The 10 consecutive quarters of demand growth have pushed the retail market to its tightest position in nearly 20 years, according to CoStar data, and there is less space available for lease now than at any point since national tracking began in 2006. “Retail is suffering from its own success,” CoStar said. Retail tenants leased...
The Casual-dining Chain Will Be The 18th Brand To Join The Portfolio. FAT Brands announced Monday that it purchased Smokey Bones for $30 million, adding to a portfolio that already spans roughly 2,300 restaurants globally. The acquisition is expected to raise annual adjusted EBITDA by roughly $10 million. The barbecue concept, with 61 locations in...
Starbucks, Target Headline High-Profile Closings, as Concerns Rise Over Operational Challenges Starbucks is closing multiple locations across San Francisco in response to lower foot traffic and the company’s pivot to newer store formats. (Starbucks) By Katie Burke Some of the nation’s largest retailers are taking a harder line when it comes to deciding whether to...
Sun Belt Markets With Stronger Population Growth Post Larger Retail Rent GainsSun Belt Markets With Stronger Population Growth Post Larger Retail Rent Gains CoStar Analytics The strength of the U.S. retail real estate recovery has surprised some market watchers over the past three years, as growing demand from a wide range of tenants has pushed...
Dear Valued Investors, After being completely immersed in this business for numerous years, we made it a priority from the beginning when conceptualizing our business model, platform and process to make sure we listened intently to our most successful clients. While maintaining this strategy over the years, we have been able to glean complete...