Retail Real Estate Management in the True Cloud

Cinemark Selects Lucernex For Its Lease Administration Solution

One of the world’s largest Cinema chains, Cinemark Holdings, Inc. (NYSE: CNK), has selected Lucernex’s True Cloud delivered Lx Contracts solution to manage its multi-brand portfolio of over 500 theatres in 40 U.S. States and 13 countries, replacing their legacy system Siteseer.

Lucernex to Particpate in FASB Discussion on CRE Radio Show

Lucernex Technologies, the leading provider of cloud-based Store Lifecycle Management, Retail IWMS and Lease Administration solutions for Retailers, will be participating in a joint FASB discussion on the Commercial Real Estate Radio Show (CRE Radio)
Moderated by Howard Kline the host of CRE Radio the show, on August 23rd at 12 noon PST.

Shari’s Restaurants Selects Lucernex Technologies For Its Lease Administration Solution

Lucernex Technologies announced today that Shari’s Management Corporation, operator of Shari’s Restaurants, has selected Lucernex’s cloud-delivered Lx Contracts solution to manage its portfolio of 100 restaurant locations in six U.S. states.

Re-Exposure confirmed, Grandfathering NOT

The Boards jointly confirmed on July 21-22, 2011, that they would re-expose a new and updated Leasing Standard Exposure Draft incorporating the changes and progress made since the August 2010 Exposure Draft. The new Draft, including a period of discussion, will be compiled in the 3rd quarter of 2011 and released shortly thereafter sometime in the 4th quarter of 2011.

NRTA Survey: Retailers moving away from point solutions

We recently concluded a joint survey with the National Retail Tenants Association (NRTA) focused on the retailers’ perspective of the impact of the FASB changes and their readiness for those changes. One of the great things about collecting this much data at once is that many different dimensions can be explored. The finding that intrigued me the most was HOW retailers are planning to solve the problem and WHO they were involving in the resolution. This finding accentuated for me the vast advances the retail industry has made in both technology and process integration over the past 10 to 15 years.