CommonWealth REIT has changed its fee structure with management company Reit Management & Research. Under the new agreement base fees will be established on the lower of the historical costs of CommonWealth's real-estate assets or total market capitalization. The new structure was developed with the assistance of an independent compensation consultant and incorporates suggestions from shareholders, the company said.
Luxury retailers in India are expected to expand into new hotel retail space after several years of growing into more traditional mall stores. With about 40,000 square feet of new space coming online at high-end hotels, brands including Burberry, Prada and Gucci will open new shops there rather than settling for less-desirable mall or high-street space, according to commercial real estate experts.
Data show that as many as a quarter of businesses fail in the first year, so what can you do to improve your odds? Chris Keller of Profitworks recommends having more cash available than you think you will need, minimizing capital investments and crafting a solid marketing strategy and plan.
Successful entrepreneurs have learned to overcome the fear that goes along with making decisions to move their businesses forward, author Jonathan Fields says. The key is to alter your internal dialogue to be more positive and follow your gut to capitalize on opportunities, Fields said.
Standard & Poor's took away General Electric's stellar, AAA long-term credit rating, taking it down one step to AA+, still considered an investment-grade rating. The rating for GE Capital was lowered from A+ to A. The unit is the verge of write-downs from consumer and commercial loans as well as real estate investments.