Tweet 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
Tweet 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 – $250M net [...]
Tweet 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 [...]
Tweet 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.
Tweet 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 as they [...]
Tweet 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.
Tweet 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 since the first [...]
Tweet 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 as the [...]
Tweet 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 #1 priority.
Tweet 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 [...]
Tweet This article outlines a very scary trend taking place across the country. It looks like the commercial real estate sector will certainly be in need of TARP funds.
Tweet This can’t be good news. There are going to be some sleepless nights for several landlords in the coming months. I hope the Breckenridge Group can right the ship. It does not look too good though….
Tweet This was a tough week. One deal dead and two had heart attacks and are hanging on by a thread. Another had a lender serve up a $500,000 haircut to the loan proceeds. Not exactly the best start to 2009. With all of the negative news flowing out of the US media, I was [...]