The CoStar Group, a Washington, D.C. - based research firm that tracks all retail properties, including power centers, lifestyle centers and single - tenant buildings, is also not projecting any overnight miracles in
the retail real estate space.
And Storefront,
a retail real estate space matchmaker, expanded to Chicago.
Anthony Cafaro Jr., vice president of Youngstown, Ohio - based Cafaro Co., expects there will be fire sales in
the retail real estate space in the next six to 12 months and he wants his firm to take advantage.
Schnure does concede that growth in demand for
retail real estate space is at only 40 percent of where it had been about a decade earlier.
«Even when considering foreign investors, there is not a wide appetite for buying a portfolio of malls,» he notes, pointing to persistent problems in the retail sector, such as the U.S. carrying excess
retail real estate space per capita.
Not exact matches
Mitchell Goldhar owes his fortune largely to Smart REIT, a
retail and mixed - use
real estate development company that boasts 31 million square feet of leasable
space.
By 2025, the AR and virtual reality
space in the healthcare industry is predicted to reach $ 5.1 billion, engineering $ 4.7 billion,
real estate $ 2.6 billion and
retail $ 1.6 billion.
Angel investor and
real estate mogul Barbara Corcoran shares her tips for entrepreneurs looking to rent an office,
retail space, or even a restaurant.
Many of Simon's «boxes,» as the
spaces are called in commercial
real estate parlance, are being repurposed for occupants like Cheesecake Factory and fast - fashion
retailer Primark.
It took broad aim at Whole Foods, criticizing everything from its cozy board and wilting produce to its pricey
real estate in well - heeled neighborhoods like Columbus Circle, where Whole Foods has a store in the Time Warner Center — one of the most expensive
retail spaces in New York City.
REITs invest in all types of commercial
real estate, from hotels to apartments to assisted living facilities, storage facilities, office buildings, industrial
space,
retail space and more.
The commercial sector consists of
real estate used for business purposes; common types include
retail and office
space.
J.C. Penney announced this week that it would close more than 100 stores, and rivals Kohl's and Macy's announced they would lease some of their
retail space to other
retailers in an effort to generate more revenue from
real estate assets.
Thor and GGP will still collect about $ 20 million in annual rent for the
retail space, according to one source, and the partners entered contract to sell the building's office portion to the Turkish
real estate and jewelry company the Gülaylar Group for $ 160 million in March, meaning their initial investment will likely net them a hefty overall profit.
The deal would give the company even more control over shelf
space at the nation's
retailers and grocers,
real estate that is at a premium.
The Hudson's Bay deals are meant to give WeWork prime
real estate, particularly in Midtown Manhattan, with a way to blend street - level
retail space with upper - floor
real estate more useful for shared office
space.
Real Estate (
Retail) The «Retailpocalypse» has not been kind to REITs focused on commercial
spaces.
The downtown Raleigh
real estate market is extremely dynamic with a mixture of office and
retail spaces for lease.
In December 2017, Governor Cuomo and the Empire State Development Corporation announced that after a competitive selection process, the State would award state land adjacent to the Belmont horse racing track to a
real estate development partnership, New York Arena Partners, to build a 18,000 seat arena for the NY Islanders, a hotel,
retail mall, public open
space and parking lots.
In Manhattan, where such
real estate is scarce, this project will invigorate an entire underused square block of the city with a sustainable community, complete with a new elementary school, 682 units of affordable housing, and 15,000 square feet of
retail space.»
«In the face of unsustainable deficits, the Postal Service must seek ways to cut costs and reduce the size of its infrastructure,» Joseph Mulvey, a USPS
real estate specialist, wrote in a Dec. 31 letter to Bronx Borough President Ruben Diaz Jr. «We believe we have an opportunity in the Bronx to sell the existing Postal Service owned property located at 558 Grand Concourse, and right size our
retail operation into smaller leased
space.»
Not all bookstores are doing this, but with fewer brick and mortar outlets, such shelf
space is valuable
real estate, and
retailers view it as a marketable — to self - publishers — commodity in itself, almost like the purchase of an ad in a newspaper.
If you hope to acquire industrial
real estate, multi-family rentals, hotel buildings, office units, or
retail space, we can provide the funding required to actualize your
real estate goals.
We can assist with office
spaces,
retail units, multi-family rentals, hospitals, industrial
real estate transactions and many other forms of commercial
real estate.
From office and
retail spaces to multi-family rentals, and even storage, hospitality, and industrial transactions, we can help you finance your
real estate dreams.
Federal Realty Investment Trust is a
real estate investment trust that specializes in leasing
space to
retailers.
