Tweet For those of you who have been reading this blog lately you will know that the overpriced deal of the week was already announced on Tuesday. To call Moreno Beach Plaza overpriced would be like saying Fresh & Easy is underperforming. So in honor of this new and (potentially) recurring post, I present you [...]
Tweet I just read a post on the CRE blog Net Lease Nation talking about the upcoming holiday season. Apparently, Fitch Ratings is bullish on the retail sector: “Many companies across Fitch’s U.S. retail coverage have been managing inventory positions well. Gross margins have rebounded for those companies in the discretionary categories that were hit [...]
Tweet Zero Hedge has a post up on Goldman Sachs’ outlook for CRE REITs. Long story short – Goldman is not positive. Zero Hedge refers to REITs as “arguably the most overbought (by a metric mile) sector” in the stock market and cites a few key points from the Goldman forecast: Cautious coverage view: we [...]
Tweet The package embedded below (see update below) just came across my desk today. It is an offering for a shopping center in Moreno Valley, CA (Inland Empire). The property consists of three ground leased fast food pads (El Pollo Loco, Del Taco and Wendy’s) as well as approximately 22,670 square feet of retail shops [...]
Tweet Below is an excerpt from an article posted today at About.com. There are two different groups of experts who agree with that position and are predicting that a second wave of economic fallout will impact the retail industry in the not too distant future. Audit Integrity, a Los Angeles research services company, released the [...]
Tweet Take a look at the image below. What do you think it is? (Answer below) Answer: A map of every McDonald’s in the United States. Judging by the lack of density in the western half (excluding California, Oregon and Washington) it looks like there may be some development opportunities in places like Colorado, Utah, [...]
Tweet I went out to the Inland Empire this morning to look at a recently developed retail center. The center is market anchored and has built-out shop space and a few national tenants operating on pads. The shop space is approximately 90% vacant. Here is a photo of the interior of one of the shop [...]
Tweet The United States Postal Service is considering consolidation options in every major metropolitan market in the United States. The consolidations could lead to the closure of over 3,000 USPS locations. Clearly, this will have a major impact on the employment of a large number of postal workers. These abandoned post offices will also leave [...]
Tweet Press release from the NPD Group. Presented without comment. NPD Spring 2009 Restaurant Count Shows Units Down by 4,000 Chicago, July 27, 2009 – There are 4,000 fewer restaurants in the United States this spring than there were last spring, according to The NPD Group, a leading market research company. NPD’s Spring 2009 ReCount®, [...]