Tweet The embedded document below shows the 50 safest/strongest banks in the world as analyzed by Global Finance. There are only 4 U.S. based banks on the list (Wells Fargo: #21; US Bancorp: #26; The Bank of New York Mellon: #35; and JPMorgan Chase: #47). Bank of America is notably absent from the list. European [...]
Tweet The chart below is interesting to me. It shows the best and worst retail markets in terms of vacancy. The markets with the highest vacancy are no surprise; however, the markets with the lowest vacancy rates show a couple of cities that I would have thought would be in the other column. With all [...]
Tweet Here is a list of retailers you may want to avoid having in your properties.
Tweet Lately it has occurred to me that commercial real estate owners are not willing to face facts. This has become abundantly clear in the pricing of properties for sale that come across my desk on a daily basis. I am still seeing properties priced at very aggressive capitalization rates. Why? I have no idea. [...]
Tweet John Reeder of Real Property Alpha has written a post exploring the possibility of a company’s P/E ratio predicting CAP Rates. If you look at the chart below, the numbers don’t really seem to correlate to capitalization rates as I see the market. Company P/E Ratio Target 9.21 Wal-mart 14.84 Safeway 8.06 Kroger 10.94 [...]
Tweet An associate of mine sent me a link to this article on MSNBC about a new commercial real estate website that has just been launched. The site is called myrealestatelistings.net (the .com is taken by another RE company). I checked out the site and must say it is simply horrible. I’m not sure what [...]
Tweet If you are on the investment side of the commercial real estate business (as opposed to the leasing side) you may have noticed that there are few, if any, quality properties on the market. Sure, every now and again you will see the occasional quality asset come to market but for the most part [...]
Tweet This guest post is written by Thomas Galvin of Colliers International. Thomas is a commercial real estate analyst for Colliers International with a regional focus on the Inland Empire. You can learn more at his commercial real estate economic blog www.inlandecon.blogspot.com. The lifeblood of retailers are consumers. The industry adage that “retail follows rooftops” [...]
Tweet Blockbuster Video is having a tough year. Shares of the video rental giant have fallen 93% over the last year and their shares are now down to $0.22 / share after taking a 77% beating today in after hours trading after a report was published that Blockbuster is considering a bankruptcy filing. You can [...]
Tweet An article in the Phoenix Business Journal points to a survey done by Places Magazine which ranks Phoenix as the worst retail market in terms of vacancy rates and speed of deterioration, new inventory in the pipeline, net absorption and preleasing activity. The remainder of the top 5 were Las Vegas, Kansas City, Atlanta [...]
Tweet Just a quick post to point out that we currently have a few off-market single tenant opportunities and one multi-tenant opportunity available for sale. The single tenants are fast food restaurants in the Western U.S. If you have anyone looking for small (sub-$1M) single tenant properties or a retail center in the $8M-$9M range [...]
Tweet The following is the text of an email I received from a friend this afternoon. I found it interesting so I thought I would share. Please share your thoughts in the comments. Posted by Deal Journal Does the President have a good shrink on the White House staff? He’d better. Because the President’s “soak [...]