The following is a list of the top 5 most expensive retail rental markets in the world taken from CIRE.
INTERNATIONAL STATS
Top Five Most Expensive Retail Rents
1. New York
2. Hong Kong
3. Paris
4. Milan, Italy
5. Dublin, Ireland
Source: Cushman & Wakefield
What is a market CAP Rate today? It certainly is hard to tell. I can remember, back in the late 90’s, making spreadsheets comparing CAP Rates of tenants based upon their net worth. We had a CAP range for $500M – $1B net worth tenants, $250M – $500M net worth, $100M – [...]
There is no escaping the news and conversation about the economic bloodbath of 2009. That’s fine. While there is no doubt we are in a very deep recession, I can’t help but wonder where the opportunities lie. I find it hard to believe that opportunities are not out there in any and all industries waiting [...]
CNBC’s Jim Cramer loves McDonald’s. Check out his interview with McDonald’s CEO Jim Skinner. McDonald’s is going to be rolling out their new McCafe concept worldwide starting in 2009. Look out Starbucks. Dunkin’ Donuts is another operator that may feel the impact of McDonald’s McCafe concept.
McDonald’s announced a strong increase in net income and same-store sales pushing shares of the largest fast-food operator higher today. Here is the article on CNBC.com. A key section of the article is below which states McDonald’s expansion plans. I’m pretty sure no other retailer will be able to compete with McDonald’s [...]
Home Deopt announced today that they will be laying off 7,000 employees and closing their EXPO Design Center stores. Here is the article on CNBC.com.
This article is not really new news but it is totally brutal nonetheless. I wonder who the $35 million buyer is? He should retrade the deal because he can. I really doubt buyers are lined up at the door for this deal. I have been scratching my head about this project [...]
This article outlines an interesting shift taking place in the CRE brokerage community. It signals a transition from brokers providing transaction based products to providing service based products. Service based products are more in line with consulting roles such as loan workouts and lease renegotiations. These services will be in high demand [...]
If anyone has a lead on a clean, single or multi-tenant retail property for sale right now (that’s not currently being marketed for sale) from $2M to $4M please let me know. I’ve got an exchange buyer with $2M cash that need a solid deal. Not CAP Rate sensitive. Quality property is [...]
Below is an email sent to all Sperry Van Ness agents and employees this week outlining the closure of all Sperry Van Ness offices. I have to say that this sounds like Guardian Management, which acquired the SVN franchise rights in Southern California, Arizona and Oregon last year, had a web-based portal play in [...]
