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 I just read an article at GlobeSt.com entitled Fund Steers Small Investors to Triple-Net which covers a new “hedge fund” run by Iridium Capital, a new company based in New York City. I was skeptical about the quality of the so-called “fund” as soon as I started reading the article. It seemed to me [...]
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 After marketing a what I knew would be a very attractive Southern California single tenant NNN investment for the last week and speaking with many brokers & principals on about the opportunity, it has become readily apparent that a large percentage of the active buyers in today’s market are applying their same arbitrary return [...]
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 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 Here is a “Just Closed” email flyer I sent out this morning for a deal I just closed. I don’t really want to use this blog to promote all things PCI, but I thought I’d share anyway because the fact that this deal closed in 1 week start-to-finish with a holiday and weekend in [...]