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 buildings: [...]
Jul
30
USPS May Close Over 3,000 Locations Soon
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 many [...]
Jul
28
Restaurant Units Down by 4,000 Nationally
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®, which [...]