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The Colliers/FirstService Merger; Receiverships and Foreclosures (Thursday's News & Notes)

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Here are some key stories on retail and retail real estate from the past two days.

  • There are two stories worth checking out from our sister publication NREI. There's a report that looks at the recently announced merger between Colliers International and FirstService Real Estate Advisors that will create a brokerage behemoth on par with CB Richard Ellis and Jones Lang LaSalle. Another worthwhile piece examines the latest trends in CMBS delinquencies based on a report from Trepp LLC.
  • CoStar has a piece looking at how the New Year has started with a flurry of foreclosures and receiverships on retail properties.
  • Macy's announced plans to close five stores. The closures are the result of an annual effort to close underperforming locations.
  • We have our first retail bankruptcy of the year. Ski Market, a retailer of outdoor products and winter sports gear filed for Chapter 11 bankruptcy protection. The chain operates seven locations.
  • The Los Angeles Times examined what's happening with big-box vacancies in California, a trend we covered on a national basis in a feature we posted yesterday.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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