills Golf Course, for the lower level, pro shop and social area. t, and a resolution approving the application to the state of Iowa D.O.T. for streetscape improvements Phase III and an authorization to sign the applications. (Council Bluffs Daily Nonpareil, IA)
High-end builder constructing $2-million "spec" home Jul 10, 2006
4 million, although the building can be divided into three, for-lease units available for $21 per square foot on a triple net lease. is the developer and contractor on the project, which has been designed to include "green" elements such as earthtone stuccos and xeriscape landscaping. (New Mexico Business Weekly, NM)
Spirit Finance Corporation Announces First Quarter 2006 Results May 10, 2006
Spirit Finance will acquire the real estate assets by purchasing 100% of the outstanding stock of ShopKo and will enter into long-term triple net lease agreements with affiliates of SKO which will continue to manage the existing operations of the retail locations and all related corporate functions. The acquisition is subject to customary closing conditions and is expected to be completed by the end of the second quarter of 2006. (CNBC -- Research Alerts)
Mixed-use development planned for North Valley May 8, 2006
They're the kind of amenities that broker Jane Pilger of says contribute to the project's ability to command higher lease rates of $30 per square foot on a triple net lease. Tom Jones and Lia Petty of the same firm also are representing the commercial side of the project. (New Mexico Business Weekly, NM)
