May 31, 2012

New FASB Subleasing for Retail Real Estate

Lucernex Real Estate Solutions Strategist, Mike Hammerslag, MS(RE), MBA, CPM® (see Mike’s management summary here), discusses the impact of the new FASB 13 rules on subleasing for Retailers.

This is an addition to Jim Duports 2010 Blog: GAAP in Commercial Real Estate Sublease Accounting

Excess capacity and leases with intrinsic economic value have always been an important if oft overlooked component of a retail portfolio, except by Private Equity Firms and Hedge Funds. I often wonder how frequently a review of a leased/owned portfolio is done, by a retailer, from the standpoint of: (more…)

:: No Comments »

May 14, 2012

Helzberg Diamonds Selects Lucernex Technologies For Its Store Life Cycle Management Solution

Dallas, TX (May 14, 2012) – Lucernex Technologies announced today that Helzberg Diamonds, Inc. has selected Lucernex’s cloud-based Lx Retail solution to manage its over 200-store portfolio of mostly mall based locations in 37 states. Lx Retail will replace Helzberg’s legacy system REM.

“We selected Lucernex because we wanted a product that could handle lease administration as part of a complete store lifecycle solution on one platform”, said Steve DeMott, Director – Application Development and Support. “The Lucernex implementation methodology offers easy to use tool sets that give us the flexibility to make the system our own”. (more…)

:: No Comments »

May 9, 2012

Lucernex releases Lx Retail Mobile

Dallas, TX (May 9, 2012) – Lucernex Technologies, the innovator in retail real estate solutions, announces the release of Lx Retail Mobile which provides complete support of all end user features on iPads and other mobile devices without requiring an APP.

Lucernex began supporting many features on mobile devices in early 2011 working with one of our large retail clients as a development partner. With our 9.1.2 release we will officially support iPads for all end-user features, even document downloading and viewing. (more…)

:: No Comments »

May 7, 2012

Buffalo Wild Wings replaces SLIM Software with Lucernex’s Cloud-based Lease Administration Solution

Dallas, TX (May 7, 2012) – Lucernex Technologies, a leader in retail real estate solutions, announces the go-live of the rapidly growing restaurant chain, Buffalo Wild Wings (BWW), on its Cloud-based Lease Administration and Rent Accounting solution, Lx Contracts. Lx Contracts is one of four modules in Lucernex’s purpose-built Store Lifecycle Management solution, Lx Retail.

The project included a complete client product configuration and data conversion from a client / server legacy system (SLIM).  Implementation also included extensive testing and training.
(more…)

:: No Comments »

May 1, 2012

What a CFO needs to know about the new FASB 13 lease rent accounting rules

Lucernex Real Estate Solutions Strategist, Mike Hammerslag, MS(RE), MBA, CPM® (see Mike’s management summary here), discusses what CFO’s need to know about the new FASB rules.

Time, Resources, Processes, and Impact … New Systems, New Rules … More SOX!

Some people refer to the moment in time when everything is finally laid out before them by all their constituents and the pieces all finally fall into place as an “Aha Moment.” That “Moment” is closer than you think; that moment is NOW!
(more…)

:: No Comments »