Here are some key news and notes from around the retail real estate world today.
- David Moquin takes a long look at the carried interest debate over at the Llenrock Blog. It explores what a hike in the tax rate would mean and tries to demystify what's at stake. It's definitely worth a read.
- There were two pieces in today's Wall Street Journal on hot topics in the commercial real estate world. One piece evaluated the CMBS market and concluded that the "worst is yet to come" in terms of loss severity rates for recent vintage issuances. A second piece evaluates investment opportunities in real estate ETFs.
- Bloomberg profiled Charming Charlie, an example of a retailer that has taken advantage of the recession to quickly build a portfolio of mall stores. It's the kind of tenant a lot of owners and managers are looking for right now.
- Our sister publication Supermarket News reported on how German chain Aldi is preparing to crack the New York market. Its first store in the city will open in 2011 in Queens.
- The same-store sales numbers for May will come out tomorrow. Early indications are that consumers have pulled back after going on a bit of a spending spree during the early part of the year. Analysts are still expecting a rise in same-store sales, but weaknesses are beginning to develop again. Teen retailers especially may have seen a pullback.
0 comments
Hide comments