Jack in the Box unveiled its new off-premise-only prototype in Tulsa, Oklahoma, this week after announcing plans for the model more than a year ago. The building is 1,350 square feet and features two drive-thru lanes that merge toward one… Read More
It’s been a long, strange trip since the earlier part of 2022, according to new survey research out from Lightbox. From a relatively rosy outlook on the markets months ago, things have taken a turn in keeping with changing clocks… Read More
There’s an interesting misconception in CRE, even among those practiced in it, though likely not before the global financial crisis. It’s this: the Federal Reserve raises interest rates and financing for commercial real estate immediately feels the impact. And that… Read More
In 1970, Dave Thomas introduced what’s generally labeled the first modern drive-thru, a feature the Wendy’s luminary coined the “Pick-Up Window.” It was so revolutionary guests needed instructions on how to talk through the speaker to place an order. In… Read More
Restaurant Brands International CEO Jose Cil foreshadowed in early August that Burger King was preparing to announce a significant turnaround strategy. He delivered on his promise, to the tune of $400 million. The so-called “Reclaim the Flame” plan, shared at… Read More
Industrial real estate has been the standout sector in real estate for close to a decade. The pandemic only further entrenched its position. While other sectors of the economy ground to a virtual halt, consumers’ accelerated shift toward e-commerce made… Read More
Starbucks founder and interim CEO Howard Schultz told employees in July the world and its customers are evolving and the coffee giant is basically playing catchup. The solution? A comprehensive “Reinvention Plan” to recreate the coffee chain’s environment and bring… Read More
Despite inflation headwinds that have presented challenges for shoppers, decreasing spending power and consumer confidence, JLL’s Q2 2022 Retail Outlook finds that retail fundamentals are solid, with net absorption remaining positive for six straight quarters, leasing hitting its highest number… Read More
As the pandemic era nears its waning chapters, franchising has held steady. In fact, you could argue market conditions threw weight behind one of the sector’s historic growth vehicles. The franchising field expanded at a 3.2 percent compound annual growth… Read More
The quick-service restaurant industry is witnessing yet another revolutionary trend as employee wages increase and consumers utilize drive-thrus and pickup options. A speedy drive-thru can be a competitive advantage, and operators are taking notice. As such, quick-service restaurants are swift… Read More