Retail Chatr

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Tweet The retail investment market has really changed since I first started living the business. I consider myself relatively new to the commercial real estate arena, so every day I try to challenge myself to learn, understand, or question something that involves retail commercial RE. It seems over the last year, especially most recently, everyone [...]

Tweet As it has been stated before, good real estate with solid fundamentals will always garner tenant interest no matter what the market as a whole is experiencing. Below are examples of some larger tenants occupying well located spaces in Orange County that had been recently vacated. Former Tenant New Tenant Square Feet Location City [...]

Tweet I just read an article on thestar.com explaining how IKEA is installing solar panels on the roofs of three of their locations in Canada. This is an interesting topic to me as I have had many past discussions with a friend regarding LEED certification of commercial buildings and what advantages retail tenants could gain [...]

Tweet Fresh & Easy has announced that they are closing 13 stores in the Las Vegas (6 closings), Phoenix (6 closings) and Inland Empire (1 closing) markets.  This represents about 8% of the 168 total Fresh & Easy stores. I guess its a good sign that they are willing to pull the plug on underperforming [...]

Tweet I was just looking through the list of the 145 stores in which Blockbuster will be cancelling leases and closing as an initial step in their bankruptcy process.  The list shows the monthly rent for each of these locations.  A few of the rental figures caught my attention as being inordinately high and I [...]

Tweet This is my first post in a very long time.  The only reason I am posting today is because I didn’t really have to do anything to put this post up. The following analysis is from an email I just received breaking down a recently listed retail center.  Needless to say, the property is [...]

Tweet Filed under Another Tech Takedown: From Zero Hedge: Movie Gallery’s Chapter 22 just turned into a 7. The WSJ reports that the firm has decided to shutter all of its 2,415 stores and liquidate completely. Previously, the bankrupt movie rental chain had hoped to continue operating with a trimmed down asset base, and close [...]

Tweet I have been asked by more than a handful of friends and colleagues to write a post on a specific listing in Simi Valley, CA that was recently brought to market by CBRE. I decided to put my thoughts in writing and attempt to explain how exactly I would break this particular deal down [...]

Tweet I just got this email and had to share. There are some pretty amazing facts about Walmart here (assuming all are true). 1. Americans spend $36,000,000 at Wal-Mart every hour of every day. 2. This works out to $20,928 in profit every minute! 3. Wal-Mart will sell more from January 1st to St. Patrick’s [...]

Tweet This is a cool visualization showing the growth of Walmart from the opening of its first store in 1962 to present.  The graphic does not show international growth but based on past history, world domination should not be far off.  I’m pretty sure Walmart has already announced plans to enrich uranium and build centrifuges.

Tweet The Phoenix Business Journal published a not-so-surprising article this past Friday about the state of retail shopping centers in the Phoenix MSA.  The article paints a dismal picture for the state of retail in Phoenix. According to David Wetta, director of Marcus & Millichap’s national retail group, there are 1,753 retail properties in the [...]

Tweet That is a pretty broad question.  I can’t say for sure for every single product type nor do I really care about CAP Rate trends for multi-tenant office/industrial/multi-family/etc. buildings in the midwest/south/east/etc.  I can make an intelligent guess and say no, CAP Rates are not heading back down, they are continuing to rise – [...]

Tweet This article published on Friday, February 26th, 2010 is quite possibly one of the worst articles you will ever read discussing the merits of a sale/leaseback transaction.  I feel sorry for the brokers quoted in the publication.  It feels like the author chopped up their quotes and used them where she thought best rather [...]

Tweet I just had to post this.  I just closed a Fresh & Easy ground lease that was purchased by Fresh & Easy on 12/31/09.  Earlier today, we sent out an email blast announcing the sale of the property.  I received the following email (with his attorney cc’d as well) from UK transplant Tom Scorer, [...]