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Changes to lease accounting: What do facility managers
need to know?

Today's Faciltiy Manager
You may have heard about a proposal that would change how leases are accounted for on corporate balance sheets. If your company leases or finances equipment, you should be aware of how the proposal could change the way you account for leases, how it potentially impacts your business, and what you can do make your voice heard on the proposal.
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Walgreens expanding solar installations to more than 200 stores
Chain Store Age
Walgreens and solar developer SoCore Energy, Chicago, announced on Wednesday that they will build more than 200 new solar installations at Walgreens stores throughout California, Connecticut, Delaware, Massachusetts, New Jersey and New York. This latest initiative will bring the number of completed solar installations at Walgreens stores to more than 350, making the company the leading retailer in number of solar powered stores.
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New wellness effort focuses on retail health advice
The Kansas City Star
Keeping people healthy is the best hope for controlling health care expenses, so two major Kansas City organizations are testing new ways to promote community wellness. Blue Cross and Blue Shield of Kansas City, Mo., said that it is opening Live Blue storefront health education locations in the Zona Rosa shopping center and in Prairie Village.
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In face of increased competition, Safeway plans expansion
The Washington Post
In the District's less prosperous days, Safeway — the city's top grocery chain for decades — was often competing only with itself. After years of population declines, swaths of D.C. neighborhoods did not have any grocery stores at all, much less competitors on the same street. Now that the city is undergoing an economic and demographic resurgence, Safeway is at the center of a battle among grocers to cash in on the Washington area's boom.
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Sears Canada to return two major Toronto-area stores to mall owners in $191-million deal
Financial Post
Sears Canada Inc. will exit two more department stores in the Toronto area after landlords made the retailer an offer it could not refuse in this country's red-hot retail real estate market — a whopping $191-million in cash. The retailer, which has been shedding slow-moving merchandise categories and is open to selling back leases on less productive stores if the price is right, said it will leave sought-after store locations at Yorkdale Shopping Centre in Toronto and Square One Shopping Centre in Mississauga, Ont. by next March after striking a deal with co-owners Oxford Properties Group and AIMCorp of Alberta.
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Ikea to more-than-double solar array atop Denver-area store
Chain Store Age
Ikea said it plans to increase the solar array atop its two-year-old Centennial, Colo. store, with panel installation slated to begin in July. Completion of what is already Colorado’s largest single-use rooftop array on a commercial building is slated for this fall, and will elevate the project to the state’s largest rooftop array of any use.
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Now you see it: High-tech systems offer reliable real-time coverage
STORES Magazine
If you think someone may be watching you, you're not being paranoid. And you might be glad they are. Security and surveillance have become watchwords in many industries, and given recent events in Boston and the increased need for safety and security everywhere, video surveillance has become essential 21st-century technology. These aren't the CCTV systems of years past, though — today's systems offer high-resolution imagery, wireless capability and reliable real-time
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Obama's Better Buildings Challenge on track for 2020 goal
Sustainable Industries Magazine
New numbers released by President Barack Obama's Better Buildings Challenge show challenge partners have improved facility energy efficiency by more than 2.5 percent per year on average compared to their baseline years – equal to roughly $58 million in annual energy savings. The new data, released in late May, track progress toward a goal of making U.S. commercial and industrial buildings 20 percent more energy efficient by 2020.
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Kohl's expands footprint in Texas
Retailing Today
Kohl’s plans to open a new customer service operations center in Dallas in late spring 2014. The two-building, three-story, 240,000-square-foot facility will support the company's growing Kohl's Charge program as well as Kohls.com. The company's e-commerce site reached $1.4 billion in sales last year following three consecutive years of more than 40 percent annual growth.
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Weis Markets' recycled cooking grease gets converted to fuel oil
Green Retail Decisions
Weis Markets has recycled 330,000 gallons of used cooking grease from its stores since 2012, which has been collected by a third party and processed in a "Food2Fuel" production facility. The cooking grease is a byproduct of the grocer’s prepared food sections at its 164 stores, according to a Supermarket News report.
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Services and maintenance: Minimal overhead
Today's Facility Manager
Regardless of whether the facility project at hand is an addition or the renovation of an existing space, selecting an appropriate ceiling system requires evaluation of a variety of factors. When selecting a ceiling, facility managers should begin with the considerations most important to the required performance in their buildings.
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Alberta retail sales growth best in Canada
The Calgary Herald
Year-over-year retail sales growth in Alberta in March was the highest in Canada as the province hit its second highest monthly total ever, according to Statistics Canada. And the arrival of retail giant Target is sure to spur additional sales in the province in the near future as consumers signal continued confidence in the economy by their spending habits.
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Report: US retail fundamentals will improve in second half of 2013
ICSC
A favorable economic and demographic outlook, improving property fundamentals and low-yielding alternative investments will all drive demand for U.S. retail properties in the second half, according to Marcus & Millichap. First-quarter store closure announcements dropped by nearly 70 percent versus the previous year's comparable quarter, according to the firm's midyear report. Retailers vacated some 11.9 million square feet during the quarter, down from 25.4 million square feet a year ago. At the same time, retailers also announced twice the number of store openings relative to closings.
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Let's work together.

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Is fungus the green building material of the future?
Design Build Source
While fungus is normally an unwanted presence in food, homes and personal belongings, a fledgling company based in upstate New York believes it has the potential to become the green building material of the future.
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Retailers expanding globally turn to developing markets
The Baltimore Sun
Retailers plagued by slow sales might want to seek customers outside the U.S. — places, for instance, such as Brazil, Chile and Uruguay. Those countries top a 2013 ranking of developing countries for retail investment by consultant A.T. Kearney. "South America is blossoming," the report says, thanks to increased consumer confidence amid a strong and growing middle class, controlled inflation, sustained economic growth and continued economic and political stability.
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Los Angeles set to ban plastic bags
Environmental Leader
Los Angeles is set to ban plastic grocery bags, making it the largest U.S. city to prohibit single-use plastic bags at supermarkets, pharmacies, convenience stores and retail chains that sell food such as Target and Walmart.
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Orchard Supply files for bankruptcy, Lowe's steps in
Reuters
Orchard Supply Hardware Stores Corp., spun off by Sears Holdings Corp. less than two years ago, has filed for Chapter 11 bankruptcy protection partly blaming hefty dividends paid out to its former parent. Rival retailer Lowe's Companies said it would buy at least 60 of Orchard's 91 neighborhood hardware and garden stores in California for about $205 million and also assume payables owed to nearly all of Orchard's suppliers.
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Starbucks expands food menu to boost sales
The Associated Press via USA Today
Starbucks wants coffee fans to think of it as a spot to grab lunch or late afternoon bite — not just a place to get a cup of morning joe. The Seattle-based coffee chain is looking to increase its sales in the U.S. by making its food a bigger attraction, particularly in the slower afternoon and evening hours.
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