An improvement in
retail and office
real estate could buoy ROOF, however it is unlikely, in the new era of online shopping, that
retail space will perform as well as it had for many decades prior to the 2008 financial crisis.
@JBentley — The cost of
real estate (such as residential property, and the
real estate used for
retailing, restaurants, office
space, and manufacturing) is already such a large fraction of the economy that the share of a region's economy that is spent on rent (or rent substitutes, such as the cost of home ownership) can not greatly exceed the region's economic growth rate for more than one or two business cycles.
Nothing is more precious to a
retailer than merchandising
space; and with so many products vying for your
real estate, it is essential to take a cold, hard look at which SKUs are making the grade.
This disparity can also be seen in shelf -
space metrics; natural occupies a bit less than half of pet food
real estate in farm and feed outlets, compared to 69 percent in pet
retail, and grain - free accounts for half the
space in farm and feed that it claims in pet (19 percent versus 37 percent).
The company's Pads On A Roll product containing 50 standard - sized pads was also designed to take up less shelf
space and «optimize
real estate in the
retail environment,» says Johnson.
Below is a partial listing of commercial
real estate brokerages that represent
retail and office
space on Third Street Promenade and throughout Downtown Santa Monica.
From intown rental housing to collaborative office
space to close - in warehousing to ensure same - day delivery from online
retailers, gen Y will be a noticeable force in shaping commercial
real estate.
Successfully settled a complicated
real estate and lease litigation matter for a national landlord involving a commercial /
retail tenant resulting in landlord recovering possession of the subject
space, selling tenant's collateral, and obtaining payment for prior lease debt.
The
real estate attorneys at Spesia & Taylor have worked with corporate and individual clients in negotiating, drafting and executing commercial and residential leases for office
space,
retail space, restaurant
space, residential rental units, as well as in creating, implementing, and protecting easement rights.
Do you own, develop or manage commercial or residential
real estate, such as office buildings,
retail space or multi-family properties?
Asking rents for available Manhattan
retail space surged 8.2 percent in the past 12 months to $ 92 per square foot, according to the
Real Estate Board of New York.
In its third quarter 2016 report, the
Real Estate Board of New York, a trade association, found that asking rents for ground - level
space in 10 of Manhattan's 17 major
retail corridors had decreased on a year - over-year basis.
«With a proven ability raising capital across institutional,
retail and international investors, Mr. Kraft is a strong, business - minded executive, well - versed in the
real estate investment
space,» says Jim Neilas, principal broker at Hi - Rise.
The product will be aimed at a wide variety of users, including commercial brokerage firms,
real estate investors and
retailers looking to get rid of excess
space.
The report also shows that Asian Americans have the highest median household income of any racial group, and are 30 percent more likely to invest in
real estate beyond their primary residence — primarily in office, hotel and
retail spaces.
During his career, Shokri has sold more than $ 500 million worth of investment
real estate assets and leased more than 750,000 square feet of office,
retail and industrial
space.
«The
real estate investment trust plans to expand the
retail portion of the Crown Building, which also has office
space, by 25,000 to 125,000 square feet (2,300 to 11,600 square meters), Chief Executive Officer Sandeep Mathrani said on Thursday.
These
retail companies may also wish to review their entire
real estate portfolios and consider issues such as maintenance management,
space and facilities management, and general capital project management, in order to optimize efficiency and bottom - line results.
As the
retail real estate industry worries about store closings, NREI decided to look at the other side of the equation — the major
retail projects (those with rentable
space of 500,000 sq. ft. or more) that are being built right now.
«Ten - X is another proof point that people are, in fact, online, doing
real estate - related activities,» says Jonathan Wasserstrum, co-founder and CEO of SquareFoot, a start - up that operates an online marketplace for leasing office,
retail and industrial
space.
Oakbrook Terrace, Ill. — Locally based Mid-America
Real Estate Corp. announced that nearly 20 million sq. ft. of new and expansion
retail space is slated for completion in the Chicago area by the end of 2003.
That low supply, coupled with demand from better - performing
retailers for quality
space, helped push rents across all types of
retail real estate higher and vacancy rates down to about 10 percent at the end of 2015 from 11.1 percent in 2011 — as
retailers slowly shrugged off the recession's vacancy spike.
In its final
retail summary, Emerging Trends gives this outlook for 2001: «Too much
space, the Internet, casual - dress codes, less time to shop, boring formats — all add up to trouble for investors in
retail real estate.
The price worked out to $ 8,361 per square foot, at the time, the highest figure ever paid for a
retail space larger than 5,000 square feet, according to New York City - based
real estate research firm Real Capital Analyt
real estate research firm
Real Capital Analyt
Real Capital Analytics.