Brokers are trying to keep up with the changes in space demands, including a new trend of preferring low-rise buildings or lower floors in high-rise buildings to higher-priced floors at the top....More
Will the future of retail be determined by companies that were once considered pure play technology companies or manufacturers? With the dramatic success of Apple as one of the world’s most successful retailers (and most valuable companies), other brands are exploring direct relationships with the consumer....More
It seems that in spite of a recent spate of bad news from some mid-market retailers, the retail sector overall continues on a stable course, according to the March “National Retailer Demand Monthly” report from RBC Capital Markets....More
Sears Holdings announced it is moving forward with a plan to spin off 200 to 300 stores into a REIT. Chairman and CEO Edward S. Lampert expects the company to generate $2 billion or more in proceeds, yet industry experts question whether the move will solve Sears’ problems....More
Office building owners know it’s almost impossible to measure the success of adding sustainable features, as most tenants don’t make their leasing decisions solely on the basis of water or electricity savings....More
As health care becomes more patient-focused, many providers have moved into retail space to become more accessible and convenient. But property owners who expect to backfill empty massive big boxes with health care tenants will probably be disappointed, experts warn....More
The technology industry, which led the U.S. office sector recovery since the recession with growth of more than 5 percent a year, is now encouraging owners of warehouses and manufacturing sites in high-demand areas to sell their properties for high-profit conversions....More
With Millennials and empty nesters moving back to the cities, more retail investors are looking at street retail, and those that have owned this type of asset for a while are increasing their allocation to it....More
The recent announcement that it was buying a 56-acre industrial park in Menlo Park, Calif. to expand its campus is just the latest in a rapidly accelerating number of Facebook’s real estate deals. To see how much the company’s property needs have grown, take a look at our gallery.
On Feb. 4, women’s clothing retailer Cache filed for Chapter 11. Through the bankruptcy, the chain plans to renegotiate leases and close a portion of its 218 stores. Cache’s announcement is the latest in a lengthy list of store closings announcements so far this year....More
As real estate investors continue to show a preference for necessity-based retail and as supermarket chains, drugstores and dollar stores try to grab the greatest market share of consumers’ food dollars, it’s more important than ever to know who the biggest food retailers are.
Improvements in the retail sector in the fourth quarter were once again tepid. The national vacancy rate for neighborhood and community centers declined by just 10 basis points, to 10.2 percent, a slight improvement from the third quarter when vacancy remained unchanged....More