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 and [...]
I’ve put together a list of the top 10 phrases that I have not heard for quite some time from developers. Please feel free to add any others you come up with in the comments. #10 "I’m a preferred developer for Rite Aid." #9 "We have excellent banking relationships, financing is not an issue." #8 [...]
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, Arizona, [...]
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: [...]
From Calculated Risk: “We’re dumbfounded. We’ve been working on this deal for four-and-a-half years. I don’t know how, all of a sudden, the numbers don’t work.” JMW Development Principal Mark Johnson From the Minneapolis / St. Paul Business Journal: SuperTarget planned for Woodbury now on hold. Target recently informed JMW that it would not proceed [...]
