This is my first post in a very long time. The only reason I am posting today is because I didn’t really have to do anything to put this post up. The following analysis is from an email I just received breaking down a recently listed retail center. Needless to say, the property is way [...]
May
02
Movie Gallery to Close All 2,415 Stores
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 just [...]
Apr
25
Breakdown: My Analysis of a Deal That Was Too Good To Be True
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 [...]
Apr
12
12 Amazing Walmart Stats
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 Day [...]
Mar
02
Are CAP Rates Heading Back Down?
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 – industry-wide. [...]
Mar
01
Sale/Leaseback Article from Phoenix Business Journal
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 than [...]
Nov
12
Comments on CoStar Article About Institutional Transactions
This morning, CoStar published an article entitled Institutional Investors Throwing Big Money Around Class A Quality Retail Property. The article highlights several recent large transactions that have taken place and interviews guys from CBRE, Marcus & Millichap and Jones Lange LaSalle for opinions. A few of the points/quotes caught my attention and I thought I’d [...]
Oct
29
First Look: Microsoft Retail Store Grand Opening
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 store [...]