Retail CMBS loan delinquencies have fallen to their lowest level since 2009, but experts worry that store closings, along with e-commerce, could negatively impact loan performance in the future, especially when borrowers try to refinance.
Investor demand for net leased restaurant properties is heating up, sparked by confidence in the restaurant sector and a dearth of new construction in other retail sectors. Investors are hungry for quick service restaurants (QSR) like McDonald’s, as well as casual dining properties like Red Lobster.
Recent activity has generated a lot of discussion within both the retail and investment community about PetSmart’s future. Experts say PetSmart’s management team has a lot of options.The question is: Which option will provide investors with the best value?
When it comes to apartment development, Goldilocks had the right idea. More than four out of 10 respondents said the current amount of apartment development was “just right.” A little over 28 percent said there was too much, and 18.1 percent said there was too little.
High quality big-box space has been backfilled, either by bringing in new retailers or repurposing the boxes, and demand for big boxes is currently so strong that even vacancies in less desirable centers are filling up.
Industry experts point to several things that led to Coldwater Creek’s demise, including the overall softness in apparel retailing and the strategic missteps the company made regarding its target audience and merchandising.