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 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 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 I have been receiving numerous emails from CREOBA every single day for a very long time and just archiving them for some future post or action that I have yet to think of. Today’s email does require a quick mention though. Apparently, CREOBA has decided to start offering their hugely valuable (ha!) courses via [...]
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, [...]
Tweet Just found this interesting tidbit online: McDonald’s is apparently changing its logo in Europe, eliminating the red background and replacing it with a “deep hunter green” background to tout their environmental credentials. You can read the article on greenbiz.com here.
Tweet So today I decided to go check out the grand opening of the Microsoft retail store at Simon’s Shops at Mission Viejo. I must say the store is impressive but the design does remind me of another retail store but I just can’t quite put my finger on which store that might be….. The [...]
Tweet Vitamin Shoppe has just completed an IPO, raising about $155 million. You can read more about it at DealBook. What I thought was most interesting was the fact that this was first I.P.O. by a traditional retailer since December 2007! The proceeds from the offering are being used to pay down debt and to [...]
Tweet This is just a quick follow-up post about Fresh & Easy. I mentioned in my last post about Fresh & Easy that I had recently heard radio advertisements for F&E. Well coincidentally, I spotted a Fresh & Easy skyscraper ad on the home page of 89.9 KCRW while looking up the name of a [...]
Tweet Below is an interesting article published by the Arizona Republic on Tuesday. Based on the published numbers of $267 million in first half sales from 130 stores, Fresh & Easy’s full year sales should be approximately $534 million or $4.1 million per unit. The average Fresh & Easy store is 14,000 square feet so [...]