Tweet I consider myself to be fairly competent in matters concerning retail commercial real estate. It is a rare occasion when I am completely unable to grasp even a basic understanding of a concept or characteristic relating to any particular property. Today I find myself in exactly this position. The graph below has me completely [...]
Tweet I recently received a marketing email for a vacant restaurant building in Las Vegas. The very first “selling point” was as follows: FDIC Owned! I see these type of statements all the time now and I just wanted to make a few comments on the matter. My question is simply this: Why does the [...]
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 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 [...]
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 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 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 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 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 [...]
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 [...]