Chain Store Closures: 3,681 and Counting
As the summer winds down, store closures are piling up. Through mid-July of this year, chain store closures tallied 3,681 compared with 4,603 for all...
Challenging Months Ahead for Shopping Center Owners
As the number of retail store closings continues to rise, landlords in the retail sector should brace for falling rents and declining occupancy. ...
Job Losses Lead to Rising Vacancies in U.S. Property Sectors
Suzanne Mulvee, a senior real estate economist with Boston-based Property and Portfolio Research, believes the loss of 51,000 non-farm payroll jobs in July and 463,000 since the start of the year doesn’t bode well for U.S. commercial real estate. ...
Chain Store Sales Increase, ICSC Reports
Chain store sales rose by 2.6% in July over the same period in 2007, according to the International Council of Shopping Centers — a bit of good news amid a plethora of gloomy reports on the weakening U.S. economy....
Starbucks Takes Its Lumps
Howard Schultz has had better summers. First he lost a protracted battle with the new owners of the Seattle SuperSonics...
Walgreen Co. Buys Eight-Store Portfolio for $34.78 Million
Walgreen Co. has exercised its first right of refusal to buy back eight Walgreens properties in six states from a North Miami Beach investor. Marcus & Millichap Real Estate Investment Services arranged the $34.78 million sale....
Protests in China Give Retailers Fits
In spite of the major Olympic-related protests outside French retailer Carrefour's hypermarkets this April, China retail experts say they don't expect...
A Bifurcated Retail Property Sales Market Emerges
LAS VEGAS — The velocity of U.S. retail property sales across the industry plunged 40% in the first quarter of 2008 on a year-over-year basis, according to brokerage firm Marcus & Millichap, reflecting a major pricing gap between buyers and sellers....
The Plant Sprouts Concept Store in Final Anchor Space
A retail power center developed on the site of a former General Electric motor manufacturing plant in San Jose, Calif., has completed leasing of its 10 anchor store spaces....
Retail Landlords Get Their Green Act Together
Retail landlords historically haven't paid much attention to green building, largely because energy costs at most shopping centers are paid directly by...
Survival of the Fittest
For years, economists warned that the annual rise in consumer spending wasn't a permanent condition, but those concerns largely fell on deaf ears. Retailers...
New Beginning for Aging Malls
Facing intense competition from lifestyle centers and other emerging retail concepts, many of the nation's 1,500 enclosed malls are reinventing themselves...
Baby Boom Nation
Retail is a living organism, continuously evolving to reflect changing consumer tastes and lifestyles. One decade wide ties are in, the next they're out....
Low Cap Rate Boosts California Retail Property
A two-tenant, 66,070 sq. ft. Burbank, Calif., retail property has sold for $28.75 million. Faris Lee Investments, an Irvine, Calif.-based broker representing the seller, Univest Development Group of Scottsdale, Ariz., says that the property value is based on a low 5.58% cap rate compared with other Los Angeles-area, retail properties....
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